Based on the information given Winn will record total interest expense of $200.
Using this formula
Total interest expense=Principal amount× Interest rate ×Time
Where:
Principal amount=$15,000
Interest rate=8%
Time=60 days/360
Let plug in the formula
Total interest expense=$15,000 x .08 x (60/360) = $200.
Total interest expense=$200
Inconclusion Winn will record total interest expense of $200.
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Answer:
C. a higher price and produce a smaller output than a competitive firm.
Explanation:
A monopolistic producer will charge a higher price when confronted with the same unit cost data. The producer will also produce less of the item to make it appear more in demand. In turn, this allows the producer to make more money by spending less on labor and materials. Their overhead is reduced as well. This is seen as a competitive way to market their product and make it seem better and that it sells faster so keeping up with demand is difficult, even though it is completely false.
A contract is fully executed when: the sale is closed.
A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.
A contract is an agreement between private parties that creates mutually enforceable obligations. The basic elements necessary for a contract to be legally enforceable contract are good care; capacity; and legality.
Contracts are the heart of commerce. They are mutual agreements between two (or more) parties that, when signed, create legal obligations that each party must comply with. This can be as simple as buying a product or selling a service.
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Answer
The answer and procedures of the exercise are attached in the following images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.