To reduce budgetary slack management may _______

The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

5 0

2 years ago

when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in

aleksklad [387]

Answer: The correct option therefore is > upward sloping

Explanation:

When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.

3 0

2 years ago

Kaskin, Inc., stock has a beta of 1.2 and Quinn, Inc., stock has a beta of 0.6. Which of the following statements is most accura

Anastaziya [24]

Answer:

The equilibrium expected rate of return is higher for Kaskin than for Quinn.

Explanation:

Option A “The equilibrium expected rate of return is higher for Kaskin than for Quinn” is more accurate because the expected return is calculated by multiplying the risk premium with beta value and then adding with risk-free return. However, if the beta value is high, then the magnitude after multiplying with the risk premium will be high. Moreover, is magnitude will be added to risk-free return to find the expected return. Thus, it can be seen that Kaskin has high beta 1.2 as compared to Quinn’s beta value 0.6. So, the Kaskin has a higher expected return.

6 0

3 years ago

UP Forklifts sells two products, large forklifts and small forklifts. A large forklift sells for $80,000 per unit with variable

Pepsi [2]

Answer:

The break-even point in total units is 70

Explanation:

Particulars Large Fork Lift Small Fork Lift Total

Selling price Per Unit $80,000 $60,000

Less: Variable Cost Per Unit $24,000 $11,000

Contribution per unit $56,000 $49,000

Sales Mix 1 4

Total Contribution per $56,000 $196,000 $252,000

sales mix

Contribution per unit of sales mix ($252000/5) $50,400

Fixed Costs $3,528,000

Break-even point in total units ($3,528,000 / 50,400) 70

6 0

3 years ago

The purpose of stock valuation isGroup of answer choicesof limited value, since the efficient market hypothesis proves that all

ki77a [65]

To determine whether the value of the common stock is fairly represented by its market price.

8 0

3 years ago

To reduce budgetary slack management may ________.