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Murljashka [212]
3 years ago
10

What is the difference between finance and accounts​

Business
1 answer:
jeka57 [31]3 years ago
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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Which of the following caused a recession in the years immediately following World War II? A surge in investment spending. Pent-
morpeh [17]

Answer:

The answer is cutbacks in defense production

One of the main reasons of the recession which was immediate after the world war 2 was the government's inability to produce anything as most expense was carried out in the event of the war which decreased the gross domestic product making the economy to fall into recession.

3 0
3 years ago
Read 2 more answers
Southwestern Bank offers to lend you $50,000 at a nominal rate of 6.9%, compounded monthly. The loan (principal plus interest) m
san4es73 [151]

Answer:

0.98%

Explanation:

Note: Options provided is slightly different for this question

EAR = (1+APR/m)^m - 1  

EAR = (1+0.069/12)^12 - 1

EAR = (1.00575)^12 - 1

EAR = 1.07122449517 - 1

EAR = 7.12%

Hence, higher EAR  charged by Woodburn versus the rate charged by Southwestern = (8.1% - 7.12%) = 0.98%

5 0
3 years ago
Wally is trying to determine how many salespeople he needs to satisfy the demand for waterslides. Wally's Waterslide World has 6
bagirrra123 [75]

Answer:

50

Explanation:

Calculation to determine How many Number of Salespeople does Wally need to adequately sell waterslides

Using this formula

Number of Salespeople=(Number of customers*Calls necessary*Hours per call)/Average selling time available per year

Let plug in the formula

Number of Salespeople= (6000* 5 * 1.5 hours per call) / 900 hours

Number of Salespeople= 45,000 / 900

Number of Salespeople=50

Therefore Number of Salespeople that Wally need to adequately sell waterslides is ,50

6 0
2 years ago
A company has budgeted direct materials purchases of $210000 in July and $390000 in August. Past experience indicates that the c
Alja [10]

Answer:

$486,000

Explanation:

According to the scenario, computation of the given data are as follow:-

                          Budgeted Cash Disbursements for August

Particular                                                           Amount ($)

Direct material purchase for July ($210,000 × 30%) 63,000

Direct material purchase for August ($390,000 × 70%) 273,000

Add-wages paid 50,000

Add: Office equipment purchase 62,000

Add: Selling and administrative expenses 38,000

Total                                                           486,000

The depreciation is a non cash expense and the same is not relevant. Hence, ignored it

7 0
3 years ago
Listed here are product costs for the production of soccer balls.
VikaD [51]

Answer:

<u>(a) as either fixed or variable</u>

fixed

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

variable

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

<u>(b) as either direct or indirect</u>

direct

Lace to hold leather together

Wages of assembly workers

Leather covers for soccer balls

indirect

Coolants for machinery

Annual flat fee paid for factory security

Machinery depreciation (straight-line)

Taxes on factory

Explanation:

Fixed Costs are constant for any production level. Variable Costs vary directly with production.

Direct Costs are easily traced to the product manufactured. Indirect costs are not easily traced and they need to be allocated to Products manufactured.

7 0
3 years ago
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