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nikklg [1K]
3 years ago
13

If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one

month of interest accrues?
Business
2 answers:
Westkost [7]3 years ago
8 0

Answer:

560

Explanation:

Thats your answer.

lord [1]3 years ago
6 0

Answer:

561

Explanation:

Answer on knowledge matters

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Mini-CaseSparky Weyer, president and CEO of Minimotors, Inc., a growing manufacturer of small (some of them downright tiny) elec
dangina [55]

Answer:

<u>C. materials requirement planning (MRP).</u>

Explanation:

It is noteworthy that throughout the discourse of Sparky Weyer, president and CEO of Minimotors, Inc. he mentions the company's material needs inorder to increase their production.

At a point he mentions that the suppliers need detailed information about when parts are needed by the company for its new machinery. Thus this is a good example of material requirement planning.

4 0
3 years ago
Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution fo
nadya68 [22]

Answer:

If linen department is dropped operating income of the company will decrease.

Explanation:

That is because the cotrollable margin of the department is positive:

controllable margin = contribution margin - controllable fixed costs

$605,000-($800,000-380,000) = 185,000

That means that the Linen department helps to reduced fixed cost that are not generated by this department and that will keep existing wether the department is closed or not.

In addittion the Hardware department will loose 19% of its sales if the Linen department is closed. Thus will result in a reduction of the cntribution margin of the hardware deparment too.

Download xlsx
3 0
3 years ago
1. If you are attending a two-year school and plan to transfer to a four-year school, you should
Gwar [14]

Answer:

Complete courses that may not transfer.

Explanation:

Transferring from a Two-Year College to a Four-Year College. If this is your plan, be sure that the classes you enroll in not only meet the requirements for your associate's degree but can also be put toward a bachelor's degree at the four-year colleges you're considering.

I may not be right but I tried.

5 0
3 years ago
Read 2 more answers
"Consider a C corporation. The corporation earns $13 per share before taxes. After the corporation has paid its corresponding ta
Eddi Din [679]

Answer:

$1.41144

Explanation:

<em>Assuming that </em><em>distribution of its earning to its shareholder is 30% </em><em>as against the 0% which is likely a mistake because the tax rate on dividend income of 27% is also given in the question</em>

Earning before tax                $13

Less: Corporation tax           <u>$5.46</u>

($13 * 42%)

Earnings after tax                 <u>$7.54</u>

<u />

Dividend distribution = $7.54 * 30% = $2.262

After tax dividend = $2.262 * (1-0.27) = $2.262 * 0.78 = $1.7643

Shareholder earnings after Income tax = $1.7643 * (1 - 0.20) = $1.7643 * 0.80 = $1.41144

Therefore, the Shareholder earnings from the Corporation assuming the <em>distribution of its earning to its shareholder is 30% </em>is $1.41144

4 0
3 years ago
A critical assumption in the classical model is that A. markets are perfectly competitive in the short run B. markets clear in t
Butoxors [25]

Answer:

Letter B is correct.<u> Markets clear in the long run.</u>

Explanation:

The correct alternative is the letter B, since a market clearing price can be defined as the equilibrium price, which is characterized by the price of a good or service whose quantity offered is the same quantity demanded.

Therefore, when there is a situation in which the sale price is higher than the market clearing price, the supply will be greater than the demand, which will create a stock of surpluses that will accumulate in the long run.

6 0
4 years ago
Read 2 more answers
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