If it costs $5.10 to get $4.10 from Friendly's then the loanee would pay about 24% which is a pretty high interest rate and presumably the interest rate would decrease with a higher amount loaned as on a larger amount the actual amount of interest earned would still be significant with a lower interest rate.
Answer:
Variable cost per unit= $1.92 per car wash
Explanation:
Giving the following information:
$5,400, occurred in July when 2,700 cars were washed and the lowest bill, $3,100, occurred in February when 1,500 cars were washed.
To determine the variable cost, we need to use the high-low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,400 - 3,100) / (2,700 - 1,500)= $1.92 per car wash
Answer:
1.How has the growing economy contributed to the growing mice industry?
2.Why does nobody know the size of mice market?
Answer: Optimization of resource allocation
Explanation: Macroeconomics, in simple words, refers to the study of economy as whole. It focuses on factors, the impact of which is high on economy such as interest rates and national productivity.
One of many concerns that macroeconomics deals with is optimization of resource allocation, which means using resources in that sector which gives the best results and maximum profit to the economy.
Answer:
The value of the inventory on hand is $210
Explanation:
Inventory on hand / purchased;
June 1 - 15 units at $12
June 5 - 10 units at $13
June 12 - 20 units at $14
total units on hand = 45 units
Sale - 30 units sold
units left on hand 15.
Since there are only 15 units left on hand, and the $12 and $13 inventory units have all been sold since they were in first before the inventory purchased on June 12 the value of the inventory on hand is 15 x $14 = $210.
