In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%
In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
(effective interest is still 16.67%)
Answer:
B) 280,000; 200,000
Explanation:
Assets = Liabilities + Shareholder Equity
Assets:
Cash $50,000
Accounts receivable $80,000
Inventory $100,000
Gross P&E $730,000
<u>depreciation ($130,000)</u>
total = $830,000
Liabilities:
Accounts payable $12,000
Notes payable $50,000
<u>Long-term debt $218,000 </u>
total = $280,000
Equity = $830,000 - $280,000 = $550,000
Common stock $100,000
Add. paid-in capital $250,000
Retained earnings = $550,000 - $100,000 (common stock) - $250,000 (APIC) = $200,000
Answer:
Break-even sales = $800,000.
Explanation:
<em>The beak-even point is the units of products to be sold or number of customers to be served to enable a business to cover exactly its total cost from the revenue. At the break-even point, the business makes no profit or no loss because the contribution from sales exactly equals the total fixed cost</em>
<em>Break-even in sales revenue = Total fixed cost/Contribution margin</em>
<em>Contribution margin (%) = Contribution/ sales × 100</em>
= 160,000/640,000
= 0.25 × 100
= 25%
<em>Fixed cost = Contribution - operating income</em>
= 160,000- -( 40,000)
= 160,000 + 40,000
= 200,000
<em>Break-even point sales = 200,000/25%</em>
= $800,000.
The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
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Explanation:
The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
The CPI is a statistical technique that estimate or make use of the prices of a sample of representative items and these prices are collected periodically.
The Consumer Price Index (CPI) is index which is used to examine the weighted average price of consumer goods and services basket , which includes transportation, food, and medical care and is calculated by taking price changes for each item in the predetermined basket of goods and averaging them out
2016 claims the full $2,500<span> deduction if your modified adjusted gross income is </span>$65,000<span> or less. The deduction is gradually reduced when your modified adjusted gross income is between </span>$65,000<span> and </span><span>$80,000</span>
