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Ad libitum [116K]
2 years ago
7

You are planning to make monthly deposits of $500 into a retirement account that pays 6 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 40 years
Business
1 answer:
liberstina [14]2 years ago
7 0

Answer:

$995,745

Explanation:

PV = $0

PMT = $500

I/YR = 6

P/YR = 12

N = 40 x 12 = 480

your retirement account be in 40 years will be $995,745

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour
Xelga [282]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials: 5 pounds at $8.00 per pound $40.00

The planning budget for March was based on producing and selling 25,000 units.

<u>a)</u>

<u>The material cost included in the planning budget is the standard cost multiplied for the budgeted production.</u>

<u></u>

Direct material requiered= 25,000*5= 100,000 pounds

Standard cost per pound= $5

Direct material budget= 100,000*5= $500,000

b)

<u>The raw material's flexible budget adapts to the actual production level.</u>

Direct material flexible budget= standard cost*actual material used in production

Direct material flexible budget= 5*160,000

Direct material flexible budget= $800,000

<u>c)</u>

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5 - 7.5)*160,000

Direct material price variance= $400,000 unfavorable

6 0
2 years ago
Which of the following is the most common type of business in the US?
Snezhnost [94]
There is no following, you didn’t supply the choices.

Step to step answers
3 0
2 years ago
Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would a sudden
liberstina [14]

An economic depression is when the price of the goods in the market is decreasing. Your income will be less as the prices of the goods are low

8 0
2 years ago
Read 2 more answers
Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quali
babymother [125]

Answer:

The most effective advertising is very expensive and, therefore, wasteful.

Explanation:

In order for something to be considered economically wasteful it must use and dispose money carelessly.

Therefore options:

  • Advertising provides consumers with price and quality information about products.
  • Advertising manipulates people's tastes and can reduce competition.

Do not apply since the options do not consider the costs of advertisement.

The only option that considers the cost of advertisement is: The most effective advertising is very expensive and, therefore, wasteful. It refers to the high costs of effective advertisement, and it implies that the money is not used carefully.

5 0
2 years ago
Which of the following should be accounted for in an enterprise fund?Light poles to be paid for in installments by affected prop
Gennadij [26K]

Answer:

correct option is C. $1,250,000

Explanation:

given data

Light poles = $350,000

cost reimbursement = $65,000

electric power to residents = 1,250,000

to find out

which statement accounted for in an enterprise fund

solution

statement accounted for in an enterprise fund is here

    particular                                                amount

Equipment used for supplying                  $1250000

electric power to residents

enterprise fund                                          $1250000

so correct option is C. $1,250,000

8 0
2 years ago
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