Answer:
A. benchmarking
Explanation:
In companies; benchmarking is the good practice as it compares the company's business processes and performance metrics to industry. There are four types of benchmarking which are internal, competitive, functional and generic. Benchmarking always facilitate to seek the best practices of your competitor and learn it to implement or take strategic decisions. Based on the data and information which is derived from benchmarking; company can modified its strategies towards the achievement of objective to excel among competitors.
Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.
Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%
Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%
As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A
Answer:
$480,000
Explanation:
Calculation to determine what total relevant costs to make the part internally are
First step is to calculate Relevant cost per unit:
Relevant cost per unit:
Direct materials $6
Direct labor $24
Variable manufacturing overhead $12
Fixed manufacturing overhead ($15 × 0.40) $6
Relevant manufacturing cost $48
Now let determine the Total relevant costs to make the part internally
Total relevant costs to take the part internally=($48 × 10,000)
Total relevant costs to make the part internally = $480,000
Therefore total relevant costs to make the part internally are $480,000
Answer:
5%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
The interest rate implicit in the agreement can be determined by finding the internal rate of return.
Cash flow in year 0 = $-196,401
Cash flow each year from year 1 to 7 = $33,942
IRR = 5%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Answer: $7,875 per year for each of the first two years.
Explanation: The method to calculate the amount of depreciation using the straight line method is to subtract the salvage price from the purchase price and then divide it by the numbers of years in its useful life.
($35,400 - 3,900)/4 = $31.500 / 4 = $7,875 per year
$7,875 is the amount of depreciation for each year of the four years of the truck’s useful life.
