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2 years ago

Which of the following is NOT one of the reasons that globalization has taken place?

Business

1 answer:

larisa86 [58]2 years ago

6 0

Answer: The correct answer is choice c.

Explanation: Globalization is the process in which businesses start operating on an international scale. Of the four options that are listed, the reason that is not one of the reasons that globalization has occurred is choice c - low differences in labor costs.

Cheaper labor is one of the primary reasons why some businesses are moving their manufacturing to other countries, making it the correct choice for this question.

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The calculations have to be using Excel. How do I input it?To complete your degree and then go through graduate school, you will

gulaghasi [49]

Answer:

a) $639,610.76

b) $422,923.12

c) $0.00

d) $875,351.49

Explanation:

a) How large of a deposit must she make today?

To calculate this, we make us of the formula for calculating the present value of an ordinary annuity as follows:

PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)

Where;

PV = Amount to deposit today =?

P = yearly withdrawal = $95,000

r = interest rate = 4% = 0.04

n = number of years = 8

Substitute the values into equation (1) to have:

PV = $95,000 × [{1 - [1 ÷ (1 + 0.04)]^8} ÷ 0.04]

PV = $95,000 × 6.73274487495041

PV = $639,610.76

Therefore, she must make a deposit of approximately $639,610.76 today.

b) How much will be in the account immediately after you make the 3rd $95,000 withdrawal

Note: See Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 3 and it can be seen that this is $422,923.12.

c) How much will be in the account immediately after you make all the withdrawals including the last one in 8 years?

Note: Also see Part A in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $0.00.

d) Now, if you decide to drop out of school today and not make any of the withdrawal, but instead keep your aunt’s money, that she deposited today, in the account that is earning 4.00%, how much would you have at the end of 8 years?

Note: See Part B in the attached excel file for the calculation of this.

The answer is the ending balance in Year 8 and it can be seen that this is $875,351.49.

The amount is that large because zero amount is withdrawn each year while the account kept on earning interest yearly on the ending balance.

Download xlsx

4 0

2 years ago

Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. T

dolphi86 [110]

Answer:

d. $1,080,000

Explanation:

Contribution per unit = Selling price per unit - Variable cost per unit

Contribution per unit = Selling price per unit - ( Direct Materials + Direct Labor + Variable Manufacturing Overhead + Variable Selling )

Contribution per unit = $160 - ($22 + $15+ $12 + $3)

Contribution per unit = $160 - $52

Contribution per unit = $108 per unit

Contribution margin for the next year = $108 per unit * 10,000

Contribution margin for the next year = $1,080,000

7 0

2 years ago

Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f

IgorLugansk [536]

Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the Utilitarian tradition.

Explanation:

Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.

This theory was proposed by Jeremy Bentham and John Stuart Mill.

In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society

So we can say that Matthew's view of corporate social responsibility is most likely rooted in the Utilitarian tradition.

8 0

2 years ago

When Mary Potts arrived at her store on the morning of January 29, she found empty shelves and display racks; thieves had broken

Alenkinab [10]

Answer:

a. The cost of inventory at the time of the theft is $89,400.

b. Potts uses the periodic inventory method.

Explanation:

a. Using the gross profit method, estimate the cost of inventory at the time of the theft.

The cost of inventory at the time of the theft can be estimated using gross profit method as follows:

Inventory cost on January 1 = $50,000

Net sales = $70,000

Net purchases = $80,000

Gross profit = Net sales * 42% = $70,000 * 42% = $29,400

Cost of goods sold = Net sales - Gross profit = $70,000 - $29,400 = $40,600

Inventory cost on January 28 = Inventory cost on January 1 + Net purchases - Cost of goods sold = $50,000 + $80,000 - $40,600 = $89,400

Inventory cost on January 28 is the same as the cost of inventory at the time of the theft; therefore, the cost of inventory at the time of the theft is $89,400.

b. Doe Potts use the periodic inventory method or does she account for inventory using the perpetual method?

Periodic inventory method refers to an accounting stock valuation practice in which updates to inventory are made at specified intervals such as weekly, monthly, or annually.

Perpetual inventory method refers to an accounting stock valuation practice in which updates to inventory are made continuously and automatically as inventory is received or sold.

From the question, the fact that the only available accounting records showed that Potts had inventory costing $50,000 on January 1 without any other record January 28, this implies that Potts uses the periodic inventory method which could be monthly or annually.

8 0

1 year ago

An outdoor barbecue grill manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of ac

Zina [86]

Answer:

Fixed overhead volume variance $ 2801.3

Explanation:

The difference between budgeted Fixed Overheads and Applied Fixed Overheads gives the Fixed overhead volume variance.

Given Data

(Planned )Denominator level of activity 4,600MHs

Fixed overhead cost$50,140

Actual hours 5,000MHs

Standard hours allowed for the actual output 4,743MHs

Actual total fixed manufacturing overhead cost$48,690

We need Budgeted Fixed overhead and we can find it by dividing the fixed costs by the denominator level of activity and multiplying it with actual hours.

We also need to find Applied Fixed overhead by dividing the fixed costs by the denominator level of activity and multiplying it with standard hours for actual output.

Calculations

Budgeted Fixed Overhead= ($50,140 /4,600MHs )* 5,000MHs

= $ 54,500

Applied Fixed overhead= ($50,140 /4,600MHs )* 4743MHs

= $ 51698.7

Formula

Fixed overhead volume variance=Budgeted Fixed overhead- Applied Fixed overhead

Fixed overhead volume variance= $ 54,500- $ 51698.7= $ 2801.3

5 0

2 years ago