Answer:
A) Interest on a 4-month note is calculated as: $1,000 × 12% × 1/12.
Explanation:
Each note is worth $1,000
Each note carries a 12% interest rate
Only one month has passed since the notes were issues, so the time = 1/12
Therefore the interest accrued from December 1 to December 31 = note value x note's interest x time = $1,000 x 12% x 1/12 = $10
I guess he thought you plagiarized the answer, or you didn't fully answer his question. One possibility could be that he wanted the points back, if you could get them back.
Answer:is correct
Option d
Production budget
Explanation:
<em>The total direct labour hours budget are prepared using the production budget . It shows the expected amount o time in hours that are required to achieved the production budget</em>
The direct labour hours budget =
production budget(units)× standard direct labour hours per unit
The standard direct labour hours is the expected amount amount of time a unit of the product is expected to be produced
The production budget in turn is prepared using sales budget and finished goods inventory budget .
<span>
In this scenario, the mean as a measure of central tendency will be least
effective as an accurate representation of financial performance.
</span><span>The mean is a measure of central tendency that is the average for a sample.
</span><span>In this specific case the mean is not effective measure because there is a huge difference in the financial performance in the last month compared to the previous months.So the mean would not give the real picture.</span>
Answer:
$28,240
Explanation:
Total sales = $334,000
Variable cost:
Sales commissions = $334,000 × 6%
= $20,040
Total fixed costs = Sales manager's salary + Advertising expenses
= $5,300 + $2,900
= $8,200
Total selling expenses = Total variable cost + Total fixed cost
= $20,040 + $8,200
= $28,240
Therefore, the total selling expenses to be reported on the selling expense budget for the month of February is $28,240.
