Answer:
Zach will pay $4,725 in interest on the loan.
Explanation:
In calculating interest the formula that applies is
I= P x R x T
where I = interest
P = principal amount
R = interest rate
T= time
In the case of Zach
I= $18,900 x 5/100 x 5
I = $18,900 x 0.05 x 5
I =$945 x 5
I =$4,725
Interest for the loan is $4,725
Answer:
Explanation:
When there are two factors used in producing a good, the least-cost rule specifies that costs have been minimized when the MPP of the first factor divided by its price is equal to the MPP of the second factor divided by its price.
The least cost rule evaluated two factors of production. Let's say labor and capital. production at least cost has the requirements that labor’s marginal product divided by its price is equal to capital’s marginal product divided by its price.
Answer:
The expected price for the stock is $36
Explanation:
The price earning multiple is a measure that provides the information regarding how much are the investors willing to pay for each $1 of earnings per share. The formula for price earnings multiple is,
P/E = Price per share / Earnings per share
Based on the information, the P/E multiple for XYZ is,
P/E = 30 / 2.5 = 12
Using this price / earnings multiplier, we calculate the price at which the stock will trade as,
12 = Price per share / 3
12 * 3 = Price per share
Price per share = $36
Answer:
$1,395
Explanation:
Total cost of Inventory purchased
= (No. of units × Per unit price) + (No. of units × Per unit price) + (No. of units × Per unit price)
= (240 × 8) +(340 × 10) +(440 × 11)
= 1,920 + 3,400 + 4,840
= $10,160
Number of units purchased = 240 + 340 + 440
= 1,020
Average cost per unit = total cost /No. of units
= 10,160 /1,020
= $ 9.9608 per unit
Cost of ending inventory = 140 × 9.9608
= $1,395
