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3 years ago

When budgets are used for control,

Business

1 answer:

ladessa [460]3 years ago

5 0

Answer:

(C) actual amounts from different years are compared.

Explanation:

Budgets are used for control. To compare the performace is necessary to have a same period, with almost the same characteristics and evaluate the actual performance. In sales for example, the bussineses has different seasons around the year, and because some sociodemographic reasons.

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To save money for his daughter's college tuition, Dan invests every quarter in an annuity that pays interest, compounded quarter

meriva

The question is incomplete. The complete question is :

To save money for his daughter's college tuition, Dan invests $269 every quarter in an annuity that pays 6.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 20 years.

Solution :

Given :

Annuity = $ 269

Compounded quarterly for 20 years, so N = 4 x 20 = 80

Rate of interest = $\frac{6.90 \%}{4}$

= 1.725 %

We know Future value of the annuity is given by :

$FV= \text{Annuity} \times \frac{(1+R)^{N-1}}{R}$

$FV= \text{269} \times \frac{(1+1.725\%)^{80-1}}{1.725\%}$

$=269 \times 169.762413$

= 45666.09

So the total value of he annuity is $45,666.09

7 0

2 years ago

All of the following statements about the geography of meat production in the United States and Canada are true EXCEPT:

Softa [21]

Answer:

All of the following statements about the geography of meat production in the United States and Canada are true EXCEPT: Consumer demand for organic foods has significantly decreased the amount of meat produced by most agribusiness firms.

Explanation:

Organic foods are grown without the use of synthetic additives like fertilizer and pesticides for plants, antibiotics and growth hormones for animals.

Consumer demand for organic products due to its health benefits has not significantly decreased the amount of meat produced by most agribusiness firms. Instead, it has created another lucrative business niche for meat production corporations.

Organic foods are now being produced to meet the demand for it along side with those that are not organic.

There is however a higher charge associated with organic foods.

8 0

3 years ago

What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years?

fiasKO [112]

Answer:

$101,385

Explanation:

The question is incomplete. The complete question can be found here- https://www.chegg.com/homework-help/questions-and-answers/present-value-10-equal-payments-16-500-made-end-year-next-10-years-annual-interest-rate-10-q41891258

Here is the complete question - What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years? The annual interest rate is 10%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.

The present value of cash flow can be found by discounting the present value of the cash flow by 10%

This can be found using a financial calculator:

Cash flow for year 1 - 10 = $16,500

I =10%

Present value = $101,385

I hope my answer helps you

6 0

3 years ago

The ultimate goal of JIT is to have:__________.

sineoko [7]

Answer:

The correct answer is (A)

Explanation:

JIT stands for just in time; it is a process which is used to handle and coordinate the inventory management. The main goal is to handle the inventory efficiently to improve the flow of the system in a timely manner and to eliminate discrepancies in the inventory management system. Overall, it helps to eliminate the disruption and to make the system flexible and smooth.

8 0

3 years ago

ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they

Anna71 [15]

Answer:

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary + budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit = Fixed cost ÷ Contribution margin per unit .......................1

salesman sell before contributes anything to manufacturing overhead and profit = $\frac{40000}{21.6}$

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

5 0

3 years ago