A mentor is a person who is advised, trained, or counseled by a trusted mentee.

A brand manager for a certain company must determine how much time to allocate between radio and television advertising during t

forsale [732]

Answer:

Optimization

Explanation:

Since we were told that the brand manager has limited budget of $25,000 which makes the manager to decide that television adverts is much more effective than radio adverts making him to allocates, at least 70% of the time to television, based on this I wiill run OPTIMIZATION test reason been that optimization will help and enable me to make the best or most effective use of available resource which will in turn Reduce costs while improving the performance which is why the brand manager decide to allocate 70% to Television in order to make the business more efficient as well as cost effective.

5 0

4 years ago

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest

stiv31 [10]

Answer:

You will have $10,306 more

Explanation:

In this question, we are asked to calculate the difference in the amount of money we will earn if the same deposit amount is made in two different banks with different interest payment scheme

Firstly, Calculate the amount in the account as follows:

Future value = Interest + Amount = (Am ount x Period x Rate) + Amount = ($54,000 x 10 x 6%) + $54, 000 = $32,400 + $54,000 = $86,400

Therefore, the future value is

$86,400

Now, we calculate the amount by using the compounding as follows:

Future value = Amount x (1+ Rate)^n =

$54,000 * (1+0.06)^10

= $54,000 * 1.791 = $96,706

Therefore, the compound future value is

$96,706

The difference in amount is calculated as follows:

Difference in amount = $96,706 - $86,400 = $10,306

5 0

4 years ago

A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the

enyata [817]

Answer: $696,000

Explanation:

Given the following;

JULY direct material purchase = $300,000

AUGUST BUDGET

direct material purchase =$480,000

Selling and administrative expenses = $48,000

Depreciation expense = $36,000

Purchase of office equipment = $72,000

Wages expenses = $150,000

Only 70% of the amount of purchases made in a month being paid that month. The remaining 30% paid the next month

Therefore, total Budgeted cash disbursement for the month of August will include ;

30% of July purchase

0.3 × $300,000 = $90,000

70% of August direct material

0.7 × $480,000 = $336,000

Wage expense = $150,000

Office equipment purchase =$72, 000

Selling and administration expenses = $48,000

= $(90,000 + 336,000+ 150,000+72,000+ 48,000) = $696,000.

3 0

3 years ago

Ethical principles that practicing professionals such as engineers are obligated to follow. These principles are also applicable

jeka94

Answer:

1.True

Explanation:

Ethical principles include honesty, equality, respect for rights, integrity, and adherence to the law. Yes, these principles are also applicable to society, in general, because these qualities are key factors that affect professionals such as engineers as well as society as a whole. As an Unethical practice can lead to a company shutting down if the public ends up turning against, if we talk about society, an unethical person in the society also can harm the whole society.

8 0

3 years ago

Flint Company borrowed $49,200 on November 1, 2020, by signing a $49,200, 10%, 3-month note. Prepare Flint’s November 1, 2020, e

rosijanka [135]

Explanation:

The journal entries are as follows:

On November 1, 2020

Cash A/c Dr $49,200

To Notes payable A/c $49,200

(Being the amount is borrowed)

On December 31, 2020

Interest expense A/c Dr $820

To Interest payable A/c $820

(Being the interest expense is recorded)

The computation is shown below:

= $49,200 × 10% × 2 months ÷ 12 months

= $820

On February 1, 2021

Interest expense A/c Dr $410

Interest payable A/c Dr $820

Notes payable A/c Dr $49,200

To Cash A/c $50,430

(Being cash is paid on maturity)

The computation is shown below:

= $49,200 × 10% × 1 months ÷ 12 months

= $410

5 0

3 years ago