<u>Answer:</u> The rate of interest per year is 18.49 %.
<u>Explanation:</u>
To calculate the rate of interest, we use the equation:
where,
Interest paid = $ 53.95
Amount borrowed = $ 700
Rate of interest = ?
Time = 5 months = 
(Conversion factor: 1 yr = 12 months)
Putting values in above equation, we get:
Hence, the rate of interest per year is 18.49 %.
Store A= 45 x .10 = 4.5 45 - 4.5 = 40.5 40.5 x .06 = 2.43 40.5 + 2.43 = 42.93 nowStore B = 46 - 10 = 36 36 x .06 = 2.16 36 + 2.16 = 38.16so 40-38.6 that will be 1.84so correct option is B hope it helps
Answer: Virtual
Explanation: A virtual organization can be defined as a group of small organisation and individual who join their efforts to produce a particular good or service. It is considered as a separate form of an organisation. These organisations usually have very small or no physical existence.
Online teaching sites with different teachers and subject experts answering question from their homes is an example of such an organisation.
Answer:
B. $8000
Explanation:
Given that
Income = $9000
Beginning book value = 76000
Ending book value = 77000
Dividends = Income + beginning book value of equity - ending book value of equity.
Therefore,
Dividends = 9000 + 76000 - 77000
= 85000 - 77000
= $8000
Thus, dividends for the following year given the following data is = $8000
Answer:
a. $750,000
Explanation:
We can compute the depletion expense by dividing investment by total available capacity of the coal mine. We charge the full investment as there is no salvage value.
Depletion expense = 15 / 20 = $0.75 million per million tons.
Total extracted coal = 1,000,000
so depletion expense for the first year = 1,000,000 * 0.75 = $750,000
We calculated depletion as we would any depreciation and charge it on activity basis which is the amount of coal extracted.
Hope that helps.
