Small scale business society can nurture entrepreneurial skills in children
Answer:
increased
Explanation:
Data provided in the question:
Price of a gallon of gasoline in 1972 = $0.35
CPI in 1972 = 0.418
Price of a gallon of gasoline in 2005 = $2.25
CPI in 2005 = 1.68
Now,
Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]
= $0.35 ÷ 0.418
= $0.837
Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]
= $2.25 ÷ 1.68
= $1.34
Hence,
The price of gallon of gasoline increased between 1972 and 2005
Answer:
(A) Payback period for the machine= 3.5 years
(B) Simple rate of return for the machine= 87.5%
Explanation:
Alesu corporation is considering purchasing a machine that would cost $283,850
The useful life is 5 years
The machine would reduce cash operating costs by $81,100 per year
The salvage value is $107,100
(A) The payback period for the machine can be calculated as follows
= cost/amount of cash flow
= 283,850/81,100
= 3.5 years
(B) The simple rate of return for the machine can be calculated as follows
First we calculate the depreciation expense
= 283,850-107,100/5
= 176,750/5
= 35,350
Annual incremental income= cost savings -depreciation expenses
= 283,850-35,350
= 248,500
Simple rate of return = annual incremental income/cost × 100
= 248,500/283,850 × 100
= 0.875 × 100
= 87.5%
An agency that offers accreditation for health-oriented websites is URAC.
UARC promotes a continuous development in the quality and efficiency of healthcare management through the process of accreditation, education, and measurement. It is a non-profit organization that under the name of Utilization
Review Accreditation Commision in 1990.
Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct Materials, Direct Labor, Variable Overhead and Total Fixed Overhead.
How are additional product costs specified?
Product costs are often referred to as "inventory costs" or "manufacturing costs." Permanent costs: - Selling and administrative costs. These costs are reflected in the income statement as incurred.
Is the product costs advertised?
Sales commissions, administration fees, advertising and marketing, and office space rentals are all recurring fees. These charges are not covered as part of the cost of purchased or synthetic items, but are recognized as charges in the profit and loss account for the period in which they are incurred.
Is the rental the product costs?
When a manufacturer leases its manufacturing equipment and systems, the lease is the product costs (rather than the price of length). In other words, the rent is protected against the manufacturing overheads assigned to the manufactured product.
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