Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.
A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.
It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.
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Answer:
29,143
Explanation:
Profit target = 25% on sales
Fixed cost = $51,000
Variable cost = $9.50 per unit
Sales price per unit = $15
To achieve profit target, let the number of units sold be y
Total sales = 15y
Total variable cost = 9.5y
Profit = 0.25 × 15y
= 3.75y
Sales - Cost = profit
15y - (51000 + 9.5y) = 3.75y
15y - 9.5y - 3.75y = 51000
1.75y = 51000
y = 51000/1.75
y = 29143
29,143 bears must be sold to meet the profit goal.
Answer:
The correct answer is letter "A": Agency Problem.
Explanation:
An Agency Problem occurs when a conflict of interest arises for an agent, a person acting on behalf of another person. The conflict of interest arises when the agent's own interests are different from those of the principal or the person being acted for. In the corporate world, the <em>Chief Executive Officer</em> (CEO) is an agent acting for the owners of the company: the <em>stockholders</em>.
Answer:
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Explanation:
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Answer: $315000
Explanation:
From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:
= [(75% x 15) + (25% x 18)] x 20,000
= [(0.75 × 15) + (0.25 × 18)] × 20000
= (11.25 + 4.5) × 20000
= 15.75 × 20000
= 315,000
Therefore, the gross rental income is $315000
