Answer:
$685,000
Explanation:
First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:
contribution margin ratio=contibution margin/sales revenue
contribution margin ratio=16%
contribution margin required=pretax income+fixed costs
contribution margin required=$71,200+$38,400=$109,600
16%=$109,600/sales revenue
16%*sales revenue=$109,600
sales revenue=$109,600/16%
sales revenue=$685,000
Answer:
B. The total interest = $4.35
Explanation:
The first question to answer, is what is the present value of the annuity of the loan and then based on that the total interest can be calculated.
<h2>Present value of annuity= A x [(1-(1+r)-n)/r]*(1+r) </h2>
Where the A represents Annuity = or $20
The r represents the rate or 1.5%
and the n represents the number of periods which is 6 months
Calculating the value =
= 20 x [(1-1.015^-6)/0.015]*1.015
= 20 x [(1-0.91454219251)/0.015]*1.015
= 20*5.782644973
=$115.65
Now that the loan amount is known, the Total Interest can be calculated as follows
Total Interest= number of payments x monthly payments) - the loan amount (calculated above)
= 20 x 6 -115.65
= 120-115.65
The total interest = $4.35
The correct answer is installment credit. The explanation is below.
Installment credit allows you to purchase an item and then pay for it in installments. The reason that this would be the best option for you is that you do not have the money now to make the purchase, but you are able to make smaller monthly payments in order to purchase a computer.
Installment credit is better than revolving credit for new borrowers. Revolving credit would allow you to charge additional purchases on your revolving credit account. The installment plan only finances one item, rather than like a credit card, which is how revolving credit works. You would not choose non-installment credit because this would require you to make this payment all at once in a short period of time. It would not allow you to spread the payments out over time.
Answer:
Output.
Explanation:
because it is an effect of production but not a factor.
Bonds payable that are <u>long-term obligations</u> are typically recorded on the balance sheet.
<h3><u>How do long-term liabilities work?</u></h3>
Long-term liabilities are debts owed by a business that won't be paid off for at least a year. To give a clearer picture of a company's present liquidity and its capacity to meet its obligations as they come due, the current part of long-term debt is broken out separately from other debt.
Long-term liabilities are also referred to as noncurrent liabilities or long-term debt. The balance sheet's part that may include debentures, loans, deferred tax liabilities, and pension obligations is where long-term liabilities are stated following more immediate liabilities.
Liabilities that are greater than one year in duration or that are not due within the next 12 months are referred to as long-term liabilities. The time it takes a business to convert its inventory into cash is known as its operational cycle.
Learn more about long-term liabilities with the help of the given link:
brainly.com/question/17283456
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