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1 year ago

McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?

Business

1 answer:

Greeley [361]1 year ago

3 0

The implicit interest based on the information given is $165.

<h3>How to calculate the interest?</h3>

It should be noted that the implicit interest is calculated as:

= Inventory worth × Discount rate

= $16500 × 1%

= $165

Therefore, the implicit interest based on the information given is $165.

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Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. L

ladessa [460]

Owners of the company.

<h3>What is a stock of a company?</h3>

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

<h3>What is an owner of a company?</h3>

A company's "owner" is a person who owns all of the shares.
In contrast, a "co-owner" shares ownership of a business with one or more partners.
The owner, who is frequently the company's founder, is free to run their business however they like.

Therefore, Lorenzo and Lila are owners of the Double L Corporation.

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2 years ago

________ and ________ are typically the most easily identifiable aspects of a company's business model.

Ket [755]

The parts of a company's business model that are often easiest to identify are market strategy and market opportunity.

A market opportunity is a newly identified demand that a company could use to grow; often, this is because competitors aren't filling it.

A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage. Everything is covered, from selecting the channels to use to get in touch with your customers to identifying them.

The target market for the venture, a competitive analysis, marketing strategies, estimated launch expenses, and funding sources should all be included in the business model of a new company.

For more information, Market strategy and market opportunity

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3 0

2 years ago

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs <u> $ 41,000</u>

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs <u> $ 11,500</u>

<u>Net Profit $ 65,500</u>

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs <u> $ 11,500</u>

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss <u> $ 38,000</u>

<u>Net Profit $ 65,500</u>

3 0

3 years ago

True or false: standard rules exist to help managers identify appropriate allocation bases.

tangare [24]

False, standard rules doesn't exist to help managers identify appropriate allocation bases.

Standard Rules refers to strong moral commitments or ethics that allows smooth working of an organisation. It is basically fundamental requirements to govern an organisation. It could play a role in appropriate allocation bases but doesn't exist for it rather to keep check on principles and equality in an organisation. They are not legally binding. But, appropriate allocation bases require judgement. Managers use- the direct method or the sequential (or step) method or the reciprocal method, to develop judgements about allocation bases. Hence, the statement is false.

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1 year ago

What are 2004 pennies worth?

SVETLANKA909090 [29]

The answer is $20.40

3 0

3 years ago