a company that manufactures brushless blowers invested $700,000 in an automated quality control system for blower housings. the resultant savings was $180,000 per year for 5 years. if the equipment had a salvage value of $100,000, what rate of return per year did the company make and should the company invest in the blower if marr is 10%? question 2 options: 7.31% per year (invest in the blower) 12.30% per year (do not invest in the blower) 12.30% per year (invest in the blower) none of the above 7.31% per year (do not invest in the blower)
Answers
The rate of return per year did the company make and should the company invest in the blower if marr is 10% is 12.30% (option 2).
To calculate the rate of return per year, we need to use the formula for net present value (NPV). NPV is the difference between the initial investment and the present value of the savings over the investment's life.
Step 1: Calculate the present value of the savings:
PV = CF1 / (1+r)^1 + CF2 / (1+r)^2 + ... + CFn / (1+r)^n
PV = 180,000 / (1+r)^1 + 180,000 / (1+r)^2 + 180,000 / (1+r)^3 + 180,000 / (1+r)^4 + 180,000 / (1+r)^5
Step 2: Calculate the net present value:
NPV = PV - Initial Investment
NPV = PV - 700,000
Step 3: Determine the rate of return per year:
NPV = 0 when the rate of return is equal to the minimum acceptable rate of return (MARR). In this case, MARR is 10%.
Using the given options, we can calculate the NPV for each choice and determine the correct rate of return.
For option 1 (7.31% per year, invest in the blower):
Calculate the NPV using the formula above and check if it equals zero.
For option 2 (12.30% per year, do not invest in the blower):
Calculate the NPV using the formula above and check if it equals zero.
For option 3 (12.30% per year, invest in the blower):
Calculate the NPV using the formula above and check if it equals zero.
For option 4 (none of the above):
This is not a valid answer choice as it does not provide a rate of return per year.
For option 5 (7.31% per year, do not invest in the blower):
Calculate the NPV using the formula above and check if it equals zero.
Based on the calculations, the correct answer is option 2: 12.30% per year (do not invest in the blower).
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Related Questions
Suppose that the income velocity of money is falling by 0.6% per year and the money supply is growing by 2.9% per year.
If real GDP is constant, what will the inflation rate be over the year?
If real GDP is growing by 1.2% per year, what will the inflation rate be over the year?
Answers
Main Answer:
The inflation rate over the year, given the specified conditions, will be 3.5%.
Explanation:
The inflation rate can be calculated by subtracting the growth rate of real GDP from the sum of the growth rate of money supply and the negative growth rate of income velocity. In this case, with a constant real GDP, the inflation rate can be determined solely by the growth rate of money supply and the negative growth rate of income velocity.
The falling income velocity of money indicates that people are spending money less frequently, which can be a sign of reduced economic activity or a shift in saving behavior. A decline in income velocity tends to decrease the overall level of spending in the economy. On the other hand, an increasing money supply implies that there is more money circulating in the economy. This additional money can potentially lead to increased spending and higher prices.
When real GDP is constant, the growth rate of real GDP is zero. Therefore, the inflation rate is determined by the difference between the growth rate of money supply (2.9%) and the negative growth rate of income velocity (-0.6%). By subtracting -0.6% from 2.9%, we get an inflation rate of 3.5%.
In this scenario, the falling income velocity of money suggests that people are either spending less or saving more. When people spend less, it puts downward pressure on prices as the demand for goods and services decreases. However, the growth in the money supply counteracts this effect. With an increasing money supply, more money is available for spending, which can potentially drive up prices.
Given that real GDP is constant, there is no increase in the production of goods and services to meet the potential increase in demand resulting from the growing money supply. Therefore, the excess money supply can lead to inflationary pressures, causing the general price level to rise.
In summary, when income velocity is falling by 0.6% per year and the money supply is growing by 2.9% per year, and real GDP is constant, the inflation rate over the year will be 3.5%. This is because the growth in the money supply outpaces the decline in income velocity, leading to an overall increase in prices.
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Explain two benefits a firm can gain by borrowing.
Answers
Answer:
Advantage: It Allows You to Make Large Purchases
Some of the things you can purchase with the help of a bank loan include property, vehicles, and machinery. Banks offer a massive benefit here because, without them, it would not be easy for many people to start businesses or grow them
what is the quoted yield on a 2-year, 0-coupon us corporate bond priced at 90? (this bond uses the semi-annual compounding convention.)
Answers
The quoted yield on a 2-year, 0 coupon US corporate bond priced at 90 is 5.409%. The correct option is b.
