Answer:
To calculate the amount of interest that Cecil was charged we can use the following formula:
interest charged = (APR / 365) x 30 days x adjusted balance
where:
Adjusted balance = previous balance – current payments = $340 - $150 = $190
interest charged = (19% / 365) x 30 x $190 = $2.97
Answer:
a. $236.32 per unit
Explanation:
The Full question is "Adirondak Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. Overhead Total Direct Labor Hours DLH per Product A B Painting Dept. $250,000 10,000 16 4 Finishing Dept. 75,000 12,000 4 16 Totals $325,000 22,000 20 20"
A single plant wide factory overhead rate is been used. Thus, Overhead rate per hour = $325000 / 22000 hrs = $14.77
The total hours required to produce a product = 20 hours in painting + 20 hours in finishing
The total hours required to produce a product = 40 hours
Overhead per product = Overhead rate per hour * The total hours required to produce a product
Overhead per product = $590.8
The DLH required for a product A in painting department = 16 DLH
. Overhead rate per unit for product A in painting department = ($590.8/40 DLH) *16 DLH = $236.32 Per Unit
I would say it would be True, as consumers may get overwhelmed with to many choices
Answer:
false
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price
A country is in a recession when the GDP for 2 consecutive quarters is negative.
A binding price floor depends if it is above or below equilibrium
