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3 years ago

The rate of interest banks charge on short-term loans to their best customers is the _____.

1 answer:

7 0

The rate of interest banks charge on short-term loans to their best customers is called the prime rate. This is given to customers who have good credit record. It serves as the basis of the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.

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Average distance 8 mile and per gallon cost is 83 cent how much is the journey cost

hoa [83]

6.64 because 8×.83 is 6.64

4 0

3 years ago

Microeconomics focuses on A. inflation and growth in our overall economy. B. decisions made by individual households and firms.

mel-nik [20]

Answer:

B. decisions made by individual households and firms.

Explanation:

Economics is the study of choice to satisfy unlimited wants from limited resources, having alternative uses.

'Micro' word gets origination from greek language, meaning 'small'

Micro Economics is the study of 'individual' economic participants - individual households' & individual firms' choice decisions

Eg : Price of a good, Utility maximising consumption of consumer, profit maximising output of a producer/ seller.

7 0

2 years ago

Vijay Company reports the following information regarding its production costs. Direct materials $ 9.40 per unit Direct labor $

andriy [413]

Answer:

Unitary cost= $38.2

Explanation:

Giving the following information:

Direct materials $9.40 per unit

Direct labor $19.40 per unit

Variable overhead $ 9.40 per unit

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the unitary cost.</u>

UNitary cost= 9.4 + 19.4 + 9.4

Unitary cost= $38.2

8 0

2 years ago

Standlar Company makes wireless speakers. The standard model price is $360 and variable expenses are $210. The deluxe model pric

bija089 [108]

Answer:

The overall Sales revenue at break even is $515995.872

Explanation:

The overall break even in dollars or the composite break even point is the Total revenue that a business must earn from all its products that should be equal to the total costs from all its products and there is no profit or no loss.

The formula for composite or overall break even in dollars is,

Break even in dollars = Fixed costs / Weighted average contribution margin ratio

Where the weighted average contribution margin ratio is the weghtage of each product in the overall sales mix multiplied by the contribution margin of each product.

The total sales mix is = 8 + 4 + 1 = 13

Weighted average contribution margin ratio = ((360 - 210) / 360) * 8/13 +

((500 - 300) / 500) * 4/13 + ((1600 - 600) / 1600) * 1/13 = 0.5814 or 58.14%

Break even in dollars = 300000 / 0.5814

Break even in dollars = $515995.872

If there is some discrepancy in the final answer, it will be due to the rounding off of the weighted average contribution margin ratio

3 0

3 years ago

List and explain the four factors of production, stating their reward.

mojhsa [17]

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

5 0

3 years ago