Answer:
The Correct answer would be, When Days will be greater than 5
Explanation:
There are two companies who give cars on rent.
Thrift rents a car for $33 per day
i-e
T=$33D
General rents the car for $20
i-e
G=$20D
and general charges an initial fee of $65
So
G=$20 + $65
So according to question, for how many days it would be cheaper to rent from General.
So when charges by general are less than charges by thrift, as shown below:
65+20D < 33D
65 < 33D-20D
65 < 13D
D > 5
So the answer would be 5 Days.
Answer:
This project should be rejected because the AAR is 10.68 percent.
Explanation:
The accounting rate of return of the project needs to computed,compared with the required accounting rate of return in order to decide whether the project should accepted or rejected:
Profit margin=$86,800*6%=$5208
Average operating assets=($97,500+$0)/2=$48.750
Accounting rate of return=profit margin/average operating assets*100
Accounting rate of return=$5,208/$48,750*100=10.68%
The project accounting rate of return is lower than the required accounting rate of return,hence the project should be rejected.
The correct option is D.
To progress in life and to achieve one's desires one has to set short and long term achievable goals which will drive one toward one's desires.
The goals should be very specific and it must has a time frame, it must be an achievable goal whose achievement will drive you towards achieving a greater one.<span />
Answer:
Journal entry recording the interest
Debit Credit
Interest Expense $7,350
Cash $7,000
Interest Payable $350
As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.
Answer:
a. Wholesale division.
Explanation:
The formula to compute for return on investment is shown below:
Return on investment = Operating Income ÷ Operating Assets
For Retail Division, it would be
= $2,500,000 ÷ $16,000,0000
= 15.625%
For Wholesale Division, it would be
= $6,000,000 ÷ $36,000,0000
= 16.67%
Based on the calculation, the wholesale division perform better
