Answer: Nominal interest rate.
Explanation:
Nominal interest rate is the interest rate before inflation is taken into account.
Nominal interest rate is also the advertised or interest rate stated on a loan, without adding any other fees or compounding the interest.
The nominal interest rate is quoted on bonds, loans etc. It is the advertised rate without taking into cognisance inflation, inflation, taxation and compounding interest.
Answer:
$2040
Explanation:
FIFO under the perpetual inventory system is one in which the sale or purchase of inventory is immediately updated in the inventory account such that the true position of inventory available per time is known.
FIFO is first in first out which means that inventory purchased first are sold first.
Given;
Units Unit Cost Total Cost Units Sold
Beginning Inventory 30 $28 $ 840
Sale No. 1 20
Purchase No. 1 50 $40 $2,000
Sale No. 2 40
Purchase No. 2 20 $44 $880
Totals 100 $3,720 60
Cost of goods sold = $28 * 20 + $28 * 10 + $40 * 30
= $560 + $280 + $1200
= $2040
Answer:
the project fits to the organization strategy.
Explanation:
A project can be defined as a set of actions which typically involves the process of designing, developing, planning, execution and implementation of these plans for the creation of a product or creative work.
There are various criteria that are to be considered when selecting a project and these are;
1. Availability of resources.
2. Probability of success.
3. Economic policies.
4. Target market.
5. Availability of data and capital.
Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is to determine if the project fits into the organization's strategy.
This is to ensure that the aim, goals, and objectives defined by the organizational strategy is in tandem with the project before it would be selected and approved by the top executives or senior management of an organization.
Answer:
Variable, $85; absorption, $105.
Explanation:
Variable costing $85
Absorption costing $105=(85+20)
