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2 years ago

One disadvantage of using a company’s tuition reimbursement program is that _______.

1 answer:

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One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.

Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.

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2 years ago

Suppose gold (G) and silver (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th

maksim [4K]

Answer:

a) Gold = $1,380; Silver = $1,020

b) Gold = $1,300; Silver = $980

Explanation:

a) At first, with Qg = 60 and Qs = 270, the equilibrium prices for gold and silver are found by solving the following linear system:

$P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020$

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

b) If the supply of gold increases to 120, since the goods are substitutes, there will be an increase in overall supply and the equilibrium price of gold and silver will decrease as follows:

$P_g = 930-120 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1620 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,300\\P_s = 980$

Equilibrium price of gold is $1,300 and the price of silver is $980.

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3 years ago

Many cities in southeast Michigan are struggling with financial problems due to current economic conditions. At the same time, s

asambeis [7]

The best and most correct answer among the choices provided by the question is the third choice. The direct result of the problems is that less city workers to plow the streets causing an increase in the number of car accidents during the winter months. I hope my answer has come to your help. God bless and have a nice day ahead!

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3 years ago

Your parents invested $1000 into an account when you were born. The account has an interest rate of 6% and compounds monthly (12

Gelneren [198K]

Answer:

$3,310.20

Explanation:

The applicable formula in this case is

A = P x ( 1 + r )^ n

Where A= amount after 20 years

P is principle amount= $1000

r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12

n is number of periods = 12 months x 20 years

A = $1000 x ( 1 + 0.005) ^240

A = $1000x (1.005) ^ 240

A =$1000 x 3.31020447580

A =$3,310.2044

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3 years ago

In December, Davis Company had the following cost flows: Molding Department Grinding Department Finishing Department Direct mate

slava [35]

Answer:

Required 1 ; Journals

Work In Process : Grinding Department $ 128,000 (debit)

Work In Process : Molding Department $ 128,000 (credit)

Being transfer of costs from Molding to Grinding Department

Work In Process : Molding Department $ 128,000 (debit)

Work In Process : Grinding Department $ 128,000 (credit)

Being transfer of costs from Grinding to Molding Department

Finished Goods Account $40,000 (debit)

Work In Process : Finishing Department $40,000 (credit)

Being transfer of costs from Finishing department to finished goods account

Required 2 : Difference

Job Order Costing

Each production is unique and there may be no transfers to and from other departments. The is no inventory from previous processes as this is unique to the job order.

Process Costing (Currently in use)

There are transfers from and to other departments. Production is in sequence. For each departments we may also have inventories

Explanation:

Finishing Department Costs Calculation

Direct materials $17,200

Direct labor $11,600

Applied overhead $11,200

Total $40,000

Difference :

You should be able to see that the Journal entries above depicts a process costing system. Now provide reasons why this system differs from the job-order cost system. See the reasons above.

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3 years ago