Answer:
The answer is: If Orion wants to have $3,000 in two years, he must invest $2,572.02 today
Explanation:
To determine how much money Orion has to invest today in order to have $3,000 in two years, considering he will get an 8% compound interest rate, we can use this formula:
P = FV / (1 + r)²
Where:
P = $3,000 / (1 + 8%)²
P = $3,000 / 1.1664
P = $2,572.02
Answer:
The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.
Explanation:
On the one hand, the name of <em>"direct costs"</em> is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.
On the other hand, the <em>"indirect costs"</em> are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.
Answer:
B) False
Explanation:
Trade usually benefits all the nations involved. We can use an extreme example, Chinese-American trade. America has a huge trade deficit with China, but still the whole country benefits from it. America lost some manufacturing jobs, but they have been replaced by higher paying service related jobs (currently service related jobs account for more than 70% of the total jobs in America).
And more important, American citizens are able to buy very good and cheap products from China and other places. Imagine if we had to pay for only domestic products, we would spend a much larger portion of our income in them.
In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.
<h3>What is a bottom-up budget approach?</h3>
- Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
- Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.
<h3>What is top-down and bottom-up budgeting?</h3>
- Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
- Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
- The two strategies are the two types of budgeting that are most frequently used.
<h3>What is bottom-up approach in accounting?</h3>
- Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
- This strategy begins with thorough customer or product data before expanding to revenue.
Learn more about bottom-up approach here:
brainly.com/question/19672423
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The use of long-term savings to earn a financial reward is called 12 years.