Lapping is best described as the process of Group of answer choices inflating bank balances by transferring money among differen
1 answer:
You might be interested in
Morgan will get $1600 with the process of simple interest.
<h3>what is simple interest?</h3>Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 12%
principal = $1000
Time = 5 years
Simple interest
Now amount = 1000+600 = 1600.
Therefore, Morgan will get $1600.
To learn more about simple interest from the given link
#SPJ4
Answer:
Break Even Point
In Units = 2,000 units
In value = $80,000
Explanation:
Break even Point =
When we use contribution per unit, we get the break even point in units sales.
When we use the contribution margin as a percentage of sales we get break even sales in value.
Contribution per unit = $20
Contribution margin in percentage = $20/$40 = 50%
Therefore, Break even Point in units =
Break even units = 2,000
Break Even Point in value =
Sales to be made in value at break even = $80,000