Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013
Germany does not have a comparative advantage, which is the ability to do something better or more efficiently that someone else. Even though they are producing bananas, the industry is artificially supported by the tax incentives and not because Germany is an amazing banana-growing location.
The consequences for the economy are lost opportunity costs that could be producing things where they <em>do </em>have a comparative advantage (cars, for example). Another consequence is that the tax money could be better spent on other things.
Answer:
The business judgement rule states that if the board takes decision in good faith and in best interest of the corporation considering the information available then its decision is not to be questioned by the courts. The courts can intervene only if there is any breach of good faith, due care or loyalty.
The above case is similar in facts with another case paramount vs time. In that case Time decided to merge with another company named Warner. Paramount also started bidding for Time but the directors of Time rejected their bid offer citing that warner merger would be more suitable for the company strategy.
Paramount then brought the case against Time in court.The court stated that the instant case was different from another case (REVLON VS MacAndrews) where Revlon was up for sale and hence it was necessary for the board to sell its assets to the highest bidder.
Answer:
Explanation:
X - number of units sold
Total cost for production = 1,500,000 + 1600X
Total cost for purchasing = 2000X
a. For 4000 units sold
Total cost for production = 1,500,000 + 1600 * 4000 = $7,900,000
Total cost for purchasing = 2000* 4000 = $8,000,000
In this case producing is cheaper. Therefore, it is better to produce
b. Y - break-even point
Then : 1,500,000 + 1600 * Y = 2000* Y
So 1,500,000 = 400 Y
Y = 3750
At №of units less than 3750 purchasing will be the better option
And above 3750 producing will be the better option
It would be d bc it not everyone does all of the things they are saying
