The board of directors has the responsibility of the careful and responsible management of an organization. So, option (a) broad of directors is correct.
A board of directors is the governing body of an organization that manages all the activities of the organization. The board of directors is responsible to set the strategic plans and oversee management. In this way, the board helps the organization to establish broad goals; supports senior management in pursuing those goals; and ensures the organization has well-managed, adequate resources at its disposal.
Every public organization has a board of directors that is elected by shareholders. The board usually consists of 8 to 12 directors who typically meet at regular intervals.
While the other options are incorrect because:
Ethics officers: They are responsible for ensuring that the organization follows proper codes of conduct and operates in an ethical manner. Middle-level managers: They are responsible for executing organizational plans that align with the organization’s policies. Supervisors: The key role of supervisors is to manage the workflow of their team. Managers: They are most often responsible for a specific function or department within the organization.
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Economics as a discipline, if collapsed into its most simple form, could
MOST accurately be described as the study of which two market forces?
discretion and income
barter and exchange
supply and demand
push and pull
Economics as a discipline, if collapsed into its most simple form, it could most accurately be described as the study of which two market force which are demand and supply.
What is an Economics?It basically refers to the study of how people allocate scarce resources for production, distribution, and consumption. Extensively, it means the social science that focuses on the production, distribution, and consumption of goods, services and analyzes the choices that individuals, businesses, governments, nations etc make to allocate resources.
In conclusion, when the social science is collapsed into its most simple form, it could most accurately be described as the study of which two market force which are demand and supply.
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If the equipment is sold at the end of year 4 for $30,000, what is the depreciation recapture on this equipment?
The depreciation recapture conditions for properties and equipment vary.
Solution:
Depreciation per year = (P-S)/N = (50000 - 10000) / 5 = 40000 / 5 = 8000
BV at end of 4 yrs = 50000 - 4 * 8000 = 50000 - 32000 = 18000
Depreciation recapture = 30000 - 18000 = 12000.
Depreciation expense is incurred when the rental property is sold. Depreciation recovery is the process used by the IRS to collect taxes on gains made on an income property and to recoup the gains received by using depreciation to reduce taxable income. Capital gains tax applies to the recovery of depreciation expenses affecting real estate and land. However, depreciation of equipment and other assets does not include capital gains tax. Avoid re-depreciation by selling assets for less than book value.
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True or false: virtually all economists agree that a useful estimator must be unbiased.
a. true
b. false
Answer:
false
Explanation:
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Zapper has beginning equity of $261,000, net income of $53,000, withdrawals of $42,000 and investments by owners of $8,000. its ending equity is:____.
Zapper has beginning equity of $261,000, net income of $53,000, withdrawals of $42,000 and investments by owners of $8,000. its ending equity is $227,000.
What is equity?The equity is the sum of the stockholders' investment, current year's net income, and beginning retained earnings. Shareholder' equity decreases when the company incurs a loss.The equity accounts of an entity are presented in its balance sheet, and include its common stock and retained earnings account. The movements in equity accounts are disclosed in the Statement of Changes in Equity.The common stock account increases when shareholders invest additional capital in the entity.Retained Earnings increase when the company generates a net income and decreases with distributions, called dividends paid, to the shareholders and when the company suffers losses.To learn more about equity, refer: https://brainly.com/question/13278063?referrer=searchResults
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You decide to purchase real property, what type of property (condo, single family home, apartment building, commercial property, parking lot, etc.) would you buy? why?
I would purchase Single-family home because it gives more privacy and can be used as real estate investing.
What is a single-family home?
A freestanding home set alone on its own piece of property.A single-family home is an independent residential structure that sits on its own land and is designed to be used as a single dwelling unit, having just one kitchen, unshared walls and unshared utilities.It gives you more privacy as it is built on a piece of private property and doesn't share walls. There is always more storage space compared to any other type of property with shared walls, you have scope for shed or garage.It has low cost entry, Reduced Tenant Turnover.To learn more about real estate investing, refer: https://brainly.com/question/10336196?referrer=searchResults
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If actual production totals 6,000 units, which is within the relevant range, the flexible budget would show fixed costs of:_______
The fixed cost as per the static budget is $12,000.
