Under the net method of handling credit and debit card payments, the processing fee is debited to the credit card expense account on the date of sale.
The net approach in the accounting records the vendor invoices. If there are coins sold with transaction prices, the processing rate account is debited to the credit card rate account. For example, the sale quantity is $40 and the processing charge is $2, the coins are debited with $38 and the processing price to credit score card expenses is debited with $2, and the sales are credited with the very last amount of $40. Therefore, the precise internet approach for coping with debit and credit card prices is debiting the processing charge from the credit card expense account.
A credit card is a sort of credit facility, provided by banks that permit customers to borrow finances within a pre-approved credit restriction. It permits customers to make purchase transactions on goods and services.
When you open a bank account at a financial institution or credit score union, you commonly get a debit card. A debit card lets you spend cash from your checking account without writing a test. When you pay with a debit card, the cash comes from your bank account right now.
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What rate of return is required to have $100,000 in 10 years if you start saving $5,000 a year starting now
The rate of return required to have $100,000 in 10 years with an annual savings of $5,000 starting today is 11.43%.
What is the compound interest?The compound interest is the computed interest on an investment's principal plus all previously accumulated interests.
The rate for the compound interest can be computed using an online finance calculator as follows:
Data and Calculations:
N (# of periods) = 10
I/Y (Interest per year) = 11.43%
PV (Present Value) = $5,000
PMT (Periodic Payment) = $5,000
Results:
FV = $100,117.84
Interest per year = 11.43%
Sum of all periodic payments = $50,000 ($5,000 x 10 years)
Initial deposit = $5,000
Total Interest $45,117.84
Thus, the rate of return required to have $100,000 in 10 years with an annual savings of $5,000 starting today is 11.43%.
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Draw a decision tree diagram and determine the expected payoff of your optimal choice for the following scenario (submit the decision tree in the following question):
You are the new manager at Trader Dan's in Bothell. You've been tasked with growing the company. After gathering data from your colleagues in operations as well as finance, marketing and economics you've discovered the following possibilities:
These teams have pitched two locations: Everett and Bellevue. In each of these cities there's a chance that we get approved by the local governing board for a large operation (large store + stand-alone factory) or only get approval for a small operation (standard sized store, no factory). The chance of a large operation in Everett is 13%, and Bellevue is 39%. The small operation is the remaining probability.
If we have a large operation, we must choose to either produce and market our full range of goods or to specialize in a specific sub-set of our products. Our estimated profits in Everett are 303,626 for the full range of goods and 149,502 for the sub-set and Bellevue's are 245,854 and 88,455 respectively.
For the small operation we're stuck providing a sub-set of goods (might not be the same goods as in the large operation) and have a chance at a great customer turnout or a very low customer turnout. The chances of great customer turnout is 65% for each city and 35% for low customer turnout (again, for each city). Profits for Everett are estimated to be 200,644 and 38,940, for great and small turnouts respectively and Bellevue is 106,289 and 49,395.
Remember to DRAW A DECISION TREE diagram for the next question.
Report the EXPECTED PAYOFF of the highest paying decision, rounded to the nearest dollar for this question.
In this scenario, as the new manager at Trader Dan's, the decision tree analysis considers the options of opening a large or small operation in either Everett or Bellevue.
The expected payoff of the highest paying decision, rounded to the nearest dollar, will be determined.
The decision tree diagram is as follows:
[Large Operation]
/ \
[Full Range] [Subset]
/ | \ / \
[303,626] [149,502] [245,854] [88,455]
/ \
[Everett - Great Turnout] [Everett - Small Turnout]
/ \
[200,644] [38,940]
/ \
[Bellevue - Great Turnout] [Bellevue - Small Turnout]
/ \
[106,289] [49,395]
To determine the expected payoff of the highest paying decision, we calculate the probabilities and expected payoffs at each decision point. Starting from the top, we multiply the probabilities of each branch by their respective payoffs and sum them up.
For example, for the large operation in Everett with the full range of goods, the expected payoff is
(0.13 × 303,626) + (0.87 × 149,502) = 39,440 + 130,090 = 169,530.
