All categories

3 years ago

The function of interest is to make lending money worthwhile and profitable for the __________.

2 answers:

7 0

<span>The function of interest is to make lending money worthwhile and profitable for the lender. The government is monitoring the lender and they are not allowed to give a very high interest rate. Credits and loans are not socially acceptable in the society since this only profitable to the lender.</span>

Helga [31]3 years ago

7 0

Answer:

It is A..........................

You might be interested in

Absorption and Variable Costing Comparisons Red Arrow Blueberries manufactures blueberry jam. Because of bad weather, its bluebe

Morgarella [4.7K]

Answer:

Red Arrow Blueberries

RED ARROW BLUEBERRIES Functional (Absorption Costing) Income Statement For the Summer Quarter (Last Year)

Sales $805,000

Cost of goods sold:

Variable costs 600,000

Fixed costs 192,000

Goods available 792,000

Ending inventory 99,000 693,000

Gross profit 112,000

Operating expenses:

Variable selling & administrative 14,000

Fixed selling and administrative 38,000

Total operating expenses 52,000

Net income (loss) 60,000

Explanation:

a) Data and Calculations:

Beginning inventory (cases) 0

Cases produced 8,000

Cases sold 7,000

Ending inventory (cases) 1,000 (8,000 - 7,000)

Sales price per case $ 115

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing overhead per case $ 10

Total fixed manufacturing overhead $ 192,000

Variable selling and administrative cost per case $ 2

Fixed selling and administrative cost $ 38,000

Variable costs:

Direct materials per case $ 25

Direct labor per case $ 40

Variable manufacturing

overhead per case $ 10

Total variable cost per case $ 75

Total variable costs = $600,000 ($75 * 8,000)

Ending cost of

7 0

3 years ago

The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf

Kruka [31]

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

3 0

3 years ago

A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would

IgorLugansk [536]

Answer:

With mitigation: NPV =$36,670,000, IRR= 15,24%

Without mitigation: NPV= $ 42,000,000, IRR= 19,86%

Explanation:

To calculate the Net Present Value (NPV) we have to sum the present value of a project´s cash flows (positive and negative cashflows). To do so, we need: the number of periods of the project, the discount rate, cost of captal or WACC, and the future values of the cash flows. Then we apply the formula attached.

To calculate the Internal Rate of Return (IRR) we have to find the discount rate, cost of capital or WACC that makes the NPV equal to cero. That means we have to find a rate in which the investor do not create or destroy value, only recovers the investment. I attached the formula.

But, this is better if we use excel:

First we copy the cash flows of the two projects. To find the NPV we use the financial formula "NPV" in this way:

"=NPV(rate;cash flows from year 1 to year 5)+ cash flow of year 0"

To find the IRR we use the financial formula "IRR" in this way:

"=IRR(cash flows from year 0 to year 5)"

I attached the excel figure.

6 0

3 years ago

What were the origins of the Asian currency crisis?

valina [46]

Answer:

East and South east Asia

Explanation:

The crisis that later blew up to become a financial crisis over the year started from the east and south east Asia countries of Thailand , Indonesia and South korea in 1997 before spreading to other counties leading to a fall in value of the currencies ,and fall in stock market and assets prices as the exchange rate continued to nosedive.

It was sparked up by the inappropriate borrowing by the private sector in the previous years

8 0

3 years ago

The goal of __________ is to maximize sales, gain widespread market acceptance, and capture a large market share quickly by sett

Yuri [45]

Answer:

D. Penetration pricing

Explanation:

The goal of <u>penetration pricing</u> is to maximize sales, gain widespread market acceptance, and capture a large market share quickly by setting a relatively low initial price.

Penetration pricing: It is a pricing technique of fixing the low initial price of a product to establish the product in the market due to the low price. This pricing strategy help in attracting more customer and gain a bigger market share. The price of the product is relatively low in the market compare to competitive products. This strategy could surprise competitors as they could lose profit at the lower price of the product, which can create a competitor´s advantage for the organization. This pricing technique is used in the introductory stage of the life cycle of the product.

3 0

3 years ago