Answer:
the effective rate of interest on the debt is 6.38%
Explanation:
The computation of the effective rate of interest on the debt is shown below:
Effective rate of interest is
= ($400,000 × 6%) ÷ ($400,000 × 0.94)
= $24,000 ÷ $37,600
= 6.38%
Hence, the effective rate of interest on the debt is 6.38%
It could be determined by applying the above formula so that the correct rate could come
Answer:
c) Broker Factor.
Explanation:
A broker factor is an agent that sells goods that are from someone else for a comission and this person takes possession of the products that is selling. Also, a broker factor can make a sell in his/her name and has authorization to receive the money from the sale. Because of this, Mike's relationship with K&M is that of a broker factor.
Answer:
price level changes
Explanation:
The demand curve refers to a graph that shows the change in the demand for a commodity or service as a result of the change in its price.
The aggregate demand curve is a graph that shows the total quantity of all goods and services demanded by the economy at different prices.
Aggregate demand curve shifts except when price level changes.
Answer:
yes
Explanation:
The contribution margin concept uses the formula below to calculate the break-even point.
break-even = fixed cost/ contribution margin per unit
fixed costs = $3,450.
contribution margin per unit = sales price - variable costs
= $25- $12
=$13
Break-even = $3,450 /$13
=265.38
=265 units
The break-even point is 265 units. Rebotar Inc. sold 300 basketballs; they meet the break-even point. 300 basketballs are more than 265.