Following this calculation for each branch and decision point, we find that the highest expected payoff is associated with the decision to open a large operation in Everett and specialize in a specific sub-set of products, resulting in an expected payoff of 169,530 (rounded to the nearest dollar).
Therefore, the expected payoff of the highest paying decision is 169,530 dollars.
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How do you make decisions?
Answer:
Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:
Identify the decision to be made: Start by clearly defining the problem or situation you're facing.
Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.
which of the following characteristics best describes repetitive focus? It uses sophisticated scheduling to accommodate custom orders.
Its output is a standardized product produced from modules.
Operators are broadly skilled.
It is widely used for the manufacture of steel.
Its costs are often known only after a job is done.
The correct answer is option B.
The characteristic which best describes repetitive focus is its output is a standardized product produced from modules.
Repetitive focus is a manufacturing method used for the production of standardized goods. This method is best suited for producing goods that have a limited variety of models and designs with a high volume of production. This characteristic makes repetitive focus distinct from other manufacturing processes, such as job shop focus and continuous focus.
In repetitive focus manufacturing, standardized goods are produced by dividing them into individual tasks or modules, which are then placed on an assembly line, with each workstation responsible for completing a specific task. This technique of breaking down the production process into smaller, more manageable units enables manufacturers to use specialized equipment, simplify worker training, and significantly reduce production costs.
Thus, the characteristic that best describes repetitive focus is: Its output is a standardized product produced from modules.
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In a market economy, equilibrium stays constant and never moves.
True or false
Answer:
false
Explanation:
there is always change in equilibrium any time demand or supply changes.
Bond Discount, Entries for Bonds Payable Transactions On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $7,400,000 of 5-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of $7,127,643. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1
On July 1, 20Y1, a debit of $7,127,643 was made to cash, a credit of $7,400,000 was made to Bonds Payable, and a credit of $272,357 was made to Discount on Bonds Payable to record the cash proceeds from the issuance of the bonds.
On July 1, 20Y1, to record the cash proceeds from the issuance of the bonds, the following entry would be made:
Debit: Cash $7,127,643Credit: Bonds Payable $7,400,000Credit: Discount on Bonds Payable $272,357The debit entry to cash represents the amount of cash received from the sale of the bonds. The credit entry to Bonds Payable represents the increase in the company's liability for the bond debt. The credit entry to Discount on Bonds Payable represents the difference between the face value of the bonds and the cash proceeds received, which is the bond discount.
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Portfolio diversification eliminates: Multiple Choice all investment risk. the portfolio risk premium. market risk. unsystematic risk. the reward for bearing risk.
Answer:
Unsystematic risk
Explanation:
The portfolio theory posits that the total risk on a collection of assets (i,e a portfolio) can be reduced by spreading the invested fund into different assets that are uncorrelated.
According to this model, the total risk on a portfolio is divided into systematic and unsystematic risks. The theory assumed by diversification, the unsystematic risk associated with a portfolio is eliminated.
Unsystematic risk essentially are those unique individual assets for example. if we invest in company stock, risk associated with factors like bad management , law suit against a company, defect in company;s products are example of unique or systematic risks
during a sales presentation, ursula, the salesperson, is unable to understand what her customer means by his last statement. what should she do to verify her customer's intent?
During a sales presentation, Ursula, the salesperson, is unable to understand, to customer's intent Restate the customer's comment.
An effective sales presentation tells a compelling story, emphasizes your value proposition, and aligns with your audience's needs and desires. End with a strong call to action that guides your prospects to the differentiator instead of leading them.
A good product presentation combines two key ingredients for her: the way a presenter conveys information and the visuals that explain it. When presenting your product idea to investors and peers, your presentation should be packed with information that calls your audience to action.
A sales presentation or sales pitch is a series of conversations that attempt to persuade someone or something with a planned sales presentation strategy for a product or service with the goal of initiating and completing the sale of the product or service.
