Answers
Answer:
net amount = $511560
true interest rate = 4.39 %
Explanation:
given data
loan amount = $522000
fee = 2%
interest rate = 4.3%
solution
first we get here net amount that is
net amount = loan amount × ( 100 - fee) ............1
net amount = $522000 × ( 100% - 2%)
net amount = $511560
and
true interest rate of the loan will be
interest rate = ( loan amount × interest rate ) ÷ net amount ........2
interest rate = \(\frac{522000\times 0.043}{511560}\)
interest rate = 4.39 %
Related Questions
Customers today demand service that is what?
Answers
Customers today demand services that are comparable to the kinds and quantities of goods and services which people will purchase, or would purchase, if they were offered.
Why is demand important?Demand is the term used to describe a consumer's desire and desire to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What's the process of a demand?Consumer spending, public and private business investment, and the balance of imported and exported goods are all added together to compute aggregate demand. The equation AD ≈ C + I (+ G + Nx is used to represent it. The following are the aggregate demand's constituents: C stands for consumer expenditures on services and goods.
To know more about demand visit:
https://brainly.com/question/29761926
#SPJ1
__ involves having a variety of investments in your __
Answers
Answer
Diverting, and Savings
Explanation:
That dummy said say hey. Like that's the answer what a loser. I hope this is right sorry if its wrong that's what i got.
Answer:
Diverting involves having a variety of investments in your savings.
Explanation:
Which of these is a way that politicians in the United States attempt to influence the media?
Answers
Answer:
They try to “spin” the news by manipulating
Explanation:
Answer:
Hope it helps
Explanation:
because they are tools that can be used to inform and mobilize users in new ways. Users are able to connect directly to politicians and campaign managers and engage in political activities in new ways.They try to "spin" the news by manipulating how reporters interpret events
Which option identifies the type of budget Natasha is working on in the following scenario?
Natasha works for an upscale restaurant in a large urban area. Her supervisors have asked her to prepare a budget for opening a new restaurant on the east side of the city.
A. Capital budget
B. Personal budget
C. Operating budget
D. Cash flow budget
Answers
Park Corporation is planning to issue bonds with a face value of $2,100,000 and a coupon rate of 9 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 7.5 percent. Required:
a. Prepare the journal entry to record the issuance of the bonds.
b. Prepare the journal entry to record the interest payment on June 30 of this year.
c. How will Park present its bonds on its June 30 balance sheet?
Answers
a.The journal entry to record the issuance of the bonds. Debit : Cash $677,135 and Credit : Bond Payable $677,135
b.The journal entry to record the interest payment on June 30 of this year. Debit : Bond Payable $43,715 ; Debit : Interest Charge $50,785 ; Credit : Cash $94,500
c.Presentation of bonds on June 30 balance sheet . Non - Current Liabilities : Bond Payable $633,420
Issuance of the bonds
Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount. The amount recognized at issuance will be the Present Value of $677,135.
Determined as follows :
FV = $2,100,000
Pmt = ($2,100,000 x 9 %) / 2 = $94,500
N = 10 x 2 = 20
i = 7.5 %
PV = $677,135
Interest Payment
Since the effective-interest amortization method is used, the interest is calculated as follows :
Interest Charge = Present Value x Interest rate
= $677,135 x 7.5 %
= $50,785
Bonds Payable Presented on Financial Satement
Bond Payable = Present Value - ( Cash Payment - Interest charge)
= $677,135 - (94,500 - 50,785)
= $633,420
In conclusion, Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount of $677,135
Learn more about Bonds and effective-interest amortization method here : https://brainly.com/question/23265123
Many people died in earthquake would do what to ppc?
Answers
The death of many people in an earthquake would lead to a reduction in the labor force and damage to the capital, resulting in a shift of the Production Possibility Curve inward.
Reduction in Labor Force: The loss of lives would lead to a reduction in the labor force, as there are fewer people available to work. This will result in a decrease in the production capacity of the economy.Damage to Capital: An earthquake can cause significant damage to the physical capital, such as buildings, machinery, and infrastructure. This damage would further reduce the production capacity of the economy.
Shift in PPC: Due to the reduced labor force and damage to capital, the Production Possibility Curve will shift inward, representing a decline in the economy's ability to produce goods and services.
Resource Reallocation: The government and businesses may need to prioritize resources to rebuild and recover from the disaster. This may result in a reallocation of resources from the production of some goods and services to those that are more urgently needed, such as emergency services, reconstruction, and disaster relief.
