Answer:
$31.61
Explanation:
In order to determine the amount of interest charged you must first calculate the average daily balance:
average daily balance = [($2,030 x 9) + ($1,450 x 22)] / 31 = $1,618.39
Now we must calculate the daily interest rate:
daily interest rate = 23% / 365 = 0.063%
Finally we multiply the average daily balance times the daily interest rate times the number of days in the billing period:
interest charged = $1,618.39 x 0.063% x 31 days = $31.61
Answer:
If Chicago municipal bonds yield is 10% then Carter's treasurer make indifferent between the two.
Explanation:
Because Treasury Bond is exempt from tax income and both have same maturity, and they are equally risky and liquid; we then have the equation as below
Treasury bonds yield = Chicago municipal bonds yield after tax
⇔ 6% = Chicago municipal bonds yield * (1 - tax rate 40%)
⇔ 6% = Chicago municipal bonds yield * 0.6
⇒ Chicago municipal bonds yield = 6%/ 0.6 = 10%
The answer is D.} the inflation rate was 12 percent.
Answer:
"A"
Explanation:
Market enhancement is the process of improving the production line of an existing product in order to increase the value, efficiency and effectiveness giving the product a market leading status and an edge over the rivals and new entrants.
It involves research , review and upgrade of production system
This is used to ensure that an existing product has the features to withstand the competition that a new product might bring
Answer:
22.22%
Explanation:
The calculation of percentage in sales is shown below:-
Increase in profit required = $25,000 - $15,000
= $10,000
To achieve a profit $10,000, the required sales increases
= $10000 ÷ 18%
= $55,555.55
Percentage increase in sale = Required sales ÷ Sales of current situation
= $55,555.55 ÷ $250,000
= 22.22%
So, for computing the percentage increase in sales we simply applied the above formula.
