Once the decision has been made to implement an ERP system, the initial step is to select an ERP vendor.

McKay Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the com

julsineya [31]

I believe the answer is $47.50

6 0

3 years ago

Read 2 more answers

Use the following compound interest formula to complete the problem. A = P (1 StartFraction r over n EndFraction) superscript n

Tatiana [17]

Credit cards are the card which is given by banks to the customers for withdrawing some amount beyond the account balance. The card I's is increased by $1579.3 than card H.

<h3 /><h3>What is a credit card?</h3>

A credit card refers to a payment mechanism that helps both consumer and commercial business proceedings, including purchases and cash advances.

Computation of credit card's balance:

Amount of Card H after 3 years:

Given,

Principal(P) = $1,186.44

Interest Rate(r) = 14.74%

Number of time period(n) = 3 years.

Applying the above values in the formula given in the question:

$\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,186.44(1+ \dfrac{14.74\%}{3} )^3\\\\\\\text{A}= \$1792.2$

Amount of Card I after 3 years:

Principal(P) = $1,522

Interest Rate(r) = 12.05%

A number of the time periods (n):

$12\text{Months}\times3\text{Years} = 36 \text{Months}$

Again, apply the above values in the formula given in the question:

$\text{A} = \text{P}(1+ \dfrac{r}{n} )^n^t\\\\\\\text{A} =\$1,522.16(1+ \dfrac{12.05\%}{12} )^3^6\\\\\\\text{A}= \$3,371.58$

Now we take the difference between both the credit cards, we have:

$\text{Amount of Credit Card I}-\text{Amount of Credit Card H}\\\\=\43,371.58-\$1,792.2\\\\=\$1,579.38$

Therefore, card H's balance is decreased by $1579.3 than a card I.

Learn more about credit cards, refer to:

brainly.com/question/14716152

4 0

3 years ago

Your college bookstore is responsible for the gathering, sorting, and dispersing of books required for a literature course on ca

Nataly [62]

The function of gathering, sorting, and dispersing books required for a literature course by the college bookstore is an example of b. logistical functions that intermediaries perform.

The bookstore is an intermediary between the students (customers) and the publishers (suppliers) of the literature book. The bookstore is not performing a transactional, transitional, or facilitating function.

Thus, the college bookstore performs a logistical function by managing the inventory, transportation, and warehousing needs of the college.

Learn more:brainly.com/question/18686811

5 0

3 years ago

Cameron Tiller is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and do

kozerog [31]

Answer:

His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.

Explanation:

Regular rate = $12 per hour

Rate for hours in excess of 40 hours per week

= (3/2) × $12

= $18

Rate for hours for Sunday is double

= 2 × $12

= $24

During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday

Period in excess of 40 hours during the week

= (9 × 5) + 4 - 40

= 9

Total regular earning = 40 × $12

= $480

Additional earnings = (9 × $18) + (4 × $24)

= $162 + $96

= $258

Total earnings = $480 + $258

= $738

4 0

3 years ago

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 330,000 Income tax expe

dalvyx [7]

Answer:

The preparation of the multiple-step income statement is presented below:

Explanation:

The preparation of the multiple-step income statement is presented below:

Beasley, Inc

Multiple-step income statement

December 31, 2021

Sales revenue $330,000

Less: Cost of goods sold -$129,000

Gross profit $201,000

Less: Operating expenses

Salaries expense $38,000

Advertising expense $21,000

Utilities expense $43,000

Total operating expenses -$102,000

Operating income $99,000

Non operating income or others

Less: Interest expense $10,000

Total non operating income $10,000

Income before taxes $89,000

Less: income tax expense -$35,000

Net income $54,000

3 0

3 years ago