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2 years ago

How do interest and fees impact your credit purchase

Business

1 answer:

Pani-rosa [81]2 years ago

6 0

Answer:

A. Interest and fees add to the total cost

Explanation:

Just did the question on A p e x

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QS 19-10 Computing contribution margin LO P2 D’Souza Company sold 6,000 units of its product at a price of $88.00 per unit. Tota

Nikitich [7]

Answer:

$218,400

Explanation:

The computation of contribution margin is here below:-

Units Cost per unit Total

Sales 6,000 $88 $528,000

Less:

Variable production cost 6,000 $40.8 $244,800

Variable selling and

administrative costs 6,000 $10.8 $64,800

Contribution margin $218,400

Therefore the we multiplied the sale unit with cost per unit, in the similar way we multiplied the Variable production cost unit with cost per unit and Variable selling and administrative costs with cost per unit to reach the contribution margin.

4 0

3 years ago

In a macroeconomic context, choose the best definition for the term velocity. The rate at which the aggregate price level increa

N76 [4]

Answer:

The rate at which money circulates through an economy.

Explanation:

In Macroeconomics, the term velocity refers to the speed at which money circulates in an economy, and it is a variable in a fundamental macroeconomic equation, the quantity theory of money equation:

M x V = P x T

Which states that the price of goods and services is equal to the amount of money in an economy, or its money supply (M) multiplied by the Velocity of circulation of money, which is in turn equal to price (P) multiplied by the number of transactions (T).

7 0

3 years ago

Griffins Goat Farm, Inc., has sales of $664,000, costs of $326,000, depreciation expense of $70,000, interest expense of $45,000

Gemiola [76]

Answer:

a. $6.54 per share

b. $1.73 per share

Explanation:

The computation is shown below:

1. Earning per share is

= Net income ÷ shares of common stock outstanding

where,

Net income is

= Sales - costs - depreciation expense - interest expense - tax expense

= $664,000 - $326,000 - $70,000 - $45,000 - $49,060

= $173,940

The tax expense is

= (Sales - costs - depreciation expense - interest expense) × tax rate

= ($664,000 - $326,000 - $70,000 - $45,000) × 22%

= $49,060

Now the earning per share is

= $173,940 ÷ 26,600 shares

= $6.54 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($46,000) ÷ (26,600 shares)

= $1.73 per share

7 0

3 years ago

Think about your decision to buy the textbook for this course. You paid $250 for the book, but you would have been willing to pa

mart [117]

If the questions are “would I choose to buy the book in the first place”, and “Would I sell the book at the end of the course”, the answer to both questions is yes. The benefit of buying the book for the course is $400 dollars, which is greater than the sales price of $250. Thus, I would buy the book. At the end of the course, the benefit of keeping the book is $50, while my potential sales price is $125 (50% of 250). Thus, I can sell the book for more than it is worth to me, so I will sell the book at the end of the course.

7 0

3 years ago

The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $26,000 per year fo

USPshnik [31]

Answer:

$490,566.04

Explanation:

Calculation for how much will you pay for the policy

Using this formula

Present value of perpetuity= Investment policy Annual inflows/ Required rate of return

Let plug in the formula

Present value of perpetuity=$26,000/0.053

Present value of perpetuity=$490,566.04

Therefore the amount that you will pay for the policy is $490,566.04

4 0

3 years ago