Answer:
Read the explanation below
Explanation:
Dollar-cost averaging is based on the belief that prices of stock fluctuate around a normal level. Without this notion, it will not be possible to determine what can be seen as high or low now compared to the future.
The benefits of Dollar Cost Averaging attracts investors to employ. These benefits include:
1. It contributes on a regular basis to portfolios of investment.
2. The problem of market timing is eliminated especially for investors do not have time to track the market regularly or who lack the understanding of the market.
3. The cost basis to consumers on stocks whose values decline are is reduced.
4. It is easy to set up and not expensive especially for investors with no huge amount of money to invest. Like the example in the question, it easier for a salary earner to invest $500 monthly than investing $5,000 in a day.
Despite these advantages, dollar-cost averaging has its own disadvantages, and these include:
1. It has been found out in different studies that investor that can time the market correctly and invest a lump sum amount receive a higher return in the long run than what dollar-cost averaging can fetch.
2. The transaction costs paid by the investors significantly increased because of more number of different transactions when brokerage fee is high.
I wish you the best.
Answer:
The amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.
Explanation:
This can be calculated using the following formula:
Amount to report in income statement for 2020 = Number of employees * Hourly wages in 2020 * Number of hours worked daily * Vacation Days Earned by Each Employee .......................... (1)
Where;
Number of employees = 500
Hourly wages in 2020 = $25
Number of hours worked daily = 8
Vacation Days Earned by Each Employee = 20
Substituting the values into equation (1) we have:
Amount to report in income statement for 2020 = 500 * $25 * 8 * 20
Amount to report in income statement for 2020 = $2,000,000
Therefore, the amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.
Answer:
$21,000
Explanation:
The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,
30*50 = 1500.
Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:
30*50*14 = 21000.
Hope this Helps.
Goodluck.
High <u>debt to owner's equity ratio. </u>
This is total liabilities divided by total assets and shows a company's financial leverage, also known as their ability to handle current and future financial obligations.
Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
<h3>What is procurement?</h3>
Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.
Procurement give account of all the logistics involved and the materials bought.
Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
Learn more on procurement below
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