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MAXImum [283]
3 years ago
9

A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within ten days; otherwise, the bill is

due at the end of 60 days. Would you recommend borrowing from a bank at an 18 percent annual interest rate to take advantage of the cash discount offer?
Business
1 answer:
UNO [17]3 years ago
7 0

Answer: not, I wouldn't reccomend to borrow from a bank at 18% annual

Explanation: You will pay more, as montlhy interest would be 1.5% and for the 60 days you will pay 3% interest for the loan (18/12*2).

Example:

Price $ 100

with 2% of discount by paying within 10 days would be $98

And if you ask for a loan of $98 (that is the amount you need to pay with the discount) in 60 days you must pay to the bank $100.94 (98*1.03)

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An establishment has three departments with variable costs as a percentage of sales revenue of 30 percent, 40 percent, and 50 pe
zalisa [80]

Answer:

60 percent

Explanation:

Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.

Contribution margin = Sales - Variable costs

Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.

It is represented mathematically as,

= \frac{Contribution\ margin}{Sales}

Also, contribution margin ratio = 100 - variable cost ratio percentage.

Hence, contribution margin for three departments would be:

A = 100 - 30% = 70%

B = 100 - 40% = 60%

C = 100- 50% = 50%

This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.

Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.

\frac{0.70y\ +\ 0.60y\ +\ 0.50y}{3y}    

Thus, weighted average contribution margin would be, 60 percent

7 0
3 years ago
Brodrick Company expects to produce 21,700 units for the year ending December 31. A flexible budget for 21,700 units of producti
statuscvo [17]

Answer:

\left[\begin{array}{cccc}&$Flexible Budget&$Actual&$Variance\\$Sales&548,000&500,000&48000U\\$Variable&-82,200&-113,700&31,500U\\$Contribution&465,800&386300&79,500U\\$Fixed Cost&-142,000&-134,000&8,000F\\$Income&323,800&252300&71,500U\\\end{array}\right]

Explanation:

Sales Price: 434,000 / 21,700 = 20

Variable cost: 65,100 / 21,700 =   3

fixed cost: 142,000

Values at 27,400 units:

sales:  27,400 units x $20 = 548,000

variable cost: 27,400 units x $3 = 82,200

Now, we compare with the actual result and calcualte the income

3 0
4 years ago
Which of these starbucks® coffees was the very first blend we released
spayn [35]

According to Starbucks, the starbucks® coffee that was the very first blend released is " a mix of excellent Latin American beans seared to a glistening, murky chestnut color."

These delicious Latin American beans are prepared with a combination flavor of toffee and cocoa.

Starbucks first prepared this variety in 1971 when the company commenced production in Seattle.

Starbucks is one of the most popular coffee producers in present-day America.

Hence, in this case, it is concluded that the starbucks® coffee that was the very first blend released is " a mix of delicious Latin American beans seared to a glistening, murky chestnut color."

Learn more here: brainly.com/question/20533939

8 0
3 years ago
Read 2 more answers
The sources of grievances in the workplace generally involve:
kondaur [170]

The sources of grievances in the workplace generally involve the following factors such as the;

-          Promotions

-          Layoffs

-          Overtime rules

These factors affect the employees in which causes grievances because of certain scenarios affecting this factors involve in the workplace.

7 0
4 years ago
If you were a raising peaches, apricots or nectarines Pearblossom or Little Rock, or growing hay and alfalfa outside of Palmdale
leonid [27]

College business.

Answer: no I wouldn't rely on precipitation.

Explanation:

I wouldn't rely on precipitation because these crops have a very high need for water that only natural source can't suffice.

Irrigation water can be used as a source, can come from groundwater, through springs or wells, surface water , through rivers, lakes, or reservoirs, or even other sources , such as treated wastewater or desalinated water .

8 0
3 years ago
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