Semi-annual Period = 4
Bond price = 90
Face Value = 100
Bond Price = Face Value / (1+ semi-annual rate)^ period
Semi-annual Rate = (Face Value / Bond Price)^(1/period) - 1
Semi-annual Rate = (100/90)^(1/4) - 1 = 0.02669
Quoted Yield = (1+0.02669)^2 - 1 = 5.409%
The yield quote indicates whether the bond is currently selling at a discount or premium to other bonds. When you buy a bond at a net yield, the yield includes the broker's profit or markup for executing the trade.
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The question is incomplete, but the complete question most probably was:
What is the quoted yield on a 2-year, 0-coupon US corporate bond priced at 90? (This bond uses the semi-annual compounding convention.)
A 10.819%
B. 5,409%
C. 5.338%
D. 2.669%
E. 205%
laurie knows little about cooking and does not want to spend the time learning how to bake homemade desserts. however, she has been asked to bring a pie to an office retirement party. not wanting to make a poor choice, she is likely to: group of answer choices buy the least expensive frozen pie because most consumers feel that price is not directly related to quality research the product and buy the least expensive frozen pie she can find avoid making a decision at all by not attending the party intuitively make the right choice buy the most expensive pre-made pie, guessing that the price is related to its quality
Answers
The correct answer is Option (1): to buy the least expensive frozen pie because most consumers feel that price is not directly related to quality.
Although price does not necessarily guarantee quality, most consumers believe that expensive products are of better quality. By choosing the least expensive frozen pie, Laurie can minimize the risk of overspending on a poor-quality dessert.
However, she should also consider reading reviews or asking for recommendations from friends or family members to ensure that the pie she chooses is acceptable for the retirement party. Ultimately, Laurie should prioritize fulfilling her obligation to bring a dessert and ensure that it is enjoyable for the party attendees.
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Full Question: Laurie knows little about cooking and does not want to spend time learning how to bake homemade desserts. however, she has been asked to bring a pie to an office retirement party. not wanting to make a poor choice, she is likely to
buy the least expensive frozen pie because most consumers feel that price is not directly related to quality. Researching the product and buying the least expensive frozen pie she can find, is not the best option as Laurie does not have the necessary knowledge to evaluate the quality of the pie. Avoiding making a decision at all by not attending the party, is not a good option as it would not fulfill her responsibility of bringing a pie to the party.intuitively making the right choice, is not the best option as Laurie's intuition may not be accurate.Is the following scenario a partnership? Performing in a twenty-piece band with a rotating showcase of trumpeteers.
OYes
ONo
Answers
Answer:
no
Explanation:
there isn’t a sense of ownership between two people
Customer service levels can be improved by better:
A.
mission statements.
B.
control charting.
C.
short-term forecast accuracy.
D.
exponential smoothing.
E.
customer selection.
Answers
Customer service levels can be improved by better C) short-term forecast accuracy.
Short-term forecasting is the practise of making predictions about what will happen soon (we generally think of it as hour-by-hour) and then using that information to develop a strategy to fulfil those demands. Long-term projections are less reliable than short-term ones.
A longer forecasting horizon considerably raises the likelihood that future demand will be impacted by developments we are not now aware of. Any present or recent past conditions that serve as a foundation for or an improvement to the forecast may be included in the short term forecast. The level of detail in the short-term forecast will be determined by the availability of radar, satellite images, and other remote sensing tools.
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How do banks benefit from giving
people loans?
Answers
Answer:
Banks benefit from giving people loans in several ways:
1. Interest income: Banks charge borrowers interest on the loans they provide, which generates income for the bank. This interest income is one of the primary ways that banks make money.
2. Fees: In addition to interest, banks may also charge fees for loan origination, late payments, prepayments, and other services related to the loan. These fees also generate income for the bank.
3. Reduced risk: When banks give loans, they typically require collateral or perform credit checks to ensure that the borrower can repay the loan. This reduces the risk of default and loss of the principal loan amount.
4. Relationship building: Giving loans can help banks build relationships with customers and foster loyalty. Customers who are happy with their loans and overall experience with the bank may be more likely to use other banking services in the future, such as savings accounts, credit cards, and investment products.
5. Economic growth: By providing loans to individuals and businesses, banks can help stimulate economic growth by enabling people to buy homes, start businesses, and invest in new ventures. This can benefit the bank and the broader economy over the long term.
A computer company produces affordable, easy-to-use home computer systems and has fixed costs of $250. The marginal cost of producing computers is $700 for the first computer, $250 for the second, $300 for the third, $350 for the fourth, $400 for the fifth, $450 for the sixth, and $500 for the seventh. Create a table that shows the company's output, total cost, marginal cost, average cost, variable cost, and average variable cost. a.) At what price is the zero-profit point? $ b.) At what price is the shutdown point? \$ c.) If the company sells the computers for $500, it making a (profit or a loss) A of $ d.) If the firm sells the cocmputers for $300 it is making a (profit or a loss)
Answers
a) The zero-profit point is $390.
b) The shutdown point is $37.5.
c) The profit is $1,050.
d) The loss is $100.
