The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
R=I÷pt
R=1,120÷(32,000×(4÷12))
R=0.105×100
R=10.5%
C.) how to research in design your own business
Answer:
Master limited partnership.
Explanation:
Master limited partnership is also called publicly traded partnership and is a publicly traded entity that is taxed as a partnership.
There is a combination of tax advantage of a partnership and the ability of the form to get funding by issuing securities.
To get tax benefits the business should generate at least 90% of their profit from qualified processes such as processing, production, storage, transportation, and real property rents.
Beck was given several hundred shares of stock in the firm, and was officially made a partner. The firm's accountant explained that the company paid taxes the same way as regular partnerships, by passing the profits through to each partner. Beck could purchase more shares of the company on a public stock exchange, as long as someone was willing to sell his/her shares.
This is a master limited partnership.
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)(
Hours of direct labor)(
Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
Answer:
total contribution margin should be closest to: $ 43,000
Explanation:
Total contribution margin = Sales less Variable Costs
= ($ 92,500/3,700 units×4,300 units) - (55,500/3,700 units×4,300 units)
= $107,500 - $ 64,500
= $ 43,000
