The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
Answer:
A. 52% and $11 per unit
Explanation:
The contribution margin ratio is a measure of how much of a business revenue is available for covering its variable expenses. It also reveals how much is left to cover its fixed cost. The contribution margin is the unit income generated from each product sold. To calculate contribution margin ratio we divide contribution margin by sales. i.e
Contribution margin ratio = (contribution margin)/sales
Contribution margin = (sales - variable expenses)/sales
OR
contribution margin = (selling price - average variable cost)/ selling price
Since selling price is $21 and average variable cost is $10
contribution margin = (21 - 10)/21
= 11/21
=52.38% or 0.5238
Contribution margin = $21 - $10
= $11
thus, A. 52% and $11 per unit is the answer.
variable cost per unit also means average variable cost.
Answer:
Straight-line
depreciation expense for 2016 =40350
depreciation expense for 2017 =40350
Double-declining-balance
depreciation expense for 2016 =105840
depreciation expense for 2017 =63504
Explanation:
Schedule of depreciation expense per year for the machine under the two depreciation methods is attached.
Original Value=264600
Residual Value=22500
Useful life=6
Straight-line
depreciation expense = (Original Value -Residual Value)/Useful life
depreciation expense = 40350
Double-declining-balance
Depreciation rate=1/useful life *100
Depreciation rate 20,00%
Answer:
Operating budgets does not include the budgeted balance sheet.
A: they generally take in more premiums than they pay out
