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2 years ago

Identify the three components of retained earnings.

1 answer:

5 0

The beginning period retained earnings, net profit/net loss made during the accounting period, and cash and stock dividends paid during the accounting period. (i may be wrong because there was no picture but i this is right)

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Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases an

vova2212 [387]

Total materials variances = 1,221
Unfavorable price variance = 2,673
Unfavorable quantity variance = 1,452
Favorable total materials variance = 2,673

6 0

3 years ago

Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes o

olya-2409 [2.1K]

Answer:

Confirmation bias

Explanation:

Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea or concept to be true, they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information when the evidence gathered so far confirms the views or prejudices one would like to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. Confirmation bias suggests that we don’t perceive circumstances objectively. A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.

For example, imagine that a person holds a belief that left-handed people are more creative than right-handed people. Whenever this person encounters a person that is both left-handed and creative, they place greater importance on this "evidence" that supports what they already believe. This individual might even seek "proof" that further backs up this belief while discounting examples that don't support the idea.

5 0

3 years ago

Read 2 more answers

Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule o

RoseWind [281]

Answer:

$1,100

Explanation:

Calculation for what will the investment be worth after 16 years

Rule of 72 is the rule or methods which help in estimating an investment's doubling time.

Therefore According to the rule of 72 what we are going to do is to double the amount of money invested in the Certificate of deposit which was $550

Hence,

Since $550 was invested at an annual interest rate of 4.5%. Thus the rule of 72 tells us that the money will double every 16 years,

Approximately:

Years Balance

Now $550

16 $1,100

( The amount of $550 doubles every 16 years)

Therefore what the investment be worth after 16 years will be $1,100

5 0

4 years ago

A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.

Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0

3 years ago

Chrissy is working on creating extensive demand and awareness for the brand of lipsticks. At which stage of the product life cyc

aleksandrvk [35]

Answer:

Introduction Stage

Explanation:

The product life cycle consists of five stages: development, introduction, growth, maturity, and decline.

In this case, Chrissy's product (the lipsticks) is at the introduction stage, which is second stage of the life cycle, coming immediatly after the development stage ends.

In the introduction stage, as the name implies, the product is introduced in the market. Advertising and marketing efforts are crucial at this stage because otherwise the product may be rejected, or simply not known enough, and not reach the growth stage.

6 0

4 years ago