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3 years ago

Time lines can be constructed for annuities where the payments occur at either the beginning or the end of the periods.

Business

1 answer:

soldi70 [24.7K]3 years ago

6 0

Answer:

A. True

Explanation:

In the case when the payment is arise or occur either at the starting of the period or at the closing of the period, so the time line could be constructed for the annuities purpose

Therefore the given statement is true

That means the given statement cannot be false

Hence, the correct option is a.

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Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/19, net 60. Mr. Warner never takes t

vekshin1

Answer:

35.92%

Explanation:

The computation of cost of not taking the cash discount is shown below:-

Discount percentage ÷ (100 - Discount percentage) × (360 ÷ (Full Allowed Payment Days - Discount Days))

= 3% ÷ 97% × 360 ÷ (50 - 19)

= 3% ÷ 97% × 360 ÷ 31

= 0.03093 × 11.61290

= 0.359187

= 35.92%

Therefore for computing Mr. Warner's cost of not taking the cash discount we applied the above formula.

3 0

2 years ago

Betsy Strand’s regular hourly wage rate is $24, and she receives an hourly rate of $36 for work in excess of 40 hours. During a

melamori03 [73]

<h3>Betsy’s gross earnings for January period is $1,140 </h3><h3>Betsy’s net pay for January period is $966.79 </h3>

Explanation:

Betsy Strand’s regular hourly wage rate = $24
Betsy Strand’s hourly rate for work in excess of 40 hours = $36
Betsy works during a January pay period = 45 hours.
Betsy's pay for January period = $24 * 40 + $36 * 5
Betsy's pay for January period = $1,140

Betsy’s gross earnings for January period is $1,140

Betsy’s federal income tax withholding = $86
FICA tax rate = 7.65%.
Betsy’s FICA Taxes Payable = $1,140 * (7.65 / 100)
Betsy’s FICA Taxes Payable = $87.21
Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
Betsy’s net pay for January period = $1,140 - $86 - $87.21
Betsy’s net pay for January period = $966.79

Betsy’s net pay for January period is $966.79

6 0

2 years ago

Which term refers to the fluctuations of growth and decline in an economy?

slava [35]

The fluctuation of growth and decline in an economy is called BUSINESS CYCLE OR ECONOMY CYCLE.
The fluctuations in business cycle usually involves shift between period of relatively rapid economic growth and period of relative stagnation or decline. Business cycle is measured by considering the growth rate of real gross domestic product of the nation concerned.

5 0

2 years ago

Imagine you get to class early. Eventually, other students arrive, and one student sits down next to you and offers you one of h

hammer [34]

A) the reciprocity norm.
I hope this helps

8 0

2 years ago

Rocky Mountain Corporation makes two types of hiking boots?Xactive and Pathbreaker. Data concerning these two product lines appe

riadik2000 [5.3K]

Answer:

1a. Predetermined overheard rate is $20.8

1b. Product cost for each product:

Xactive ($) Pathbreaker ($)

<u> 113.72 86.4</u>

Explanation:

1(a)

Predetermined overheard rate is calculated with formula:

<u>Budgeted Cost</u>

Activity Level

For Rocky Mountain:

= <u>$2,687,360</u>

129,200

= $20.8

1 (b) Product cost involves the total cost incurred directly as a result of making a product. Product cost is calculated by adding direct material cost, direct labour cost and manufacturing overheard together.

Product cost

Xactive Pathbreaker

Direct material 65.60 51.80

Direct labour cost 19.00 13.80

Manufacturing overheard($20.8) <u>29.12 20.8</u>

<u>113.72 86.4</u>

<u />

5 0

3 years ago