Answer:
A) Interest on a 4-month note is calculated as: $1,000 × 12% × 1/12.
Explanation:
Each note is worth $1,000
Each note carries a 12% interest rate
Only one month has passed since the notes were issues, so the time = 1/12
Therefore the interest accrued from December 1 to December 31 = note value x note's interest x time = $1,000 x 12% x 1/12 = $10
An Individual who begins, manages, and bears the risks of a business
As sue explains to professor klein, in a business process, activities interact to achieve a business function. Different activities of a business need to work with each other to achieve a common goal. If the functions of a business do not align, the end result will likely not happen because each part of the business needs to work together.
Answer:
C. Marginal cost will equal average total cost when marginal cost is at its lowest point.
Explanation:
Marginal cost is the cost of each extra unit sold or produced. Average total cost is the average cost of all the units which is sold or produced during the period.
If marginal cost equal to the average cost the marginal can not be its lowest point because the lowest point cost will decrease the average cost it will not be equal to average cost, otherwise at the units has same marginal cost.
Answer:
January cost allocated 9,900
February cost allocated 11,790
Explanation:
We will allocate the representative cost over the expected customer complaints during 2018:
$ 15,975 per month x 12 months / 21,300 complaints per year = $9 per complain solved
January processing customer complaints expense:
1,100 customers x $9 = $ 9,900
February processing customer complaints expense:
1,310 customers x $9 = $ 11,790
