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3 years ago

What is the difference between finance and accounts

1 answer:

8 0

Answer: The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.

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A process produces two types of products A and B. Product A is done in batches of 1000 units. It involves a setup time of 2 hour

aleksley [76]

Answer:

Explanation:

1. Only product A is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 75 seconds

Setup time 2 hours

Batches= 1000 units

Run time to produce one batch of A = 1000*75sec = 75,000 seconds

Setup time = 2 hours = 7200 seconds

Remaining seconds = 144,000 - (75,000+7200) = 61,800 seconds

Product A manufactured in 61,800 sec = 61,800/75 = 824

Total Product A manufactured are = 1824 units

2. Only product B is produced

40 hours= 40*60*60 = 144,000 seconds

Run time 45 seconds

Setup time= 1 hour

Batches= 500 units

To produce one batch of A = 500*45sec = 22,500 seconds

Setup time = 6 hours = 6*7200 seconds= 43,200sec

Remaining seconds = 144,000-(22,500+43,200) = 78,300 seconds

Product A manufactured in 78300 sec = 1740

Total Product A manufactured are = 500+1740= 2240 units

3. A and B are produced in a mix of 25% A and 75% B?

Considering loss of 3 hours setup time, 37 hours is left to produce

A is manufactured for = 25% of 37 hours = 9.25 hours = 33300 hours

B is manufactured for = 75% of 37 hours = 27.75 hours = 99900 hours

Production of A = 33300/75 sec= 444 units

Production of B = 99900/45 sec= 2220 units

6 0

3 years ago

Read 2 more answers

An investor, such as a bank, may prefer to invest in securities backed by a pool of mortgages purchased in the secondary market

kati45 [8]

Answer:

b. mortgage backed securities diversify credit risk for the investor.

Explanation:

An investor, such as a bank, may prefer to invest in securities backed by a pool of mortgages purchased in the secondary market rather than in an equal dollar amount of mortgage loans because <u>mortgage backed securities diversify credit risk for the investor.</u>

In Mortgage Backed Securities, credit risk is diversified as there are many borrowers and investors between whom credit risk diversifies. So that makes investor such as bank prefer the option.

8 0

3 years ago

From 1970 to 1998 the U.S. dollar a. gained value compared to the German mark because inflation was higher in the U.S. b. gained

yawa3891 [41]

Answer:

lost value compared to the German mark because inflation was lower in Germany

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect

If inflation of the currency of a country increases relative to that of another country, the value of that currency decreases

8 0

3 years ago

The table below shows the earnings, in thousands of dollars, for three different commissioned employees. $2,000 3% on all sales

Mashcka [7]

The earnings of the three employees are X=$2,135, Y=$392, Z=$260.

<h3>What is the commission?</h3>

The commission is basically the amount of service charge which is given by the employer to their employee in addition to his income.

Let, the three employees be X, Y, and Z.

Given that,

Employee X earns $2,000 with 3% on all sales.

Employee Y earns 7% on all sales.

Employee Z earns 5% on the first $40,000, and 8% for sales over $40,000.

The table is shown in the image below about the sales of December, January, and February.

<h3>Computation of earning:</h3>

Earning in December are as follows:

<u>Employee </u><u>X</u><u>: </u>

$=\$2000+3\%(\$4,400)\\ = \$2,132.$

<u>Employee </u><u>Y</u><u>:</u>

$7\%(\$5,600) = \$392$

<u>Employee </u><u>Z</u><u>:</u>

$5\%(\$5,200) = \$260$

Hence, employee A has the largest amount of earnings in the month of December.

Therefore, option A is correct, where A is the salary plus commission employee.

Learn more about commission, refer:

brainly.com/question/929522

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7 0

3 years ago

A favorable direct labor efficiency variance might indicate that

meriva

Answer:

The materials and factors of production were available and in good quality which resulted in workers taking less time to complete a task. this also means that workers were more skilled an took less time.

Explanation:

A favorable direct labor efficiency variance might indicate that, the materials and other factors of production were available and in good quality which resulted in workers taking less time to complete a task. this also means that workers were more skilled an took less time.

3 0

3 years ago

Read 2 more answers

What is the difference between finance and accounts​

What is the difference between finance and accounts