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m_a_m_a [10]
2 years ago
8

ayton Inc. reports in its Year 7 annual report, sales of $7,362 million and cost of goods sold of $2,945 million. For next year,

you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for Year 8 will be:
Business
1 answer:
maks197457 [2]2 years ago
3 0

Answer: $2,974.45 million

Explanation:

Cost of goods sold for Year 7 = $2,945 million

Cost of goods sold is expected to increase by 1%.

Cost of goods sold in Year 8 will be:

= 2,945 * (1 + 1%)

= $2,974.45 million

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In the _____ way of knowing things, people hold firmly to some belief because some respected official, agency, or source has sai
NeTakaya

Answer:

Letter B is correct.<u> Method of authotity.</u>

Explanation:

The method of acquiring knowledge by authority is one of the most widespread ways of obtaining knowledge in society. It is characterized as the implementation and learning of a new idea or belief because some authority figure affirmed a certain concept as true, which ensures greater reliability. and acceptance. As examples of authorities, we can mention: doctors, teachers, bosses, government, parents and others.

But in an ideal scenario it is important to analyze what methods and sources the authority figures have determined for a conclusion about something, one should seek to exercise critical sense to rationalize the beliefs and decisions that are imposed as truth. .

3 0
2 years ago
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
kifflom [539]

Answer:

P₀ = $12.23

Explanation:

Div₃ = $1.25

Div₄ = $1.65

Div₅ = $2.178

Div₆ = $2.30868

first we must calculate the terminal value using the dividend discount model = $2.30868 / (17% - 6%) = $20.988

now we must discount all the future dividends + terminal value

P₀ = $1.25/1.17³ + $1.65/1.17⁴ + $2.178/1.17⁵ + $20.988/1.17⁵ = $12.23

5 0
3 years ago
The East Asian financial crisis of the 1990s: Showed how trade partners are unreliable Made countries stop investing in China si
FromTheMoon [43]

Answer:

The East Asian Financial Crisis of the 1990s:

Was associated with moral hazard and fixed exchange rates.

Explanation:

The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand.  The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries.  The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997.  And the consequences and lessons now remain Economics and History topics.

7 0
3 years ago
During a recent lengthy strike at Morell Manufacturing Company, management replaced striking assembly line workers with office w
Jobisdone [24]

Answer: D) Favorable Unfavorable

Explanation:

To begin, it is worthy of note that in Variance, if something is said to be Favourable, it means a negative Variance because less resources than planned were spent. When it is Unfavourable, it means a positive balance variance.

Now, The formula for Labour Rate Variance is as follows,

LABOUR RATE VARIANCE=(ACTUAL RATE-STANDARD RATE)*ACTUAL HOURS WORKED

Seeing as the old workers were being paid $18, and the new office ones were paid $10, we can see that to be the actual rate was less than the standard rate. This would mean that there was a FAVOURABLE balance.

Labour Efficiency is calculated in a similar way,

LABOUR EFFICIENCY VARIANCE=(ACTUAL HOURS WORKED-STANDARD HOURS)*STANDARD RATE.

Now, these are Office workers not assemblyline workers. They do not have the experience to work in such a way that they produce as fast or as efficiently as their striking Assemblyline colleagues.

This would then mean that their actual hours will be MORE than the standard rate which can only lead to an UNFAVOURABLE BALANCE.

3 0
3 years ago
A budget is a system that _____.
never [62]

Answer:

A.

keeps track of money that is earned and spent

Explanation:

B.

helps people make more money is incorrect, because a budget is not always a good thing- I can budget 7 million dollars for a new house, but that doesn't necessarily change the fact I won't be able to pay it off ever.

C.

moves money from a checking account to a savings account-

this is not always the case, and a budget itself won't move the money, but this may be an aspect of a budget.

D.

helps automatically pay bills-

It helps pay bills, just not automatically.

Therefore, by the process of elimination, the answer is A.

3 0
3 years ago
Read 2 more answers
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