Answer: A. incorrect because part of each payment is to principal and to interest. Therefore, only a portion of the payment goes to interest, so the full amount should not be included when computing the rate of interest paid.
Explanation:
When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.
The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.
Answer:
The range of possible transfer is $ 3.25 to $ 3.50
Explanation:
Data provided:
The purchasing cost of the transistor = $ 3.50
The total number of transistors needed = 8,000
The production cost of the transistor = $ 4.00
The included variable cost = $ 3.25
The included fixed cost = $ 0.75
Now,
the fixed cost cannot be altered, thus it will be there
hence,
the variable cost will be the factor that will evaluate the decision i.e $ 3.25
therefore, the <u>range of possible transfer is $ 3.25 to $ 3.50</u>
Answer:
Option D
To me, I think option D is the most preferred answer
Answer:
$39,000
Explanation:
This can be calculated as follows:
Charitable contribution to carry forward = Contribution to church + Contribution to qualified charities + Half of the fair market value of contributed religious artwork
Therefore, we have:
Charitable contribution carry forward = $6,000 + $3,000 + ($60,000 ÷ 2) = $39,000
Therefore, the amount of the charitable contribution carry forward beyond the current year for Gina Hestopolis is $39,000.