In summary, the death of many people in an earthquake would lead to a reduction in the labor force and damage to the capital, resulting in a shift of the Production Possibility Curve inward. This represents a decrease in the production capacity of the economy and may require the reallocation of resources to address the urgent needs created by the disaster.
For more such questions on Production Possibility Curve visit:
https://brainly.com/question/26460726
#SPJ11
In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.
Answers
The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.
Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:
The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.These characteristics have been found to have mainly a negative effect because:
The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.Learn more in: https://brainly.com/question/23353220
According to Marxian conflict theory, as capitalism progresses, a. the professional-managerial class will become part of the elite. b. the classes will become polarized with no overlap or mobility. c. many of those in the middle class will drop into the working class as they are pushed out of managerial jobs into working-class jobs. d. corporate mergers will redistribute wealth from being in the hands of the few to society’s "have-nots."
Answers
Answer:
c. many of those in the middle class will drop into the working class as they are pushed out of managerial jobs into working-class jobs.
Explanation:
As per the Marxian conflict theory the capitalism progress would refer to many of the middle class also it would be fall into the working class as they out pushed from the managerial jobs into the working job class
So as per the given situation the option c is correct
And rest of the options are wrong
1. A formal report that shows what an individual owns, what an individual owes, and the difference between the two.
Answers
Answer:
A net worth statement
Explanation:
A net worth statement is a financial report/ document that shows the assets and liabilities - both short and long-term - of an individual or company. The net worth is the result of deducting liabilities from assets.
The net worth statement paints a picture of a person or an entity's current financial position. Assets represent what a person owns, while liabilities are what they owe.
1. Identify what type of investment the Farrier stock is for Bryant. 2. Journalize the transactions related to Bryant's investment in the Farrier stock during 2018. 3. In what category and at what value would Bryant's report the investment on the December 31, 2018, balance sheet
Answers
Answer:
1. Identify what type of investment the Farrier stock is for Bryant.
This investment should be classified as a long term investment since Bryant held Farrier's stock for more than one year.
2. Journalize the transactions related to Bryant's investment in the Farrier stock during 2018.
January 1, 2018, purchase of 3,750 shares of Farrier stock
Dr Investment in Farrier stock 60,000
Cr Cash 60,000
August 1, 2018, dividends received from Farrier stock
Dr Cash 6,375
Cr Investment in Farrier stock 6,375
December 31, 2018, Farrier reports net income
Dr Investment in Farrier stock 12,500
Cr Investment revenue 12,500
3. In what category and at what value would Bryant's report the investment on the December 31, 2018, balance sheet
This investment should be reported under non-current assets as a long term investment. The book value of this investment = $60,000 - $6,375 + $12,500 = $66,125
How is the amount of property taxes that a person owes determined?
The local government levies property taxes based on the person's credit score.
The state government levies property taxes based on the length of time a person has owned their home.
The state government levies property taxes based on the person's taxable income.
The local government levies property taxes based on the value of real estate that a person owns.
Answers
The amount of property taxes that a person owes determined as the local government levies property taxes based on the value of real estate that a person owns. Option D.
What is meant by property tax?Immovable property, such as land and buildings, as well as tangible personal property that is mobile, such as machinery and equipment, are the main subjects of a property tax. Property taxes, which go toward paying for roads, schools, police, and other services, are the single greatest source of state and local income in the United States.
Property taxes are yearly levies on real estate. It is typically a local tax, though not necessarily. It is frequently based on the idea of market worth. The tax base may consist of solely land, only buildings, or other combinations of these elements.
Read more on property tax here: https://brainly.com/question/13887483
#SPJ1
This activity is important because the final price serves many functions for the firm. The final price must be high enough to cover the firm's costs and achieve the firm's objectives, but also low enough to be attractive to consumers. To set the final price, marketing managers begin with the list (quoted) price and then make price adjustments. Marketing managers use both discounts and allowances, which are reductions from the list price given, as a reward for performing an activity to arrive at the final price. The four most common types of discounts are (1) quantity, (2) seasonal, (3) trade (functional), and (4) cash. The goal of this activity is to demonstrate your understanding of the four types of discounts used by sellers.
Select the most appropriate category of discount for each of the eight examples below.
1. Chiquita encourages Smoothie King to pay its bills for bananas quickly by offering a 3% discount on bills that are paid within 7 days.
2. To encourage Target Stores to place its orders for bagged candy well before the trick-or-treat season, Hershey offers a low price on Reese's Peanut Butter Cups for orders placed before June.
