Answer:
The operating profit for this year amounts to $ 550,000
Explanation:
Operating Profit is computed below as:
Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)
= $1,950,000 - ($200,000 + $1,200,000)
= $1,950,000 - $1,400,000
= $550,000
Revenue = Number of frozen dinners × Selling Price
= 150,000 × $13
= $1,950,000
Variable Cost = Number of frozen dinners × Cost per frozen dinner
= 150,000 × $8
= $1,200,000
Explanation:
Wisynco Group Limited has 1,500 total employees across all of its locations and generates $195.02 million in sales (USD).
B is the answer to your question
Answer:
True.
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
A 0% interest credit card refers to a credit card that has no interest charged on it for a specific period of time, usually between twelve (12) and twenty-one (21) months.
Thus, a credit card holder with a 0% interest won't have to pay interest on any purchase for the duration of the incentive.
However, the 0% interest card holder is still required to make monthly minimum payments and must be made promptly.
Hence, if you make a late payment on a 0% interest card, you're responsible for paying the entire interest from the time you opened the card.
Answer:
Present value = $428571.4286 rounded off to $428571.43
Explanation:
To determine how much should be paid for the policy today, we must calculate the present value of perpetuity. The policy returns are in the form of a perpetuity as they are paid in a constant amount after equal intervals of time and for an indefinite time period. The formula for the present value of perpetuity is,
Present value = Cash flows / r
Where,
- r is the required rate of return
Present value = 27000 / 0.063
Present value = $428571.4286 rounded off to $428571.43
