<span>
<span>Finance
charge can be defined as the amount charged by a creditor to a debtor as
borrowing fees or by a seller to a buyer for allowing the buyer to extend the
payment period for a certain good/service. In this case, the original price
of the car was $3,250. But since Michael's Plumbing was not able to pay the
full amount at once, they made a down payment of $450 and later 24 equal
installments of $150. In total, the amount paid will be (450+(150*24))=
$4,050. The finance charge is what they will pay over and above the initial
cash price. This is arrived at by getting the difference as follows
$4,050-$3,250= $800</span></span>
Answer:
=E7*C2/2
Explanation:
The interest expense will be the carrying value of the bond times the effective interest rate.
On cell C8 we have the interest expense
On E7 we have the carrying value which is the outstanding balance.
Then, on C2 we got the effective rate
As this is an annual formula, we must divide by two to convert to semiannual rate.
A file is attached for how the excel sheet looks like
Answer:
A. Pure project A project manager leads personnel from different functional areas = Team members can work on several projects. Duplication of resources is minimized.
B. Functional project Personnel work on a dedicated project team = Team pride, motivation, and commitment are high.
C. Matrix project A team member reports to two bosses = The project is housed within a functional division of the firm.
Explanation:
For A answer, this kind of project management conducts the people, to work on a multitasking way, because they have to accomplish the responsibilities on their functional area as the same that they must accomplished their responsibilities on the project areas. This can minimized the resources for the project but could impact negatively on the compliment of responsibilities because is the same person for two work fronts.
For B answer, if the people can focus their efforts only in the project, that creates more interest on reach the goals efficiently than if the team were distributed on functional and projects departments
For C answer, when the project is developed in a functional division of the firm, you, as a team project member, must report to the project manager and your functional area boss.
Answer:
$6000
Explanation:
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
accounting profit = 15,000
Implicit cost = 9000
15,000 - 9000 = $6000
Answer:
IGR = 9.1640%
Explanation:
.45 dividend payout ratio
1 - .45 = .55 retention ratio
ROA = Return on Assets
Income before taxes 6,200
Assets 11,820 + 28,800 = 40,620 Total Assets
ROA 6,200 / 40,620 = 0.15263417
IGR = 0.09164031 = 9.1640%
