The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
<h3>What is
internal growth rate of a firm?</h3>
An internal growth rate can be described as the highest level of growth that can be gotten by a business without obtaining outside financing.
it should be noted that the firm's maximum internal growth rate is the level of business operations can persistently fund , hence The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
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Answer:
$16.66
Explanation:
Data provided
Direct material = $55,870
Direct labor hour = 475
Wage rate = $11
Machine hour = $556
Number of units = 4,100
Overhead rate = $13
The preparation of job sheet is shown below:-
Direct Material $55,870
Add: Direct Labor $5,225
( 475 × $11)
Overhead $7,228
($556 × $13)
Total $68,323
Number of units 4,100
Cost per unit $16.66
($68,323 ÷ 4,100)
Answer:
patent
Explanation:
A patent is a type of intellectual property that is classified as an intangible asset. It provides the patent holder protection for any invention that he/she has developed and registered with the proper government authorities. Patents usually last between 14 to 20 years and during that time the patent holder has the exclusive right to manufacture, use or sell his invention.
<span>The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information</span>
