Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days = 0.26666 x 365 days
=97.333 days
=97 days
Answer:
The correct answer is letter "E": competitive intelligence.
Explanation:
Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The outstanding deposits is computed below:
= Company cash receipts - bank deposited
= $74,640 - $71,375
= $3,265
And, the outstanding checks is computed below:
= Company written checks - Processed by bank
= $72,515 - $71,270
= $1,245
The preparation of the bank reconciliation statement on October 31, 2015 for Damon Company's is presented in the spreadsheet. Kindly find the attachment below:
Answer:
B. Opportunity Cost
Explanation:
Opportunity cost is the alternative forgone or sacrifice made in other to satisfy another want. it refers to the wants that are left unsatisfied in other to satisfy another want.
In the case of Jumar, the money he earned as an office manager ($40,000) could be referred to as the opportunity cost when he started his life coaching business.
Answer:
100 shirts
Explanation:
Borrowing from the contribution margin concept, the level where the marginal benefit is greater than total costs is the break-even point.
Break-even point = fixed cost / contribution margin per unit.
For this retailer,
Fixed costs are $500,
The contribution margin per unit = selling price- variable cost
=$10-$5
=$5
Break-even point
= $500/$5
= 100units