What is a fixed cost?Fixed costs, sometimes referred to as indirect costs or overhead costs in accounting and economics, are costs incurred by a corporation that are independent of the volume of goods or services the company produces. They frequently occur again and again, like monthly rent or interest payments. These expenses are often capital expenses as well.Costs that are fixed are those that don't change based on volume. Most fixed costs are expenses that depend more on time than on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.Rent and mortgage payments are two examples of fixed expenses. Auto loans. Additional loan paymentsTotal production costs — (Variable cost per unit multiplied by the number of units produced) = Fixed costs.Compute the fixed cost as per the static budget as shown below:
Fixed cost-Number of units under static budget Fixed cost per unit
=-4,000 units*$3
=$12,000
Thus, the fixed cost as per the static budget is $12,000.
Fixed cost
Fixed cost remains the same even though there is a change in the level of activity subject to
the condition that the actual production is within the relevant range As the actual production of 5,000 units is within the relevant range of production the fixed
cos does not change
Thus, the amount of fixed cost is $12,000, and the correct option is Option $12.000
If actual production totals 6,000 units, which is within the relevant range, the flexible budget would show fixed costs of: $12.000.
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Wild fires destroy hundreds of homes on the west coast of the united states. what is this considered? group of answer choices
a. emergency
b. event
c. disaster
d. incident
Internal and external stakeholders such as customers, suppliers, or employees who interact with the information in support of their organization's planning and operations are known as ____________.
Internal and external stakeholders such as customers, suppliers, or employees who interact with the information in support of their organization's planning and operations are known as data users.
Data user:
A data user is someone who accesses and investigates integrating datasets for statistical and research reasons.
What exactly Is a Stakeholder?
A stakeholder is a party who has an interest in a firm and can influence or be influenced by it. A typical corporation's key stakeholders are its investors, employees, customers, and suppliers. Stakeholders may be both internal and exterior to a company. Internal stakeholders are those who have a direct interest in a firm, such as employment, ownership, or investment.
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Interdependence among individuals and interdependence among nations are both based on the gains from trade. True or false?.
It is true that two countries can benefit from trade even if one of them has a clear advantage in producing all goods. Each nation only needs to have a comparative advantage in one particular good.
When producing a specific good, agents in an economic model have a comparative advantage over rivals if they can do so at a lower relative opportunity cost or autarky price, that is, at a lower relative marginal cost before trade.
Your greatest skill and least amount of sacrifice are your comparative advantages. If you are a great babysitter and a great plumber, for instance, your comparative advantage is plumbing.
Developed by British economist David Ricardo in the 19th century, comparative advantage is an economic theory that links differences in relative opportunity costs, or the price paid for producing a given good, across nations, to the causes and benefits of international trade.
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Bob has saved $580 each month for the last 3 years to make a down payment on a house. the account earned an interest rate of .43 percent per month. how much money is in bob's account?
As we know--
FVA = P * ((1 + r)n- 1 / r)
Where, FVA is future value of annuity, P is the periodical amount = $580, r is the rate of interest = 0.43% per month and n is the time period = 3 * 12 = 36 months.
Now, putting these values in the above formula, we get,
FVA = $580 * ((1 + 0.43%)36- 1 / 0.43%)
FVA = $580 * ((1 + 0.0043)36- 1 / 0.0043)
FVA = $580 * ((1.0043)36 - 1 / 0.0043)
FVA = $22530.58 is the answer.
In finance and economics, interest is price from a borrower or deposit-taking economic group to a lender or depositor of an quantity above reimbursement of the predominant sum, at a specific rate. it is awesome from a rate which the borrower may additionally pay the lender or a few 1/3 party.
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What are the primary determinants of the level of committed costs? discretionary costs?
Committed fixed costs are those fees which are fixed duties of the business and need to be incurred to maintain continuity of operations. Discretionary constant prices are those charges which can be elective to the volume that their incurrence and fee is decided by means of budgeting exercise of the control.
