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Stella [2.4K]
3 years ago
6

Henry wrote 24 checks in April. The bank charges $0.15 a check.

Business
1 answer:
Hunter-Best [27]3 years ago
6 0

Answer: $8.60

Explanation:

Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:

= 24 × $0.15

= $3.60

Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:

= $5 + $3.60

= $8.60

Therefore, the total amount that Henry will pay will be $8.60.

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ou invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national populati
Pie

Answer: refine your approach by going back to the drawing board

Explanation:

Based on the information given, since after reviewing what identifies an ideal market, it's realize that the segmentation approach does not meet any of the effective segmentation conditions, then one should refine their approach by going back to the drawing board.

When this is done, one can then restrategize and then choose a segmentation approach that meets the effective segmentation conditions.

3 0
3 years ago
Best Foods, Inc. has an unlevered cost of capital of 10 percent. The company generates EBIT of $4,250 per year and has a tax rat
avanturin [10]

Answer:

The value of the levered firm $31,125

Explanation:

Value of Firm is the value of present value of expected future earning. It is calculated by dividing the earning after tax by the cost of capital while considering that the business will operate for the foreseeable future time.

EBIT                      $4,250.00

Less

Interest                 <u>$0.00        </u>

EBT                       $4,250.00

Tax 35% x 4250  <u>$1,487.50</u>

EAT                       <u>$2,762.50</u>

Cost of Capial       10%

Value of firm = EAT / Cost of Capital = $2,762.5 / 10% = $27,625

Debt after tax = $10,000 x ( 1 - 0.35 ) = $6,500

Value of Equity = Value of firm - Debt after tax = $27,625 - $6,500 = $21,125

Value of debt = $10,000

Value of levered Firm = $21,125 + $10,000 = $31,125

3 0
4 years ago
Following are the average accounts receivable and net sales reported recently by two large beverage companies (dollar amounts ar
Leokris [45]

Answer:

Part a.

Accounts receivable turnover ratio is the shows how many times accounts receivable can be converted in to cash during the period. The formula for calculating the same is given below.

Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars                                                  MCB          ABI

Net sales                                                 $5,170      $39,046

Average Accounts Receivable                 $517      $2,606

Accounts Receivable Turnover rate            10                14.98

Part b.

Day's sale outstanding shows the average number of days taken to collect the accounts receivable. The formula for calculating the same is given below.

Day's sale outstanding  = Accounts receivable / Total credit sales  × 365

The following table shows the days sale outstanding of MCB and ABI:

Particulars                                                    MCB             ABI

Net sales                                                    $5,170            $39,046

Average Accounts Receivable                    $517            $2,606

Day's sale outstanding                                      36.5             24.36

7 0
3 years ago
Indicate whether the FIFO or LIFO inventory costing method would normally be selected when inventory costs are rising. Explain w
Pepsi [2]

If prices are rising, prefer LIFO. This is because the goods sold have the highest cost and the lowest taxable income. First in, first out, or FIFO, applies the earliest cost first.

Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about LIFO at

brainly.com/question/13510592

#SPJ4

3 0
2 years ago
A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D(x) = 760 - 13x. where q is the quan
zaharov [31]

Answer:

13x ÷ 760 - 13x

Explanation:

The compuatation is shown below:

Data provided in the question

Price per cookie = X

And, the quantity of cookies sold is

q = D(x) = 760 - 13x

Based on the above information, the price elasticity of demand equal to 1 is

We have to use the derivative

D'x = -13

Now the elasticity is

= x. D'x ÷ D(x)

= {x. (-13)} ÷ {760 - 13x}

= 13x ÷ 760 - 13x

4 0
3 years ago
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