Answer:
21.28%
Explanation:
Note: <em>Assuming 365 day year</em>
Cost of giving up cash discount = [Discount rate / (1-Discount rate)] * 365 / [Credit period - Discount period]
Cost of giving up cash discount = [0.02/(1-0.02)] * [365/(45-10)]
Cost of giving up cash discount = [0.02/0.98] * [365/35]
Cost of giving up cash discount = 0.0204082 * 10.42857
Cost of giving up cash discount = 0.212828
Cost of giving up cash discount = 21.28%
Sx-month note is payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. Interest Payable will be reported for two months i.e. November and December is $1000.
Interest Payable = $100000 × 6% x 2/12 = $1000,
Could I borrow your pen for a moment, please? The common verb borrow means to obtain something from someone with the intention of returning it shortly. I used to give Laura frequent loans of cash. An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion.
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Answer:
See explanation section
Explanation:
We have to use the function with a fixed cost and a variable cost. Here, the fixed cost is $100, as the bus driver will receive the money daily for driving. $0.20 per kilometer is the variable expense, as increasing the mileage will help to earn more. To draw this in a function, we can get -
Amount of daily pay, P = Fixed cost (f) + Variable cost (v)
p = $200 + 0.20 × k
Answer:c. credit to discount on note payable of $1300
Explanation:
The total three months debit on the transaction has been recognized in the month of November of which is to be spread for three months period. As at December the three months debit is still in the account but it's supposed to be two months. The correction is to credit the account for one month installment to reduce the debits to two. This is why thier i is need for a credit of $1300 to discount on note payable account.
A bull market is characterized by e. <u>investor optimism.</u>
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In 2022 stock buyers suffered their worst beginning to 12 months considering the fact that in 1970, the S&P 500 fell 21 percent at some point in the first half of 2022. The broadly tracked stock marketplace index fell into undergoing marketplace territory on June thirteen after the last extra than 20 percent beneath its high reached in early January.
A bull marketplace takes place when securities are on the upward thrust, even as a endure marketplace happens whilst securities fall for a sustained time frame. it's vital to apprehend the differences between bull and endure markets and the way they affect your funding choices.
A bull marketplace is a period of time in monetary markets while the rate of an asset or safety rises constantly. The generally widely widespread definition of a bull market is while stock expenses upward push by means of 20% after declines of 20% every.
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