3. Radio Flyer tries to get toy stores to order snow sleds and saucers in May by temporarily lowering the retailer's cost for its outdoor snow toy line.
4. Costco can purchase up to 1000 pallets of water from the manufacturer for $300 per pallet, but the costs drops to $275 per pallet for orders of 1001 or more pollets.
5. To get bills for its storage products paid quickly, Rubbermaid offers a 1% discount on bills that are paid in full within 10 days.
6. Pepsi offers a grocery store a reduction in the pallet price of Pepsi products in exchange for the store setting up a large football- themed display at the front of the store.
7. Consumers can buy a four-pack of Dove White Beauty Bars for $5.49 or they can buy an eight-pack of the same soap for $8.49.
8. Haggar offers Kohl's a reduction in the cost of its Men's Cool 18 Flat Front Pants in exchange for Kohl's running local advertising featuring Haggar products.
Answers
The types of discounts and their examples are displayed below:
Discount Category Example
Cash 1. Chiquita's 3% discount for payment within 7 days.
Seasonal 2. Hershey's offers of a low price for orders placed
before June.
Seasonal 3. Radio Flyer's lowered retailer's costs to encourage
toy stores to order in May.
Quantity 4. Reduced cost per pallet for orders above 1,000
pallets.
Cash 5. Rubbermaid's offer of 1% discount on bills paid
within 10 days.
Trade 6. Pepsi's offer to a grocery store of reduced pallet
price in exchange of a large football-themed display.
Quantity 7. Buying eight-pack Bars for $8.49 instead of a four-
pack Bars for $5.49.
Trade 8. Haggar's offer of reduced cost in exchange for
Kohl's running local advertising with Haggar products.
Thus, each category of discounts has specific purposes it achieves.
Learn more: https://brainly.com/question/17033770
What is an organization that uses resources to produce a product which
then sells called?
household
competition
private property
Answers
Answer:
A business or firm is an organization that uses resources to produce a product which it then sells.
Read Kearney: 3D printing and the future of the US economy
3D printing could bring millions of manufacturing jobs back to US shores and set off a fresh wave of economic growth across several industrial sectors. Thoughtfully targeted government support could significantly accelerate realization of these economic gains.
Please analyze the economic impact of the 3D printing technology on the economy. Discuss the major benefits of using 3D printing and costs associated with it.
Answers
Up to 42% of manufacturing in the automotive, consumer goods, healthcare, medical device, and aerospace industries might be impacted by 3D printing.
What is 3D printing?The process of building a three-dimensional object from the CAD model or digital 3D model is known as 3D printing. It may be done via a number of techniques in which material is brought together, usually layer by layer, and then deposition, joining, or solidification are all controlled by computers.
The primary benefits of 3D printing are cost reduction, waste reduction, time reduction, competitive advantage, error reduction, secrecy, and manufacturing on demand.
To learn more about 3D printing
https://brainly.com/question/15882042
#SPJ1
select all the reasons to keep your money in a financial institution
Answers
The reasons to keep your money in a financial institution are:
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
What are financial institution?Financial institutions are organizations that provide financial services to individuals, businesses, and governments. These institutions include banks, credit unions, investment companies, insurance companies, and other financial intermediaries.
Banks are perhaps the most well-known financial institutions. They provide a range of financial services, including checking and savings accounts, loans, mortgages, and credit cards. Credit unions are similar to banks, but are typically smaller and owned by their members.
Investment companies, such as mutual funds and exchange-traded funds (ETFs), allow individuals to invest in a variety of assets, such as stocks, bonds, and real estate, without directly owning those assets. Insurance companies offer various types of insurance, such as life insurance, health insurance, and auto insurance, to help individuals and businesses manage risk.
learn more about financial institution: https://brainly.com/question/29630223
#SPJ1
select all the reasons to keep your money in a financial institution
Safety - To keep your money safe from burglars.
Convenience - Its easy to get your money out of the ATM when you need it.
Growth - If you put your money in a savings account you can collect interest.
Security - Leaving your money in the bank will make sure that even if your money is stolen you can get it back
None of the above
Disadvantage of not having Poka-Yoke
Answers
On January 1, 2020, Shay Company issues $700,000 of 10%, 15-year bonds. The bonds sell for $684,250. Six years later, on January 1, 2026, Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2025, the day before the purchase. The straight-line method is used to amortize any bond discount.
-What is the amount of the discount on the bonds at issuance?
