The rate of interest banks charge on short-term
loans to their best customers is called the prime rate. This is given to
customers who have good credit record. It serves as the basis of
the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.
Answer:
(i) $8.33 per unit
(ii) $267
Explanation:
Under high-Low method:
= $8.33
Total cost = variable cost per unit + Fixed cost
1,100 = (8.33 × 100) + Fixed cost
1,100 - 833 = Fixed cost
$267 = Fixed cost
Veichle is in operating condition
Answer:
A) loses some of the benefits of market efficiency.
Explanation:
Taxes always result in deadweight losses. Deadweight loss refers to allocative inefficiencies resulting from an alteration in the equilibrium quantities and economic surplus.
Taxes always increase the price of goods or services, and that increase reduces the equilibrium quantity, therefore resulting in lower economic surplus (lower consumer surplus and lower supplier surplus). The price of a good or service is higher, decreasing the quantity demanded, but the net amount received by the supplier is lower, decreasing the quantity supplied.
Answer:
Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.
Explanation:
In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -
( Balance sheet item / Total liability ) x 100
Given information - Accounts payable = $245,000
Total liabilities = $1200,000
Putting these values in formula -
= $245,000 / $1200,000 X 100
= .20416 X 100
= 20.416
= 20.42% ( APPROXIMATELY )
