For a note receivable that was created on November 1, 2018 and is due for repayment on October 31, 2019, what is the time fracti
1 answer:
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Answer:
Factor must opt to agree as well as purchase the deal from the provider. A further explanation is provided below.
Explanation:
The given problem seems to be incomplete. Find the attachment of the complete question below.
Given:
Direct material,
= $8.70
Direct labor,
= 24.70
Overhead,
= 43.50
Now,
If the offer is accepted, the cost per unit will be:
=
=
= ($)
Thus the above is the correct answer.
Answer:
Interest revenue from the CD 470.04
Explanation:
we will calcualte the future value of the CD and from there calculate the interest:
Principal 2,200.00
time 8.00 (2 years x 4 quarter per year)
rate 0.02450 (9.8% divided by 4 quarter per year)
This divisions and multiplication are done to make time and rate be express i nthe same metric.
Amount 2,670.04
Now, we calculate interest revenue:
Amount - Principal
2,670.04 - 2,200 = 470.04