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3 years ago

$500 at 3.2% for 3 years $450 at 3.1% for 4 years $515 at 3% for 3 years?

1 answer:

4 0

What’s the full question? Depending on how fast you want to pay It off you could do the 515 at 3% for 3 years! But I’m not understanding why The payment is higher?

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Proposal #2 would establish local collection centers throughout the region to decrease the time it takes to convert credit payme

mezya [45]

Answer: a. $120,000

b. $6,000

c. Yes

Explanation:

a. It is said that the collection centres would help reduce the collection time by 2 days and that every day $60,000 comes in.

If the proposal will reduce the amount of time taken to collect by 2 days then that means that the amount freed up is the amount that they would have collected in two days had it not been for the system.

That amount would be,

= $60,000 * 2

= $120,000

b. If they used this free up cash to pay off a debt that was accumulating 5% per year then the 5% will be saved.

The amount saved therefore is,

= 120,000 * 5%

= $6,000

By retiring a $120,000 that was accruing $6,000 a year, the proposal has enabled that $6,000 to be saved instead.

c. The cost of implementing this proposal is $5,200 per year and yet the savings it gives in interest is $6,000.

As the savings are higher than the cost, the number definitely suggest that the project should be implemented because it is more beneficial than it costs.

8 0

3 years ago

Suppose Alphonso’s town raised the price of bus tickets to $1 per trip (while the price of burgers stayed at $2 and his budget r

solong [7]

Answer:

(attached graph)

The increase in the ticket price makes the budget line slope to decrease. There will be less ticket available for Alphonso.

The increase in the bus tickets makes the opportunity cost of the hamburger to decrease as now, consuming an hamburger will make Alphonso renounce to a lesser amount of bus tickets. As the the opportunity cost is the goods or services we don't consume in favor for those we do.

Explanation:

4 0

3 years ago

Vijay Company reports the following information regarding its production costs. Direct materials $9.60 per unit Direct labor $19

solong [7]

Answer:

Unitary cost= $46.4 per unit

Explanation:

Giving the following information:

Direct materials $9.60 per unit

Direct labor $19.60 per unit

Overhead costs for the year:

Variable overhead $9.60 per unit

Fixed overhead $121,600

Units produced 16,000 units

Under absorption costing, the fixed overhead is allocated to the cost of the product. Therefore, we need to calculate the unitary fixed overhead.

Unitary fixed overhead= 121,600/16,000= $7.6

Now, we can calculate the unitary cost of production:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 9.6 + 19.6 + 9.6 + 7.6= $46.4 per unit

6 0

3 years ago

If a firm is producing an output level for which marginal revenue is less than marginal cost;

sdas [7]

Answer:

The correct answer is option b.

Explanation:

A firm is able to maximize it's profit by producing output at the level where the marginal revenue earned from the last unit of output is equal to marginal cost incurred on it.

If a firm is operating at the point where the marginal revenue is lower than the marginal cost then the firm can maximize profit by reducing its output till the point where the marginal revenue and marginal cost are equal.

3 0

3 years ago

2. Prepare a direct materials purchases budget for chemicals for the months of January and February. Do not include a multiplica

Tpy6a [65]

Answer:

Purchases Budget for January 238,590 units

Purchases Budget for February 233,131 units

Dollar Purchases Budget for January $ 477,180

Dollar Purchases Budget for February $ 466,264

Explanation:

Patrick Inc.

Direct Materials Purchases Budget -

January February

Production in units 43,800 41,000

Gallons per unit 5.5 5.5

Gallons for production 240,900 225,500

Desired ending inventory 33,825 41,456

Needed 274,725 266,956

Less: Beginning inventory 36,135 33,825

Purchases 238,590 233,131

Price per gallon $ 2.00 $ 2.00

Dollar purchases $ 477,180 $ 466,264

Direct Materials Purchases budget is calculated by calculating the gallons per unit which is added to desired ending inventory and beginning inventory is deducted. The purchases units are multiplied with price per unit.

4 0

3 years ago