Answer:
The correct answer is B
Explanation:
Planned value is the value which is approved for the work which is to be completed or performed in the provided time. It is the budget which is authorized and allocated or assigned to the work that is needed to completed or accomplished for the activity.
Therefore, it is the budgeted value for the work that needed to be performed or completed to the date.
Answer:
$20 million
Explanation:
The computation of the ending inventory if FIFO is used
= LIFO reserve + Ending inventory based on LIFO inventory
= $3 million + $17 million
= $20 million
We simply added the LIFO reserve and LIFO ending inventory so that FIFO ending inventory can be computed. Hence, we take all the items for the computation part.
Answer:
D
Explanation:
D because you have to keep up with demand
I’d be happy to help but I need to know the options for the drop boxes. :)
Answer:
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Explanation:
The two options can be expressed as shown;
Option 1: Bank Wan
A=P(1+r/n)^nt
where;
A=Total amount after a given time
P=Initial deposit
r-Annual interest rate
n=number of times the interest is compounded annually
t=number of years of the investment
In our case;
P=$1,500
r=2.5%=2.5/100=0.025
n=365 days
t=1 year
Replacing;
A=1,500(1+0.025/365)^(365×1)
A=1,500(1.02530
A=1,537.97
Total amount after a year=$1,537.97 for Bank Wan
Option 2: C-T Bank
P=$1,500
r=3%=3/100=0.03
n=2
t=1
Replacing;
A=1,500(1+0.03/2)^(2×1)
A=1,500(1.015)^2
A=1,545.3375
Total amount after a year=$1,545.3375 for C-T Bank
Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan
=(1,545.3375-1,537.97)=$7.3675
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
