Answer:
a) 27.83% annual rate
b) 18.60%
c) Yes, as the bank annual rate is lower than supplier rate.
Explanation:
we calculate for rate considering how interest are calculated
principal x rate x time = interest
the net of discount will be the principal, the interest the discount and time:
55- 15 = 40 days the interest start from the day after last day of the discount period until 55 days thus 40 days the amount generates interest
over 360
0.97 x rate x 40/360 days = 0.03
rate = 0.27835 = 27.83%
b) the loan give provides at 14% but 16% of these amount is keep as compensating balance therefore; real interest rate is:
Answer: The answer is Other Financing Uses and Sources.
Explanation: The other financing uses and sources are usually under Operating statement account in government accounting and budgeting.
Other financing uses and sources encompass limited number of special transactions that include non-operating revenue and expenditures. Other items that are included in this financial reporting line are proceeds from debt transactions, operating transfers, sale of government assets. While other financing uses are transfers into a fund and proceeds of debts issue and sale of government asset, other financing sources show the transfer from one fund to another.
The answer to the question is "It would be probably high".
If you get your first credit card while you are a full-time student, what you can expect about the card's ARP (Annual Rate Percentage) on outstanding balances is would be probably high.
Answer:
$35,000
Explanation:
The computation of effect on profits is shown below:-
Variable Manufacturing cost per unit
Average cost $300 per unit
Less: Fixed Manufacturing cost $37.5 per unit
$150,000 ÷ 4000 units
Variable Manufacturing cost $262.5 per unit
Price at Special Order $280 per unit
Profit per Unit of Special order $17.5
$280 - $262.50
Special order Units 2,000 units
Total Profit from Special Order $35,000
2000 ×$ 17.50
Answer:
`- In a sole proprietorship, there is no legal distinction between the individual and the business.
`- Examples include writers and consultants, local restaurants and shops, and home-based businesses.
`- A sole proprietor may use a trade name or business name other than his or her legal name.