To meet their goal of saving $10,620 for a house addition, the Greens must adjust their saving plan. Neither option A nor option B will allow them to meet their goal.
To solve this problem, we can use the concept of proportions. Let's set up a proportion with the original saving plan and the amount saved after a year:
By simplifying each proportion, we can determine if the Greens will meet their goal:
Therefore, the statement 'Only option A will allow them to meet their goal' is false. The correct answer is Option A and B will not allow them to meet their goal (option d).
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Answer:
Value of the bonds at December 31th: 1,415,658
Interest revenue: 77570.63 + 77712.01 = 152,282.64
Explanation:
effective rate method:
interest revenue: carrying value x market rate
1,410,375 x 5.5% = 77,570.63
and 1,412,946 x 5.5 = 77,712.01
cash proceeds: face value x bond rate
1,500,000 x 10%/2 = 75,000
amortization on bonds: the difference between each other.
77570.63- 75,000 = 2,570.63
77,712.01 - 75,000 = 2,712.01
Period Carrying procceds Interest Amortization Ending Value
June 1,410,375 75000 77570.63 2570.63 1,412,946
Dec 1,412,946 75000 77712.01 2712.01 1,415,658
Management is important for the growth of an organization and its success. Management is essential for organizing, leading, and controlling the resources of the organization. The importance of management can be based upon the following:Planning: Planning is the most important function of management. Planning helps in determining the goals and objectives of the organization. It involves developing policies, procedures, rules, regulations, and programs to achieve these objectives. Planning is a necessary process as it helps to achieve the goals and objectives of the organization.Organizing: Organizing is another important function of management. It involves determining the resources needed to achieve the objectives of the organization. Organizing involves developing a structure that helps in the smooth flow of information and helps to achieve the goals of the organization.Leadership: Leadership is important in management as it helps to influence and motivate people to achieve the goals of the organization. Leadership involves inspiring, guiding, and directing people to achieve the objectives of the organization.Controlling: Controlling is the last function of management. It involves measuring the performance of the organization and taking corrective measures to improve the performance of the organization. Controlling helps in evaluating the performance of the organization and taking corrective measures to achieve the objectives of the organization.In conclusion, management is important for the growth and success of the organization. Management helps in planning, organizing, leading, and controlling the resources of the organization. These functions help in achieving the goals and objectives of the organization.
Answer: Occupation or exploitation
Explanation:
Foreign business would find it differently difficult to break into the local market of a particular environment. One of the ways they can break into such market is by exploitation. They have to exploit the market by carrying out extraordinary deeds in what their products offer or how they intend selling their product to the local market they are approaching. They need to be creative with their plan and seek ways to capture the fancy of these market.
The incorrect statement related to the custodial accounts is " custodial accounts represent a way parents can indefinitely control children.
The custodial accounts can be defined as the accounts that are managed by a legal person or a guardian for the benefit of the beneficiary. The person who administer the account has an fiduciaryobligation towards the beneficiary.
The minors can set a custodial account with their parents or any of the elder relative or friend. The Guardian can withdraw money from the custodial account for the benefit of the beneficiary or minor.
Therefore the correct option is a.
Learn more about custodial accounts here:
Answer:
custodial accounts represent a way parents can indefinitely control children
Explanation:
A custodial account is a financial account like the bank account, the trust fund or the brokerage account that could be set up for the beneficiary benefit and it is held by the responsible person who we called as the legal guardian
So as per the given situation, the above statement should be considered as it does not represent the way in which the parents could have the indefinite control with their children
Therefore the same is to be relevant
Based on the information given, it should be noted that the variable cost per unit will be $14.
The variable cost per unit will be:
= Direct materials + Direct labor + Variable manufacturing overhead + Sales commission + Variable administrative expenses
= 7 + 4 + 1.5 + 1 + 0.5
= 14
The total amount of variable cost will be:
= 14 × 18000
= $252000
When 22,000 units are produced and sold, the total amount of variable cost will be:
= 22000 × 14 = $308000
The average fixed cost manufacturing cost per unit will be:
= (20000 × 5)/18000
= 5.56
When 22,000 units are produced, the average fixed manufacturing cost per unit produced will be:
= (20000 × 5)/22000
= 4.55
The total amount of fixed manufacturing overhead incurred will be:
= 20000 × 5
= $100000.
Learn more about variablescost on:
Answer:
1) total variable cost per unit $14
2) total variable cost per unit $14
3) total variable cost = $14 x 18,000 = $252,000
4) total variable cost = $14 x 22,000 = $308,000
5) average fixed manufacturing cost = $100,000 / 18,000 units = $5.56 per unit
6) average fixed manufacturing cost = $100,000 / 22,000 units = $4.55 per unit
7) total fixed manufacturing overhead = $100,000
8) total fixed manufacturing overhead = $100,000
Explanation:
The company's variable costs for producing 20,000 units
The company's variable costs for producing 20,000 units