<span>Making a large down payment on a loan will decrease the overall amount of money borrowed and lower the APR. In addition, ensuring you have a high credit score will get you the best possible APR. The higher your credit rating, the more trustworthy you appear when it comes to paying back the loan.</span>
Answer:
The required return on equity is 17%.
Explanation:
The required rate of return is the minimum return required by the investors to invest in a stock. The required rate of return is calculated under the CAPM approach based on the the stock's beta, the risk free rate and the market risk premium. The formula for the required rate of return is,
r = rRF + beta * rpM
r = 0.05 + 1.5 * 0.08
r = 0.17 or 17%
Answer:
$1,160 Favorable
Explanation:
The computation of total controllable cost variance is shown below:-
Budgeted variable cost for 36,000 units = $57,200 × 36,000 ÷ $44,000
= $46,800
Total budgeted cost for 36,000 units = $46,800 + $60,000
= $106,800
Controllable Variance = Actual Overhead - Budgeted Overhead
= $105,640 - $106,800
= $1,160 Favorable
Therefore, for computing the controllable variance we simply deduct the budgeted overhead from actual overhead.
Answer:
Feb 01
Allowance for doubtful accounts 6,800
Accounts receivable—Oakley Co. 900
Accounts receivable—Brookes Co. 5,900
Jun 05 Accounts receivable—Oakley Co. 900
Allowance for doubtful accounts 900
Jun 05 Cash 900
Accounts receivable—Oakley Co. 90
Explanation: