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3 years ago

Uming a 360-day year, when a $15,217, 90-day, 12% interest-bearing note payable matures, total payme

Business

1 answer:

postnew [5]3 years ago

3 0

Answer:

$15,674

Explanation:

Principal amount = $ 15,217

Interest rate = 12 percent per year.

<u>Calculating interest per year</u>

=(12/100)x$ 15,217= $ 1,826.04

<u>Calculating interest for 90 days</u>

=(90/360)x $1,826.04 = $456.50

Total payment at maturity will be principal amount plus interest

i.e $ 15,217 +$456.50 = $15, 673.5

1.e $15, 674

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Sarah has been working at a designer clothing company for five years. She has developed an equitable partnership with her collea

igomit [66]

Answer:

Effective follower

Explanation:

An Effective follower is employee in a business who often go to leadership positions, who are always motivated and keen to take responsibility and who exceeds expectations and achieves business goals just like Sarah

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3 years ago

Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1

Grace [21]

Answer:

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = $\frac{Fixed Cost}{Contribution per unit}$

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= $\frac{8,100}{3} = 2,700 units.$

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= $\frac{8,100 + 600}{3}$ = 2,900 units

Final Answer

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

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3 years ago

Happy Trails, Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Workminusinmin

sertanlavr [38]

Answer:

80 % of materials ; 43 % of conversion costs

Explanation:

The FIFO method traces equivalent units for materials and conversion costs for the following categories :

Opening Work in Process units
Units started and completed
Ending Work in Process units

So the units not completed from last months are the first to be completed during the month (hence To finish Opening Work in Process). During the year there are units started and completed (hence Units Started and Completed) and units started that never gets completed (hence Ending Work in Process units).

All these physical units need to be expressed to the percentage of work done on them - equivalent units.

The question is focusing on Number 3 - Ending Work in Process units. So 80 % of materials and 43 % of conversion costs were added during October for these units.

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3 years ago

Norma is considering buying a certificate of deposit with the $500 she has in a regular savings account. Explain to her what fac

Molodets [167]

Answer:

The factors she could consider when choosing a certificate of deposit is explained below in detail.

Explanation:

A higher principal should/may obtain a greater interest rate.

A longer-term normally receives a greater interest rate, except in the matter of a modified yield curve.

Smaller businesses manage to offer greater interest rates than higher ones.

Individual CD accounts commonly obtain greater interest rates than business CD accounts.

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2 years ago

What are examples of Hospitality and Tourism careers? Check all that apply.

alina1380 [7]

Answer:

D. Tour Guide

A. Hotel Clerk

C. Waitress

Explanation:

these are the direct and indirect careers related to hospitality and tourism. with the development of productive communications and travelling facilities, hospitality and tourism industry is one of the fastest growing sectors in any economy.

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3 years ago

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