Answer:
The correct answer is A. Both Laura and Cassie are correct.
Explanation:
Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:
700 x 1.06 = 742
700 x 1.03 ^ 2 = 742.63
Therefore, both Laura and Cassie are correct in their claims.
A market product growth strategy focuses on increasing sales of the firm's current products to its current target markets.
A product growth strategy increases sales looking all the prospects of the department rather than focus on only one department of the firm. It develops the firms production process in all aspects.
The strategy is made and planned according to the current market conditions to achieve its desired targets and get the maximum profit out of the production process that is taking place in the firm which in turn increase sales of the firm by increasing consumers demand.
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Tech A says that packing a wheel bearing assembly can be done by hand with proper results. Tech B says that packing a wheel bearing assembly with a bearing packer will get the proper results. The two statements are right. This is further explained below.
<h3>What is a wheel bearing?</h3>
Generally, the wheel bearing is simply defined as an important component of a vehicle's braking, steering, and suspension systems.
In conclusion, The one-piece hub assembly is located between the drive axle and the brake disc.
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Answer:
2016: $300 million; 40%; $60 million
2017: $450 million; 60%; $90 million
Explanation:
Total costs:
= Costs incurred in 2016 + Costs incurred in 2017
= $240 + $360
= $600
In 2016:
Percent of total excepted costs:
= Costs incurred in 2016 ÷ Total costs
= $240 ÷ $600
= 0.4 or 40%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.4 × $750 million
= $300 million
Income = Revenue recognized - Costs incurred in 2016
= $300 million - $240 million
= $60 million
In 2017:
Percent of total excepted costs:
= Costs incurred in 2017 ÷ Total costs
= $360 ÷ $600
= 0.6 or 60%
Revenue recognized:
= Percent of total excepted cost × Contract price
= 0.6 × $750 million
= $450 million
Income = Revenue recognized - Costs incurred in 2017
= $450 million - $360 million
= $90 million
Other part of question attached
Answer and Explanation:
Answer and explanation attached
