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atroni [7]
2 years ago
14

What is the step by step process of making money in the united states?

Business
1 answer:
brilliants [131]2 years ago
6 0
First you go to the bank and then you get a job
You might be interested in
Gale Corporation manufactures windsocks. The business recently decided to adopt an ABC system. The following activities have bee
solniwko [45]

Answer:

$270,000

Explanation:

The first step is to calculate the overhead cost of the material handling parts

Since each wind stock require 3 parts then the overhead cost can be calculated as follows

= 3 × 20,000

= 60,000

The overhead cost of machining hours can be calculated as follows

Since 5 minutes is spent in the machining department then overhead cost is

= 5× 20,000

= 100,000

The overhead cost of packaging number of finished units can be calculated as follows

= 2 × 20,000

= 40,000

Total overhead cost= 100,000 + 60,000 + 40,000

= 200,000

The total cost of direct materials and labor can be calculated as follows

= 3.5 × 20,000

= 70,000

Therefore the total cost of producing 20,000 windstocks is

= Total overhead cost + total cost of direct materials and labor

= 200,000 + 70,000

= $270,000

Hence the total cost of producing 20,000 windstocks is $270,000

5 0
3 years ago
Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called
mylen [45]

Answer:

$1,500

Explanation:

The computation of the firm operating income is shown below:

= Sales - operating cost other than depreciation - depreciation expenses

= $9,000 - $6,000 - $1,500

= $1,500

We simply deduct the operating cost and the depreciation expenses from the sales revenue amount to find out the earnings before income and taxes (EBIT) or firm operating income

6 0
2 years ago
Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How muc
diamong [38]

Answer:

$50,258.

Explanation:  

According to the scenario, computation of the given data are as follow:-

We can calculate the deposit amount at the end of 15 years by using following formula:-

Deposit Amount per year(PMT) = $2,000

Interest rate = 7% = 0.07

Deposit year (n) = 15 years

Future value(FVIFA) = PMT × [{(1 + interest rate)^number of years - 1} ÷ interest rate]

= $2,000 × [{(1 + 0.07)^15 - 1} ÷ 0.07]

= $2,000 × [{2.7590315 - 1} ÷ 0.07]

= $2,000 × [1.7590315/0.07]

= $2,000 × 25.129022

= $50,258

According to the analysis total deposit at the end of the year is $50,258.

         

5 0
2 years ago
Malko Enterprises’ bonds currently sell for $1,050. They have a 6-year maturity, an annual coupon of $75, and a par value of $1,
scoundrel [369]

Answer:

Current yield = 7.14%

Explanation:

As we know that: current yield = Annual coupon payment/Current market price of bond

                                    = 75/1050

                                    = 7.14%

this rate represents for an investor would expect to earn because face vale and market price of bonds differs so the investor much rely on that factor.

6 0
2 years ago
Why do firms assess their sourcing capabilities?a. They can easily spot suppliers who are not practicing sustainable sourcing pr
Alexus [3.1K]

Answer:

The answer is c. They can gauge their success in improving their own value-enhancing contributions to the firm

8 0
3 years ago
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