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3 years ago

At the Penalty APR rate of 28.99% and a balance of about $1800, approximately how much interest would you owe in one month?

Business

1 answer:

Gnom [1K]3 years ago

5 0

Answer:

you owe $43.47 in one month

Explanation:

Daily Interest (for one month) = Balance × APR rate × [number of month / Total month in a year]

Daily Interest = $1800 × 28.99% × 1/12

= $1800 × 0.2899 × 0.0833

= $43.47

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The long-range strategic planning committee for the Lizard Clothing Company is composed of managers from engineering, R&D, p

liubo4ka [24]

I would say that what best describes the team of managers from the different departments (Engineering, R&D, Prod, and Marketing) is a Cross-functional team because the group consists of different people in different fields of expertise which work together toward a common goal for the Lizard Clothing Company.

7 0

3 years ago

Net sales for the year were $325,000 and cost of goods sold was $240,500 for the companyâ€™s existing products. A new product is

marin [14]

Answer:

The correct answer is B.

Explanation:

Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).

Net sales = $325,000

Cost of Sales = $240,500

Therefore we have;

$325,000 - $240,500

=$84,500

Gross profit ratio is (Gross profit/net sales) x 100%

($84,500 x $325,000) x 100%

26%

6 0

2 years ago

ABC Company leased equipment to Best Corporation under a lease agreement that qualifies as a finance lease. The cost of the asse

alexandr402 [8]

$12120 is the annual amortization expense

<u>Explanation:</u>

The following formula is used to calculate the annual depreciation expense that will be recorded in the books of accounts

Depreciation = ( cost of the asset minus salvage value) divide by number of years.

Given data in the question: number of years = 10, cost of the asset = $124000, salvage value = $28000

Putting the figures in the formula,

Depreciation expense = ($124000 minus $28000) divide by 10

After solving, we get = $12120

Thus, annual depreciation expense = $12120

7 0

3 years ago

January 1, 2016, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use

tankabanditka [31]

Answer:

Interest capitalized for 2017 = $86,805

Explanation:

As per the data given in the question,

Average expenditure for 2016 = ($200,000×12÷12) +($300,000×4÷12)+($300,000×0÷12)

=$300,000

Interest capitalized for 2016 =($200,000×12÷12)+($300,000×4÷12)+($300,000×0÷12)×12%

= $36,000

Average expenditure for 2017 :

Accumulated expenditure in 2016 = ($200,000+$300,000+$300,000 +$36,000)×9÷9

= $836,000

For March-31,2017 = $300,000×6÷9

= $200,000

For Sept-30,2017 = $200,000×0÷9 = $0

Average expenditure for 2017 = $836,000 + $200,000 + $0

= $1,036,000

Interest capitalized for 2017 :

Specific borrowing = $750,000×9÷12×12%

= $67,500

Excessive amount = ($1,036,000 - $750,000)×9÷12×9%

= $19,305

Interest capitalized for 2017 = $67,500 + $19,305

= $86,805

4 0

3 years ago

Policy and standards often change as a result of business drivers. One such driver, known as ___________________, occurs when bu

serg [7]

Answer:

Business exceptions

Explanation:

Policy and standards often change as a result of business drivers. One such driver, known as business exceptions, occurs when business shifts and new systems or processes are incorporated.

3 0

3 years ago