Answer:
The answer is 8%
Explanation:
Remember the formula of simple interes is
Total Interest = Amount(Capital) x interest rate x time
in this case
(35.000-25.000) = 25.000 x i x 5 years
10.000/25.000 / 5 = i
0,08= i
8% = i
<span>when the sets are completely finished, the cost should be transferred to: </span>W<span>IP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be </span>WIP inventory-Finishing
Paying the minimum interest on an account balance leads to paying the most in interest because you will make the payments over a longer period of time. The sooner you get the balance paid off, the less amount of interest you will pay. Interest stacks on top of each other over the length of time to pay the debt off.
Answer:
B.people want to buy ..............