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3 years ago

7

Monique has a balance of $5440 on a credit card with an apr of 17.7%. paying off her balance in which of these lengths of time w

ill result in her paying the least amount of interest?

2 answers:

PilotLPTM [1.2K]3 years ago

8 0

Answer:

5 Months

Explanation:

Serggg [28]3 years ago

5 0

$1,136.61 a month for 5 months
<span>1136.61 * 5 - 5440 = $243.05 in interest </span>

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Inventory control models assume that demand for an item is:______________.

Zielflug [23.3K]

Answer:

b.

Explanation:

Inventory control models assume that demand for an item is either independent of or dependent on the demand for other items. This is because the amount of stock that the company should have for an item depends on the demand for that item, but at the same time demand for that item will sometimes vary depending on the demand for other similar items which may or may not be taking market share away from the first item.

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During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $24,000. On the date of delivery, January 2,

oksian1 [2.3K]

Answer:

Explanation:

1.

January 1 Assets - no effect; Liabilities - no effect; Stockholder's equity - no effect

January 2 Assets: Cash -$8000; Equipment + $24000

Liabilities: Short term note payable +$16000

January 3 Assets: Cash -$700; Equipment +$700

January 5 Assets: Cash -$2500; Equipment +$2500

July 1 Assets: Cash -$16720; Liabilities: Short term note payable - $16,000

Stockholders equity - $720

*(24,000-8,000)*0.09*6/12 = $720

2. Acquisition cost of the machine:

Cash paid $8,000

Note payable with supplier $16,000

Freight costs $700

Installation costs $2,500

Acquisition cost $27,200

3. Depreciation(2013) = ($27,200 - residual value of $3,200) *1/10= $24,000/10 = $2400

5. Equipment cost = $27,200

Less: Depreciation [$2400*2] $4800

net book value of the machine at the end of 2014 $22,400

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3 years ago

Read 2 more answers

Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for commo

inna [77]

Answer:

The Journal entries are as follows:

(i) On August 1,

Cash A/c Dr. $6,500

photography equipment A/c Dr. $33,500

To common stock $40,000

(To record the issuance of common stock for cash and photography equipment)

(ii) On August 2,

Prepaid insurance A/c Dr. $2,100

To cash $2,100

(To record the cash paid in advance for insurance)

(iii) On August 5,

Office supplies A/c Dr. $880

To cash $880

(To record the cash paid for office supplies)

(iv) On August 20,

Cash A/c Dr. $3,331

To photography fees earned $3,331

(To record the photography fees earned)

(v) On August 31,

Utilities A/c Dr. $675

To cash A/c $675

(To record the cash paid for utilities)

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3 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi

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Answer:

$

Sales 8,800,000

Less: Cost of goods sold (W1) 5,241,739.13

Contribution 3,558,260.87

Less: Fixed manufacturing cost 598,000

Less: Fixed selling and admin cost 320,000

Net Income 2,640,260.87

<em>(W1) Cost of goods sold</em>

Direct Material 3,450,000

Direct Labour 1,196,000

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Variable selling cost 600,000

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Less:closing inventory 786,260.87 (6,028,000/46,000*6,000)

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3 years ago

One ethical dilemma that multinational firms must face is

Oksi-84 [34.3K]

Answer:

Bribery

Explanation:

they must decide whether to pay bribes or find alternative sources of supplies

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3 years ago