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Gnoma [55]
3 years ago
13

Suppose you deposit $10,000 into an account earning 6% interest (compounded annually). How much will you have in 10 years?

Business
1 answer:
Allushta [10]3 years ago
4 0

Answer:

$17,908.48

Explanation:

Given that

Deposited amount = $10,000

Rate of interest = 6%

Time period = 10 years

So the computation of the future value is shown below;

As we know that

Future Value = Amount × ( 1 + rate of Interest ) ^ time

= $10,000 × ( 1 + 6%) ^10

= $10,000 × 1.790847697

= $17,908.48

We simply applied the above formula

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For a note receivable that was created on November 1, 2018 and is due for repayment on October 31, 2019, what is the time fracti
Alenkasestr [34]

Answer:

Correct answer is A.

2/12

Explanation:

The total time period for which interest will be accrued and will be credited to the interest income account would be for the period November 1,2018 - December 31,2018 i.e 2 months.

5 0
3 years ago
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and s
gogolik [260]

Answer:

Smart Stream Inc.

a) Total costs:

Variable costs:

Direct materials = $1,500,000 ($150 x 10,000)

Direct labor = $250,000 ($25 x 10,000)

Factory overhead = $400,000 ($40 x 10,000)

Selling and Administrative = $250,000( $25 x 10,000)

Total variable costs = $2,400,000 ($240 x 10,000)

Fixed Costs:

Factory overhead = $350,000

Selling and admin = $140,000

Total fixed costs = $490,000

I) Total costs = variable plus fixed costs = $2,890,000 ($2,400,000 + 490,000)

II) Total cost per unit = $289 ($2,890,000/10,000)

Explanation:

The total cost method includes all the costs in arriving at the unit cost before adding the desired profit to arrive at the selling price of a product.

Total costs include the cost of goods sold and the expenses incurred in running the business for the period.

It is unlike the product cost-plus and variable cost-plus approaches to product pricing.  For the product cost-plus approach, only the costs of production is taken into consideration for arriving at the selling price.  In that case, the costs of direct materials and labor, and factory overheads would be considered, while variable and fixed selling and administrative costs are excluded.   The unit cost would have been $250.

The variable cost-plus approach considers only the variable elements of costs to arrive at the selling price.  These include the direct materials and labor costs, and variable element of the factory overhead and selling and administrative expenses.  The unit cost would have been $240 as stated in the question.

These different cost-plus pricing approaches are more suitable for some industries than others.  No matter the choice made, it must be noted that they result in different selling prices and can affect the competitiveness of a company.

4 0
3 years ago
during the second stage of the ethical decision-making process, managers must determine whether a proposed decision would violat
nikdorinn [45]

When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders

The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.

The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:

  • The right to ownership
  • The right to Dividends
  • The rights to evaluate corporate decisions
  • The right to voting power

This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.

In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.

<em>Find out more at brainly.com/question/8864856.</em>

<em />

The options for this question include:

a. utilitarian beliefs

b. the global commons

c.  the fundamental rights of any stakeholders

d. home country values

4 0
2 years ago
The ___________ planning horizon is shorter than the aggregate production plan's, but must be longer than a firm's production le
klio [65]

Answer:

The correct answer is letter "B": Master production schedule.

Explanation:

A Master Production Schedule (MPS) is a detailed plan that outlines what products and in which quantities products should be manufactured over a certain period. This schedule contrasts the Aggregate Production Plan (APP) which has a broader scope in business production not only for a product but for a product family usually in large plants.

<em>MPS planning horizon is shorter than the APP but easier to understand assuming the demand for the product is constant. The MPS lead time to produce a good tends to be longer than the APP.</em>

7 0
3 years ago
Company X was expected to have earnings per share of $0.52 for the upcoming quarter. On the day of the results, the company repo
inn [45]

Answer:

Rise in stock price.

Explanation:

In general, the stock price has increased because the expected earning was $0.52 per share but the actual earnings were $0.83. therefore, we can say that stock prices have increased. moreover, there are other factors that may affect the stock price. But in this case. A positive surprise in the earnings per share results in stock price going up.

3 0
3 years ago
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