Answer:
27.10%
Explanation:
Data provided in the question:
Principle amount = $1,498
Amount returned i.e the future value = $1,904
Time, n = 1 year
Now,
Interest paid = Amount returned - Principle amount
= $1,904 - $1,498
= $406
Using simple interest formula
Interest = Principle × Rate × Time
or
$406 = $1,498 × Rate × 1
or
Rate = 0.2710 or
= 0.2710 × 100%
= 27.10%
Answer:
$222,000
Explanation:
Given that,
Selling price per unit = $300.00
Variable expense per unit = $78.00
Fixed expense per month = $164,280
Contribution margin per unit:
= Selling price per unit - Variable expense per unit
= $300.00 - $78.00
= $222
Contribution ratio:
= Contribution margin per unit ÷ Selling price per unit
= $222 ÷ $300.00
= 0.74
Break-even in monthly dollar sales:
= Fixed expense per month ÷ Contribution ratio
= $164,280 ÷ 0.74
= $222,000
Answer: Market Opportunity
Explanation:
From the given case/scenario we can state that , Omega Inc. has recognized market opportunity. Market opportunity is referred to as situation or a circumstance under which a commodity, product or service, etc. is potentially needed or wanted by the consumers, is being identified by an organization as something which is not being supplied by their rival companies.
Answer:
3N + 25M + P ≤ 45
Explanation:
Let the number of Newspaper Stories taken=N
Newspaper stories take 3 hours to write.
Total Hour spent on Newspaper Stories=3N
Let the number of Magazine Articles taken =M
Magazine articles take much longer to write 25 hours per article.
Total Hour spent in Magazine Articles=25M
Let the number of Proofreading jobs taken =P
Proofreading pays for every 1 hour
Total Hour spent in Proofreading jobs=P
Since both newspaper stories and magazine articles must be completed in the week they are started.
The writer doesn't want to work more than 45 hours per week. So his total hour in a week is less than or equal to 45.
The Constraint that limits the amount of time the writer will work in a week is given as:
3N + 25M + P ≤ 45
Answer: 3 Variable Rate Loan.
The variable rate loan best describes the loan agreement because the rate can vary and become a different percent over the course of the loan agreement. When you agree to loan terms with variable interest rates it is important to remember when they will change and check the interest rate amounts at any given time over the course of the loan, sometimes the loan terms jump drastically if not paid by the initial given rate.