Answer:
its A.
Explanation:
Which of the following about credit cards is FALSE?
Credit cards have annual fees, merchant fees, and interest charges.
Credit card interest rates are usually similar to the interest rates for a line of credit.
Banks will often set the credit card’s APR at 0% as an introductory rate to attract customers.
Banks will offer different incentives for using their credit cards.
Answer:
banks will often set the credit card's APR at 0% as an introductory rate to attract customers
If $1,000 was deposited today at a rate of 15%, its future value in one year would be
$1,000.
$1,150.
$1,500.
$850.
Answer:
$1,150.
Explanation:
First, we find what that 15% is by setting an equation:
[tex]\frac{15}{100} \times \frac{1000}{1}[/tex]
This gives us: $150
Now, we just add that to the deposited money.
$1000 + $150 = $1,150
Hope this helps!
The journal entry to record the amortization of a bond discount would include a __________ to __________.
a. debit; Discount on Bonds Payable
b. credit; Discount on Bonds Payable
c. credit; Interest Expense
d. debit; Cash
Answer:
b. credit; Discount on Bonds Payable
Explanation
Hi guys, help me please.
Using a structured approach to decision making and the facts in the scenario above,
explain and evaluate the long term funding options available to the company to
finance their planned new division. (this is the quesion)
Scenario
PCP Ltd, established in 1990, manufactures optical instruments for markets in the UK
and the USA. Since 2007, their market in the USA has been in decline, due to an influx
of lower precision, cheaper supply from the Far East. Because of this, in 2009, PCP
decided to focus on supplying specialist optical products for use in Medical procedures
and research, opening a specialised manufacturing division based in Chicago. This
division has performed well, even though the costs of supporting management and
supply functions from the company HQ in the UK have been higher than was anticipated
in their original return calculations, which employed only NPV to establish the viability of
investment in the division. The company is now considering the development of a further
new division to research and develop new optical medical technology, following recent
market research data which indicated that the medical technology market is growing
across the developed world. PCP Ltd has not declared a cash dividend since 2017,
although a stock dividend was issued in 2020.
Explanation:
Hi guys, help me please.
Using a structured approach to decision making and the facts in the scenario above,
explain and evaluate the long term funding options available to the company to
finance their planned new division. (this is the quesion)
Scenario
PCP Ltd, established in 1990, manufactures optical instruments for markets in the UK
and the USA. Since 2007, their market in the USA has been in decline, due to an influx
of lower precision, cheaper supply from the Far East. Because of this, in 2009, PCP
decided to focus on supplying specialist optical products for use in Medical procedures
and research, opening a specialised manufacturing division based in Chicago. This
division has performed well, even though the costs of supporting management and
supply functions from the company HQ in the UK have been higher than was anticipated
in their original return calculations, which employed only NPV to establish the viability of
investment in the division. The company is now considering the development of a further
new division to research and develop new optical medical technology, following recent
market research data which indicated that the medical technology market is growing
across the developed world. PCP Ltd has not declared a cash dividend since 2017,
although a stock dividend was issued in 2020.
Inventoriable costs are Group of answer choices only purchased goods for resale. a category of costs used only for manufacturing companies. recorded as expenses when incurred and later reclassified as assets. recorded as assets when incurred.
Inventoriable costs are often recorded as assets immediately they are incurred.
What is Inventoriable costs?Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
Direct laborDirect materialsInconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
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An oligopoly can be described as an industry in which _____ .
Select one:
a) 7-9 companies produce half of the output
b)one company produces most of the output
c)3-5 companies produce most of the output
d)7-9 companies produce most of the output
Answer:
c
Explanation:
(C) 3-5 companies produce most of the output.
Oligopoly:A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing, have been identified as being oligopolistic.Therefore, an oligopoly can be described as an industry in which (C) 3-5 companies produce most of the output.
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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 4 pounds at $8 per pound$ 32 Direct labor: 2 hours at $16 per hour32 Variable overhead: 2 hours at $6 per hour12 Total standard cost per unit$ 76 The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. Direct laborers worked 67,000 hours at a rate of $17 per hour. Total variable manufacturing overhead for the month was $422,100. rev: 11_20_2017_QC_CS-109672 6. If Preble had purchased 182,000 pounds of materials at $7.40 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March
The materials quantity variance for March for Preble Company, which manufactures a product, is $96,000 Unfavorable.
What is a materials quantity variance?A material quantity variance shows the difference between the actual materials consumed and the budgeted amount in production.
Computing the materials quantity variance helps management to determine the production efficiency.
The materials quantity variance can be computed using the following formula:
Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.
Data and Calculations:Planned production and sales units = 32,000 units
Actual production and sales units = 37,000 units
Standard Costs:Direct materials: 4 pounds at $8 per pound $ 32
Direct labor: 2 hours at $16 per hour 32
Variable overhead: 2 hours at $6 per hour 12
Total standard cost per unit $ 76
Actual Costs:Purchase of raw materials = 160,000 pounds
Cost of purchase per pound = $7.40
Direct labor hours = 67,000 hours
Direct labor rate = $17 per hour
Total variable manufacturing overhead = $422,100
Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.
= (37,000 x 4 - 160,000) x $8
= $96,000 Unfavorable
Thus, the materials quantity variance for March for Preble Company is $96,000 Unfavorable.
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