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Paha777 [63]
3 years ago
8

Which best describes the role of financial planning?

Business
1 answer:
Natasha_Volkova [10]3 years ago
8 0
Investing and saving
You might be interested in
Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods
sasho [114]

Answer:

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

Explanation:

Giving the following information:

Direct labor, $30,000

Factory overhead applied $6,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

6,000= Estimated manufacturing overhead rate*30,000

6,000 / 30,000 = Estimated manufacturing overhead rate

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

4 0
3 years ago
The Rockies Division operates as a profit center. It reports the following for the year. Budgeted Actual Sales $1,969,700 $1,829
Eduardwww [97]

Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research.

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
Smallville has a linear production possibility frontier in the production of good X and good Y. It can produce 6 of X per hour o
aliina [53]

Answer:

The maximum amount of good Y produced will be 960.

Explanation:

Smallville has a linear production possibility frontier in the production of good X and good Y.

It can produce 6 of X per hour or 8 of Y per hour.  

It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.

It means that both good X and good Y get 120 hours of labor each.  

The amount of good Y produced in 120 hours

= 120\ \times\ 8

= 960 units

6 0
3 years ago
How many years are required for an investment to double in value if it is appreciating at the rate of 9​% compounded​ continuous
Vesna [10]

Answer:

time required is 7.70 years

Explanation:

given data

interest rate = 9%

solution

we know with the compounded​ continuously rate r and time t amount is

A(t) = A(o) e^{rt}     .................1

and we have given amount is double so

A(t) = 2 A(o)

so from equation 1 put the value and we get here

2 A(o) = A(o) e^{rt}

ln(2) = 0.09 t

solve it we get time

time t = 7.70 years

so time required is 7.70 years

7 0
3 years ago
For example, in 2012, each of the 80 billion pieces of advertising brought 21 cents in revenue, compared to 42 cents for first-c
yaroslaw [1]

Answer:

Returns

Explanation:

Returns on an investor is the amount of profit or gain an outlay of cash is able to bring at the end of a period.

Rate of returns on invested funds is used as a yardstick by potential investors in deciding which enterprise to fund.

In the given instance where each of the 80 billion pieces of advertising brought 21 cents in revenue, a better replacement for the word revenue is return.

So returns of funds invested on each piece of advertising is 21 cents.

6 0
3 years ago
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