A discretionary expense is a cost that a enterprise or family can live on with out, if necessary. Discretionary expenses are often described as nonessential spending. This means a commercial enterprise or family continues to be capable of keep itself even if all discretionary customer spending stops.
Discretionary expenses (avoidable prices) are fees or capital expenses that can be curtailed or maybe removed inside the quick term while not having an immediate impact on the fast-time period profitability of a business. Examples of discretionary expenses include advertising and marketing, renovation, education, R&D, and many others.
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An increase in the debt ratio will generally have no effect on which of these items?
a. business risk
b. total risk
c. financial risk
d. market risk
An increase in the debt ratio will generally have no effect on business risk.
What is debt ratio?A debt ratio measures the amount of leverage used by a company in terms of total debt to total assets.This ratio varies widely across industries, such that capital-intensive businesses tend to have much higher debt ratios than others.A company's debt ratio can be calculated by dividing total debt by total assets.A debt ratio of greater than 1.0 or 100% means a company has more debt than assets while a debt ratio of less than 100% indicates that a company has more assets than debt.Some sources consider the debt ratio to be total liabilities divided by total assets.To learn more about debt ratio, refer: https://brainly.com/question/14553933
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What form of business ownership did troy smith select when he first made the decision to be an entrepreneur? corporation partnership franchise cooperative sole proprietorship
Sole proprietorship
Sole proprietorship can be defined as the simplest form of business in which a person can run a business; it simply refers to a business that is owned, and usually managed, by one person. Troy Smith initially started his root beer stand "Top Hat" as a sole proprietorship.
There are forms of business entities or forms of business ownership that are legal entities and some are not. What is meant by a legal entity is a business entity that has its own assets! separated from the assets of its founders or management. Businesses in the form of legal entities are:
Limited Liability Company Cooperatives and Business FoundationsThat are not in the form of legal entities are:
Sole proprietorshipsFirm partnershipsLimited partnershipsThere are various forms of business ownership. Which form will be chosen depends on the act of considering the form of leadership of the capital structure, responsibility for the company's debts and receivables, and the continuity of the company. Forms of business ownership include:
Sole Proprietorship Limited Liability Company (PT) Firm CV Cooperative FoundationYou can learn more about Sole proprietorship here brainly.com/question/1428023
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The discount rate that makes the present value of the bond's payments equal to its price is known as the?
The internal rate of return (IRR) of the bond is expressed as yield to maturity (YTM). The discount rate that compares the present value of future cash flows to the initial investment is known as the IRR for a project. The discount rate, as used in capital budgeting, is what brings the net present value (NPV) to a negative number.
Yield to maturity (YTM) is the overall rate of return that a bond will have earned once all interest payments are made and the principal is repaid. In essence, YTM represents the internal rate of return (IRR) on a bond if held to maturity.
The annual income from an investment, which includes dividend and interest payments, is divided by the security's current market value to determine a bond's current yield. The total return anticipated on a bond if it is held until its maturity date is known as yield to maturity (YTM).
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Madison+purchased+a+new+car+for+$23,000.+she+was+allowed+$3,000+for+her+trade+in+and+financed+the+remainder+over+48+months+at+a+rate+of+4%+per+year.+how+much+is+her+monthly+payment?
The monthly payment to be made for 48 months $ 451.58.
Finance, of financing, the is the technique of raising price range or capital for any sort of expenditure. it's far the method of channeling various budget inside the shape of credit score, loans, or invested capital to the ones financial entities that maximum need them or can placed them to the most productive use.
Finance is the specialized look at of how an individual or a company manages its budget. frequently blended or overlapped with accounting/business, a finance degree offers you a broad knowledge of the way that money impacts humans and places.
