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If you borrow money to purchase car, you could pay two times a month to lowers your payments.
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Underground economy refers to the illegal trade of goods and
services because it does not comply with the government’s policy of reporting
necessary requirements. An example of this is smuggling of goods and
prostitution. If there is an increase in the income tax rates, the underground
economy will continue to grow and tax evasion may be rampant. It is because
some people would avoid in their duty of paying right amount of taxes and
prefer to earn more money.
Answer:
The correct answer is letter "C": Each batch of production, known as a job or lot.
Explanation:
Job order cost systems are used to accumulate the cost per unit of items that are different enough, each one having significant costs. Under this costing system each item produced is given its direct material costs, labor costs, and overhead. Clothing, food, and aircraft manufacturing companies use the job order cost system.
<em>Unitary costs are accumulated per batch of productions under this type of costing system.</em>
Answer:
The $600,000 amount is required to financing so that the cash conversion cycle can be supported
Explanation:
For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:
Cash conversion cycle = Average age of inventory + Average collection period - average payment period
= 65 + 60 - 65
= 60 days
Now, we have to apply the financing formula which is shown below:
= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year
= $3,650,000 × 60 days ÷ 365
= $3,650,000 × 0.16438
= $600,000
Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported
Answer:
Mike's return for the net worth of the year is 22.00%
Explanation:
Total Net Worth = Assets - Liabilities
In the start,
• Net Worth = 600,000 - 200,000 = 400,000
At end of year,
• Net Worth = 700,000 - 180,000 = 520,000
The Contribution made (During the year) = 27,000 + 5,000 = 32,000
Therefore,
Return on the Net Worth = ( 520,000 - 32,000 ) / 400,000 - 1 = 22.00%
