The business cycle goes through four major phases: expansion, peak, contraction, and trough.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products.
Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.
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Answer:
c. 7%
Explanation:
According to the given scenario, the computation of the annual stated interest rate on the bonds is shown below:-
Sated interest Rate = Cash interest ÷ Face Value of the bond × 2
= $7,000÷ $200,000 × 2
= 7%
Therefore for computing the annual stated interest rate on the bonds we simply applied the above formula. hence the correct option is c
Answer:
Unitary product cost= $54
Explanation:
Giving the following information:
Production= 23,000 units
Direct materials= $23 per unit
Direct labor= $19 per unit
Variable overhead= $276,000
<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>
First, we need to calculate the unitary variable overhead.
Unitary overhead= 276,000/23,000= $12 per unit
Unitary product cost= 23 + 19 + 12= $54
Explanation:
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Answer:
7.92%
Explanation:
The computation of the return on total assets is shown below:
Return on assets = (Net income) ÷ (average of total assets)
where,
Net income is $2,100
Average total assets = (Beginning total assets + ending total assets) ÷ 2
= ($33,500 + $19,500) ÷ 2
= $26,500
Now put these values to the above formula
So, the ratio would equal to
= $2,100 ÷ $26,500
= 7.92%
