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2 years ago

Which type of lender is most likely to charge the highest interest rate?

Business

1 answer:

jenyasd209 [6]2 years ago

4 0

Answer:

B

Explanation:

Unlike the other options, payday lenders are not official lenders operating under federal laws. This enables them to charge high interest rates as they wish.

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Karson, the managing director of a multinational corporation, punishes his employees for coming late to work by deducting their

emmainna [20.7K]

Karson os using his authorities

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3 years ago

Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&M Com

Illusion [34]

Answer:

No.

Explanation:

Ovalles was an M&M contractor to perform work assigned by M&M. As the question says, "Cox had minimal contact with him and limited power to control the manner in which he performed his duties.". That is the main feature of a contractor, different from an employee who works directly for Cox. The liability is completely of M&M.

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2 years ago

Suppose Kendall's had cost of goods sold during the year of $ 260 comma 000. Beginning merchandise inventory was $ 20 comma 000

kiruha [24]

Answer:

Inventory turnover = 9.45

Explanation:

Inventory turnover is defined as the ratio between Cost of good sold and average inventory.

Average inventory is defined as follows, where BI = Beginning merchandise inventory and EI = Ending merchandise inventory:

$Average Inventory = \frac{BI + EI}{2}$

$Average Inventory=\frac{20000+35000}{2}=27500$

then:

$Turnover = \frac{260000}{27500} \\Turnover = 9.45$

6 0

2 years ago

Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,

wolverine [178]

Answer:

A. $185,000

B. Raw material $70,000

Work in process $50,000

Finished goods $85,000

Explanation:

A. Preparation of the January income statement for Sorensen Manufacturing Company

Sorensen Manufacturing Company

Income statement

Sales $1,200,000

Cost of goods sold $675,000

Gross profit $525,000

Operating expense

Selling expense $215,000

Administrative expense $125,000

Total operating expense $340,000

($215,000+$125,000)

Operating income $185,000

($525,000-$340,000)

B. Calculation to Determine the inventory balances at the end of the first month of operations.

Sorensen Manufacturing Company

Inventory Balances For the Month Ended January 31

Raw material =$250,000-$180,000

Raw material =$70,000

Work in process =$180,000+$450,000+$180,000-$760,000

Work in process =$50,000

Finished goods =$760,000-$675,000

Finished goods=$85,000

7 0

2 years ago

A company wants to analyze the following investment option using its rate of return. They use a MARR of 15% to determine whether

morpeh [17]

Remainder Part of Question:

Cash Flow

Initial Costs $365,000

Annual Benefits $90,000

Operation and Maintenance $15,000

Salvage Value $25,000

Lifetime in years 10 Years

Answer:

As the IRR > MARR, hence the investment is financially viable.

Explanation:

Find the attachment below:

4 0

2 years ago