During a sales presentation, the salesperson, Ursula, is unable to understand what her customer means by his last statement. What should she do to verify her customer's intent?
A. All of these
B. Quickly move to a trial close
C. Restart her presentation
D. Call her sales manager
E. Restate the customer's comment
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Under the Family and Medical Leave Act, if a husband and wife work for the same employer, the combined period of leave taken by the couple may not exceed__________________ year.
A. 18 weeks per calendar
B. 6 weeks per calendar
C. 12 weeks per calendar
D. 24 weeks per calendar
The correct answer is C. 12 weeks per calendar year.
Under the Family and Medical Leave Act, eligible employees are entitled to take up to 12 weeks of unpaid leave within a 12-month period for specific qualifying reasons, such as the birth or adoption of a child, caring for a seriously ill family member, or the employee's own serious health condition. This entitlement applies to each individual employee, regardless of whether they are married or have a spouse who also works for the same employer. Therefore, if both the husband and wife work for the same employer, each of them is entitled to take up to 12 weeks of leave individually, resulting in a combined maximum of 12 weeks per calendar year for the couple. It is important to note that the leave is not transferable between spouses, and each employee's entitlement is independent of the other's.
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2 (a) What are the conditions for equilibrium in a competitive market? (b) Point out differences between the short and long run in these markets. (c) Compare the outcomes above with that obtained under monopolistic competition.
(a) The conditions for equilibrium in a competitive market are as follows: MC = MR (Marginal cost equals marginal revenue).
b) The differences between the short run and long run in competitive markets are as In the short run, they face a U-shaped average cost curve. In contrast, in the long run, they face a flat average cost curve.
(c) Monopolistic competition is a market structure that is characterized by many firms producing differentiated products.
a) This means that for a firm to be in equilibrium, it must produce the quantity of output where its marginal cost equals its marginal revenue. This point is where the supply curve and demand curve intersect, which is also known as the market-clearing price.
(b) The differences between the short run and long run in competitive markets are as follows: In the short run, firms can only adjust their output by varying their variable inputs, such as labor and raw materials. As a result, they face a U-shaped average cost curve. In contrast, in the long run, firms can adjust all of their inputs, including capital, so they face a flat average cost curve.
In the short run, some firms may make economic profits or losses, while in the long run, firms will earn only normal profits. In the short run, firms may also enter or exit the industry, which can affect market supply and demand and ultimately the market price.
(c) Monopolistic competition is a market structure that is characterized by many firms producing differentiated products. In contrast to perfect competition, monopolistic competition involves product differentiation, which means that each firm faces a downward-sloping demand curve.
This means that each firm has a degree of market power, which allows it to set its price above marginal cost .In the long run, monopolistically competitive firms earn only normal profits, but they operate at a point where price is greater than marginal cost.
Therefore, in monopolistic competition, there is excess capacity and deadweight loss due to the market power of each firm. In the short run, firms can make economic profits or losses, and they can enter or exit the industry over time, which can affect market supply and demand and ultimately the market price.
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In ________, one firm provides the product or service in a particular industry, which results in less price competition.
Monopolies are said to exist when one company provides the product or carrier in a particular industry, and as such effects in much less rate competition.
What is monopoly oligopoly and monopolistic competition?An oligopoly will allow extra than one honcho to co-exist, and a monopolistic competition will enable several players to enter into the market, while a monopoly will essentially be the one that stands apart and guidelines the complete demand and provide chain in the unique discipline of selection.
What is the that means of monopolistic market?A monopolistic market is a theoretical circumstance that describes a market where only one employer may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite quantity of firms operate
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https://brainly.com/question/7217942#SPJ4What type of pricing strategy involves consumers making a judgment about a product and its
quality based on its price compared with a similar product?
O reference pricing strategy
Oprice lining strategy
O fair price strategy
O odd pricing strategy
Answer: reference pricing strategy
Explanation:
Jack's apples has the following information on their Income Statement
Sales $700,685
Cost of Goods Sold 400,000
Selling and Administrative Expenses 80,000
Depreciation Expense 170,000
Interest Expense 80,000
Applicable Income Tax Rate 27%
Calculate the Earnings before Taxes for Jack
Post your answer as a whole number.