Here is the data provided in a non-tabular form:
Output: 1
Total Cost: 950
Marginal Cost: 700
Average Cost: 950
Variable Cost: 700
Average Variable Cost: 700
Output: 2
Total Cost: 1200
Marginal Cost: 250
Average Cost: 600
Variable Cost: 250
Average Variable Cost: 125
Output: 3
Total Cost: 1450
Marginal Cost: 300
Average Cost: 483.33
Variable Cost: 200
Average Variable Cost: 66.67
Output: 4
Total Cost: 1700
Marginal Cost: 350
Average Cost: 425
Variable Cost: 150
Average Variable Cost: 37.5
Output: 5
Total Cost: 1950
Marginal Cost: 400
Average Cost: 390
Variable Cost: 250
Average Variable Cost: 50
Output: 6
Total Cost: 2200
Marginal Cost: 450
Average Cost: 366.67
Variable Cost: 350
Average Variable Cost: 58.33
Output: 7
Total Cost: 2450
Marginal Cost: 500
Average Cost: 350
Variable Cost: 500
Average Variable Cost: 71.43
To calculate the total cost, we add the fixed cost of $250 to the variable cost, which is the sum of the marginal costs up to that point. The variable cost for each unit is the difference between the marginal cost of that unit and the marginal cost of the previous unit. For example, the variable cost of producing the second unit is $250, which is the difference between the marginal cost of the second unit ($250) and the marginal cost of the first unit ($700).
The average cost is the total cost divided by the output. The average variable cost is the variable cost divided by the output.
a.) The zero-profit point is where the price equals the average cost. From the table, we can see that the average cost is lowest at an output of 5, where it is $390. Therefore, the zero-profit point is $390.
b.) The shutdown point is where the price equals the minimum average variable cost. From the table, we can see that the minimum average variable cost is $37.5, which occurs at an output of 4. Therefore, the shutdown point is $37.5.
c.) If the company sells the computers for $500, its profit is the difference between the total revenue and the total cost. The total revenue is $500 times the output, which is $3,500. The total cost is the sum of the fixed cost and the variable cost, which is $250 + $2,200 = $2,450. Therefore, the profit is $1,050.
d.) If the company sells the computers for $300, its profit is the difference between the total revenue and the total cost. The total revenue is $300 times the output, which is $2,100. The total cost is the sum of the fixed cost and the variable cost, which is $250 + $1,950 = $2,200. Therefore, the loss is $100.
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4. Does the same thing work for every customer?
Answers
Answer:
No all customers are diffrent one might like the smell of lavender when one customer might hate lavender and like the smell of honey.
Explanation:
Answer:
No,because every person is only them not everybody else they have their own likes and dislikes
If you were an elected official who wanted to increase tax revenues, which of the following would you prefer to use: individual income, sales, property, corporate income, user fees, VAT or flat? Provide reasons for your decision.
Answers
Answer:
sales tax
Explanation:
It does not choose discriminatory the more you spend the more you pay, from a moral perspective people would rather pay for what they get rather than what they make and then possibly invest or save. They would not want to pay taxes at least 3 times if it is an investment.
1)it describes the purpose and activities of the business
a)vision
b)mission
c)goals
d)objectives
2)it expresses what the business hopes to be or accomplished within the next few years
a)vision
b)mission
c)goals
d)objectives
3)in this functional department,stock records are being kept
a)accounts/finance
b)purchasing
c)sales and marketing
d)computer/information technology
4)in the functional department,advertising a job vacancy and processing the job application form is part of their responsibility
a)administrative
b)accounts/finance
c)human resource/personnel
d)computer/information technology
Answers
Answer:
a)vision
c)goals
Explanation:
d)computer/information technology
b)accounts/finance
Help me guys please! I have to submit it today :((
Answers
Answer:
oh no!
Explanation:
SOWWYYYY!!!
what are examples of government legislation designed to protect the consumer? (choose every correct answer.)
Answers
Some examples of government legislation in the united states which is aimed at protecting consumers include the following.
Federal Food, Drug, and Cosmetic Act,Fair Debt Collection Practices Act the Fair Credit Reporting Act Truth in Lending Act Fair Credit Billing ActThe Gramm–Leach–Bliley ActHow does Government protect Consumers?Government provide legislation which helps in protecting consumers and their right.
