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weeeeeb [17]
2 years ago
3

Suppose you are still committed to owning a $245,000 Ferrari (see Problem 9). If you believe your mutual fund can achieve an ann

ual rate of return of 11.2 percent and you want to buy the car in 9 years (on the day you turn 30), how much must you invest today
Business
1 answer:
Ilia_Sergeevich [38]2 years ago
7 0

Answer:

By investing $94237.34 today at 11.2% interest per year for nine years, I will have $245000 in nine years' time

Explanation:

The formula required here present value.which gives today's value of $245000 in nine years at interest rate of 11.2%,

PV=FV/(1+r)^n

FV=future value =$245000

r=rate=11.2%

n=number of years=9 years

PV=245000/(1+0.112)^9

PV=$94237.34

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A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
Vika [28.1K]

Answer:

The correct answer is letter "A": Histogram.

Explanation:

A Histogram is a graphic representation of grouped data in intervals. The data comes from quantitative variables. A histogram allows generating an idea of the distribution of the data or samples. Qualitative data can also be used but the amount of data must be large. This type of graph plots rectangular vertical bars together with proportional height to the intervals they represent.

Thus,<em> the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

7 0
2 years ago
The government imposes a $1,000 per year license fee on all pizza restaurants. Which cost curves shift as a result? Select one:
zzz [600]

Answer:

correct option is a. average total cost and average fixed cost.

Explanation:

given data

license fee  = $1,000 per year

solution

we know that cost curves shift will be express as when the increase in the price of factor of production increase cost and shift cost curves upward

so cost curves shift by the average total cost and the average fixed cost

so here correct option is a. average total cost and average fixed cost.

3 0
2 years ago
Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin Gross
noname [10]

Answer:

C) No Yes

Explanation:

When an income statement is prepared using absorption costing then, firstly revenue from sales is shown, then cost of goods sold will be shown, which includes direct fixed cost + Variable direct cost, that is cost related to production from this we get gross margin after that selling and administration expenses are deducted and we get operating profit, in income statement using absorption costing there is no, contribution margin, only gross margin and net operating income.

Sales

Less: Cost of goods sold

Gross Margin

Less: Administrative Cost

Net Operating Margin

Therefore Correct option is

C) No Yes

5 0
2 years ago
Elmer Inc., a software company, has a diverse workforce. Its employees work hard to meet their goals, and therefore, the managem
Nadusha1986 [10]

Answer:

d. It has high levels of job embeddedness.

Explanation:

Job embeddedness as described and originated by Mitchell et al(and colleagues) are the various factors that influence or bring about job retention or simply keeps one at a particular job or an organization hence reducing job turnover. Under job embeddedness, an employee is likely to stay in an organization and not leave if he feels a connection to it which could be in terms of his connection to his team or colleagues in the organization or other things outside the organization like family. Job embeddness was meant to improve on traditional models of job turnover that only incorporated such factors as job satisfaction, job alternatives and employers commitments. A high level of job embeddedness is likely in Elmer Inc because there is likely to be alot more connection amongst staff as the work environment makes this very much possible.

5 0
2 years ago
Alton Company uses a process-costing system for its single product. Material A is added at the beginning of the process; in cont
Semenov [28]

Answer:

e. A, 6,000; B, 6,000.

Explanation:

At the beginning of the process Materials A are added. Therefore it won't matter if the process is 80% or less/more is complete, the materials A have already been added and would be equivalent to the ending work-in-process inventory i.e. 6,000 units.

Materials B are added when the units are 75% complete. Since the ending work-in-process are 80% complete, then this means that the Materials B equivalent to 6,000 units have already been added to the ending inventory.

Hence, both materials A and B have been added to the ending work-in-process inventory for 6,000 units. Therefore, option E is correct.

8 0
2 years ago
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