Answer:
The answer is letter C, Broker.
Explanation:
In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.
In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.
<u>Additional Information</u>
Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.
Commission Merchant- a person who buys and sells products. He receives commission for the sales price.
Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.
Sales Office- this is a location that is used for the purpose of selling. It is often leased.
Answer:
Explanation:
The formula to compute the percentage of amount due for each month is shown below:
= (Month wise amount due) ÷ (Total receivables) × 100
For April:
= ($156,240) ÷ ($390,600) × 100
= 40%
For March:
= ($78,120) ÷ ($390,600) × 100
= 20%
For February:
= ($117,180) ÷ ($390,600) × 100
= 30%
For January:
= ($39,060) ÷ ($390,600) × 100
= 10%
Answer:
a) = $10,896.71
b) = $11,768.45
Explanation:
The question is divided into 2 parts
Part a) Amount in the account today
The formula to use is as follows:
FV of Annuity= P(1+r)∧n - 1)/r
P= Periodic Payment = $450
r= Rate of each period= 8%
n= the number of periods= 14
The account today is as follows:
FV = 450 x (1+0.08)∧14-1]/0.08
= $10,896.71
Part b) The formula to use is as follows:
FV = Future value = (1+r) * P * [ (1+r)n -1] / r
P= Periodic Payment = $450
r= Rate of each period= 8%
n= the number of periods= 14
= Fv= (1+0.08) * 450 * [ (1+0.08)^14 - 1] / 0.08
= $11,768.45
Answer:
1. higher in Country A
Explanation:
Given: Gross domestic product (GDP)= $440 billion.
Country A has 100 million people.
Country B has 175 million people.
Real Gross Domestic Product (GDP): It is defined as the entire output produced annually that includes factors such as inflation and is adjusted for price changes.
Per capita real Gross Domestic Product (GDP): It gives the annual salary for the country and shows the quality of living.
Now calculating per capita real Gross Domestic Product (GDP) for both the countries.
Formula; Per capita GDP= 
<u>Country A</u>
⇒ Per capita GDP= 
We know one billion= 1000 million.
⇒ Per capita GDP= 
∴ Per capita GDP= 
<u>Country B</u>
⇒ Per capita GDP= 
∴ Per capita GDP= 
Hence, comparing both Per capita GDP of country A and B will get Country A have higher per capita GDP.
Answer:
$13,640 Unfavorable
Explanation:
Data provided
Actual hours = 2,600
Standard hours = 6.0
Standard variable overhead rate = $12.40
The computation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate
= (2,600 - (250 × 6.0)) × $12.40
= (2,600 - 1,500) × $12.40
= 1,100 × $12.40
= $13,640 Unfavorable
Therefore for computing variable overhead efficiency variance we simply applied the above formula.
