Answer:
$100
Explanation:
Simple interest is calculated using the formula
I = P x R x T
where I = interest
P= principal amount, $1,250
R= interest rate , 8% or 0.08
T = Time, one year
The interest troy will earn is
I= $1250 x 0.08 x 1
= $100
Troy will earn $100 as interest
Answer:
the direct manufacturing cost is $46,230
Explanation:
The computation of the direct manufacturing cost is given below;
= (direct material per unit + direct labor per unit) × number of units produced
= ($6.55 + $3.50) × 4,600 units
= $46,230
hence, the direct manufacturing cost is $46,230
This is the answer but the same is not provided in the given options
The same should be considered
Answer:
The correct answer is letter "E": generate all of the above consequences.
Explanation:
Price supports, mostly known as price floors, are set by the government to protect producers of certain goods and services. By doing so, the product prices will have a minimum that cannot be trespassed. This is to make sure <em>producers can continue with their operations at least earning a minimum profit margin.</em>
<em>The counterpart, the demanders, are affected because their purchasing power is decreased by setting the price at a certain level without the option of going down from there. Besides, the higher the price, the more taxes consumers will be paying. The disadvantage of price floors is surplusses in production that are the result of demanders not being able to pay the price set by the government. Eventually, government agencies purchase the surplus quantity in an attempt to keep the equilibrium in the market.</em>
Answer:
6.08%
Explanation:
Rosita's restaurant has a sales of $4,500
The total debt is $1,300
The total equity is $2,400
The profit margin is 5%
=5/100
= 0.05
Therefore the return on assets can be calculated as follows
= profit margin×sales/total debt +total equity
= 0.05×$4,500/($1,300+$4,200)
= 225/3,700
= 0.0608×100
= 6.08%
Hence the return on assets is 6.08%
