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s344n2d4d5 [400]
3 years ago
6

Find the accumulated value of $ 740 at the end of 7 years using a nominal annual rate of interest of 6 % compounded quarterly.

Business
1 answer:
GaryK [48]3 years ago
5 0

Answer:

$1122.74

Explanation:

We are to find the future value of $740

The formula for calculating future value:

FV = P (1 + r/m)^nm

FV = Future value  

P = Present value  

R = interest rate  = 6

N = number of years = 7

m = number of compounding = 4

$740 x (1 + 0.06/4)^7x4 = $1122.74

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Return on investment, residual income, and economic value added ______. always lead managers to make decisions that are in the b
FromTheMoon [43]

Answer:

are all lagging measures of performance

Explanation:

Return on investment, residual income, and economic value added are all lagging measures of performance.

When it comes to divisional performance measures, Return on investment (ROI), residual income (RI), and economic value added (EVA) are all lagging measures of performance they link objectives with performance and present a common basis on which all divisional or branch managers in a decentralized organization, are measured.

A lagging indicator of performance is any measurable or observable variable (performance), that changes after a change has occurred in a target variable (returns).

Hence these methods are lagging methods because a manager can only be said to have performed when such manager has generated returns, revenue or economic value.

4 0
3 years ago
Which of the following must be true in order for materials to be classified as direct materials? a.They must be an integral part
inysia [295]

Answer:

a. They must be an integral part of the finished product and be a significant portion of the total product cost.

Explanation:

The Direct material is supply which is consumed during the production of a product. The direct material should be an integral part in the finished good. Consumables are not direct material. To become direct material the raw supplies should be a significant portion of the total cost. There is no direct material in a service business. The finished product should contain the direct material and the material must be an integral part of the final product.

3 0
4 years ago
Robin Brothers works for a winery that sells to restaurants through distributors. She knows the types of wine her company sells
qaws [65]

Answer:

A missioniairy salesperson

Explanation:

Missionary selling is a form of personal sales in which the salesperson provides information to an individual who will influence the purchase decision. This is an indirect sales technique; the goal is not to close a sale, but merely to get information into the hands of a key decision-maker. Robin is providing information to restaurants in order to "Help Them" to buy her company's wine.

3 0
4 years ago
Medusa Products uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginn
goblinko [34]

Answer:

1. $2.50

2. $8,855.00

Explanation:

1. The computation of the company's predetermined overhead rate is shown below:-

1. Predetermined Application rate = Manufacturing overhead costs ÷ Machine hours

= $215,000 ÷ 86,000

= $2.50

2. The computation of the amount of underapplied or overapplied overhead for the year is shown below:-

Actual application  = Manufacturing overhead costs ÷ Machine hours

= $210,000 ÷ 80,500

= 2.61

Now the under absrobed is

= 2.61 - 2.50

= 0.11

Now the under overhead is

= 80,500 × 0.11

= $8,855.00

8 0
3 years ago
Charles and Irene are editors at a content development firm. Both of them, unknowingly, are working on the same copy of the annu
Lorico [155]

Answer:

lost-update program

Explanation:

lost-update program is problem that occurs in database system when two different data or transaction are simultaneously saved on the same column and on the same row within a database. This conflict results to the loss of the first part of the saved data because it will be overwritten by the other different data for transaction.

From the question, Charles and Irene are working on the same copy of data, Charles's data overwrite Irene's leading to what is known as lost-update program

4 0
3 years ago
Read 2 more answers
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