Answer:
<em> 334 units </em><em>sales increase during the month must be required to justify the contemplated expenditure</em>
Explanation:
If management proposes an increase in monthly promotional costs (which is a fixed cost), then the units required to at least cover these extra fixed costs (break -even) must be determined.
<em>Break -even (units) = Fixed Cost / Contribution per unit</em>
<em> </em><em>= $1,600 / ($8.00 - $3.20)</em>
<em> = $1,600 / $4.80</em>
<em> = 333.333</em>
<em> = 334</em>
<em>Therefore, 334 units must contemplate this expenditure</em>
Answer:
The answer is letter A.
Explanation:
No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
The correct answer would be the first option. A note receivable can be transferred to another party by endorsement. It is described as a current asset of an organization that claims a written promissory note from other organization. It is usually made up of the principal and the interest amount.
Answer:
1. Economic Growth and Regulatory Paperwork Reduction Act - <em>Consumer has less paperwork to go through to buy a new house</em>
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.
2. Fair Credit Reporting Act - <em>Consumer disputes financial information reported to a credit scoring company</em>
The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.
3. Federal Deposit Insurance Act - <em>The FDIC has the right to review companies for consumers</em>
4. Children's Online Privacy Act - <em>Consumer refuses to provide their five-year-old child's financial data to a company.</em>
The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.
Answer:
Explanation:
Future value after 24 months = 1200
present value = 1000
Let monthly rate of interest = r
1000 = 1200/( 1+r )²⁴
( 1+r )²⁴ = 1200/1000
( 1+r )²⁴ = 1.2
taking log on both sides
24 log( 1+r ) = log 1.2
24 log( 1+r ) = .07918
log( 1+r ) = .003299
( 1+r ) = 1.007625
r = .007625
monthly rate of interest in percent = .7625%
II Option
Future value after 24 months = 1220
present value = 1020 - 20 = 1000
Let monthly rate of interest = r
1000 = 1220/( 1+r )²⁴
( 1+r )²⁴ = 1220/1000
( 1+r )²⁴ = 1.22
taking log on both sides
24 log( 1+r ) = log 1.22
24 log( 1+r ) = .086359
log( 1+r ) = .003598
( 1+r ) = 1.008319
r = .008319
monthly rate of interest in percent = .8319%
b )
Effective annual rate of uncle = (1.007625)¹² -1
= 1.09543 - 1 = .09543
In percent = 9.543 %
Effective annual rate of greedy friend = ( 1.008319)¹² -1
= 1.1045 -1
= 10.45 %
c ) The first one is cheaper so it is preferable.
