Answer:
James' credit union loan rate is 8.88% APR, the local bank loan rate is 9.34% APR.
Explanation:
Hi, since in both cases payments would be done in a monthly basis, we have to assume that the rate that we are looking for is APR (compounded monthly), and since there is no additional information in regards that 9.25% rate, we can assume that this is effective annually, so let´s convert this effective monthly rate into APR (compounded monthly)
First, we have to convert it into an effective monthly rate, that is:
Then we multiply by 12 and we get 0,088796 , which is 8.88% APR (compounded monthly)
This way James can compare both credits. The cheaper loan is from the credit union.
By doing this, Dew was able to create a stronger bond with the customer and their brand. They already have brand awareness with their customers but now they are able to engage their customers by allowing them to have a "say" in their products. They are letting them design a product they would like to see on the market and become a part of the brand/company.
Answer:
S/N ACCOUNT DEBIT CREDIT
1 Equipment $22,000
Cash $22,000
Being payment for new component expected to increase the
equipment’s productivity by 10% a year
2. Equipment Repairs expenses $6,250
Cash $6,250
Being payment for equipment repair
3. Equipment $14,870
Cash $14,870
Being payment for equipment repair to prolong the useful life
the asset
Explanation:
The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.
Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.
The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is expected to increase the equipment’s productivity by 10% a year.
The $6,250 paid for normal repair is a revenue items which is to be expensed against the earning of that period.
The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.
Answer:
It will be a financial disadvantage of Alternative Y over Alternative X
which menas, alternative X is better as their work is lower.
Explanation:
![\left[\begin{array}{cccc}&X&Y&$Differential\\$Material cost&-43000&-62000&-19000\\$Processing cost&-47200&-47200&0\\$Equipment rent&-17800&-17800&0\\$Occupancy cost&-16800&-25100&-8300\\&&&0\\$Total&-16800&-25100&-8300\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26X%26Y%26%24Differential%5C%5C%24Material%20cost%26-43000%26-62000%26-19000%5C%5C%24Processing%20cost%26-47200%26-47200%260%5C%5C%24Equipment%20rent%26-17800%26-17800%260%5C%5C%24Occupancy%20cost%26-16800%26-25100%26-8300%5C%5C%26%26%260%5C%5C%24Total%26-16800%26-25100%26-8300%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer:
Hutters can be claim two dependents
Explanation:
we know here that Hutters can be claim two dependents
because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement
but Carla is a qualifying relative and is under the age of 24
but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable
so
we can say that answer is two
