Answer:
$2,728.40
Explanation:
Given:
Amount invested in a market = $2,500
Annual interest rate = 8.75%
also, The interest is compounded weekly
and there are 52 weeks in an year
Therefore, the interest rate when compounded weekly = 
or
Interest rate, r = 0.168% = 0.00168
Thus,
The ending balance = Principle × ( 1 + r )ⁿ
here, n is the duration i.e 52 weeks
therefore,
The ending balance = $2,500 × ( 1 + 0.168 )⁵²
or
The ending balance = $2,728.40
Answer:
Interest Expense
Explanation:
If any company takes a loan from any bank or borrow from other sources for a specific time, that company has to pay a combination of principal amount and an additional expenses during the maturity period. That extra cost is called interest expense. As Lee company borrows a loan on January 8 and will pay the loan on April 8 with an interest rate, the company has to pay an interest expense of $100,000 × 6% × (90 ÷ 360) = $1,500.
Answer:
relevant
Explanation:
Based on the scenario it can be said that the finder's fee would be considered to be a relevant cost for this decision. This type of cost refers to costs that can be avoided but are instead incurred as a consequence to a specific business decision. Which seeing as the fee in this scenario is only incurred if the company decides to buy instead of leasing then it is a relevant cost.
Answer:
Results are below.
Explanation:
<u>First, we need to calculate the selling price per composite unit:</u>
<u></u>
selling price per composite unit= 1,280*0.6 + 530*0.4
selling price per composite unit= $980
<u>Now, the unitary variable cost per composite unit:</u>
Variable cost per composite unit= 780*0.6 + 280*0.4
Variable cost per composite unit= $580
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per composite unit
Break-even point in units= 150,000 / (980 - 580)
Break-even point in units= 375
<u>Finally, the number of units per product:</u>
Desks= 375*0.6= 225
Chairs= 375*0.4= 150
True because I said so and i don’t really care but I hope this helped
