Answer: $11.25
Explanation:
From the above question, The bank charges 1.5 percent per month and uses the average daily balance excluding new purchases method.
The average daily balance for the month excluding the new purchase is $750.
Therefore, the finance charge =
$750 x 1.5%
= $11.25
The U.S. Treasury is responsible for printing the money.
Answer:
0.1093 or 10.93%
Explanation:
The number of days before the company runs out of stock after placing an order (X) is:
Assuming a normal distribution with:
Mean (μ) = 6
Standard deviation (σ)=1.10
The z-score for X=7.353 is:
According to the z-score table, a score of 1.23 falls in the 0.8907-th percentile. Therefore, the probability of the delivery takes longer than 7.353 days is:
In a decision to either sell as is or process a product further, joint costs are considered irrelevant and process further costs are considered relevant.
The decision of whether to sell the product right away or wait to sell it in order to earn more money. Although we think that growing the business's income is great, we also need to make sure that the costs associated with the growth will be met. We must contrast the profit margin between selling now and selling later because additional processes will demand more resources and expenses.
Additionally, we need to make an effort to maximise the return on our investment. Additional processes might need more money spent on equipment. These factors require us to apply the sell or process further technique in order to choose the best course of action.
Typically, this scenario occurs in a joint product where one or more outputs can be generated and produce additional revenue. The joint products are produced at the same cost up until the point where they are divided and further sold or processed. Although the products can be sold at the split point, there are instances when continuing developing them is more profitable.
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Resources is referred to as the available asset that can be used for
further purposes may it be for business or consumption. This is what
determines the balance between the production and consumption for
without these, production would not be possible and if nothing is
produced, nothing would also be consumed. Resources come in different
forms and each has its own availability. Answer for this would be C.
