An example of a business that I would start is a food delivery business. The business will entail delivering food from different restaurants to clients as desired. The business structure that would make the most sense is a sole proprietorship as it is a simple business structure whereby I will<span> own and manage the business as well as be responsible for all transactions. The business will also not be taxed as the profits and losses will pass through me.</span>
Answer:
interest expense for 6 months is $ 20658
Explanation:
Given data:
Total price of bond $400,000
Duration of bonds is 10 year
interest rate on bond is 12%
issue price on bond is $413,153 at 10% market rate
The calculation for interest expense for 6 months is given below:
=
= 20658
The six months is taken from Jan 1 to 30 th June 2016
Answer:
$2,000 (Unfavorable)
Explanation:
Given that,
Actual Quantity = 4000 pounds of materials
Actual Rate = $2.20 a pound
Standard Quantity = 3,400 pounds
Standard Rate = $2 per pound
Total Materials price Variance:
= (Actual Quantity × Actual Rate) - (Standard Quantity × Standard Rate)
= (4,000 × $2.20) - (3,400 × $2)
= $8,800 - $6,800
= $2,000 (Unfavorable)
Answer:
Kasey's utility will maximized at 25 ounces of cheese and 5 bagels of cheese
Explanation:
In order to maximize utility,Kasey has to spend the entire $20 on a combination of cream and cheese that is optimum.
The applicable formula is (5 ounces of cream*price of cream)+(1 bagel of cheese * price of cheese)
5*$0.5+1*$1.5=$4
He must spend $4 per purchase
The number of purchases =total income/spend per purchase
=$20/$4
=5 times
Kasey will maximize utility by buying 5 ounces*5=25 ounces of cheese and buying 1 bagel of cheese *5=5 bagels
25 ounces *$0.5+5 bagels *$1.5=$20