Price of new car 23000
Less: trade n allowance 3000
Net cost to be financed 20000
Annual Rate of interest = 4%
Monthly rate of interest = 4/12 = 0.33%
Annuity PVF at 0.333% for 48 months 44.28918
Monthly payment to be made for 48 months 451.58
(20000 / 44.28918)
The answer is $ 451.58
Disclaimer:- The proper question is:-
Q. Madison purchased a new car for $23,000. she was allowed $3,000 for her trade in and financed the remainder over 48 months at a rate of 4% per year. how much is her monthly payment?
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Given an anticipated inflation premium of 1. 45% and a real rate of interest of 4. 34%, what is the nominal interest rate? round your answer to 4 decimal places.
The nominal interest rate is 5.85% when given an anticipated inflation premium of 1. 45% and a real rate of interest of 4. 34%,
The expectation regarding rising inflation will results in a higher long-term rate of interest as many lenders and borrowers can build an increased type of inflation premium. The nominal interest rate is defined as the percentage of increase in money which pay the lender for using the money which you borrowed. A real interest rate is the type of interest rate which has been adjusted to remove those effects caused by inflation.
Here the rate of Inflation Premium is given as = 1.45%
The given rate of Real Interest Rate = 4.34%
The formula which is used for the calculation of nominal interest rates is given as,
( 1 + Nominal Interest Rates ) = ( 1 + Real Interest Rate ) × ( 1 + Inflation Premium Rate )
Nominal Interest Rate = { ( 1 + Real Interest Rate ) × ( 1 + Inflation Premium Rate ) } - 1
Nominal Interest Rate = { ( 1 + 0.0434 ) × ( 1 + 0.0145 ) } - 1
Nominal Rate = 5.85%
Hence, the nominal rate of interest is calculated as 5.85%
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Sam is paying off his eight-year, $15,360 loan in semiannual installments. The loan has an interest rate of 9. 58%, compounded semiannually, and a service charge of $1,294. 64. Once the loan has been fully paid off, what percentage of the total finance charge will the service charge be?.
The ideal response the service charge will make up 15.68% of the total finance charge.
Finance Charge, often known as the cost of borrowing or cost of credit, refers to the interest or fees that have accrued on the approved credit capacity; occasionally, there is also a flat charge for the charge. However, the majority of the time, it is the ratio of borrowing from an extended line of credit.
Finance charge overall
Given,
Sam makes semi-annual payments on a $15,360 loan.
$15,360 is amount A.
9.58% is the interest rate
Semi-annual compounding
Therefore, rate= 9.58%/2 = 4.79%.
number of cycles, n
P being a recurring payment,
Sam's total payment over 16 periods was
Since the service charge equals $1,294.64,
Total finance charge equals the sum of the payment plus the service fee.
Service fees will make up 15.68% of the total finance fees.
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The interaction of buyers and sellers in a market is fundamental for the determination of:________
The interaction of buyers and sellers in a market is fundamental for the determination of price.
What is the relationship between the buyers and the sellers?The relationship that exists is the price of the good that is being sold from which a buyer would agree to get the goods that the seller would bring to the market. At every price, the buyer is willing to pay for a good if they are able to get the satisfaction that they need from the good at the price that it is listed for in the market.
Hence we can say that the interaction of buyers and sellers in a market is fundamental for the determination of price.
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Economic inflows to a firm that result from selling goods and services are called?
Economic inflows to a firm that result from selling goods and services are called revenue
Revenue specifies when revenue should be recognized from the sale of goods, the rendering of services, as well as interest, royalties, and dividends. Revenue is calculated at the fair value of the consideration received or receivable and recognized when certain conditions, which vary depending on the nature of the revenue, are met.
Revenue is defined as the gross inflow of economic benefits (cash, receivables, and other assets) resulting from an entity's normal operating activities (such as interest, royalties, and dividends, sales of goods, sales of services)
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On december 27, 2022 , abc, inc receives a $5,000 deposit by a customer for some remodeling that is scheduled to be started on december 29, 2022 and completed on january 3, 2023. The company president tells the accountant to go ahead and book the $5,000 as revenue since the completion of the project will only take a few days. What is the ethical dilemma involved?.
The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered.
