Incomplete question. However, I answered based on the information.
Explanation:
We can determine which Credit card is best in terms of its interest rate by comparing both rates monthly:
Credit card A
<u>APR for the First 3 months:</u>
4.1% / 360 days = 0.009% x 30 = <u>0.27% </u>per month for the first 3 months.
<u>APR for Next 9 months:</u>
15.7% / 360 days = 0.04361% x 30 = <u>1.308% </u>per month for the next 9 months.
Credit card B:
<u>APR the First 3 months</u>
4.2% / 360 days = 0.011% x 30 = 0.33% per month for the first 3 months
<u>Next 9 months:</u>
15.5% / 360 = 0.04305% x 30 = <u>1.291%</u> per month for the next 9 months
Hence, we can conclude,
- For the first 3 months,
Credit Card A is best because it offers lower interest charges.
- For the next 9 months, Credit Card B is best because it offers lower interest charges.
Answer:
$6,900
Explanation:
When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.
Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900
D. office of student federal aid
