Answer:
$ 33,951.78
Explanation:
For this problem, you wan to know the future value of these coins later in 2055. For future value (FV), you need the rate, number of periods that occur (NPER), payment (PMT), and the present value (PV).
Currently, you know that you Present Value is 57, because that is how many silver dollars you have ($1 per coin). The rate is given: 6.4%. The number of periods is found by taking the year 2055 and subtracting 1952; 2055-1952=103. Then the payment is 0 here.
Rate: 6.4%
Nper: 103
PMT: 0
PV: 57
The formula for FV = PV [(1+rate)^NPER]. Or you use the function in excel of =FV(rate,nper,pmt,pv) to solve.
That should get you the answer of 33,951.78.
Answer:
$30,000
Explanation:
Standard allocation rate = Estimated maufacturing overheads ÷ estimated machine hours
Standard rate = $150,000 ÷ 10,000 hours = $15 per machine hour
Actual overheads incurred = $31,000
Actual machine hours = 2000 hours
Overheads are to be allocated based upon predetermined/standard absorption rate being $15 per machine hour
Manufacturing overheads to be allocated = 2000 hours × 15 per machine hour
Manufacturing overheads to be allocated = $30,000
Answer:
The chief financial officer of an organization has the main objectives of maximizing the profits obtained from the organization. This is a task of great responsibility, and one that requires the joint efforts of the entire organizational system.
It is therefore necessary that there is constant management of the strategy, including review, evaluation and control, to monitor how the planned short and long-term action plans are being effective to achieve the financial objectives of a company.
A CFO's functions are to achieve total quality, through the improvement of organizational processes in the micro and macro environment of the company, aligning the company's strategy to achieve better results. Some essential actions of a CFO are to increase sales, reduce operating costs, achieve economies of scale, improve marketing, etc.
Answer:
Simple Structure
Explanation:
According to my research on different organization structures, I can say that based on the information provided within the question Mow and Trim is an organization with a Simple Structure. This type of structure has few rules, little work specialization and departmentalization, and the owner usually has most if not all control/authority in the organization.
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