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3 years ago

5 functions of the B-BBEE Commission

1 answer:

7 0

B-BBEE Commission or the Broad-Based Black Economic Empowerment Act of 2003 where President Jacob Zuma appointed Advisory Council members. These members are responsible to make into action their functions over a period of 5 years. The functions are (1) Responsible leadership and direction of the implementation of plans, (2) advise government on black economic empowerment, (3) review on the improvement or progress towards black economic empowerment, (4) draft transformation charters, and (5) facilitate partnerships between the private sector and state organs.

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Warnerwoods Company uses a perpetual inventory system.

Liono4ka [1.6K]

Answer:

gross profit under FIFO = $40,570 - $25,220 = $15,350

gross profit under LIFO = $40,570 - $26,340 = $14,230

gross profit under weighted average = $40,570 - $26,240 = $14,330

gross profit under specific id. = $40,570 - $26,070 = $14,500

Explanation:

sales revenue = (290 x $86.60) + (160 x $96.60) = $40,570

COGS under FIFO:

130 x $51.60 = $6,708

160 x $56.60 = $9,056

80 x $56.60 = $4,528

80 x $61,60 = $4,928

total COGS = $25,220

COGS under LIFO:

240 x $56.60 = $13,584

50 x $51.60 = $2,580

160 x $63.60 = $10,176

total COGS = $26,340

COGS under weighted average:

weighted average = [(130 x $51.60) + (240 x $56.60) + (100 x $61.60) + (180 x $63.60)] / 650 = $58.31

450 x $58.31 = $26,239.50 ≈ $26,240

COGS under specific method:

80 x $51.60 = $4,128

210 x $56.60 = $11,886

60 x $61.60 = $3,696

100 x $63,60 = $6,360

total COGS = $26,070

8 0

3 years ago

What kind of interest group represents different facets of business interests?

kogti [31]

I would say that it would simply be a businessman's interest group or an association such as the Association of Mineral Exploration in the province of British Columbia, Canada that is an advocacy group for the businessmen to ensure they get the ear of the provincial government and so they can be a lobby group too.

4 0

3 years ago

Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Rou

Inessa05 [86]

a. The present value of $300 per year for 16 years at 6% is $3,031.77.

It is calculated using an online finance calculator as follows:

N (# of periods) = 16 years

I/Y (Interest per year) 6%

PMT (Periodic Payment) = 300

FV (Future Value) = $0

Results:

PV = $3,031.77

Sum of all periodic payments = $4,800.00

Total Interest $1,768.23

b. The present value of $150 per year for 8 years at 3% is $1,052.95.

It is calculated using an online finance calculator as follows:

(# of periods) = 8 years

I/Y (Interest per year) = 3%

PMT (Periodic Payment) = $150

FV (Future Value) = $0

Results:

PV = $1,052.95

Sum of all periodic payments = $1,200.00

Total Interest = $147.05

c. The present value of $700 per year for 8 years at 0% is $5,600.00.

It is calculated using an online finance calculator as follows:

N (# of periods) = 8 years

I/Y (Interest per year) = 0%

PMT (Periodic Payment) = $700

FV (Future Value) = $0

Results

PV = $5,600.00

Sum of all periodic payments = $5,600.00

d. The present value of $300 per year for 16 years at 6% as an annuity due is $3,213.67.

It is calculated using an online finance calculator as follows:

N (# of periods) = 16 years

I/Y (Interest per year) 6%

PMT (Periodic Payment) = 300

FV (Future Value) = $0

Results:

PV = $3,213.67

Sum of all periodic payments = $4,800.00

Total Interest = $1,586.33

e. The present value of $150 per year for 8 years at 3% as an annuity due is $1,084.54.

It is calculated using an online finance calculator as follows:

(# of periods) = 8 years

I/Y (Interest per year) = 3%

PMT (Periodic Payment) = $150

FV (Future Value) = $0

Results:

PV = $1,084.54

Sum of all periodic payments = $1,200.00

Total Interest = $115.46

f. The present value of $700 per year for 8 years at 0% as an annuity due is $5,600.

It is calculated using an online finance calculator as follows:

N (# of periods) = 8 years

I/Y (Interest per year) = 0%

PMT (Periodic Payment) = $700

FV (Future Value) = $0

Results

PV = $5,600.00

Sum of all periodic payments = $5,600.00

<h3>What is the difference between an ordinary annuity and an annuity due?</h3>

An ordinary annuity involves regular payments made <u>at the end</u> of each period, while an annuity due involves payments are made at the <u>beginning</u> of each period. For example, consistent quarterly stock dividends are an ordinary annuity just as monthly rent is an annuity due.

<h3>Data and Calculations:</h3>

a. $300 per year for 16 years at 6%

b. $150 per year for 8 years at 3%

c. $700 per year for 8 years at 0%

d. Present value of $300 per year for 16 years at 6%

e. Present value of $150 per year for 8 years at 3%

f. Present value of $700 per year for 8 years at 0%

Learn more about annuity at brainly.com/question/25792915

6 0

2 years ago

Risoner Company plans to purchase a machine with the following conditions: Purchase price = $300,000. The down payment = 10% of

ser-zykov [4K]

Answer:

$62,160

Explanation:

Given:

Purchase price = $300,000

Down payment = 10% of purchase price = 0.1 × $300,000 = $30,000

Thus,

the cumulative amount to be financed = $300,000 - $30,000 = $270,000

The present value of an annuity of $1 per year for 8 years at 16% = $4.3436

Now,

Annual payment

= ( Cumulative Amount financed ) / ( Cumulative PV factor at 16% for 8 years)

= $270,000 / 4.3436

= $62,160.42

≈ $62,160

8 0

4 years ago

In the context of operational plans, which of the following is a difference between single-use plans and standing plans?a. Singl

musickatia [10]

Answer:

d. Single-use plans are operational plans, whereas standing plans are tactical plans.

Explanation:

Standing plans are prepared for the entire organization aiming to achieve the organizational goals, thus, prepared by top level management, and is not changed after it is prepared.

Whereas the single-use plans are prepared by the lower level management for achieving daily targets and thus, changes every day, the plan is for operational purposes and do not involve any tactics.

Whereas the standing plans include all the tactical steps to achieve the organizational goals.

4 0

3 years ago

Read 2 more answers