Correct Option: You are responsible for paying all the interest that accumulates on your loan.
Federal government generally provide subsidized loan with lower interest rate, no interest payment during study period (interest holiday) and various other feature. But if the federal loan is unsubsidized, we have to pay the entire amount of interest accumulated on the loan. In this case, no discount, rebate or subsidy is allowed on the loan amount.
Answer:
straight commission
Explanation:
Straight commission refers to the commission in which only a sales percentage could be given in terms of commission no extra payment, no salary is given. The percentage could be based on the performance of the salesperson i.e how much sales he sold so according to that the percentage is given
Therefore the given situation represents the straight commission method
Answer:
D. $7.30 per machine hour
Explanation:
The computation of Overhead Per Machine Hour is shown below:-
Overhead Per Machine Hour = Fixed Cost + Variable Overhead Cost ÷ Number of hours
= ($100,700 + (19,000 × $2)) ÷ 19,000
= ($100,700 + $38,000) ÷ 19,000
= $138,700 ÷ 19,000
= $7.30 per machine hour
So, for computing the Overhead Per Machine Hour we simply applied the above formula.
Answer:
A firm maximizes its accounting profits when marginal revenue = marginal costs. In this case, the $250 tax, would increase the price of pizzas by less than 1 cent per pizza since total production = 80 pizzas x 360 days = 28,800 pizzas per year. Even if the restaurant only opens 6 days a week, its total production is very close to 25,000 pizzas. So the impact of the tax is really minimum.
If Ronny (I guess that is the owner's name) really wants to keep maximizing his profits, then he should increase the price of each pizza by 1 cent. The price increase will be minimum and very few customers will probably even notice.
Answer:
56
Explanation:
The rule of 70 can be used to determine the amount of years it would take the GDP of a country to double given its growth rate
Number o year for GDP to double = 70 / growth rate of country
for country A = 70 / 5 = 14 years
for country B = 70 / 1 = 70 years
70 years - 14 years = 56 years