Given information: Sales = $700,685
Cost of Goods Sold = $400,000
Selling and Administrative Expenses = $80,000
Depreciation Expense = $170,000
Interest Expense = $80,000
Applicable Income Tax Rate = 27%
To find: Earnings before Taxes
Formula to calculate Earnings before Taxes is : Earnings before Taxes = Sales - Cost of Goods Sold - Selling and Administrative Expenses - Depreciation Expense - Interest
Expense Earnings before Taxes = $700,685 - $400,000 - $80,000 - $170,000 - $80,000
Earnings before Taxes = $(29,315)
The Earnings before taxes for Jack are $(29,315). Therefore, option A is correct.
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leakey is a company that deals with sale and distribution of variety of products ranging from cereals, clothes, edibles, electronics and other related products. the company acquires the products from different parts of the world, in and outside of the country. assuming you are a well trained and experienced warehousing manager and leakey company is seeking your expertize to manage its varied inventories; a) explain to the leakey management team the need for having proper inventory control system for their company (5 marks) b) explain the various costs that leakey co. is likely to incur while trying to manage their inventories (5 marks) c) explain to leakey co. management how they would apply eoq model in helping them minimize inventory cost for their company (5 marks)
New-to-the-world products are the only category of genuinely new products. These goods are truly novel because they open up a brand-new market while making up a relatively minor portion of the new product line.
Microwaves, microprocessors, and copiers are a few examples of this kind of new product category. These categories would not apply to tech goods.
New product lines make up the second category of new products. A new product line would be when a business introduces a product from a new class that they haven't before offered.
Tech, for instance, just created Tech Nutrition Bars to enhance memory. This move into the food sector would be seen as a new product line because all of their prior items were connected to technology.
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**Verifiability means that the accounting information:
Question content area bottom
Part 1
A.
is material and relevant.
B.
is timely and understandable.
C.
is understandable.
D.
must be capable of being checked for accuracy, completeness and reliability.
Accounting information that has verifiability is one that D. must be capable of being checked for accuracy, completeness and reliability.
What is verifiability in accounting?in accounting, data is considered to be verifiable if a third party can come up with the same information given the chance.
for this to happen, the data needs to be capable of being checked for completeness and reliability.
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Using productivity software ensures that the end product will look professional.
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
props to the other dude, give them brainliest
Marketing to the BOP raises a number of issues revolving around the social responsibility of marketing efforts. Please discuss the following: 1. Is it exploitation for a company to profit from selling soaps, shampoo, personal computers, ice cream, and so on to people with little disposable income? Why or why not? 2. Can making loans to customers whose income is less than $100 monthly at interest rates of 20 percent to purchase TVs, cell phones, and other consumer durables be justified? Please discuss.
Marketing to the BOP (Base of the Pyramid) raises a number of issues revolving around the social responsibility of marketing efforts. 1. Yes, it is exploitation for a company to profit from selling soaps, shampoo, personal computers, ice cream, etc. to people with little disposable income because businesses can take advantage of individuals.
2. Making loans to customers whose income is less than $100 monthly at interest rates of 20 percent to purchase TVs, cell phones, and other consumer durables cannot be justified as it exploits the vulnerable people who are already in a financially weak position.
1. The answer is yes, it is exploitation for a company to profit from selling soaps, shampoo, personal computers, ice cream, and so on to people with little disposable income. There are a variety of reasons for this, but one of the most important is that these businesses can sometimes take advantage of individuals who have little disposable income and may not be able to make informed decisions about how to spend their money. This can lead to the exploitation of people who are already in vulnerable positions.
2. In general, it can be difficult to justify making loans to individuals with low income at high interest rates. This is especially true if the loans are being used to purchase consumer goods that may not be necessary for daily life, such as TVs and cell phones. While it may be tempting to provide these individuals with access to these goods, it can also lead to further financial difficulties down the road.
