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3 years ago

12

Bradley Snapp has deposited $5,291 in a guaranteed investment account with a promised rate of 4% compounded annually. He plans t

o leave it there for 6 full years when he will make a down payment on a car after graduation. How much of a down payment will he be able to make

1 answer:

Julli [10]3 years ago

7 0

Answer:

i dont realky understand the question

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The purpose of determining the critical path on a pert network is to: identify the sequence of tasks that takes the longest to c

natita [175]

Answer:

Identify the sequence of tasks that take the longest to complete

Explanation:

Program Evaluation and Review Technique (PERT) is a project management tool that is used to manage potential contingencies in the process of executing a project. It is used to schedule ,organize and coordinate tasks in a project.

Determining the critical path on a PERT network lists out the time required for different tasks to be completed and as a result , the sequence of tasks that require the longest time are identified.

3 0

4 years ago

Read 2 more answers

The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre

LenKa [72]

Answer: $74100

Explanation:

Based on the information given, the amount of cash expected to be collected in October will be calculated thus:

October, credit sales will be:

= 60% x $247000

= $148200

Since the amount that'll be collected in October will be 50% of the credit sales. This will be:

= 50% × $148200

= $74100

6 0

3 years ago

A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called

Katarina [22]

A type of insurance that protects workers from loss wages after an industrial accident that happened on the job is called worker compensation.

Workers' compensation insurance offers financial aid and/or medical attention to employees who are hurt on the job or fall ill as a direct result of their work. This insurance is paid for by the employer; the employee is not expected to contribute to the cost of compensation.
Workers' compensation, sometimes known as workers' comp, is a type of insurance that offers pay replacement and medical benefits to employees hurt while doing their jobs in return for a requirement that they waive their right to sue their employer for carelessness. The compensation bargain is the trade-off between restricted, guaranteed coverage and no other options outside of the worker compensation system.

Thus this is the answer.

To learn more about worker compensation, refer: brainly.com/question/27993713

#SPJ4

8 0

2 years ago

W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 re

andre [41]

Answer:

a. Statement of cost of goods manufactured.

$ $

Beginning work-in-process inventory 13,040

Raw Materials :

Beginning materials inventory 46,800

Add Purchases of raw materials 320,000

Available for Production 366,800

Ending materials inventory (66,800) 300,000

Direct labor 200,000

Indirect labor 40,000

Rent, factory building 42,000

Depreciation, factory equipment 60,000

Utilities, factory 11,900

Ending work-in-process inventory (14,940)

Cost of goods manufactured 652,000

b. Average cost of producing one unit of product in the year.

Average cost = Total Cost ÷ Total units produced

= $652,000 ÷ 4,000

= $163.00

c. Prepare an income statement for external users.

$

Sales (3,800 × $400) 1,520,000

Less Cost of Goods Sold ($163.00 × 3,800) (619,400)

Gross Profit 900,600

Less Expenses :

Salary, sales supervisor (90,000 )

Commissions, salespersons (180,000 )

General administration (300,000)

Net Income / (Loss) 330,600

Explanation:

<u>Determination of leather recliners sold during the year.</u>

Units Sold = Opening Finished Inventory + Units Produced - Ending Finished Inventory

= 500 + 4,000 - 700

= 3,800

Other Notes :

Include only manufacturing costs in the statement of goods manufactured.

External users would want to see an income statement prepared using an absorption costing system in line with financial reporting standards.

5 0

4 years ago

Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $150,000 and that Greene is

Gekata [30.6K]

Answer:

1) net income = $115,000

a) Morrison receives $57,500

Greene receives $57,500

b) Morrison receives $86,250

Greene receives $28,750

c) Morrison receives $38,333

Greene receives $76,667

d) Morrison receives ($150,000 x 6%) + $51,500 = $60,500

Greene receives ($50,000 x 6%) + $51,500 = $54,500

e) Morrison receives $3,750 + $40,000 = $43,750

Greene receives $1,250 + $70,000 = $71,250

f) Morrison receives $3,750 + $40,000 = $43,750

Greene receives $1,250 + $70,000 = $71,250

2) net income = $200,000

a) Morrison receives $100,000

Greene receives $100,000

b) Morrison receives $150,000

Greene receives $50,000

c) Morrison receives $66,667

Greene receives $133,333

d) Morrison receives $9,000 + $94,000 = $101,000

Greene receives $3,000 + $94,000 = $97,000

e) Morrison receives $9,000 + $40,000 + $39,000 = $88,000

Greene receives $3,000 + $70,000 + $39,000 = $112,000

f) Morrison receives $9,000 + $40,000 + $30,000 = $79,000

Greene receives $3,000 + $70,000 + $18,000 + $30,000 = $121,000

8 0

3 years ago