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Genrish500 [490]
2 years ago
12

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the futur

e value if the interest rate is a simple interest rate?.
Business
1 answer:
expeople1 [14]2 years ago
6 0

Answer:

$14,693.28 (COMPOUNDED ANNUELY)

$14,859.47 (COMPOUNDED QUARTELY)

$14.000. (SIMPLE)

Explanation:

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Data concerning Farm Corporation's single product appear below: Selling price per unit $ 320.00 Variable expense per unit $ 76.8
lara [203]

Answer:

$224,000

Explanation:

Contribution margin = Selling price - Variable cost

= $320 - $76.8

= $243.2

Contribution margin ratio = Contribution margin / Sales

= $243.2 / $320

= $0.76 × 100

= 76%

Break even point = Fixed cost / Contribution margin ratio

= $170,240 / 76%

= $224,000

7 0
3 years ago
If management wants the most accurate product cost, which of the following costing methods should be used? a. Volume-based costi
Fynjy0 [20]

<u>1. If management wants the most accurate product cost, which of the following costing methods should be used?</u>

Answer:

c. Activity-based costing

Explanation:

In activity based costing, You only assign cost to a certain products and services based on your actual consumption. This will include indirect cost that might be overlooked by other from of costing methods.

For example, other type of costing might only account the total material or price of the machines when calculating the total cost of creating product. As a matter of fact, this will undervalue the total cost.

You need to calculate the expense that is not directly involved in the production but still necessary for the operation (such as the cost of fixing broken parts,  the cost of daily maintenance, etc). All of these things will be included in activity-based costing.

<u />

<u>2. Which costing method tends to overstate the cost of high-volume products? </u>

Answer:

A. traditional volume based accounting

Explanation

Traditional volume based costing  will calculate all overhead costs (such as salary paid per hour to employees)  and include it to the overall cost of the production without any additional adjustment.

This will cause an overstate in the cost of high-volume products Because longer hours of work does not necessarily translate to proportionate increase in productivity.,

3. Disadvantages of activity-based costing include

Answer:

-It is not acceptable under GAAP for external reporting.

-It can be costly to implement.

Explanation:

GAAP does not accept activity-based costing becasue it overlooked  Organization-sustaining costs that will exist regardless of how much goods the company produce. (For example  Cost of factory security, Cost of electricity for heating and air conditioning and  office administration rent).

Activity based costing can be costly because it need a more precise evaluation of their indirect cost. Which means that they need to hire more experts to specifically pay attention to indirect cost which often time untraceable by common employees.

5 0
3 years ago
Moss County Bank agrees to lend the Oriole Company $560000 on January 1. Oriole Company signs a $560000, 6%, 9-month note. What
Vitek1552 [10]

Answer:

The Journal entry that Oriole Company will make to pay off the note and interest at maturity assuming that interest has been accrued to September 30 will be:

Dr Notes Payable 560,000

Dr Interest Payable 25,200

(560,000*6%*9/12)

Cr Cash 585,200

(560,000+25,200)

Explanation:

Based on the information given where Moss County Bank agrees to lend the Oriole Company $560000 on January 1 this means we have to Debit Note payable with 560,000 and since Oriole Company signs a $560000, 6%, 9-month this means we have to Debit Interest payable with 25,200 (560,000*6%*9/12) and Credit Cash with 585,200 (560,000+25,200).

4 0
3 years ago
The Brainchild is a store that specializes in educational toys for children. In order to increase the probability of customers v
Viefleur [7K]

Options: decreasing an importance weight. increasing a performance belief. decreasing the performance belief for a competitive retailer. adding new benefits. focusing on all benefits.

Answer: ADDING NEW BENEFITS.

Explanation:Adding new benefits or improving existing benefits are ways used by Store or business organisations to attract new customers or to retain existing ones or improve its number of loyal customers.

Benefits are free services or gifts given, Brainchild has increased the benefits of buying from its store by offering discounts, gift wrapping, and free shipping,all these will attract more customers to its store and hence increase loyal customers and number of customers.

6 0
3 years ago
Vino Tinto Inc. sells a variety of wines but specializes in selling premium red wine. If the company enters into an agreement wi
Ne4ueva [31]

If the company enters into an agreement with a winery in Spain to purchase all the red wine the winery produces, this would be a: output contract

<h3><u>Explanation:</u></h3>

An output contract is an arbitration where one party consents to acquire the complete product that the other party accumulates. Thus, the consumer will obtain all the 'output' the trader executes.

Output contracts can be valuable to consumers when there is conjecture about market supply or demand for a distinct good. Output contracts attend the sale of goods, these sorts of contracts are directed by the Uniform Commercial Code. In the fact of output contracts, the U.C.C. claims that both parties to the contract act in real faith.

7 0
3 years ago
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