Additionally, this would further plunge them into poverty as they would struggle to pay back the high-interest loans. Therefore, companies should not exploit the vulnerability of the poor by charging exorbitant interest rates for loans. Instead, they should provide affordable financing options to help the poor purchase products that they need.
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You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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Suppose university officials feel that the price of football tickets at your school is too expensive and decide to limit how much the athletic department can charge for a ticket to a single game.
When the price of a ticket is limited, the effect would be that there would be a shortage of tickets.
What is a shortage?
A shortage is when the quantity demanded of a product exceeds the quantity supplied. This usually occurs when the price of the good is set below equilibrium price.
When the ticket price is limited, the profit made per game reduces. As a result, it is expected that the number of tickets offered would decline. This would lead to a shortage.
Here is the full question:
Suppose university officials felt the price of football tickets at your school are too expensive and decide to limit the price the athletic department can charge for a ticket to a single game. What will result from this decision? Select all that apply. a. The quality of facilities will decrease. b. An abundance of cheap tickets will be available online. c. A shortage of tickets will exist. d. The football team will offer more tickets to the game.
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47) The demand and the supply for a good are each neither perfectly elastic nor perfectly inelastic. If a
sales tax on sellers of the good is imposed, the tax is paid by
In a market where demand and supply for a good are neither perfectly elastic nor perfectly inelastic, the imposition of a sales tax on sellers will have an impact on both the buyers and sellers of the good. When a sales tax is imposed on sellers, it increases their production costs, causing the supply curve to shift upward by the amount of the tax.
As a result, the new equilibrium point will have a higher price and a lower quantity traded compared to the original situation. However, the burden of the sales tax will be shared between buyers and sellers depending on the price elasticities of demand and supply. If the demand for the good is more elastic than its supply, buyers will be more sensitive to price changes and will be less willing to pay higher prices due to the tax. In this case, sellers will bear a larger portion of the tax burden, as they must lower their prices to maintain sales. Conversely, if the supply is more elastic than demand, sellers can more easily adjust their production levels in response to price changes, and buyers will bear a larger portion of the tax burden through higher prices.
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What is one way to achieve financial well-being?
Answer:
There are many ways to achieve financial well-being. Here is one way:
**Create a budget and stick to it.** A budget is a plan for how you will spend your money each month. It helps you track your income and expenses, so you can see where your money is going and make sure you are not spending more than you earn. There are many different budgeting methods, so find one that works for you and stick to it.
**Pay off debt.** Debt can be a major financial burden, so it is important to pay it off as quickly as possible. Start by making a list of all your debts, including the amount you owe, the interest rate, and the minimum payment due. Then, focus on paying off the debt with the highest interest rate first. Once that debt is paid off, move on to the next one.
**Save for emergencies.** It is important to have a rainy day fund in case of unexpected expenses, such as a job loss, medical emergency, or car repair. Aim to save enough money to cover at least 3-6 months of expenses.
**Invest for retirement.** Retirement can be expensive, so it is important to start saving for it early. There are many different ways to invest for retirement, so talk to a financial advisor to find the best option for you.
**Live below your means.** This means spending less money than you earn. It can be difficult to do, but it is important to make sacrifices in order to reach your financial goals.
**Get out of debt.** If you are in debt, it is important to get out of it as quickly as possible. There are many different ways to get out of debt, so talk to a financial advisor to find the best option for you.
**Save for your future.** It is important to save for your future, whether it is for retirement, a down payment on a house, or your child's education. There are many different ways to save for your future, so talk to a financial advisor to find the best option for you.
**Get financial advice.** If you are not sure how to achieve financial well-being, it is a good idea to get financial advice from a qualified professional. A financial advisor can help you create a budget, pay off debt, save for your future, and make other financial decisions.
