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3 years ago

Question 4 (multiple choice)

1 answer:

3 0

Exact interest means that there are 365 days in a year
Now use the formula of simple interest
I=p×r×(t/365)
I interest earned 2000
P amount of the loan 7300
R interest rate 0.08
T time t days
Solve the formula for t to get
T=[I÷(pr)]×365
T=(2,000÷(7,300×0.08))×365
T=1,250 days

Hope it helps!

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What is a stigma ?????

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Answer:

Part 1.

Contribution margin income statement for the year.

Sales (4,900 x 340) 1,666,000

Less Variable Costs

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Wages of assembly workers 490,000

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Sales commissions 161,700 (1,038,800)

Contribution 627,200

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Factory maintenance 12,000

Factory machinery depreciation 72,000

Lease of equipment for sales staff 12,000

Accounting staff salaries 62,000

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Net Income 321,200

Part 2.

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Contribution margin ratio = $627,200/ $1,666,000 = 37.65 %

Explanation:

The Contribution Margin Income Statement calculates separately the contribution and net income as shown above.

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