According to the idea of revenue recognition, we can only record revenue under the accrual basis of accounting after a business has finished the process of generating revenue. Therefore, if a company is getting money in an obstruction when a consumer makes a payment, the entity can record it as a liability rather than a profit. after the completion of they might acknowledge the cash as compensation for all work. Therefore, the president's call to record consumer payments as income for renovation work that hasn't yet been finished is wrong.
So, The Revenue Recognition idea is the source of the problem. A service cannot be recorded as revenue until it has been rendered. The revenue cannot be recorded prior to January 3rd due to the remodelling project's impending completion.
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How does the overall economy benefit from you having a job?
You having a job contributes to the economy with taxes and with most jobs you're probably selling a good so the community is getting things they want, and these people who pay for it also are paying a tax on it, it also keeps you off the streets so you're not polluting your city.
If the lowest limit sell order for ibm stock is $138 per share and the highest limit buy order is $136, the bid-ask spread on ibm stock is?
If the lowest limit sell order for IBM stock is $138 per share and the highest limit buy order is $136, the bid-ask spread on ibm stock is 2.
A stock is a form of protection that shows the holder has proportionate ownership in the issuing business enterprise and is sold predominantly on inventory exchanges. businesses trouble stock to raise funds to operate their companies. There are fundamental kinds of inventory: commonplace and favored.
Example, if a company has a hundred,000 stocks, and also you purchase 1,000 of them, you own 1% of the enterprise. proudly owning shares lets in you to earn extra from the organization's increase and gives you shareholder voting rights.
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How+long+will+it+take+for+an+investment+to+double+at+a+3%+per+year?
(a) simple+interest+rate
(b) compound+interest+rate
It will take for an investment to double at a 3% per year simple interest rate.
Funding is the determination of an asset to obtain a boom in fee over a time period. investment calls for a sacrifice of some present asset, inclusive of time, cash, or effort. In finance, the motive of making an investment is to generate a go back from the invested asset.
An investment is an asset or item obtained with the aim of producing earnings or appreciation. Appreciation refers to a boom in the cost of an asset through the years. while a character purchases an amazing as funding, the rationale is not to devour the best but alternatively to use it inside the future to create wealth.
The maximum common examples of funding sorts. Investment, in preferred, refers to the acquisition of something for destiny use with the aim of producing everyday coins that go with the flow or increasing the value of something over time so that it is able to be offered for a higher fee than it becomes bought for, i.e. capital profits.
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This question is incomplete. Look below for the proper question.
How long will it take for an investment to double at 3% per year?
(a) simple interest rate
(b) compound interest rate
Melissa offers you $1,000 today or $1,500 in 5 years. you would prefer to take the $1,500 in 5 years if the interest rate is:__________
Melissa offers you $1,000 today or $1,500 in 5 years. you would prefer to take the $1,500 in 5 years if the interest rate is: 8%.
interest rate is the amount of interest payable each period, corresponding to the amount lent, deposited, or borrowed. The total amount of interest on a loan or borrowed amount depends on the principal amount, the interest rate, the frequency of compounding, and the length of time it is loaned deposited or borrowed.
interest rate is the amount the lender charges the borrower and is a percentage of the principal, i.e. the amount lent. The interest rate on a loan is usually recorded on an annual basis called the annual percentage rate (APR).
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B. tanner contributed $14,000 in cash plus office equipment valued at $7,000 to the jt partnership. the journal entry to record the transaction for the partnership is:_______
The journal entry to record the transaction for the partnership is Debit Cash $14,000; debit Office Equipment $7,000; credit B. Tanner, Capital $21,000
A journal entry is a record of a business's financial transactions kept in its accounting books. An accurate date, the amounts to be debited and credited, a description of the transaction, and a special reference number are all components of a properly documented journal entry. Transactions are recorded in a subsidiary book of accounts called the journal. A journal entry is an act of recording any transaction, whether one that is economic or not. An accounting journal that displays the debit and credit balances of a company lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
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When working together on a group writing project, what is the most important stage of the process?
When working together on a group writing project, planning is the most important stage of the process?
