Answer:
c. $146.542
Explanation:
Borrowed amount - $185,000
Interest rate (APY) - 4.35%
Loan term - 30 years
Payement frequency - monthly
Your total interest paid is $146,542.65
Your total principal and interest: $331,542.65
A(n) <u>practice network</u> offers members focused discussion groups, help, information, and knowledge related to an area of shared practice.
The idea of the network of practice was created by John Seely Brown and Paul Duguid and is frequently referred to as NoP. This idea, which is connected to Jean Lave and Etienne Wenger's work on communities of practice, refers to the entire collection of various kinds of informal, emergent social networks that enable information sharing between people with practice-related goals.
In other words, networks of practice include electronic networks of practice as well as communities of practice where learning takes place (often referred to as virtual or electronic communities).
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Answer: a.5.98%
Explanation:
Using the RATE function in Excel, the annual rate of return required can be found with relative ease.
Number of periods = 30 * 12 months = 360 months
Payment = $1,000
Present Value = 0
Future value = -$1,000,000
The rate given is a monthly rate of 0.4958789%
This is a year rate of = 0.4958789 * 12 = 5.9505468%
Which is closest to 5.98%
Answer: $7.20 per minute
Explanation:
Find out the profitability of each product as Contribution Margin per minute.
Magnifico
Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint
= (335.18 - 259.26) / 7.5
= $10.12 per minute
Bellissimo
= (228.46 - 173.08) / 4.3
= $12.88 per minute
Lovely
= (199.21 - 159.61) / 5.5
= $7.20 per minute
Their least profitable product is $7.20 per minute.
The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.
<em>Options are most probably for another variant of the question. </em>
Answer:
Debit Bad Debt Expense; Credit Accounts Receivable
Explanation:
Bad debts expense is related to a company's current asset accounts receivable. Bad debts expense is also referred to as uncollectible accounts expense or doubtful accounts expense.
When a cash payment is received from the debtor, cash is increased and the accounts receivable is decreased. When recording the transaction, cash is debited, and accounts receivable are credited.