-How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2020, through December 31, 2025?
-What is the carrying (book) value of the bonds as of the close of business on December 31, 2025?
-Prepare the journal entry to record the bond retirement.
Answers
1. The amount of the bond discount at issuance is $15,750.
2. $6,300 amortization discount has been recorded on the bonds from January 1, 2020, through December 31, 2025.
3. The carrying (book) value of the bonds as of the close of business on December 31, 2025, is $690,550.
4. The journal entry to record the bond retirement at a loss is as follows:
Journal Entry:Account Titles Debit Credit
December 31, 2025:
Bonds Payable $700,000
Retirement Loss $40,950
Cash $731,500
Bond Discounts $9,450
Bonds' issuance date = January 1, 2020
Face value of bonds = $700,000
Sales proceeds = $684,250
Bond discounts at issuance = $15,750 ($700,000 - $684,250)
Period of bonds = 15 years
Coupon rate = 10%
Bond's retirement on Jan. 1, 2026 = $731,500
Bond discount amortization method = straight-line
Annual bond amortization = $1,050 ($15,750/15)
Bond amortized after 6 years = $6,300 ($1,050 x 6)
Carrying value of bonds on December 31, 2025 = $690,550 ($700,000 - $9,450)
Carrying value of bond discounts = $9,450 ($15,750 - $6,300)
Transaction Analysis:Bonds Payable $700,000 Retirement Loss $40,950 Cash $731,500 Bond Discounts $9,450
Learn more about bonds retired at a loss at https://brainly.com/question/20817852
#SPJ1
As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ increase
Answers
As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.
What is business expansion?
When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.
Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.
It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.
Lean more about business expansion:
https://brainly.com/question/15115779
#SPJ1
As an investor you want to choose between two countries-Japan and South Korea. Suppose Japan's nominal interest rate is 12 percent and inflation rate is 7 percent, while South Korea's is 7 percent and 3 percent respectively. Where would you invest and why?
Answers
Answer:
South Korea
Explanation:
That is because south korea has low inflation rate.
WILL MARK BRAINLIEST
Question 1:
A government imposes a per-unit tax on light bulbs in a competitive market. Afterward, the seller's after-tax price increases from the original equilibrium price of $12 to $14. The marginal cost of lightbulbs was $9 before the tax and $12 after the tax was implemented. The quantity supplied decreases from a before-tax quantity of twelve thousand bulbs per month to ten thousand bulbs per month after the tax. Based on this, which of the following is true?
A) Total consumer expenditures on light bulbs increase after the tax.
B) The amount of deadweight loss is $20,000 after the tax.
C) Total revenue earned by light bulb producers increases after the tax.
D) The total tax revenue collected by the government is $30,000 per month.
E) Consumers and producers are sharing an equal percentage of the tax burden.
Question 2:
The suppliers of Automobile A are struggling to increase production in response to price increases at the same rate as the suppliers of Automobile B. What can be determined about the suppliers of Automobile B?
A) They sell superior products.
B) They have a greater price elasticity of supply.
C) They are currently experiencing unit elasticity.
D) They have acquired a trade deal to boost production.
E) They have acquired an increase in technology or labor.
Answers
Answer:
ans 1: A. Total expenditure on light bulbs increases after the tax.
Explanation:
The government has imposed a tax on light bulb production and the new price after the tax is $14. The price before the tax was $12 and the marginal cost before tax was $9. There was a profit of $3 for the producers of the light bulb. The tax burden is shifted to the consumers of the bulb since the marginal price after tax is $12. The total expense for the production of bulbs has increased due to tax.
ans 2: B. They have a greater price elasticity of supply
hope it helps!!!
Answer 1: After the tax, the overall cost of light bulbs increases. As a result, choice (A) is the appropriate one.
Answer 2: They have a higher supply price elasticity. As a result, choice (B) is the optimal one.
What is the price elasticity of supply?A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. A good's supply will grow as its price rises, according to fundamental economic theory. A good's supply will fall when its price rises, on the other hand.
The ratio of the percentage change in quantity supplied to the percentage shift in price is used to depict the elasticity in numerical form.
Learn more about price elasticity of supply, from:
brainly.com/question/29432440
#SPJ1
Average stock of raw material and raw material consumption per annum are Rs.1,24,000 and Rs.8,42,000 respectively. Consider 365days. Calculate raw material consumption period.
