Answer:
1969.6%
Explanation:
The computation of the effective annual rate is given below;
Given that
It is been charged $12 for $200 loan for 7 days
So for 7 days,
the nominal interest rate is is
= 12 ÷ 200 × 100
= 6%
Now
(1+r) = (1+0.06)^{52}
(1+r) = 20.696
r = 19.696
= 1969.6%
Answer:
Wages would fall due to an increase in labor costs.
When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.
This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.
Answer: 20,000 lawn mowers
Explanation:
The formula for calculating the number of lawn mowers needed to reached the budgeted profit levels is:
= (Fixed costs + Budgeted profit) / Contribution margin
Contribution margin = Selling price - Variable cost
= 40 - (14 + 8 + 5)
= 40 - 27
= $13
Number of lawn-mowers required:
= (140,000 + 120,000) / 13
= 20,000 lawn mowers
Answer:
Lower by $8,250
Explanation:
The operating income reported will be different as the unit level of inventory increased during the account period
.
Denominator rate:
= Fixed manufacturing costs ÷ Budgeted denominator level
= 18,000 ÷ 2,400
= 7.5
Operative income:
= Total Units produced - (Total units sold × Denominator rate)
= 2,700 - (1,600 × 7.5
)
= 1,100 × 7.5
= $8,250
Lower by $8,250 under the variable costing because 8250 of fixed manufacturing cost remain in inventory under absorption.
Answer:
inspirational paragraph definitely send it
Explanation:
