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3 years ago

What is the apr on a loan that charges interest at the rate of 1.4% per month?

1 answer:

5 0

The APR stands for the Annual Percentage Rate. To find the APR (12 months) on a loan that charges interest at the rate of 1.4% per month you will need to multiply the monthly rate of 1.4 by 12 months. 1.4 x 12 months = 16.8% APR

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Leftown is a former guest who owes the Munchies Restaurant $750 for a banquet. Restaurant managers have determined that this deb

shutvik [7]

Answer:

debit: provision for doubtful accounts

credit: accounts receivable

Explanation:

Based on the information given in a situation where the restaurant make uses of the DIRECT WRITE-OFF METHOD of accounting for bad debt expense, the appropiate journal entry to recognize this bad debt would be a debit to PROVISION FOR DOUBTFUL ACCOUNTS and a credit to ACCOUNTS RECEIVABLE.

Debit Provision for doubtful accounts $750

Credit Accounts receivable $750

4 0

3 years ago

What is a pestle analysis for an escape room

Irina-Kira [14]

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

7 0

3 years ago

A company's normal operating activity is to produce 500 units per month. During its first two months of operaetion, it produced

Bingel [31]

Answer:

a. 450-510

Explanation:

4 0

3 years ago

All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided i

Vikentia [17]

Answer:

d. within the relevant range of operating activity, the efficiency of operations can change.

Explanation:

Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;

1. Sales price per unit product is kept constant.

2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.

3. All the units produced are sold i.e there is no change in inventory quantities during the period.

5. The costs accrued are as a result of change in business activities.

6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.

<em>Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.</em>

6 0

3 years ago

3)You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one y

vekshin1

Answer:

C)25 percent

Explanation:

Present value is the sum of discounted cash flows.

The interest rate where the present value of the two two prizes would be identical can be found using a financial calculator and trial and error method.

Option A :

Cash flow for year zero = $200

Cash flow for year one = $200

Present value when I is 0 = $400

Present value when I is 5 = $390.48

Present value when I is 10 = $381.82

Present value when I is 25 = $360

Option B

Cash flow in year 0 =$100

Cash flow in year 1 = $325

Present value when I is 0 = $425

Present value when I is 5 = $409.52

Present value when I is 25 = $360

Present value when I is 10 = $395.45

It can be seen that it's at 25% that both cash flows would be equal.

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

8 0

3 years ago