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3 years ago

The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is

1 answer:

5 0

<span>For the answer to the question above, the $25,000 due in 90 days.
I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365)

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded off the </span></span>24383.56

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Suppose a perfectly competitive firm and a monopolist are both charging $5 for their respective products. From this, one can inf

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Answer:

For the competitive firm marginal cost is $5. For the monopolist marginal cost is less than $5.

Explanation:

The price of the product of the competitive firm is $5. We know that a competitive firm is a price taker and produces at the point where the price is equal to the marginal cost of producing the last unit.

A monopolist, on the other hand, is a price maker. It produces at the level of output where the price is greater than the marginal cost of producing the last unit.

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3 years ago

During 2021, Oriole Company, which uses the allowance method of accounting for doubtful accounts, recorded bad debt expense of $

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Answer:

$52,000 Increase

Explanation:

In the cash flow from operating activities only those transactions are listed which involves actual exchange of cash. When a company writes off some of account receivable it has not recorded as bad debt expense. When the company is confirmed about the uncollectible amounts then the company will write off the uncollectible amounts. These will be then adjusted in the net income to calculate net cash flow from operating activities.

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3 years ago

Bentwood Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

KIM [24]

Answer:

$31.28

Explanation:

Calculation to determine what The cost per equivalent unit for conversion costs for the first department for the month is closest to:

First step is to calculate the Total Conversion Cost

Total Conversion Cost=$253,900+$18,700

Total Conversion Cost=$$272,600

Second step is to calculate the Equivalent Units

Equivalent Units =( 7,700 x 100%) + (1,700 + 8,900 - 7,700 ×35%)

Equivalent Units =( 7,700 x 100%) + (2,900 x 35 %)

Equivalent Units =7,700+1,015

Equivalent Units = 8,715 units

Now let calculate the Cost per Equivalent Units using this formula

Cost per Equivalent Unit = Total Cost ÷ Total Equivalent Units

Cost per Equivalent Unit = $272,600 ÷ 8,715 units

Cost per Equivalent Unit = $31.28

Therefore The cost per equivalent unit for conversion costs for the first department for the month is closest to:$31.28

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3 years ago

An effective strategic manager will always view the organizational structure as an impediment to strategy implementation.A. True

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Answer:

B. False

Explanation:

It is false to say that an effective strategic manager will always view the organizational structure as an impediment to strategy implementation. Organizational structure is very important because it provides clarity and good guidance to the issues of human resources. It is important for strategy implementation as it promotes operational efficiency.

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3 years ago

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Answer:Age

Explanation:

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3 years ago