There is $257 in your account and you earn simple interest of 3.2% for 5 years. What is your new balance?

Is the management function that involves allocating resources, assigning tasks, and establishing procedures for accomplishing th

Katyanochek1 [597]

I would say that the management function for these activities would be organizing since allocating resources, assigning tasks, and establishing procedures for the organizational objectives all require the quality of organizing which means determining what resources there are, what the tasks are that are required and who can do them, and deciding on procedure to accomplish objectives.

8 0

2 years ago

The balance in retained earnings at December 31, 2020 was $1440000 and at December 31, 2021 was $1168000. Net income for 2021 wa

fomenos

Answer:

C. $682,000

Explanation:

Given the above information, the computation of cash dividend is seen below;

Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings

$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000

$2,448,000 - $598,000 - Cash dividend = $1,168,000

Cash dividend = $2,448,000 - $598,000 - $1,168,000

Cash dividend = $682,000

5 0

2 years ago

You are the manager of a medium-sized farm with 100 acres of workable land. You can farm the land yourself, rent the land to ano

Ainat [17]

Answer:

The opportunity cost for a year will be $240,000.

Explanation:

The opportunity cost of any decision is the second-best alternative that is given up or sacrificed.

Here, the manager has a farm of 100 acres of land.

If he sells it to a developer for $40,000 per acre, he will get $4,000,000 for the whole land.

He can invest this amount and get an interest of 6% per year.

The opportunity cost of keeping the farm to the manager himself will be

= 6% of $4,000,000

= $\frac{6}{100}\ \times\ \$ 4,000,000$

= $240,000

3 0

3 years ago

At Bargain Electronics, it costs $29 per unit ($16 variable and $13 fixed) to make an MP3 player that normally sells for $51. A

Sphinxa [80]

Answer:

The special order should be accepted, as it will increase Net income by $38,000.

Explanation:

Differential Analysis

Reject Accept Net income Increase/(Decrease)

Revenues 0 $118,750 $118,750

Cost-manufacturing 0 $76,000 -$76,000

Shipping 0 $4,750 -$4,750

Net income 0 $38,000 $38,000

The special order should be accepted, as it will increase Net income by $38,000.

Workings

Accept Order Revenue = 4,750 *$25 = $118,750

Accept Order Cost-manufacturing = 4,750 * $16 = $76,000

Accept Order Shipping = 4,750 * $1 = $4,750

5 0

2 years ago

The following is a free response question released by the College Board from a previous AP exam to be used as practice for futur

astraxan [27]

Solution and Explanation:

(a). Firm in perfect competition produces at minimum efficient scale, MEC where average cost AC is minimum. The price is determined by the market supply and demand.

(b) Note that q1 is at the minimum of AC while Q* is to the left of q1. Similarly, P1 is equal to MC while P* is higher than MC. This shows that firms in perfect competition produce more and charge less than the firms in monopolistically competitive market.

(c) All firms in monopolistically competitive market as well as perfectly competitive market earn zero economic profit in the long run. This is because there is a free entry and exit

(d) Demand is steeper for firms in monopolistically competitive market so that demand is elastic. Demand is horizontal for any quantity which means it is perfectly elastic for a firm in competitive market.

5 0

3 years ago