Your godmother put $2,000 in a trust fund for you. In 10 years the fund will be worth $5,000. 9.60% is the rate of return on the trust fund.
FV = Future Value
PV = Present Value
r = rate of interest
n= no of period
FV/ PV = (1 + r )^n
5000/2000 = (1 + r%)^10
2.5 = (1 + r%)^10
r = 9.60%.
The rate of return is the net profit or loss of an investment over a period of time, expressed as a percentage of the original cost of the investment. 1 When calculating the rate of return, find the percentage change from the beginning of the period to the end of the period.
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Answer:
D. unanswered Sales revenue at split-off point.
Explanation:
Product contribution margin is the economic term used to describe a situation where a product sold generates revenue large enough to pay for all its production and distribution costs and expenses and still generate a profit for the company. In other words, this term refers to the money that is left over from the revenue generated from the sale of the product, after all of your production expenses have been paid. Sales revenue not being answered at the point of separation.
Answer: D.) Stories are most effective at communicating corporate culture when they describe real events with real people
Explanation: Organizational stories Amy be explained as detailed narrations of events, happenings and occurrences which an organization has experienced in the past. These narrations could include all the organization has been involved in, including organizational structure, management strategy and tactics, changes and enhancement of adopted standards and so on. In general organization stories describe cultural changes or evolution using real events that have occurred in the past.
Answer:
$420,000
Explanation:
The estimated cost of inventory is calculated as;
= (Beginning inventory at cost + purchases at cost ) ÷ (Beginning inventory at retail + Purchases at retail)
= ($360,000 + $900,000) ÷ ($750,000 + $1,350,000)
= 0.60; ($2,100,00 - $1,400,000) × 0.60
= $420,000
Therefore, the estimated cost of the ending inventory is $420,000