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2 years ago

Which of the following is a service fee? an amount of money a bank charges?

Business

1 answer:

aalyn [17]2 years ago

7 0

Answer:an amount of money a bank charges for the use of an account.

Explanation:

When someone charges you money for them to do something it is called a service fee

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Which of the following comes closest to the value at the end of year 6 of investing $600 today (year 0) and then investing anoth

cestrela7 [59]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Investment= $600 today and $600 at the end of year 5

Interest rate= 3%

To calculate the final value, we need to apply the following formula on each investment:

FV= PV*(1+i)^n

FV= 600*(1.03^6)= $716.43

FV= 600*(1.03^1)= $618

Total FV= $1,334.43

5 0

3 years ago

rabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating activities for the

pantera1 [17]

Answer:

$40.875

Explanation:

Given that,

Selling Expenses = $ 9,600

Merchandise Inventory on December 31 = 33,000

Merchandise Inventory on January 1 = 47,000

Purchases of merchandise = 83,500

Rent for store = 12,100

Sales commissions = 7,300

Sales revenue = 168,500

Cost of goods sold:

= Beginning merchandise inventory + Merchandise purchase - Ending merchandise inventory

= $47,000 + $83,500 + $33,000

= $163,500

If Crabapples sold 4,000 boxes of dry fruit during the year, then the cost per box of dry fruits is:

= Cost of goods sold ÷ Number of boxes sold

= $163,500 ÷ 4,000

= $40.875

3 0

3 years ago

Greg sees that his company's quarterly sales and profits are significantly above projections and says, "That's great. Let's keep

saveliy_v [14]

Answer: Evaluate performance

Explanation:

According to the given question, Greg is observing his company sales and also the profit quarterly by ignoring the step evaluating the performance in the marketing planning process.

The evaluating performance is one of the factor that basically helps in examine the proper management, activities and the outcome of the performance.

As, it helps in improve the effectiveness and also characteristics of the result that helps in managing the sales and the profit in an organization. Therefore, evaluate performance is the correct answer.

4 0

3 years ago

Zoie makes 2 products from a common input. Each product may be sold at the split-off point or processed further. The following i

Ymorist [56]

Answer:

Zoie

The minimum amount the company should accept if Product 1 is sold at the split-off point is:

= $30,000.

Explanation:

a) Data and Calculations:

Product 1 Product 2

Allocated joint processing costs 21,200 35,700

Sales value at split-off point 38,100 19,200

Costs of further processing 17,000 19,900

Sales value after further processing 30,000 28,300

The minimum amount the company should accept if Product 1 is sold at the split-off point is $30,000.

b) Further processing of Product 1 does not make economic sense. Zoie should sell the product at split-off point at $38,100. Similarly, based on the facts provided, Product 2 hardly deserves further processing.

5 0

3 years ago

If there are 10 plants producing the total domestic consumption of a product and each plant is operating at minimum efficient sc

tatiyna

Answer:

The correct answer is B. If there are 10 plants producing the total domestic consumption of a product and each plant is operating at minimum efficient scale, then each plant accounts for 10 percent of domestic consumption.

Explanation:

It is understood that the total consumption of a product is 100% of it. Therefore, as long as there are 10 plants that, producing at a minimum efficiency scale on an equal basis, cover this total consumption, the percentage of consumption that each plant produces will be 10%.

This is so because 100/10 = 10, provided that it is considered that the production is carried out equitably between each of the production plants.

3 0

2 years ago