These legislation ensures that producers and manufacturers do not exploit the consumers for lack of options.
The government does this by enacting laws that guarantees consumer protection thereby regulating the excesses in the market.
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What is the expected return and standard deviation for the minimum-variance portfolio of the two risky funds? A pension fund manager is considering three mutual funds: the first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 4.6%. The probability distributions of the risk funds are: Stock Fund (S) Expected Return, 16%, Standard Deviation, 36%; Bond Fund (B) Expected Return, 7%, Standard Deviation, 30%. The correlation between the fund returns is .0800. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answers
The minimum-variance portfolio of the two risky funds has an expected return of 8.47% and a standard deviation of 25.16%.
To find the expected return and standard deviation of the minimum-variance portfolio of the two risky funds, we need to follow these steps: Calculate the portfolio variance. The formula for portfolio variance is
I²p = w₁² I₁² + w₂²I₂² + 2w₁w₂I₁I₂I₁₂ , where w₁ and w₂ are the weights of the two funds, σ1 and σ2 are the standard deviations of the returns of the two funds, and ρ12 is the correlation coefficient between the returns of the two funds.
Using the given data, we can calculate the portfolio variance as: Calculate the weights of the two funds: To find the weights of the two funds, we need to set the derivative of the portfolio variance with respect to w1 equal to zero and solve for w₁:w₁ = (I₂² - I₁₂I₁I₂) / I₁² + I₂² - 2I₁₂I₁I₂)
Using the given data, we can calculate the weights as: Calculate the expected return of the minimum-variance portfolio: The expected return of the minimum-variance portfolio can be calculated as: E(r p) = w₁ E(r₁) + w₂ E(r₂) Using the given data, we can calculate the expected return as:
E(rp) = 0.3296 *16
Calculate the standard deviation of the minimum-variance portfolio: The standard deviation of the minimum-variance portfolio can be calculated as:
Ip = a( I²p)
Using the calculated portfolio variance from step 1, we can calculate the standard deviation as:
Ip = a( 0.0634416) =25.16
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write at least three ways savings accounts differ from checking accounts.
Answers
Answer:
checking accounts are better for transaction such as paying pills purchases, atm withdraws while saving accounts are better for storing money and earning interest,
Explanation:
5.05 semester test: consumer math alice makes $20,504 annually. what is the maximum monthly rent that she can afford to pay? $5,741 $564 $478 $427
Answers
Based on the information, the maximum monthly rent that Alice can afford to pay is approximately $1,708.67.
How to calculate the rentIn order to calculate the maximum monthly rent that Alice can afford to pay, we need to consider her annual income. To convert the annual income to a monthly income, we divide it by 12 (since there are 12 months in a year).
Alice's annual income is $20,504, so her monthly income would be:
$20,504 / 12 = $1,708.67 (rounded to the nearest cent)
Therefore, the maximum monthly rent that Alice can afford to pay is approximately $1,708.67.
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Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answers
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.
Real GDP is _____ determined in the classical model and primarily _____ determined in the Keynesian model.
A) supply; supply
B) demand; demand
C) supply; demand
D) demand; supply
Answers
The correct option is A, Real GDP is supply determined in the classical model and primarily supply determined in the Keynesian model.
The Keynesian model is an economic theory that emphasizes the role of government intervention in the economy to achieve full employment and stable economic growth. Developed by the British economist John Maynard Keynes during the Great Depression, the model argues that economic output is primarily determined by aggregate demand, which can be influenced by government policies such as fiscal stimulus and monetary policy.
In the Keynesian model, the government can use its spending and taxation policies to stimulate or dampen demand in the economy. When the economy is in a recession with high unemployment, the government can increase spending or reduce taxes to stimulate demand and encourage businesses to invest and hire more workers. Conversely, during times of high inflation, the government can decrease spending or raise taxes to reduce demand and prevent the economy from overheating.Overall, the Keynesian model suggests that government intervention can play a vital role in stabilizing the economy and promoting long-term growth.
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scenario: assume that empathy state bank begins with the balance sheet shown and is not fully loaned-up. if this bank is subject to a reserve requirement of 5%, how much more can it loan out if it wants to be fully loaned-up?
Answers
Assume that the balance sheet for Empathy State Bank is the starting point and that it is not fully leveraged. If a 5% reserve requirement applies to this bank, it may lend if it desires to be fully lent up. $5000.
What is the concept of the passage?The balance sheet shows a company's assets, liabilities, and owner equity as of any particular date. A balance sheet is often generated at the end of certain periods.
