Answer:
Current Ratio=1.93518
Explanation:
Calculating Current Assets:
Current Assets=Total assets-Net fixed assets
Current Assets=$537,800- $412,400
Current Assets=$125,400
Current Liabilities=Total debt- Long-term debt
Current Liabilities=$388,700- $323,900
Current Liabilities=$64,800
Current Ratio=
Current Ratio=1.93518
Answer:
Friendly's would say you were paying <u>1042.86% APR</u>.
Explanation:
Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.
Annual Percentage Rate (APR) can be determined using the following formula:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00
Principal = Amount to borrow = $10.00
n = Number of days in the loan term = One week = 7 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2) / 10 / 7] * 365} * 100
APR = 1042.86%
Therefore, friendly's would say you were paying <u>1042.86% APR</u>.
Answer:
the sales revenue that Head-First must make to earn operating income of $73,120 is $324,000
Explanation:
Hi, first we need to find the units to reach an operating income = $73,120
Price=72
Var Cost= 72*0.62=44.64
Fixed cost= 50,000
With that in mind, let´s formulate the equation
Where:
X= units to sell
everything should look like this
So, Head First has to sell 4,500 units in order to make that $73,120 operating income mark. Therefore, the sales revenue will be 4,500*$72=$324,000
To check the aswer, please relate to the MS excel spreadsheet attached to this answer.
Best of luck.
Answer:
D. $428,724
Explanation:
The formula for present value of a lump sum will be:
Nomial x 1/capitalization factor = Present Value
We plug our given data and solve for capitalization factor
200,000 x 1/capitalization factor = 93,300
200,000/ 93,300 = capitalization factor = 2,1436227224
Now, we are able to calculate the future value
<u>the future value will be:</u>
principal x capitalization factor = future value
200,000 x 2,1436227224 = 428,724.54448
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brainly.com/question/14611936
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