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3 years ago

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:

Business

1 answer:

Hitman42 [59]3 years ago

7 0

Answer:

a) Cardinal Company, department 6

Budget performance report

For the month ended march 31, 202x

Budget Actual Over Under

budget budget

Materials $208,000 $204,000 $4,000

Factory wages $265,000 $285,000 ($20,000)

Supervisory salaries $67,800 $63,600 $4,200

Depreciation P&E $35,000 $35,000 - -

Power and light $22,500 $21,360 $1,140

Insurance and $15,500 $14,400 $1,100

property taxes

Maintenance $9,700 $9,456 $244

Total $623,500 $632,816 ($9,316)

b) Factory wages were higher than budgeted by $20,000 or 7.55%, supervisory salaries were lower than budget by $4,200 or 6.19%, power and light were lower than budgeted by $1,140 or 5.07%, and insurance and property taxes were lower than budgeted by $1,100 or 7.1%

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You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4

neonofarm [45]

Answer:

The answer is option a). $16,111.99

Explanation:

To calculate the total amount amount you will have after 4 years, we need to sum the total amount after the end of each year for four years.

a). Total amount at the end of the first year

Total amount=Deposit+Interest

where;

Deposit=$3,500

Interest=Deposit×interest rate×number of years=3,500×(5.7/100)×1=199.5

replacing;

Total amount after the end of the first year=(3,500+199.50)=$3,699.50

b). Total amount at the end of the second year

Deposit for the second year=Total amount after end of first year+3,500

Deposit for the second year=(3,699.50+3,500)=7,199.50

Total amount at the end of the second year=Deposit+Interest

Total amount at the end of the second year=7,199.50+(7,199.50×5.7/100×1)=7,609.8715

Total amount after the end second year=$7,609.8715

c). Total amount at end of the third year

Deposit for the third year=Total amount after end of second year+3,500

Deposit for the third year=(7,609.8715+3,500)=11,109.8715

Total amount at the end of the third year=Deposit+Interest

Total amount at the end of the third year=11,109.8715+(11,109.8715×5.7/100×1)=11,743.134

Total amount for the end of the third year=$11,743.134

d). Total amount at end of fourth year

Deposit for the fourth year=Total amount at the end of the second year+3,500

Deposit for the fourth year=(11,743.134+3,500)=15,243.134

Total amount at the end of the fourth year=Deposit+Interest

Total amount at the end of the third year=15,243.134+(15,243.134×5.7/100×1)=16,111.99

Total amount for the end of the fourth year=$16,111.99

4 years from now, you will have $16,111.99

8 0

2 years ago

Orlando Boom has been offered an internship at a local animal shelter for six weeks during the summer, four hours each week day.

Cerrena [4.2K]

Answer:

False

Explanation:

There is no such thing as community engagement graduation requirements. However there is internship as a requirement for college graduation.

Therefore , Orlando can use this internship to only fulfill his internship graduation requirements having learnt practical knowledge from the animal shelter for six weeks.

5 0

2 years ago

Read 2 more answers

The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each y

matrenka [14]

Answer:

Year Nominal wage Real wage Price level Inflation rate

1 $7 $5 140 Nil

2 $9 $6 150 7.14 %

3 $12 $7.5 160 6.67 %

Explanation:

Note: The table for the question is attached as picture

Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100

Price level in Year 1 = ($7.00 / $5.00) * 100

Price level in Year 1 = 1.4 * 100

Price level in Year 1 = 140

Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.

Real wage in Year 2 = ($9.00 / 150.00) * 100

Real wage in Year 2 = $6

Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.

Nominal wage in Year 3 = ($7.50 * 160) / 100

Nominal wage in Year 3 = $1,200 / 100

Nominal wage in Year 3 = $12

Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.

Inflation rate in Year 2 = (150 - 140) / 140

Inflation rate in Year 2 = 10 / 140

Inflation rate in Year 2 = 0.0714

Inflation rate in Year 2 = 7.14 %

Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.

Inflation rate in Year 3 = (160 - 150) / 150

Inflation rate in Year 3 = 10 / 150

Inflation rate in Year 3 = 0.0667

Inflation rate in Year 3 = 6.67%.

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2 years ago

1. How does Cobley connect the ideas of brands and force? What is his point about brands?

fomenos

Answer:

How does Cobley connect the ideas of brands and force? ... He connects them by saying that the more weight the brand has the more effort it takes to change or move that brand.

Explanation:

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2 years ago

Which type of culture would most likely include characteristics such as openness, freedom, debate, and risk-taking?

adell [148]

Answer:

e. diversity-focused

Explanation:

-Ethical culture refers to a culture in which people behave according to the group of values and standards set by the organization.

-Friendly is a culture where there is a good working environment in which people are nice and kind.

-Innovative is a culture in which leaders motivate people to think differently and propose new things.

-Customer-responsive is a culture in which people focus on taking care of customer's needs.

-Diversity-focused is a culture in which the company is open to people with different backgrounds where there is freedom to offer new perspectives that allows to generate debate and people is more willing to take risks.

According to this, the answer is that the type of culture that would most likely include characteristics such as openness, freedom, debate, and risk-taking is diversity-focused.

8 0

2 years ago