Explanation:
PLEASE HELP Question 21(Multiple Choice Worth 5 points) (04.09 LC) A paid position with specific duties, tasks, and responsibilities in a particular place of work. O Career Interests O Job O Values Question 22 Multiple Choice Worth 5 points) con. PLEASE HELP
Answer:
Job
Explanation:
A job is any regular and legal activity that one does to earn money. A job is a responsibility, position, or role assigned to a worker/ employee. Each job has a job description which details what duties the employer expects the employees to perform.
A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.
What is meant by the economic problem?
Answer:
hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.
interest earned on the original principal amount invested is called _____.
Interest earned on the original principal amount invested is called Simple Interest. The other type of interest is called compound interest.
What is Simple Interest?Simple interest is the interest earned on the original principal amount invested. Simple interest does not take into account any interest earned over time. Simply multiply the principal amount by the interest rate and the time to calculate simple interest.
Simple Interest = Principal x Interest Rate x Time
On the other hand, compound interest is the interest earned on both the initial principal and the interest reinvested from prior periods. Compound interest is calculated by taking the principal balance and adding any interest earned over time. When this earned interest is compounded is determined by your bank and account. Interest can be compounded on a daily, monthly, quarterly, or annual basis.
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How does having a list help save money at the grocery store? What other strategies can you use to save money at the grocery store?
If M = 9,000, P=6, and Y = 1,500, what is velocity? a.0.167
b. 1. c. 4. d. 36.
The correct answer is b. 1.
The velocity of money is the rate at which money circulates in an economy. It is calculated as the ratio of nominal GDP (P × Y) to the money supply (M).
In this case, given M = 9,000, P = 6, and Y = 1,500, we can calculate the velocity using the formula V = (P × Y) / M.
V = (P × Y) / M
V = (6 × 1,500) / 9,000
V = 9,000 / 9,000
V = 1
Therefore, the velocity is 1.
The velocity of money reflects how many times a unit of currency is used in transactions within a given time period. A value of 1 means that each unit of money is spent once during the period, indicating a moderate turnover of money. A higher value would indicate a faster circulation of money, while a lower value would suggest a slower circulation.
It is important to note that velocity is influenced by various factors such as economic activity, consumer behavior, and monetary policy. Changes in these factors can affect the velocity of money, which, in turn, can impact economic growth, inflation, and other macroeconomic indicators.
In summary, based on the given values of M, P, and Y, the velocity is calculated to be 1. This means that, on average, each unit of money is spent once during the specified time period.
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Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds.
Answer:
The appropriate solution will be "$1320".
Explanation:
The given values are:
Material's actual quantity
= $6600
Standard price
= $2.00
Actual price
= $2.20
Now,
The material price variance will be:
= Actual quantity (Standard price - Actual price)
On substituting the values, we get
= \(6600(2.00-2.20)\)
= \(6600\times (-0.20)\)
= \(1320\) ($)
Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.
is your name darel 1234567890
grain co-op llc and hearty cereals inc discuss the terms of a contract for deliveries of corn over a two year period
Grain Co-op LLC and Hearty Cereals Inc are engaged in negotiations to establish the terms of a contract for the delivery of corn over a two-year period. The contract will define the quantity, quality, pricing, and other terms related to the corn deliveries.
Grain Co-op LLC and Hearty Cereals Inc are working towards finalizing a contract that will outline the specifics of corn deliveries between the two parties over a period of two years. The contract will serve as a formal agreement between the grain cooperative and the cereal company, ensuring clarity and mutual understanding of the terms and conditions governing the transaction. The contract will cover various aspects, including the quantity of corn to be delivered, the agreed-upon quality standards, the pricing mechanism, the delivery schedule, and any other relevant terms and conditions. Both parties will negotiate and discuss these terms to reach a mutually satisfactory agreement.
By establishing a contract, Grain Co-op LLC and Hearty Cereals Inc can reduce uncertainties and risks associated with the corn supply. The contract will provide a framework for a long-term business relationship, ensuring a reliable and consistent supply of corn for Hearty Cereals Inc while offering market access and potential stability for Grain Co-op LLC. The negotiations aim to reach a fair and beneficial agreement that meets the needs of both parties involved in the corn delivery arrangement over the two-year period.
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