A form of verbal contract. There is an agreement between Lee and Gayle; there is an offer, an acceptance of offer and consideration.
Answer:
75% is the work center utilization
Explanation:
Mathematically;
Utilization = (Actual Output/Design capacity)*100
From the question;
Actual output = 300
Design capacity = 400
Substituting these values in the equation, we have:
= (300/400)*100
= 0.75*100
= 75%
Answer:
The correct answer to the following question is option E) 9.06% .
Explanation:
Here the cost of equity given is - 11.8%
Pre tax cost of debt- 6.9%
Tax rate- 35%
So the after tax cost of debt - 6.9% x 65%
= 4.485%
The debt to equity ratio - .6
So the weight of debt - .6 / ( 1 + .06 )
= .375
Weight of equity - 1 / ( 1 + .06 )
= .625
Weighted average cost of capital =
Debts cost x weight of debt + Equity cost x weight of equity
= 4.485 x .375 + 11.8 x .625
= 1.681875 + 7.735
= 9.06%
C. The adjusting entry for accrued interest on a note receivable would include a credit to interest revenue
Answer:
D
Explanation:
In fact a misdemeanor is less bad than a felony
