Answer:
Build more factories, Expand the size of current factories, Use cheaper materials
Explanation:
Long run is not a precise period of time thereby meaning it could span from a year to eternity, which is adequate time to plan and grow. Building more factories will increase the growth in size for the capacity for more production as well as expanding the size of the current factories. Due to the fact that there is a constraint of production capacity the company should look for alternatives in production technology in the long run so as to reduce cost of materials but with the same production quality.
Answer:
- <u><em>d) increases as the interest rate decreases.</em></u>
Explanation:
<em>Present value</em> is the value today; future value is the value some time in the future.
The mere notion of the value of money in time should tell you that, further away in time (towards the future) a sum of money is found, the lower its value today.
Then, you should be able to rule out some propositions that are contrary to that intuition:
- a<em>) decreases as the time period decreases</em> ↔ clearly false: the present value increases as the time period decreases
- <em>e) is directly related to the time period</em>. ↔ clearly false: the present value is inversely related to the time period.
How is the present value related to the future value?
They are directly related: the higher a lump sum in the future the higher the value of it in the present; more money is more money always. More money in the future has more value in the present; less money in the future has less value in the present. Thus, the option <em>b). is inversely related to the future value</em> is false
How is the present value related to the interest rate?. Which one is true?
- c) is directly related to the interest rate, or
- d) increases as the interest rate decreases
The present value is calculated discounted the future value at the interest rate. The interest rate is in the denominator of the equation to pass from future value to present value. Thus, they are inversely related (c is false); the less the interest rate, the higher the present value of a future amount (confirm d is true).
Therefore, the correct answer is that <em>the present of a lump sum future amount: </em><em><u>d) increases as the interest rate decreases.</u></em>
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Answer: A. True
B. True
C. False
Explanation:
A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.
Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.
B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.
C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.
Answer:
A. Set meters is the correct answer.
Explanation:
Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
Raw materials inventory $90,000
To Cash $90,000
(Being the raw material is purchase for cash is recorded)
Factory overhead $17,000
Raw materials inventory $17,000
(Being the factory supplies is recorded)
Work in process inventory $66,100
Raw materials inventory $66,100
(Being the work in process is recorded)
Only these three entries are to be recorded)