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4 years ago

How does the overall economy and it’s various aspects impact your life and finances?

1 answer:

4 0

Well the economy is basically what our money runs on. Why things are a certain price and things like that. That effects us as citizens Bc here maybe a gallon of milk is 3 dollars but maybe the same gallon of milk is less money in another country. The economy effects me Bc helps determine how much money I make and how much to spend on certain items.

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Merchandise inventory includes: (You may select more than one answer. Single click the box with the question mark to produce a c

LuckyWell [14K]

Answer:

A and C are correct. Other two are incorrect

Explanation:

3 0

4 years ago

For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded

jeyben [28]

Answer:

(A) $ 2,602.34

(B) $ 4,156.97

(C) $ 8,233.47

(D) $ 46,796.64

Explanation:

We need to solve for the PMT of an ordinary annuity:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

(A)

FV 24,850

time 8

rate 0.05

$24850 \div \frac{(1+0.05)^{8}-1 }{0.05} = C\\$

C $ 2,602.337

(B)

FV 1,030,000

time: 43

rate 0.07

$1030000 \div \frac{(1+0.07)^{43} -1}{0.07} = C\\$

C $ 4,156.972

(C)

FV 856,000

time 29

rate 0.08

$856000 \div \frac{(1+0.08)^{29} -1}{0.08} = C\\$

C $ 8,233.466

(D)

FV 856,000

time 14

rate 0.04

$856000 \div \frac{(1+0.04)^{14} -1}{0.04} = C\\$

C $ 46,796.641

5 0

3 years ago

Johnson Superior Products Inc. produces hospital equipment and the setup requirements vary from product to product. Johnson prod

Oduvanchick [21]

Answer:

D) Johnson has failed to use the correct cost driver as the cost-allocation base for setup costs.

Explanation:

One of the main disadvantages of ABC costing method is that it is very hard and expensive to implement, and sometimes you cannot allocate all overhead costs to specific cost drivers. That is what happened here with Johnson's costing method, they combined two cost drivers and allocated resources using the number customer orders which is not a valid base, e.g. one single large order represents higher costs than 10 small orders.

ABC costing is not accepted by US GAAP due to its limitations or how hard it is to apply correctly, but it is a very useful information source for making decisions. The problem is, if gathering the information is worth the effort and extra cost of ABC?

8 0

4 years ago

Why do Lean-Agile Leaders try to connect the silos of business, system engineering, hardware, software, test, and quality assura

tia_tia [17]

Lean-Agile Leaders try to connect the silos of business, system engineering, hardware, software, test, and quality assurance because by connecting the silos business, system engineering, hardware, software, test, and quality assurance they can increase productivity & increase their rate of success.

7 0

4 years ago

How does simple interest differ from compound interest?

KengaRu [80]

Answer:

The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.

Explanation:

Interest may be simple or compounded. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by multiplying a loan's principal amount by the interest rate and the number of payment periods. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).

4 0

3 years ago