You need to know how many hours it took these workers to make the rugs to determine the labor cost.
Answer:
The best answer would be C. Fourth National Bank made an assignment.
Explanation:
The Fourth National Bank made an allocation of the loan as it was belonging to the Bank of North America stating that they got a loan.
Answer: 2.2%
Explanation:
The dividend yield base on the information given in the question will be calculated as the difference between the required return on the stock and the growth rate. This will be:
= 9.5% - 7.3%
= 2.2%
Therefore, the dividend yield is 2.2%.
Answer:
$545
Explanation:
The total amount of interest to be paid is obtained by the formula.
I= p x r x t,
Where I= interest
P= principal amount
R= interest rate
T= time
In this case
I= $18,000 x 3/100 x 3
I= $18,000 x 0.03 x 3
I=$18,000 x 0.09
Interest paid will be $1,620
Total amount to be repaid is the principal amount plus interest
=$18,000 + $1,620
=$19,620.
The amount of $19,620 will be repaid in 3 years( 36 months)
monthly payment will be
=$19,620 /36
=$545
Monthly repayments will be $545
Revenue Recognition Principle
An accounting principle that states that a company should record revenues when they provide goods and services to customers.
