Answer:
7.52689%
Explanation:
Ervin Company:To break even with an 93% success rate, Ervin will need to recoup
$1/0.93=$1.0752689.
Hence:
Winthrop should charge a return greater than ($1.0752689/$1.00) -1
=($1.0752689)-1
=0.0752689×100
=7.52689%
Therefore th eloan rate Winthrop Enterprises should charge Ervin Company for loans will be 7.52689%
Answer: Option D
Explanation: Income statement refers to the financial statement under which the organisation shows its profit and loss for the year. It depicts the revenue received and the expenses incurred to earn that revenue.
Cash flow statement shows the inflow and outflow of cash whereas balance sheet shows the position of company at a particular point of time.
Hence from the above we can conclude that the correct option is D.
In 2007, Petra spent <u>$2,340</u> on wages for her employees each week, and Petra increased her annual wage budget from 2008 by <u>$14,56</u>0.
<h3>
Calculation of wages</h3>
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Petra owns a coffee shop. She has ten employees. In 2007, she paid her employees minimum wage ($5.85 an hour). In 2008, the minimum wage increased to $6.55 an hour. In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___
We can now proceed as follows:
Weekly wage spent Petra in 2007 = 2007 minimum wage per hour * Number of employees * Number of hours per week = $5.85 * 10 * 40 = $2,340
Amount of increase in minimum wage per hour between 2008 and 2009 = $7.25 - 6.55 = $0.7/hour
Petra’s increase in annual budget for wages in 2009 = Amount of increase in minimum wage per hour between 2008 and 2009 * Number of employees * Number of hours per week * Number of weeks = $0.7 * 10 * 40 * 52 = $14,560
Learn more about wages here: brainly.com/question/15381069.
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Answer and Explanation:
$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.
Answer:
D 0.60.
Explanation:
Elasticity of Supply measure the responsiveness of supply against the change in price of the product.
Using mid point method
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 30 - 20 ) / [ ( 30 + 20 )/2 ]
Change in Quantity = 10 / 25
Change in Quantity = 0.4
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $20 - $10 ) / [ ( $20 + $10 )/2 ]
Change in price = $10 / $15
Change in price = 0.67
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = 0.4 / 0.67
Elasticity of Supply = 0.597 = 0.60
