Answer:
B) Commercial loan
Explanation:
The Truth in Lending Act and Regulation Z only applies to consumer-purpose loans and These are loans and credit used primarily for personal, family, or household purposes, It does not apply to credit extensions that are primarily for business purposes.
Answer:
Rate of return a firm must earn on its existing assets to maintain the current value of its stock.
Explanation:
The expected return is calculated on cost of capital, and that the cost of capital is weighted average cost of capital.
This is because weighted average cost of capital is the cost of capital which is based on the overall risk and weights of capital in the total capital of the company.
When the net return on total capital is less than weighted average cost of capital it means the company is not able to meet the total cost of capital and accordingly, the company faces some sort of losses.
Therefore, minimum return shall be equal to weighted average cost of capital.
Answer:
Explanation: see attachment below
Answer:
B) $30,500
Explanation:
Calculation for Kapanga's work in process inventory balance at the end of October
First step is to calculate the Variable Overheads
Variable Overheads = 150% × $5,000
Variable Overheads = $75,000
Now let calculate work in process inventory balance using this formula
Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads
Let plug in the formula
Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000
Work in process inventory balance= $30,500
Therefore Kapanga's work in process inventory balance at the end of October will be $30,500
