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Hitman42 [59]
3 years ago
13

No More Pencils, Inc., disburses checks every two weeks that average $87,000 and take six days to clear. How much interest can t

he company earn annually if it delays transfer of funds from an interest-bearing account that pays 0.011 percent per day for these six days? Ignore the effects of compounding interest
Business
1 answer:
DerKrebs [107]3 years ago
4 0

Answer:

Interest $1,492.92

Explanation:

The company interest will be the amount of the checks multiplied by the number of days it will delay payment then multiply by the number of weeks that checks will be disbursed times the daily interest rate.

Interest = $87,000(6)(52 / 2)(.00011)

Interest =$522,000×26×0.00011

Interest = $1,492.92

Therefore $1,492.92 is the amount of interest that the company earn annually if it delays transfer of funds from an interest-bearing account that pays 0.011 percent per day for these six days.

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The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fu
ivanzaharov [21]

Answer:

Standard price= $6.1

Explanation:

Giving the following information:

The quantity of direct materials used 3,800 lbs. Actual unit price of direct materials $6 per lb. Units of finished product manufactured 1,820 units Standard direct materials per unit of finished product 2 lbs.

Direct materials quantity variance—unfavorable $976 Direct materials price variance—favorable $380.

Direct material price variance= (standard price - actual price)*actual quantity

380= (SP - 6)3,800

6.1= standard price

Direct material quantity variance= (standard quantity - actual quantity)*standard price

976= (1820*2 - 3,800)*SP

6.1= standard price

5 0
3 years ago
In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm
Alla [95]

Answer:

D. households demand goods and services that are supplied by​ firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

8 0
3 years ago
12. Charlotte was not hungry that morning, so she just had a smidgen of cake at the office birthday party.
OLEGan [10]
The answer is C because smidgen means a small amount, and if she was not hungry then she would have only had a little bit.
6 0
2 years ago
What is one of the benefits of the current pattern of global trade?
Harlamova29_29 [7]

Answer:

The correct answer is A. One of the benefits of the current pattern of global trade is that consumers pay lower prices for goods and services.

Explanation:

Today, globalization has expanded international markets, interconnecting nations and their economies through free trade agreements, tariff elimination agreements and even through the transfer of companies from developed countries to peripheral countries, generating work in these nations and lowering production costs that allow reducing prices. All this allows consumers to access goods and services at a much lower cost than they previously accessed, thus reducing the amount they dedicate to consumption and thus increasing the performance of their wages, even allowing poverty reduction and a greater quality of life for people.

6 0
2 years ago
Read 2 more answers
The California Food Handler Card law requires food handlers to _____.
aalyn [17]

Answer:

undergo basic food-safety training

Explanation:

The California Food Handler Card law demands that every restaurant employee be trained on food safety practices to eradicate or minimize the possibilities of transmitting diseases. The law requires a reasonable level of training to ensure conformity with best practices in food handling.

Each restaurant must maintain records showing each employee is trained and possesses a valid California Food Handler Card. The card should be availed on request by the local enforcement officials upon request.

7 0
3 years ago
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