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belka [17]
3 years ago
8

Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A:

Dated 5/31/2021, principal of $135,000 and interest due 3/31/2022. Note B: Dated 7/1/2021, principal of $227,000 and interest at 8% annually, due on 4/1/2022. Frankenstein had accrued a total of $16,300 interest receivable from these notes in its 12/31/2021 balance sheet. The annual interest rate on Note A is closest to:
Business
1 answer:
Brums [2.3K]3 years ago
8 0

Answer:

9.17%

Explanation:

Interest on Note B = $227,000 * 8% * 6/12

Interest on Note B = $9,080

Remaining Interest = $16,300 - $9,080  = $7,220

Annual Interest Rate = $7,220 / $135,000 * 12/7

Annual Interest Rate =  0.0916825397

Annual Interest Rate = 9.16825397

Annual Interest Rate = 9.17%

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The component of the project management plan that describes how project costs will be planned, structured and controlled is call
Brums [2.3K]

Answer:

False .It is called budget

Explanation:

Budget is used to estimate total costs of the project and it includes a detailed estimate of all costs that are likely to be incurred before the project is completed.

This is used for resource planning and control at every stage of the project and if there is any deviation ,this must be clearly justified by the project manager.

6 0
4 years ago
Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2014
Marizza181 [45]

Answer:

b. 60%

Explanation:

The computation of percentage is assigned to Cost of Goods Sold is shown below:-

                                      $           %

Sales                                  $300      $100

Cost of Goods Sold          $180         $60  ($180 ÷ $300) × 100

Gross Profit                      $120        $40  ($120 ÷ $300) × 100

Operating Expenses          $45          $15  ($45 ÷ $300) × 100

Net Income                      $75          $25 ($75 ÷ $300) × 100

Percentage assigned to cost of goods sold = Cost of goods sold ÷ Sales × 100

= $180 ÷ $300 × 100

= 60%

Therefore for computing the percentage is assigned to Cost of Goods Sold we simply applied the above formula.

3 0
3 years ago
the Great Recession that began in 2007, the Fed lowered interest rates to almost 0%. What did it do to accomplish this policy
SIZIF [17.4K]

Explanation:

it makes it cheaper for banks to get money from the federal reserve

in return they can offer loans with less interest to customers such as those who buy homes

5 0
3 years ago
You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Y
VashaNatasha [74]

Answer:

<em>[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.</em>

Explanation:

Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.

It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.

8 0
4 years ago
Bramble Corp. recorded operating data for its auto accessories division for the year. Sales $790000 Contribution margin 260000 T
Andrei [34K]

Answer:

80%

Explanation:

For computing the return on investment first we have to need the following calculations

New contribution margin = Old contribution margin + increase  in contribution margin

= $260,000 + $30,000

= $290,000

And,

Net Income = Contribution margin - Total direct fixed costs

= $290,000 - $90,000

= $200,000

ROI = Net income ÷  average operating assets

= $200,000 ÷ $250,000

= 80%

3 0
3 years ago
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