Answer:
The appropriate response is "12.47%".
Explanation:
The given values are:
Borrowed amount,
= 152300
APR,
= 11.75%
i.e.,
= 0.1175
Now,
The effective annual rate will be:
= 
On substituting the given values, we get
= 
= 
= 
= 
Answer: D. The neighbor, because obtaining financing was a condition precedent.
Explanation:
Even though it wasn't listed in the written contract, there was the condition precedent that the contract would not be binding unless funding was obtained. Condition precedent is a condition that must happen for a contract to become enforceable.
Funding was not obtained so the contract cannot be enforced. The neighbor would therefore prevail so long as the owner admits that there was indeed a condition precedent.
Which is NOT a benefit of studying public speaking?
And the answer is Proves our expertise.
It will help you.
Answer:
Operating Income 20,600
Explanation:
First Step will be to calculate the contribution of the begining inventory and the contribution of the untis produced in this period:
BEGINNING INVENTORY
70 units at $150 = $10,500
cost of BI $3,600
Contribution Begining Inventory $6,900
get the production of this year contribution
Sales Units 150
Direct Materials 25
Direct Labour 10
Variable MO 15
Variable S&A 6
Total Variable 56
Contribution 94
Unit produced 450
Contribution Produced units 42300
Second, the operating income:
Contribution Begining Inventory $6,900
+ Contribution Produced units 42,300
Total contribution = 49,200
Fixed Cost
fixed MO 15,600
fixed S&A 13,000
Total Fixed Cost 28,600
Operating Income 20,600
The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.
