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4 years ago

Which of the following statements concerning ideal standards is incorrect?

Business

1 answer:

lbvjy [14]4 years ago

8 0

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

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You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for you

kati45 [8]

Answer:

The answer is 16 years.

Explanation:

The formula for calculating the value of an investment that is compounded annually is given by:

$V(n)=(1+R)^nP$

Where:

$n$ is the number of years the investment is compounded,

$R$ is the annual interest rate,

$P$ is the principal investment.

We know the following:

$25000=(1+0.06)^n \times 10000$

And we want to clear the value n from the equation.

The problem can be resolved as follows.

First step: divide each member of the equation by $10,000$ :

$\frac{ 25000}{10000}=(1+0.06)^n \times \frac{ 10000}{10000}$

$2.5=(1.06)^n$

Second step: apply logarithms to both members of the equation:

$log(2.5)=log (1.06)^n$

Third step: apply the logarithmic property $logA^n=n.logA$ in the second member of the equation:

$log(2.5)=n.log (1.06)$

Fourth step: divide both members of the equation by $log1.06$

$\frac{log(2.50)}{log (1.06)} =n$

$n= 15.7252$

We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.

6 0

3 years ago

Assume that, on January 1, 2021, Matsui Co. paid $1,795,200 for its investment in 74,800 shares of Yankee Inc. Further, assume t

mixas84 [53]

Answer: $1,852,320

Explanation:

First find out the proportion owned by Matsui.

= 74,800 shares / 220,000

= 34%

The investment at the end of the year is:

= Cost of investment + Shares of net income - Share of dividend

Share of income:

= Percentage ownership * Net income

= 34% * 240,000

= $81,600

Share of dividend:

= 34% * 72,000

= $24,480

Investment at end of year:

= 1,795,200 + 81,600 - 24,480

= $1,852,320

8 0

3 years ago

Soon after Jeff was hired as a company accountant, his company developed corporate programs to help improve self-confidence and

krek1111 [17]

Answer:

True (early 1980s)

Explanation:

5 0

4 years ago

Suppose in the short run a firm’s production function is given by Q = L 1 2 K 1 2 and that K is fixed at K = 10. If the price of

Furkat [3]

The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33

Solution:

The production function is Q = $\sqrt{L * K}$

The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.

Q = $\sqrt{L * K}$

Q = $\sqrt{L * 10}$

L = $(\frac{Q}{3.162} )^{2}$

The wage rate is $15 . The following is the expense of the manufacturing process.

TC = $P_{L} * L + P_{K} * K$

TC = $( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]$

The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.

As listed below, the marginal cost:

TC = $( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]$

MC = $\frac{TC}{Q}$ = $\frac{2Q}{3}$

MC = $\frac{2*50}{3}$ = 33.33

6 0

3 years ago

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs?

emmasim [6.3K]

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.

4 0

3 years ago