Answer:
A) Interest on a 4-month note is calculated as: $1,000 × 12% × 1/12.
Explanation:
Each note is worth $1,000
Each note carries a 12% interest rate
Only one month has passed since the notes were issues, so the time = 1/12
Therefore the interest accrued from December 1 to December 31 = note value x note's interest x time = $1,000 x 12% x 1/12 = $10
Answer:
PAIRS OF SUBSTITUTES
tea - coffee
butter - margarine
petroleum - natural gas
PAIRS OF COMPLEMENTARY GOODS
printer - ink cartridge
pen-refill
Explanation:
Substitutes are goods that can replace other goods. On the other hand, complementary goods go hand in hand with one another. This implies that while substitutes can be used in isolation, complementary goods cannot be used in isolation of each other. For example, if one needs a pen, they also require a refill.
Answer:
D. optional sinking fund deposits
Explanation:
The revenue bond rate convenants needed that the rate should be set for the level that could be enough for covering a facility operation and maintenance also the debt service cost is considered
But there is no requirement to cover the option sinking fund or the deposit with respect to the reserve fund
Therefore according to the given case, the option D should be chosen
Answer:
unitary manufacturing cost= $36
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>
<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>
unitary fixed manufacturing overhead= 720,000 / 60,000
unitary fixed manufacturing overhead= $12
<u>Now, we can determine the unitary manufacturing cost:</u>
unitary manufacturing cost= 9 + 11 + 4 + 12
unitary manufacturing cost= $36
Answer: 17.9%
Explanation:
From the question, a stock was bought one year ago for $48.28 per share and sold today for $55.92 per share and also paid a $1.38 per share dividend today.
The realized return will be calculated as:
Po = (P1 + D1) ÷ (1+Re)
48.28 = (55.92 + 1)/(1 + Re)
48.28 = 56.92/(1 + Re)
Cross multiply
48.28 + 48.28Re = 56.92
48.28Re = 56.92 - 48.28
48.28Re = 8.64
Re = 8.64/48.28
Re = 0.179 = 17.9%
