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
Answer:
C) 9.00; 8.92
Explanation:
The arithmetic rate of return is given by:
The geometric rate of return is given by:
![R_{G} = (\sqrt[4]{(1.11*1.03*1.08*1.14)} -1) *100 \%\\R_{G} = (1.0892-1) *100 \%\\R_{G} = 8.92](https://tex.z-dn.net/?f=R_%7BG%7D%20%3D%20%20%28%5Csqrt%5B4%5D%7B%281.11%2A1.03%2A1.08%2A1.14%29%7D%20-1%29%20%2A100%20%5C%25%5C%5CR_%7BG%7D%20%3D%20%20%281.0892-1%29%20%2A100%20%5C%25%5C%5CR_%7BG%7D%20%3D%20%208.92)
Therefore, the arithmetic rate of return is 9.00 percent and the geometric rate of return is 8.92 percent
The answer is C) 9.00; 8.92.
Answer:
The business manager should assume that the building expense is fixed.
Explanation:
Fixed costs are not correlated with the revenue levels. Within the relevant range, fixed costs remain constant. They do not vary with the activity levels as variable costs do. For example, a manufacturer must pay for rent, repairs and maintenance, and utility bills irrespective of the revenue levels at which it is operating. This is why the business manager always discovers that the building expense each month does not correlate with the revenue levels, unlike the product's variable costs.
The amount of money that I would have in the bank account at the end of one year is $1,100.
The real interest rate I would expect to earn on the deposit is 6%.
If I am saving for a gaming computer, at the end of next year I would have enough money.
<h3>What is the value of the money by next year?</h3>
The formula that can be used to determine the money in my bank account next year is:
FV = P (1 + r)^n
Where:
FV = Future value
P = Present value
R = interest rate
N = number of years
1000 x (1.1)^1 = $1,100
<h3>What is the real interest rate?</h3>
The real interest rate is the nominal interest rate less inflation rate.
The real interest rate = 10% - 4% = 6%
To learn more about future value, please check: brainly.com/question/18760477
Answer:
$28,675 = direct materials used
Explanation:
<u>To calculate the direct material used, we need to use the following formula:</u>
Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750
112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used
$28,675 = direct materials used
