Answer:
18.65%
Explanation:
Cost = $12,300
Total Payment = $420 × 36
= $15,120
Difference in the cost and payment = $15,120 - $12,300 = $2,820
Interest rate is the ratio of the interest to the original cost of the item.
The interest is the difference between the amount paid and the actual cost.
Interest rate = ($2,820/$15,120) × 100%
= 18.65%
Answer: d. Business
Explanation: International Business Machine is a multinational IT consulting corporation. The name change to IBM was to signal an expanded business offering and services of the organization.
Answer: B- Increase of $200,000
Explanation:
The extra revenue that will be gained if the company sells premium units will be;
= Premium price - normal price
= 17 - 10
= $7
There are 100,000 unit so the extra revenue is;
= 7 * 100,000
= $700,000
The increase in Net income will be;
= 700,000 - additional processing costs
= 700,000 - 500,000
= $200,000
Answer:
2009 AOPI is 125
Explanation:
The question is to determine the Apples and Oranges Price Index (AOPI) for 2009 with 2002 as the base year
First step: For the base year 2002, the goods were bundled as 10 apples and 5 oranges
Therefore, we calculate the cost of these two in 2002 as follows
= 10 apples x $0.5 + 5 oranges x $1 = $10
Second step: For the 2009, the goods were 5 apples and 10 oranges however, since we are using 2002 as the base year, we will calculate the cost of this same 10 aples and 5 oranges using the 2009 value.
= 10 apples x $1 + 5 oranges x $0.25
= $12.5
Step 3: Based on these calculations with 2002 as the base year
The consumer price index = (12.5/10) x 100
The AOPI (Apple and Oranges Price Index) for 2009 assuming that of 2002 is 100 will be 125
