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4 years ago

Which of the following statements is true?

Business

1 answer:

nadezda [96]4 years ago

3 0

Answer:

Correct option is (c)

Explanation:

MIS is the abbreviation for management information system. It helps managers organizing different tasks and departments within the organization.

It is a computer based software that enables retrieving past data, analyse present data and predict future data, thereby simplifying decision making process. As such, it can be said that MIS contributes or enables business success and innovation.

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You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000

nexus9112 [7]

Answer:

Computation of contribution to retirement fund

Annual payment that the investor wants to receive after retirement = 13000

Number of years after retirement = 15

Interest rate = 0.11

Value of the fund at 12th year (Use Present Value Formula) = -93,481.30

Years remaining to retirement = 10

Interest rate = 0.09

Annual contribution upto retirement (Use PMT Formula) = -14,566.27

3 0

3 years ago

Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,40

Talja [164]

Answer:

Total cash disbursement August= $102,510

Explanation:

Giving the following formula:

Direct labor hours= 8,400

Variable overhead rate= $1.30 per direct labor-hour.

Fixed overhead= 100,470 - 8,880= $91,590

Depreciation expense is not a cash disbursement cost.

<u>We need to calculate the cash disbursement for August:</u>

Total variable overhead= 8,400*1.3= 10,920

Total fixed overhead= 91,590

Total cash disbursement August= $102,510

6 0

3 years ago

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear? edg

marin [14]

Answer:

A long history with corrected blemishes shows to those viewing your credit history that you've learned to fix mistakes making you trustworthy and experienced. But when you have a short clear history they don't really know anything about you.

Explanation:

4 0

3 years ago

Read 2 more answers

Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $5

Brut [27]

Answer:

($500,000)

Explanation:

Economic profit = revenue - explicit costs - implicit costs (opportunity cost)

The revenue is = $3.00 x 250,000 peaches

= $750,000

The explicit costs are = land cost + equipment rent + salaries

= $1,000,000 + 50,000 + 140,000

= $1,190,000

The implicit costs are = interest income + earnings as a shoe salesman

= $20,000 + $40,000

= $60,000

Economic profit = $750,000 - $1,190,000 - $60,000

= ($500,000)

Thus, the farmers' total economic profit is actually a total economic loss of $500,000

6 0

4 years ago

If a special sales order is accepted for 3,000 sails at a price of $75 per unit, fixed costs remainunchanged, and there are no a

Paha777 [63]

Question Completion:

We assume that the variable manufacturing cost is $55 per unit.

Answer:

The change in operating income = $60,000

Explanation:

a) Data and Calculations:

Special order = 3,000 units

Price of special order = $75 per unit

Variable cost per unit (assumed) = $55

Fixed costs = unchanged

Variable marketing and administrative costs = unchanged

The change in operating income = $60,000 (($75 - $55) * 3,000)

b) Given the above scenario and the assumed variable cost per unit of $55, the change in operating income will be a total of $60,000, which adds to the normal business of the company.

6 0

3 years ago