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aleksandrvk [35]
3 years ago
5

In Finance, _____ because _____. getting a return below your required return is OK; at least you are getting a return Cash is Ki

ng; it is the only thing you can spend or invest investing in a projet in which not everyone is repaid his investment is OK; at least everyone is paid something
Business
1 answer:
alexandr1967 [171]3 years ago
3 0

Answer:  Cash is King; it is the only thing you can spend or invest

Explanation:

Finance is all about cash. Its all about getting cash from those who have it to those who need it so that the latter can invest and earn returns for both them and the people who invested the cash.

Simply put therefore, cash is king in finance. It is the only thing that can be invested so that one gets a return or can be spent so that one's needs are fulfilled. Indeed the term finance means the provision of cash which is why the field is so important. It is safe to say that there can be no economic growth without finance.

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Presented below is pension information for Company Y for 2021.
iren [92.7K]

Answer:

The Amount of pension expense is $195,000

Explanation:

The computation of the amount of pension expenses reported is shown below:

Service cost    $150,000

Interest on projected benefit obligation  63,000

Amortization of prior service $54,000

Less: Expected return on plan assets  -$72,000

The Amount of pension expense is $195,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Which term refers to selling commodities of similar grade and quality to two or more different buyers at different prices, withi
iren2701 [21]

Answer:

Price discrimination

Explanation:

Price discrimination is a method used by various firms; it is a selling system that charges clients different costs for similar items. They charge clients different prices and the prices depend on whatever the customer can pay. In unmodified price discrimination, the dealer charges every client the most extreme value the individual customer can pay. Under the Robinson-Patman Act of 1936, it is illegal to sell the same quality of products at different prices.

8 0
4 years ago
What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional
kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

8 0
3 years ago
uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) w
lisov135 [29]

Answer:

The ending inventory value at cost is ($100,000)

Explanation:

To calculate the cost of ending inventory using the retail inventory method, we need to know:

  • The cost-to-retail percentage = COGS/ sales during current year  = (sales – net markup)/sales = ($2,500,000-$200,000)/$2,500,000 = 92%
  • The cost of goods available for sale= Cost of beginning inventory + Cost of purchases = $200,000 + $2,000,000 = $2,200,000
  • The cost of sales during the period = Sales × cost-to-retail percentage = $2,500,000 x 92% = $2,300,000
  • The ending inventory = Cost of goods available for sale - Cost of sales during the period = $2,200,000 - $2,300,000 = ($100,000)
4 0
4 years ago
Nelter Corporation, which has only one product, has provided the following data conceming its most recent month of operations:
mixer [17]

Answer:

<u>Part a</u>

Nelter Corporation

Contribution format income statement for the month using variable costing

Sales ($108 x 3,000)                                                                       $324,000

Less Cost of Sales                                                                          ($138,000)

Contribution                                                                                     $186,000

Less Expenses

Fixed manufacturing overhead                               $64,530

Fixed selling and administrative                               $9,000

Variable selling and administrative (14 x 3,000)    $42,000        ($115,530)

Net Income (loss)                                                                              $70,470

<u>Part b</u>

Nelter Corporation

Income statement for the month using absorption costing

Sales ($108 x 3,000)                                                                       $324,000

Less Cost of Sales                                                                          ($219,000)

Gross Profit                                                                                      $105,000

Less Expenses

Fixed selling and administrative                               $9,000

Variable selling and administrative (14 x 3,000)    $42,000        ($51,000)

Net Income (loss)                                                                             $54,000

Explanation:

<u>Calculation of Ending Units</u>

Beginning Inventory                 955

Add Production                      2,390

Total Available for Sale         3,345

Less Sales                             (3000)

Ending Inventory                      345

<u>Variable Costs Calculations</u>

Product Cost  = Variable Manufacturing costs

                        = $25 + $20 + $1

                        = $46

Cost of Sales = units sold x product cost

                       = 3,000 x $46

                       = $138,000

<u>Absorption Cost Calculation</u>

Product Cost  = Variable Manufacturing costs

                        = $25 + $20 + $1 + ($64,530 / 2,390)

                        = $25 + 20 + $ 1 + $27

                        = $73

Cost of Sales = units sold x product cost

                       = 3,000 x $73

                       = $219,000

8 0
3 years ago
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