Answers
Answer: 54 days
Explanation:
Raw Material consumption period = Average stock of Raw Material / Average stock of Raw material Consumption per day
Average stock of Raw material Consumption per day = Raw Material consumption per Annum / 365
= 842,000/365
= Rs. 2,306.85
Raw material consumption period
= 124,000/2,306.85
= 53.75
= 54 days
If you were running the clothing or grocery store, which buying method would you prefer to use? Why? (1-4 sentences. 1.0 points)
Answers
Which of these clauses is most likely not in Freeman's collective bargaining agreement?
Answers
The clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
What are individual rights?According to popular definitions, individual rights refer to the rights that an individual requires to pursue their lives and attain goals without interference, either from another individual or the government.
What is a collective bargaining agreement?A collective bargaining agreement is a labor union agreement reached between workers and an organization based on negotiated work conditions.
The collective bargaining agreement also contains the interpretation and enforcement of the collective agreement and the resolution of the ensuing conflicts.
Question Completion with Answer Options:Labor unions are organizations of employees formed to protect and advance their members’ interests by bargaining with management over job-related issues. The goal of this video case is to apply your knowledge of labor relations theory to Freeman Audio-Visual, which heavily utilizes labor unions.
A) individual rights
B) wage component
C) grievance procedure
D) tiered Benefits
E) security.
Thus, the clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
Learn more about collective bargaining agreements at https://brainly.com/question/11819753
The Freeman's collective bargaining agreement was the labor union agreement for the negotiation of working condition. The clause not included in the agreement is individual's rights.
What are the clauses involved in the Freeman's collective bargaining agreement?The labor union collectively bargained with the organization for the negotiation to acquire the better working conditions.
The clause that were includes were not involved with the individual rights of the living for the labor. The clauses include are:
Wage componentGrievance procedureTiered BenefitsSecurityTherefore, the clause not included in the Freeman's collective bargaining agreement was the individual's right.
Learn more about collective bargaining agreement, here:
https://brainly.com/question/7774409
On December 27, 2020, Roberta purchased four tickets to a charity ball sponsored by the city of San Diego for the benefit of underprivileged children. Each ticket cost $200 and had a fair market value of $35. On the same day as the purchase, Roberta gave the tickets to the minister of her church for personal use by his family. At the time of the gift of the tickets, Roberta pledged $4,000 to the building fund of her church. The pledge was satisfied by a check dated December 31, 2020, but not mailed until January 3, 2021.
Requried:
a. Presuming that Roberta is a cash basis and calendar year taxpayer, how much can she deduct as a charitable contribution for 2020?
b. Would the amount of the deduction be any different if Roberta was an accrual basis taxpayer? Explain.
Answers
Answer:
a. Presuming that Roberta is a cash basis and calendar year taxpayer, how much can she deduct as a charitable contribution for 2020?
Roberta can deduct ($200 x 4) - ($35 x 4) = $800 - $140 = $660. She cannot deduct the check because it was not mailed before December 31.
b. Would the amount of the deduction be any different if Roberta was an accrual basis taxpayer? Explain.
As an accrual taxpayer, she could deduct $660 + $4,000 = $4,660. She had already written the check and the fact that it was mailed on January 3 doesn't make a difference for an accrual taxpayer.
Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest compounded semi-annually to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted
Answers
Answer:
How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted is explained below in detail explanation.
Explanation:
Let the no of withdrawals be n, then
Present value of n withdrawals = 50000
Interest rate per 6 months =8%/2 =4%
Withdraw amt/(Int rate)*(1-1/(1+interest)^n) = 50000
=> 2500/0.04*(1-1/1.04^n) = 50000
1/1.04^n = 0.2
1.04^n = 5
=> n = ln(5) / ln(1.04) = 41.03
Total 41 withdrawals of Rs.2500 can be made (with a smaller 42nd installment of less than Rs.2500)
“Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty.” Do you agree or disagree? Explain your answer.
Answers
I agree that "automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty". This is because with automation, most jobs will be done by machines and robots. This will leave a large percent of human workers jobless.
What is Automation?Automation may result in job losses and wage reductions. Be aware that those who can operate machines are thought to be more productive than those who cannot.
Keep in mind that automation tends to reduce both the costs and prices of goods and services, making consumers feel richer while also causing certain human skills to be lost.
