<span>Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
Answer:</span><span>
D. Both A and B are true.</span>
Answer:
a) 15.33%
b) 16.4%
Explanation:
Data provided in the question:
Annual interest rate = 10 percent
Additional cost of maintaining a field warehouse = $16,000 per year.
Now,
Annual financing cost
= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%
For a) Amount borrowed = $300,000
Annual financing cost
= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%
= 15.33%
For b) Amount borrowed = $250,000
Annual financing cost
= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%
= 16.4%
Answer:
The answer is False
Explanation:
Darlene will be the one assessed tax on dividends, tax if charged in daughter's account will result in double taxing
Answer:
Total contribution margin= $76,328
Explanation:
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= 64,960 / 4,000
Unitary contribution margin= $16.24
<u>Now, the total contribution margin for 4,700 units:</u>
Total contribution margin= 16.24*4,700
Total contribution margin= $76,328