Finance Charge = Balance x Interest rates
Since Philip has passed the full year since the initial credit, we use the full 19% for the calculation.
So, the finance charge is:
$ 2,000 x 19%
= $ 380
<u>Answer:</u>
<u>a good example of this is when we declined an equity investment offer. </u>
<u>Explanation:</u>
In the short-term one may see an investment offer as a never to be missed opportunity. However, certain investments lead to loss of control, this was true in our own case. Thankfully, we avoided the short-term gain in other to realize a long-term gain.
Answer:
b. The cable commercial
Explanation:
CPM or cost per mille is a measure used in advertising to determine how effectively a promotional message is getting to its audience. It is the cost of getting an advert in front of 1,000 people.
In this scenario when we calculate CPM for the radio station
$600 = 10,250 listeners
x= 1,000 listeners
Cross multiply
x= (600 * 1,000) ÷ 10,250 = $58.54
For the local cable commercial
$1000 = 18,500 viewers
y = 1,000 viewers
Cross multiply
y= (1,000 * 1,000) ÷ 18,500= $54.05
Answer:
The sell will generate a loss of $6,000.
Explanation:
Please find the below for detailed calculations and explanations:
- The equipment's net value at the time of disposal is equal to: Book value of the equipment - The accumulated depreciation of the equipment = 60,000 - 28,000 = $32,000;
- The gain/(loss) on the disposal of equipment is equal to: Sell price of the equipment - The equipment's net value at the time of disposal = 26,000 - 32,000 = $(6,000)
Thus, Tulip Corporation's disposal of the equipment at Dec 31st 2019 makes a loss of $6,000.
