These are both responsibilities that need to be fullfilled in order to keep a business running.
Answer:
B. $9,600
Explanation:
Calculation to determine the amount he or she will receive
Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)
Amount Received=$10000-(100%-4%)
Amount Received=$10000*96%
Amount Received=$9,600
Therefore he or she will receive $9600
Answer:
Monthly payment (A)
Interest rate (r) = 4% = 0.04
Number of years = 5 years
Number of times payment is made in a year (m) = 12
PV = A(1 - (1 + r/m)-nm)
r/m
PV = $600(1 - (1 + 0.04/12)-5)
0.04/12
PV = $600(1 - (1 + 0.0033)-5)
0.0033
PV = $600(1 - (1.0033)-5)
0.0033
PV = $600 x 4.950878649
PV = $2,971
Explanation:
In this case, we need to apply the formula for present value of ordinary annuity. The monthly payments, interest rate and number of years were provided in the question with the exception of present value. Therefore, we will make the present value the subject of the formula.
Answer: Signature included on the front or back of a check acknowledging that both parties have agreed to exchange the specified amount on the document
Answer: Option C.
General,selling and administrative cost cannot be assigned to a cost object.
Explanation:
General, selling and adminstrative cost is the total of both direct and indirect selling cost, administrative cost and all general cost of the organisation. This cost include all the non production cost that they company incured at a specific time bond i.e cost to sell, cost to deliver product and services, rent, cost to manage the company, marketing expenses, salaries, accounting, bonuses e.t.c.
It is not assigned to a cost object because it is general ,cost of selling, and administrative cost.