What do you understand by team planning?
Team planning is the process of making strategies and operational plans for the team. It includes strategically aligning the team's work to the overall direction of travel for the business.
It provides a clear roadmap to success by making the strategic objectives for your team and breaking these down into specific projects, goals, and tasks. Instead of focusing on day-to-day tasks, team planning allows one to zoom out and see the bigger picture of the scenario.
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When retailers collect sales taxes from customers, the taxes collected are recorded as:________
a. unearned sales taxes revenue.
b. sales.
c. sales taxes payable.
d. cash.
When retailers collect sales taxes from customers, the taxes collected are recorded as Sales or Sales taxes payable.
What are Sales taxes payable?A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase.
Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority.
The sale and use tax are frequently exempted for some goods and services, including food, education, and medical. A sales tax is similar to a value-added tax (VAT) that is levied on products and services.
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The most valuable investment given up if an alternative investment is chosen is referred to as a(n):__________
The most valuable investment given up if an alternative investment is chosen is referred to as a(n) opportunity cost.
Funding is the determination of an asset to gain an increase in cost over a time frame. investment requires a sacrifice of some present asset, along with time, cash, or attempt. In finance, the motive of making an investment is to generate a go back from the invested asset.
An investment is an asset or object acquired with the goal of generating profits or appreciation. Appreciation refers to an increase in the value of an asset over time. whilst an character purchases a good as an investment, the purpose isn't to devour the good but alternatively to use it within the future to create wealth.
Making an investment is the act of purchasing monetary property with the capacity to growth in cost, inclusive of shares, bonds, or stocks in alternate Traded price range (ETF) or mutual price range.
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The formula models the population of a us state, a, in millions, t years after 2000.
a. what was the population of the state in 2000?
b. when will the population of the state reach million?
The population of the state in 2000: was 24.2 million,
The population of the state reach a million: in 2003
What do you mean by population?In common parlance, a population is a distinct group of people who share a common citizenship, identity, or set of traits. A population is a sampling that is typical of a broader group of individuals (or even objects) that share one or more characteristics.It is a collection of members of the same species that can procreate together and occupy a specific space during a certain amount of time. Community It is an amalgamation of many populations in a specific location that displays trophic linkages that facilitate interaction and interdependence.It could be a collection of people, things, occasions, organizations, etc. To make inferences, use populations. population in Figure 1. A population can be all the students at a particular school. All of the pupils enrolled at that school at the time of data collection would be included.a. what was the population of the state in 2000?
in 2000, t=0
so,
A = 24.2 * e.0775*0 million = 24.2 million
Answer= 24.2 million.
b. when will the population of the state reach a million?
31.4 = 24.2 e.0775*t
0075*t=ln(31.4/24.2)
t= 3.3
Hence, the answer = is 2003
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Which type of cost flows through the formal accounting records in a standard cost system?
Standard cost system: Cost system in which standard, not actual, cost flow through the formal accounting records -Regardless of whether a standard cost system is used, standard costs can be useful at the end of the period for financial control purposes.
What is standard costing?By dividing the standard cost by the overall quantity, in this case 4634 units, the corporation may calculate the cost of producing one pair of running shoes. The business can plan the manufacturing budget and determine the ultimate selling price of the product using the standard costing value.You must multiply the rate of each by the quantity to get these costs (in units or hours). For instance, if the cost of direct materials is $10 and the unit size is 20 pounds, $10 would be multiplied by 20 to equal $200. This would be the typical price for only the direct materials.Companies that use standard costing for inventory assign predetermined costs to inventory items. This method is used to monitor and control inventory costs and levels, and it can be useful when creating budgets and making decisions.Using predetermined standard costs for direct materials, direct labor, and industrial overheads, standard costing is an accounting method. The first cost management method is budgetary control, and the second is standard costing. Additionally, it is one of the most recent advancements in cost accounting.Standard cost system: Cost system in which standard, not actual, cost flow through the formal accounting records -Regardless of whether a standard cost system is used, standard costs can be useful at the end of the period for financial control purposes.
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