Answer: False
Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.
It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.
Answer: 2.67%
Explanation:
Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.
If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.
If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.
This question is asking for a monthly periodic interest rate:
= 31.99% / 12
= 0.026658
= 2.67%
The main type of Insurance company includes:
- General insurance company
- Life insurance company
- Reinsurance company
<h3>What is the role of
Insurance company?</h3>
These are financial institution that provide insurance covers to intending policyholders.
Therefore, the main type of Insurance company includes general insurance company, Life insurance company and Reinsurance company.
Read more about Insurance company
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Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
Answer:
The correct option is C
Explanation:
Provided rise in price increases the revenue from muffin.
That is by $35,000 to $38,000
Rates per muffin = $2 to $3 revised.
Demand at price of $2 = $35,000/$2 = 17,500 units
Demand at price of $3 = $38,000/$3 = 12,667 units approximately
Thus, with increase in price the demand gets to fall in number, though the revenue has increased.
Since the price is increasing by $1 per unit, thus the range is unit elastic.
The correct statement is C