An accounting balance sheet has two columns. The column on the left contains a list of the company's assets. A balance sheet gives you a brief snapshot of the financial state of your business at any particular time. Business leaders can examine the financial health of their company using a balance sheet, an income statement, and a cash flow statement.
Thus, Assume that the balance sheet for Empathy State Bank is the starting point.
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Rent is an example of a(n) _____.
a. fixed cost
b. opportunity cost
c. variable cost
d. none of the above
HURRY PLZZZZ FIRST ANSWER GETS BRAINLIEST
Answers
Answer:
a. fixed cost
Explanation:
Rent is always negotiated and stated in the tenancy or lease agreement. The lease or tenancy agreement is reviewed either annually or after every two years. The rent amounts remain the same until the time a tenancy agreement is reviewed.
Fixed costs are the business expenses that remain the same throughout the financial period. A business has to incur fixed costs as long as the business is operational. The level of business activity or output does not affect fixed costs. Rent is a good example of fixed costs. A business has the pay the same amount of rent regardless of its production level.
Answer:
A
Explanation:
I just finished the test
A franchisee pays a sum of money to a franchisor called a _____ for the right to open a franchise.
Answers
A franchisee pays a sum of money to a franchisor called a master franchise agreement for the right to open a franchise.
Franchise royalties are usually accumulated via your franchisor on a monthly basis. Like advertising fees, those charges are based totally on a percentage of your sales. but there is one principal difference; the odds are higher.
The Federal exchange fee governs franchising felony requirements inside America. below the FTC Franchise Rule, this is referred to as the initial charge. different regular prices are royalties and advertising costs.
The franchise we buy will become an intangible asset that goes in your enterprise stability sheet and is recorded as a noncurrent asset, consistent with Reference for business. this is generally written off as a fee to your balance sheet and impacts your backside line when it comes to taxation.
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how much money does a therapyst make an hour/ and how much would they make in a year
Answers
a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.
Answer:
Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
Question 1 of 10: after analyzing your menu, you find that food sales are $1,200 and beverage sales are $800. Your average gross margin for food and beverage is 67%. Which is more profitable, food or beverage? a) food b) beverage c) they are the same d) can't tell from the data
Answers
The gross profit for food is $804, which is higher than the gross profit for beverages, which is $536. Therefore, the answer is option (A) food is more profitable.
To determine which is more profitable between food and beverages, we need to calculate the gross profit for each category. Gross profit is the difference between revenue and the cost of goods sold (COGS), expressed as a percentage of revenue. The formula for gross profit margin is:
Gross Profit Margin = (Revenue - COGS) / Revenue x 100%
Given that the average gross margin for both food and beverages is 67%, we can assume that the COGS for each category is 33% of the sales price. Therefore, we can calculate the gross profit for food and beverage as follows:
Gross Profit (Food) = $1,200 x 67% = $804
Gross Profit (Beverage) = $800 x 67% = $536
Based on this calculation, we can see that food is more profitable than beverages. It's important to note that this analysis is based solely on the given information, and there may be other factors that affect profitability, such as the cost of labor, overhead costs, and other expenses. However, based on the information provided, we can conclude that food is more profitable than beverages.
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Match the scenarios to the kind of brand extension that they represent.
Answers
Answer: the top two in brand and the fourth one in brand to, the rest in line
Explanation:
Answer: 100% Correct
Explanation:
Brand Extension:
A home appliance manufacturing company decides to manufacture furniture.
A sandwich making company decides to manufacture desserts.
An apparel manufacturing company decides to manufacture traveling suitcases.
Line Extension:
An electric gadget manufacturing company decides to manufacture home appliances
An apparel manufacturing company designs clothes for adults and decides to make kids clothes
A corn flakes manufacturing company decides to make rice flakes
There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
Answers
In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
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how much do you have to go to work for a baby delivery nurse job (not being lazy actual question for my career research elective)
Answers
Answer:
Alot
Explanation:
It depends on how you go about getting your RN
Question 5 of 10
Why do businesses send invoices to customers?
OA. to remind the customer when a payment is due
O B. to alert accounts receivable to expect a payment
C. to remind customers to make another purchase
OD. to keep the Accounts Receivable journal up to date
Answers
Businesses send invoices to customers to remind the customer when a payment is due. Thus option A is correct.
What is a business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially.
As the business is the one who will be sending the invoice. This was to suggest that there will be an amount that the customer was the one to pay due.
Also, they can have an account of things. This will be treated as a debt that the customer needs to pay for the services or the commodity. Therefore, option A is the correct option.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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Which of the following is a benefit of EFT
A. Limited access
B. Accessibility
C. Difficulty
D. Cost
Answers
Answer:
cost hope this helps and maybe brainliest