Answer:
6.25%
Explanation:
The formula for calculating interest rate is as follows
I= P x R x T
Where
I= interest, P= principal amount, T is time
in this case: I= $60.94, P=$975, T=1 year
Therefore:
$60.94 = $975 x( r/100) x 1
$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.
6094=975r
r = 6094/ 975
r = 6.2502
interest rate = 6.25%
Answer:
Option (d) is correct.
Explanation:
In 2009, country X had:
Tax revenues = $550 billion
Government expenditures = $700 billion
National debt = $6.5 trillion
Deficit = Expenses - Revenues
= $700 billion - $550 billion
= $150 billion
Public Debt = National debt + Deficit
= $6.5 trillion + 0.15 trillion
= $6.65 trillion
Therefore, the country X had a Deficit of $150 billion and at the end of 2008, a public debt of $6.65 trillion.
Answer:
Explanation:
At times, an SOE is created out of a government agency through a process called corporatization. This allows the agency to convert itself into a for-profit business. Often, the newly formed SOE still operates with government goals in mind, but officially it operates as a commercial enterprise.
Answer:
The answer is 7,000
Explanation:I got it right on Plato/edmentum
Answer:
The overhead cost which should be applied in the current period amounts to $132,800.
Explanation:
The overhead cost which the company should apply in the current period is computed as:
Overhead cost = Direct Material Cost × Pre- determined overhead rate
= $83,000 × 160%
= $132,800
Therefore, the cost of overhead amount to $132,800 which the Lowden Company should apply in the present period.