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Gala2k [10]
3 years ago
9

The idea behind _________ is that how much you spend on department x is tied directly to how well department x is performing

Business
1 answer:
julsineya [31]3 years ago
4 0
It's budgeting. Hope this help
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At 6.5 percent interest how long does it take to double your money to quadruple it
Oksi-84 [34.3K]

Your money will double in approximately 11 years and quadruple in approximately 22.

Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).

4 0
3 years ago
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Richard Miller is saving for an Australian vacation in three years. He estimates that he will need $4,930 to cover his airfare a
Bond [772]

Answer:

$1476.71

Explanation:

Formula = pmt(((1+r)^n)-1)/I

I = nominal interest rate

Pmt = dollar amount

r = interest rate

N = number of period

4930 = pmt(((1 +0.109)^3)-1)/0.109

4930 = pmt(1.109^3)-1/0.109

4930 = pmt(1.3639-1)/0.109

4930 = pmt(0.3638/0.109)

4930 = pmt3.3385

Pmt = 4930/3 3385

= $1476.71

Richard miller would have to save $1476.71

5 0
3 years ago
On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expec
Nataly_w [17]

Answer:

(1) $19,500

(2) $142,000

(3) $27,000

(4) $15,000

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the p/l over the useful life of the asset. It may be computed as

Depreciation = (cost - salvage value)/useful life

Annual depreciation = ($220,000 - $25,000)/10

= $19,500

4 years later

Carrying amount of the equipment

= $220,000 - 4 * $19,500

= $220,000 - $78,000

= $142,000

If the asset is impaired

An asset is said to be impaired when the carrying amount is higher than recoverable amount where the recoverable amount is the higher of the fair value less cost to sell or the value in use of the asset which is the present value of the future expected inflow from the use of the asset.

Value in use = $115,000

Fair value = $85,000

Value in use = $115,000

Impairment loss = $142,000 - $115,000

= $27,000

Remaining number of years is 6

New carrying amount = $115,000

the annual depreciation expense = ($115,000 - $25,000)/6

= $90,000/6

= $15,000

5 0
2 years ago
Rochelle plans to sell all of her shares when she can profit $6,250. What must the net asset value be in order for Rochelle to s
pychu [463]

Answer:

$31.64

Explanation:

The computation of the net asset value is shown below:

= Total net value ÷ Total outstanding shares

where,

Total net value is

= Number of shares × Offer price + profit

= 500 shares × $19.14 + $6,250

= $9,570 + $6,250

= $15,820

And, the number of outstanding shares is 500

So, the net asset value is

= $15,820 ÷ 500 shares

= $31.64

6 0
2 years ago
Those who pay off their credit card balances in full each month and avoid the finance and interest charges are known as convenie
Luden [163]

False, convenience users don't pay like they should.

6 0
2 years ago
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