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3 years ago

EB4.

Business

1 answer:

avanturin [10]3 years ago

6 0

Answer:

Fixed and Variable cost:

Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.

Variable cost are the costs which changes with change in the level of output produced and sold.

Product and Period cost:

Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.

Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

(a) Variable cost - Product cost

(b) Variable cost - Product cost

(d) Fixed cost - Period cost

(e) Fixed cost - Period cost

(f) Fixed cost - Period cost

(g) Variable cost - Product cost

(h) Fixed cost - Period cost

(i) Fixed cost - Period cost

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Answer:

Trite phrases are expressions which have grown stale through too frequent use.

Explanation:

1. the trite business phrases are

Please do not hesitate to , and
In accordance with your wishes.

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3. the revision that provides the most clarity for "I am taking this opportunity to inform you that changes to your account will post on Tuesday" is

The changes to your account will post on Tuesday.

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4 years ago

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3 years ago

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Using the continuous compounding equation, if someone invested $5,000 at an interest rate of 3.5%, and someone else invested $5,

UNO [17]

Answer:

Therefore after 16.26 unit of time, both accounts have same balance.

The both account have $8,834.43.

Explanation:

Formula for continuous compounding :

$P(t)=P_0e^{rt}$

P(t)= value after t time

$P_0$ = Initial principal

r= rate of interest annually

t=length of time.

Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .

Let after t year the both accounts have same balance.

For the first case,

P= $5,000, r=3.5%=0.035

$P(t)=5000e^{0.035t}$

For the second case,

P= $5,250, r=3.5%=0.032

$P(t)=5250e^{0.032t}$

According to the problem,

$5000e^{0.035t}=5250e^{0.032t}$

$\Rightarrow \frac{e^{0.035t}}{e^{0.032t}}=\frac{5250}{5000}$

$\Rightarrow e^{0.035t-0.032t}=\frac{21}{20}$

$\Rightarrow e^{0.003t}=\frac{21}{20}$

Taking ln both sides

$\Rightarrow lne^{0.003t}=ln(\frac{21}{20})$

$\Rightarrow 0.003t}=ln(\frac{21}{20})$

$\Rightarrow t}=\frac{ln(\frac{21}{20})}{0.003}$

$\Rightarrow t= 16.26$

Therefore after 16.26 unit of time, both accounts have same balance.

The account balance on that time is

$P(16.26)=5000e^{0.035\times 16.26}$

=$8,834.43

The both account have $8,834.43.

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3 years ago

Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven

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Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.

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3 years ago

Jenna Parker owns and manages her single-member LLC, which provides a wide variety of financial services to her clients. She is

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Answer:

$57,000

Explanation:

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Assets with an adjusted basis = $75,000

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Total taxable income from all source deduction(including standard deduction) = $1,200 for singles & $24,000 for married filling jointly

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The maximum possible pass through deduction = 20% * $285,000 = $57,000

Hence, the income is not over $415,000. So he doesnt qualify for the W-2 wages deduction.

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3 years ago