Answer:
$1,043
Explanation:
Assuming a 12% annual rate, we can convert it to a quarterly rate.
The equivalent quarterly rate is 2.9%.
9 months is the sames as 3 quarters, therefore, we can use the following formula to find the full value of the note at maturity:
12,000 = X (1 + 0.029)^3
12,000 = X(0.92)
12,000/0.92 = X
13,043 = X
Therefore, the interest due at maturity is:
13.043 - 12,000 = 1,043
Your detailed expenses cost of sales and if the business made a profit or loss.
Answer:
True
Explanation:
The company received $15000 and credited it to the unearned consulting Revenue accounts because it had not performed any services yet.
According to the accrual principle, the company can only report the amount earned in a period. If the company achieves the required 10% of consulting services by 31st march, it will record 10 percent of $15,000 as its income.
10 percent of $15000= 10/100 x $15000
=$1500
Answer:
The service level would be of 0.75
Explanation:
According to the given data we have the following:
Mean demand, μ = 100
Standard deviation, σ = 20
Purchase price = $10
Selling price = $40
Salvage value = $0
Hence, Cost of under-ordering, Cu = $40 - $10 =$30
Cost of over-ordering, Co = $10 - $0 =$10
Therefore, the calculation of The optimal service level is calculated as follows:
Service level = Cu / (Cu + Co)
Service level = $30 / ($30 + $10)
Service level = $30 / $40
Service level = 0.75
The service level would be of 0.75
The Credit card Commercials do not usually reveal
people making payments for month/year on the credit card purchase.
<h3>What is the usage of commercial credit card?</h3>
A commercial card is a credit card provided by employers to their workers to be used for business transactions.
Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.
Learn more about credit card here
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