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Pachacha [2.7K]
3 years ago
6

On July 1, Lee Co. sold goods in exchange for a $200,000 8-month noninterest-bearing note receivable. At the time of the sale, t

he note’s market rate of interest was 12%. What amount did Lee receive when the note was discounted at a bank at 10% on September 1?
Business
1 answer:
evablogger [386]3 years ago
5 0

Answer:

$190,000

Explanation:

Given:

Loan amount = $20000

Month Remain = [ 8 month  - 2 month ( July - august) non interest bearing] = 6 month

Discount rate = 10%

Calculation of value discounted = Loan amount x Discount Rate x month remain

= $200,000 x 10% x 6/12

= Discounted Amount = $10000

After discount rate = loan amount - discounted amount

= $200,000 - $10,000

After Discount Rate= $190,000

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Barbara is an employee of Baltimore Company. Baltimore Company pays employees the Friday after the wages are earned. Overtime in
LuckyWell [14K]

Answer:

<u>Total Payroll tax expense is $91.336</u>

Explanation:

Normal Wage rate=$16 per hr

Overtime wage tare=$16*150%=$24 per hr

Barbara Normal Income=40*16=640

Barbara Overtime income=6*24=144

Total earnings=640+144=784

Social security tax=784*6.2%=48.608

Medicare taxes=784*1.45%=11.368

Federal unemployment tax=784*1.0%=7.84

State Unemployment tax=784*3.0%=23.52

Total payroll expense for Baltimore company is total of all taxes including extra $220 federal income taxes i.e

$48.608+$11.368+$7.84+$23.52=$ 91.336

Hence, $91.336 will be the total payroll tax expense for Baltimore company.

5 0
3 years ago
Last year, Kurt invested $1,000 in ABC stock, $1,000 in long-term government bonds, and $1,000 in U.S. Treasury bills. Over the
marin [14]

Answer:

6%

Explanation:

3 0
3 years ago
Greg, a project manager in your company, is falling behind on the project schedule. He has elected to crash the project. What is
Vinil7 [7]

Answer:

c) Adding additional project resources to the project

Explanation:

Falling behind schedule is something that needs to be avoided or dealt with promptly and systematically

Crashing is the technique to use when fast tracking has not saved enough time on the project schedule. You use crashing to save resources to the project for the least cost possible. Anyhow, crashing is expensive because more resources are added to the project.

References:

Dave. “A Step-by-Step Process of Dealing with a Project That Is Falling behind Schedule.” MyClientSpot Blog, 10 Sept. 2015

Monnappa, Avantika. “Project Management Learning Series: Fast Tracking Versus Crashing.” Simplilearn.com, Simplilearn, 27 Sept. 2019,

5 0
3 years ago
Decisions today are becoming _____ complex, due to _____ uncertainty in the decision environment. Question 25 options: 1) less,
denis-greek [22]

The answer is option 4 more and increased.

Explanation:

Decisions today are becoming more complex, due to increased uncertainty in the decision environment.

Decision making is planning, organizing, directing and controlling the functions of a manager at achieving organizational goals.

It provides more information and alternatives, improves the quality of decisions and helps in strengthening the organization.

In the decision phase of the decision making process the managers construct a model that reduces the problem. The decision rights identify and define the framework for how they will be made through operating process and support tools.

6 0
3 years ago
1.If Enviromax wants to maximize profit, what price would they charge?
Lunna [17]

Answer:

The question is incomplete. However, kindly find below the complete version of the question:

Question

Jack and Diane own Enviromax, a monopolistically competitive firm that recycles paper products. (1.)If Enviromax wants to maximize profit, what price would they charge?  (2).What is their profit per unit if they are operating at the profit maximizing output?

Answer / Explanation

(1) First before we continue to answer this question, let us define what a monopoly is: This is a kind of market situation where the sole production or manufacturing of a product have been given to a single entity.

The graph attached below will give us a proper understanding and illustration of the answer.

Where:  MR in the graph is defined as the additional revenue obtained when producers produce 1 more unit of good and the AR refers to the total revenue divided by the amount of output produced which is essentially  the price of one unit of good.

MC refers to the additional cost incurred by producers when they produce 1 more unit of good  and is upwards sloping due to increasing opportunity costs of production.  

Noting that since the firm is a monopolistic type, the MR curve is lower than the  AR curve because if the firm wants to sell an additional unit of output it will have to lower the  successive price.  This is unlike the case of a firm operating in a PC where it takes the price as given and hence has no  ability to set prices.  it should also be noted that profit maximizing for all firms (whether PC or non-PC) occurs at MC=MR. This is because if MC>MR  this means the additional cost of producing this unit of good > additional revenue obtained from selling  this unit of good and is hence not profit maximizing. If MC<MR, this implies that the firm should not stop  at producing this unit of good because it will be forgoing the additional net revenue (profit) should it do  so. Hence all firms will produce at the point where MC=MR.

(2) Now referring back to the graph, the profit-maximising point where MC intersects MR hence occurs at  output Q. The firm will hence produce Q and hence price at P according to the AR (DD) curve.

In the graph below, since AR > AC at the profit maximizing level, this implies that per unit revenue > per unit costs and the firm makes a supernormal profit (defined as what excess profit above what is  needed to keep firms in production which is normal profit) of the shaded area.  If the firm was operating in a perfectly competitive market however, then the profit maximizing point  would occur at AR =MC (since AR=MR in a PC market) and the firm would be producing at Qpc and Ppc

5 0
3 years ago
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