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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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A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt

Julli [10]

I believe the answer is 67% hope this helps

5 0

3 years ago

Rizzo Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four

tiny-mole [99]

Answer:

Total overhead assigned to each the 35mm camera $ 66,000

An Activity Rate for receiving $8 per receiving order

Receiving costs for 35mm camera $1600

An Activity Rate for packing $ 10 per packing order

Explanation:

Product Machine Hours Setups Receiving Orders Packing Orders

35mm 10,000 100 200 400

Digital 10,000 250 800 2000

Cost $60,000 $40,000 $8,000 $24,000

Total Overhead Costs= $ 60,000 + $ 40,000 + $ 8000+ $ 24,000= $132,000

Total overhead assigned to each the 35mm camera=( Total Costs/Total Machine Hours) * 35mm camera machine hours

Total overhead assigned to each the 35mm camera= ($ 132,000/ 20,000)10,000= $ 66,000

An Activity Rate for receiving based on receiving orders= 8000/1000= $8 per receiving order

Receiving costs for 35mm camera= 8 * 200= $1600

An Activity Rate for packing based on packing orders = 24000/ 2400= $ 10 per packing order

5 0

3 years ago

BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recently decide

fomenos

Answer:

Forward integration

Explanation:

Forward integration is a type of business strategy in which the business activities should be carried forward for incorporating the complete production of the product i.e. from the raw material to the end manufacturing of the product along with the supply chain and its logistics. In this, the supplier of the raw material should extend the business to the end manufacturing of the product

So as per the given situation, it is a forward integration

8 0

2 years ago

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl

Tems11 [23]

Answer:

The correct answer is letter "B": She is reviewing her goals and aligning the budget to work toward them.

Explanation:

Smart financial planning is the strategy by which individuals or corporations adjust their budgets according to the current situation they face. The adjustments are done as many times as necessary to accomplish the goals those individuals or firms have set.

In Christie's case, the reason why she adjusts her budget by the end of every month is that she needs to match her expenses with her objectives so she can reach them.

6 0

3 years ago

Read 2 more answers

Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.

coldgirl [10]

Answer:

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

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 IRR button and then press the compute button.

7 0

3 years ago