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3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

bogdanovich [222]3 years ago

4 0

Answer:

B) The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales

Explanation:

Forecasting can be regarded as initial step in process of financial planning.

It should be noted that The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales

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What's the appropriate response to receiving a talk about breaking a rule?

Marizza181 [45]

Answer:

Listen, dont be disrespectfull, and learn from it

Explanation: Dont dig a deeper hole

5 0

3 years ago

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is calle

Stella [2.4K]

Answer: Sunk cost

Explanation:

A sunk cost is a cost that an individual, firm or the government has already incurred and therefore can't be recovered anymore.

For example, marketing campaign expenses, rent or the money that is spent on purchasing new equipment can all be referred to as sunk costs as they are past cost and can't be recovered again.

3 0

3 years ago

Cindy Medavoy will invest $7,990 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tab

Rudik [331]

Answer:

The correct answer for future value if first payment occur today is $449,645.24 and if first payment occur at the end of year is $408,761.13.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt) = $7,990

Rate of interest (r) = 10%

Time (n) = 19 years

So, we can calculate the future value by using following formula:

Future Value ( if payment occurs today) :

FV = Pmt (((1+r)^n - 1) ÷ r) x (1+r)

By putting the value:

= $7,990 ((( 1+ 0.10)^19 -1) ÷ .10) × ( 1 + 0.10)

= $7,990 ( 51.16) × ( 1.10)

= $449,645.24

Future Value ( if payment occurs at the end of year):

FV = Pmt x ((1+r)^n -1)) ÷ r)

= $7,990 ((1 + 0.10)^19 -1) ÷ 0.10)

= $7,990 × 51.16

= $408,761.13

4 0

3 years ago

Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11

Galina-37 [17]

Answer:

Prime cost = $94,000

Conversion cost = $135,400.

Explanation:

Prime cost is the addition of direct material cost , direct labor cost and direct expenses.

Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.

For Bento Engineering,

Prime cost = direct labour cost (since no figure is given for direct material and direct expenses.)

Prime cost = $94,000

Conversion cost = Direct labour cost + overheads

Conversion cost = $94,000 + 126,000

= $135,400.

Prime cost = $94,000

Conversion cost = $135,400.

8 0

3 years ago

Why isn't marketing given a place of importance in the organizational hierarchy?

Tpy6a [65]

Answer:It is true that in many organization marketing does not have a place of importance in the organizational hierarchy as spending on marking cuts on their profit making. These firms need no marketing strategies as they are on regional or street or local level. Theses are small business. The customer base of these firms is near by public. These firms don’t work to reach far away customers

Explanation:

4 0

2 years ago