Accordingly, the following abilities will be lost as automation is implemented:
A. Communication Skills.
B. Social Skills.
C. Critical Thinking
D. the application of imagination and reflection.
Learn more about automation here: https://brainly.com/question/28530316
#SPJ1
Courses that are at the college level and require an exam to evaluate student achievement level are called
Advanced Placement® courses
career and technical education courses
dual enrollment courses
International Baccalaureate® courses
Answers
Courses that are at the college level and require an exam to evaluate student achievement level are called Advanced Placement courses
What is an Advanced Placement course?Advanced Placement courses are also known as AP courses that give students the chance to undertake a college assessment.
In summary, AP exams are used to ascertain the level of preparedness of students for college.
Learn more about Advanced Placement courses here:
https://brainly.com/question/1193163
#SPJ1
Answer: A
Explanation:
The College Board Advanced Placement® (AP) Program offers more than 30 college-level courses, each with an exam to evaluate the level of student achievement in that subject. Students who earn a score of 3 or higher on an AP Exam might earn college credit.
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 units of cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor 25 Selling and administrative expenses 140,000 Factory overhead 40 Selling and administrative expenses 25 Total variable cost per unit $240 Smart Stream desires a profit equal to a 30% return on invested assets of $1,200,000.
a. Determine the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones. Total variable cost $ Variable cost amount per unit $
b. Determine the variable cost markup percentage for cellular phones. Round to two decimal places.
c. Determine the selling price of cellular phones. If required, round to the nearest dollar.
Answers
Answer:
(a). Total variable Cost = $2,890,000
Total variable Cost Per Unit = $289
(b). Variable Cost Markup Percentage = 12.46%
(c). Selling Price Per Unit = $325
Explanation:
According to the scenario, computation of the given data are as follow:-
a). Total Fixed Cost = Selling and Administrative Expenses + Factory Overhead
= $140,000 + $350,000 = $490,000
Fixed Cost Per Unit = Total Fixed Cost ÷ Cost of Produced and Selling Units
= $490,000 ÷ 10,000 = $49
Total variable Cost Per Unit = Fixed Cost Per Unit + Variable Cost Per Unit
= $49 + $240 = $289
Total variable Cost = Cost of Produced and Selling Units × Total Cost Per Unit
= 10,000 × $289 = $2,890,000
b). Desired Profit = Invested Assets × 30%
= $1,200,000 × 30÷100 = $360,000
Variable Cost Markup Percentage = Desired Profit ÷ Total Cost
=$360,000 ÷ $2,890,000 = 0.1246 = 12.46%
c). Selling Price Per Unit = (1 + Variable Cost Markup Percentage) × Total Cost Per Unit
= (1 + 12.46%) × $289
= 1.1246 × $289
= $325
which of the following best represents the reasoning used by the supreme court in church of the lukumi babalu aye, inc. v. city of hialeah, in which the court overturned a city ordinance prohibiting the ritual killing of animals as part of religious ceremonies?
Answers
The Supreme Court's logic is best exemplified by a government that does not outlaw other animal killing practices.
In Lukumi Babalu Aye v. Hialeah, what decision was made?City of Hialeah v. 508 U.S. 520 (1993) Unless the government can show a compelling countervailing interest, animal sacrifices performed as part of religious rites are protected under the Free Exercise Clause.
The Supreme Court affirmed in Church of the Lukumi Babalu Aye v. City of Hialeah, 508 U.S. 520 (1993), that the First Amendment's freedom of religion provision makes it illegal to pass laws that specifically target one or more religions.
The Church of Lukumi took what action?The Supreme Court affirmed in Church of the Lukumi Babalu Aye v. City of Hialeah, 508 U.S. 520 (1993), that the First Amendment's freedom of religion provision makes it illegal to pass laws that specifically target one or more religions.
Learn more about Lukumi Babalu Aye v. City of Hialeah: https://brainly.com/question/29377335
#SPJ4
Collateral will not matter in the loan process if
which of the following occurs?
A. The person defaults on a loan.
B. Another item is bought in place of the original item.
C. A person makes all of their loan payments on time.
D. The bank gathers information in order to approve a loan.
Answers
In the event that the bank gathers data before approving a loan, collateral won't be taken into consideration. Option (D) is right as a result.
In the financial industry, collateral is a valuable asset that a borrower pledges as security for a loan.
For instance, the house bank is used as collateral when a home buyer gets a mortgage. The automobile is used as collateral for a car loan. When a company seeks bank funding, the company may use valuable property or equipment as loan collateral.
In the event of a default, the lender may take possession of the collateral and sell it to repay its losses.
Learn more about collateral, from :
brainly.com/question/31173597
#SPJ1