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attashe74 [19]
3 years ago
15

The interest charged on a $252000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)

Business
1 answer:
earnstyle [38]3 years ago
3 0

Answer: Interest charged=$3,780

Explanation:

Interest is the amount of money a borrower pays  to its lender for money loaned to him or her at a particular time and rate It can also be money accrued from investments or deposits in  financial institutions. It is calculated as

Interest charged = Principal x Rate x Time

= $252,000 x 6% X 90/ 360

=$3,780

The interest charged on the note payable  =$3,780

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Bailey Furniture Company has prepared the following flexible budget for April and is in the process of interpreting the variance
Grace [21]

Answer:

See notes below

Explanation:

Rate variance

The rate variance is the  the difference between the standard labor cost of the actual hours paid for and the actual cost.

<em>Possible reasons:</em>

An increase in wage rate

Skilled workers were as against using the unskilled workers planned for

Efficiency variance

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

<em>Possible reasons:</em>

The use of skilled workers who worked faster than the unskilled workers planed for

The workers were trained making them more efficient in saving time

3 0
3 years ago
Suppose that Taggart Transcontinental currently has no debt and has an equity cost of capital of 10%. Taggart is considering bor
labwork [276]

Answer:

Option (D) is correct.

Explanation:

We have to use MM proposition that cost of equity will change itself in such a manner so that it can take care of its debt.

Cost of equity:

= WACC of all equity firm + (WACC of all equity - Cost of debt ) × (Debt -to-equity ratio)

At the beginning, when there was no debt,

WACC = cost of equity = 10%

Levered cost of equity:

= 10% + ( 10% - 6%) × 0.2

= 10.8%

Therefore, Taggart's levered cost of equity would be closest to 11%.

8 0
3 years ago
Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?
mario62 [17]

B) Step 2: Assess the national business environment is part of which step in the screening process for potential markets and sites.

The national environment of a business consists of economic, demographic, natural, cultural and political forces. The external environment of a company is often divided into an economic environment, a political and governmental environment, a sociocultural environment, and an international environment.

A state-owned enterprise is a company that operates within the borders of a particular country. Like local companies, state-owned companies understand the culture of the country and develop products and services to satisfy the market. For example, Donut Time is a donut shop that operates throughout Australia.

The question is incomplete. Please read below to find the missing content.

Exploring the cost of transporting goods is part of which step in the screening process for potential markets and sites?

A) Step 1: Identify basic appeal

B) Step 2: Assess the national business environment

C) Step 3: Measure market or site potential

D) Step 4: Select the market or site

Learn more about the national business environment here: brainly.com/question/22728969

#SPJ4

4 0
2 years ago
Explain what lower of cost or market means in regards to reporting merchandise inventory on the balance sheet.
Degger [83]

Answer and Explanation:

Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.

Historical cost is the cost at which asset was acquired. Market price is the price which would be received if the asset is replaced as on the date on which balance sheet is prepared. Inventory is valued at lower of the above mentioned costs.

4 0
3 years ago
Parul is a manager who is preparing to send a memo to members of her team. What will best help her evaluate the memo before she
Oxana [17]

The Fair test is the best tool to help her evaluate the memo before she sends it.

<h3>What is FAIR test?</h3>

The term "FAIR" test entails Facts, Access, Impacts and Respect.

The FAIR test will help the user to:

  • ensure that the communication is fact-based
  • sender's motives is well channeled
  • reasoning are granted access
  • how well respect is shown to the receivers.

In conclusion, the Fair test is the best tool to help her evaluate the memo before she sends it.

Read more about FAIR test

<em>brainly.com/question/6791607</em>

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