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olganol [36]
3 years ago
9

A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have

been overdue assuming the supplier uses a 365-day year?
Business
1 answer:
labwork [276]3 years ago
4 0

Answer:

For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days

Explanation:

ACCOUNT         512  

% Interest           15%  

Annual interest 76,8  

   

 76,8         365

 10,52 x

   

X=50 days  

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these students have an increase in sadness and depression question 7 options: a) elementary school b) middle school c) high scho
stealth61 [152]
 C) High school

Depression and sadness generally begin at the age of 12, which is directly in the middle of middle school (about 7th grade), but is much more common in 13-17 year olds. I would say high school is a better answer to this question. 

Hope I'm able to help!
6 0
3 years ago
Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc
Katarina [22]

Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

Thus,

amount paid by insurance in 1 visit = $10

Amount paid by insurance in 6 visit = $10*6 = $60

Total bill charged by the doctor in 6 visit = 360

Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300

Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.

In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6

Thus, 5/6 portion of bill is paid by third party payer.

3 0
3 years ago
Which of the following options is a better purchase for a bicycle?
Bess [88]

Answer:

Option 3: $12 down with equal payments of $5 for 12 months

Explanation:

In option 1 :

The cost is $ 88,

In option 2 :

Down payment = $ 5,

Weekly payment = $ 8,

Number of weeks = 10,

So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,

In option 3 :

Down payment = $ 12,

Monthly payment = $ 5,

Number of months = 12,

So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,

In option 4 :

Down payment = $ 20,

Monthly payment = $ 20,

Number of months = 12,

So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252

∵ 72 < 85 < 88 < 252

Hence, option 3 is better.

6 0
3 years ago
Variable Costing Income Statement for a Service Company The actual and planned data for Underwater University for the Fall term
Mkey [24]

Answer:

Underwater University Variable Costing Income Statement For the Fall Term:

                                                   Actual          Planned          Variance

Number of Enrollment               4,500              4,125            375

Credit hours                              60,450            43,200         17,250

Revenue                                 $7,254,000     $5,832,000     $1,422,000

Variable costs:

Registration, records,

 & marketing costs               $1, 237,500        $1,134,375         $103,125

Instructional costs                   3,868,800        2,592,000       1,276,800

Total variable costs              $5,106,300      $3,726,375    $1,379,925

Contribution margin              $2,147,700       $2,105,625         $42,075

Depreciation on classrooms

       & equipment                   $825,600         $825,600           $0

Operating income                 $1,322,100      $1,280,025         $42,075

Explanation:

Variable costing income statement is an income statement which shows the contribution that revenue makes in paying for the fixed costs, before arriving at the Operating Income.  In variable costing, there is a separation of variable costs from periodic or fixed costs.  All direct materials, labor, and variable overheads are charged to the variable costs, while fixed costs are expensed to the period for which they are incurred.

5 0
3 years ago
If Roten Rooters, Inc., has an equity multiplier of 1.27, total asset turnover of 2.10, and a profit margin of 6.1 percent, what
alexira [117]

Answer:

16.27%

Explanation:

Given that,

Equity multiplier = 1.27

Total asset turnover = 2.10

Profit margin = 6.1 percent

Here, the return on equity is calculated by multiplying profit margin, asset turnover and equity multiplier.

Return On Equity:

= (Profit margin) × (Asset turnover) × (Equity multiplier)

= (0.061) × (2.10) × (1.27)

= 0.1627

= 16.27%

8 0
3 years ago
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