Answer:
578.22
Explanation:
Oct 1st $ 21,000 at 10%
Dec 6th $ 5,000 at 9%
Dec 16th $ 4,000 at 11%
Principal x rate x time = interest
being rate and time expressed in the same metric.
21,000 x 0.10 x (31 + 30 + 31)/365 = 529.3150685
5,000 x 0.09 x (31-6)/365 = 30.82191781
4,000 x 0.11 x (31 - 16)/365 = 18.08219178
Total interest accrued: 578.2191781
Answer and explanation:
In the corporate world, outside or external financing resources refer to all the sources from where a business can obtain the necessary capital to handle its operations without using the firm's assets. Common examples of external financing resources are:
- Venture Capitals:<em> funding performed at an initial stage of companies after making research on the market and the company.
</em>
- Term loans:<em> provided by financial institutions that profit from the interest rate established in the loan or assets as collateral in case of payment failure.
</em>
- Debt Factoring:<em> short-term financing in which an organization sells its account receivables at a discount.</em>
Answer:
the ending work in process inventory is $91,960
Explanation:
The computation of the ending work in process inventory is given below:
= cost of material + conversion cost
= 22,000 × $1.60 + 22,000 × $2.58
= $35,200 + $56,760
= $91,960
Hence, the ending work in process inventory is $91,960
The same should be considered and relevant
Answer:
Cultural Relativism
Explanation:
Cultural relativism basically implies that other people's values, norms and morals should be understood and respected, rather than judged, usually from the viewpoint of another culture, as the saying goes when in Rome, act like the Romans.
Therefore, Three Torque Inc. has demonstrated Cultural Relativism in deciding to respect the ethics of countries that prohibit facilitating payments.