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dedylja [7]
3 years ago
11

Which of the following usually carries the highest interest rates?

Business
2 answers:
Debora [2.8K]3 years ago
7 0

Answer:

credit cards is the correct answer.

Explanation:

AleksAgata [21]3 years ago
6 0

Answer:

What is the following?

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Best Birdies produces ornate birdcages. The company's average cost per unit is $22 when it produces 2700 birdcages. If $5700 of
V125BC [204]

Answer:

Total cost= $75,315

Explanation:

Giving the following information:

The company's average cost per unit is $22 when it produces 2700 birdcages.

Fixed cost= $5700

We need to calculate the total cost for 3,500 birdcages.

<u>First, we need to calculate the unitary cost per unit:</u>

<u />

The average cost is calculated as follow:

Average cost= total cost/ number of units

22= total cost/2,700

Total cost= 59,400

If fixed costs are $5,700, total and unitary variable costs are:

Total variable cost= 59,400 - 5,700= 53,700

Unitary variable cost= 53,700/2,700= $19.89 per unit

<u>Now, we can determine the function cost:</u>

Total cost= fixed cost + variable cost

Total cost= 5,700 + 19.89*x

For 3,500 units:

Total cost= 5.700 + 19.89*3,500

Total cost= $75,315

4 0
3 years ago
Read 2 more answers
What are different types of expenditure and examples of each
tensa zangetsu [6.8K]
For the purpose of accounting, there are three types of expenditure. These are Capital Expenditure, Revenue Expenditure, and Deferred Revenue Expenditure.

Capital Expenditure is the amount incurred in acquiring long term assets like land, buildings, equipments (which are used for the purpose of earning revenues). These costs are reflected in the account of Property, Plant and Equipment.

Revenue Expenditure is cost incurred in one accounting year wherein the benefits are also enjoyed in the same period only. It does not increase the earning capacity of the business, instead, it maintains the existing earning capacity of said business. This expenditure is recurring in nature like salaries and wages, selling and distribution expenses.

Deferred Revenue Expenditure is a revenue Expenditure which has been incurred within the current accounting year but its benefit will be extended to a number of years. This cost  is charged to the Profit and Loss account. Example of this is advertising cost.
6 0
3 years ago
Skysong Inc., a provider of consulting services, was founded on October 1, 2022. At the end of the first month of operations, th
qwelly [4]

Answer:

a. Income Statement for the month of October 2022

<u>Revenue:</u>

Service revenue                               $19,540

<u>Expenses:</u>

Salaries and Wages         $2,800

Supplies Expenses           $360

Depreciation Expenses    $260

Interest Expenses             <u>$350   </u>

Total Expenses                                  <u>$3,770</u>

Net Income                                        <u>$15,770</u>

<u />

b. Retained earnings statement for the month of October 2022

Retained Earnings, October 1, 2020      $0

Add: Net Income                                      <u>$15,770 </u>

Retained Earnings, October 31, 2020  <u>$15,770</u>

3 0
3 years ago
Explain 10 reasons why a joint stock company is preferable to a one man's business<br>​
mart [117]

Answer:

Advantages of a Joint Stock Company

One of the biggest drawing factors of a joint stock company is the limited liability of its members. their liability is only limited up to the unpaid amount on their shares. Since their personal wealth is safe, they are encouraged to invest in joint stock companies

The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash. This ease of ownership is an added benefit.

Perpetual succession is another advantage of a joint stock company. The death/retirement/insanity/etc does affect the life of a company. The only liquidation under the Companies Act will shut down a company.

A company hires a board of directors to run all the activities. Very proficient, talented people are elected to the board and this results in effective and efficient management. Also, a company usually has large resources and this allows them to hire the best talent and professionals.

Disadvantages of a Joint Stock Company

One disadvantage of a joint stock company is the complex and lengthy procedure for its formation. This can take up to several weeks and is a costly affair as well.

According to the Companies Act, 2013 all public companies have to provide their financial records and other related documents to the registrar. These documents are then public documents, which any member of the public can access. This leads to a complete lack of secrecy for the company.

And even during its day to day functioning a company has to follow a numerous number of laws, regulations, notifications, etc. It not only takes up time but also reduces the freedom of a company

A company has many stakeholders like the shareholders, the promoters, the board of directors, the employees. the debenture holders etc. All these stakeholders look out for their benefit and it often leads to a conflict of

Explanation:

6 0
3 years ago
A company that utilizes carbon fiber 3-D printing wants to have money available two years from now to add new equipment. The com
Alenkinab [10]

Answer:

Total amount available in two years is $1,354,125.

Explanation:

The total amount available in two years can be calculated as follows:

Total amount in the deposit now = Current deposit + Amount planned to be deposited = $650,000 + $200,000 = $850,000

Future value of the total amount the deposit now = Total amount in the deposit now * (1 + Annual interest rate)^Number of years the deposit used = $850,000 + (1 + 15%)^2 = $1,124,125

Future value of next year's deposit = Next year's deposit * (1 + Annual interest rate)^Number of years the deposit used = $200,000 * (1 + 15%)^1 = $230,000

Total amount available in two years = Future value of the total amount the deposit now + Future value of next year's deposit = $1,124,125 + $230,000 = $1,354,125

5 0
3 years ago
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