Consumers and business in the market economy seek to earn money so they can buy products so that they don't go out of business.
Answer:
$2,500,000
Explanation:
Break Point = Level of debt / Weight of debt
(100%-40%)
=60%
Hence:
= 1,500,000 / 60%
= $2,500,000
Therefore the debt breakpoint in the MCC schedule will be $2,500,000
Answer:
The cost of goods sold is $ 4,800.
Explanation:
This problem requires us to calculate cost of good sold. The opening and closing balance of finished goods is given in the question. The cost of good manufactured is also provided in the question.
The cost of good sold can be calculated by finding the amount transferred from finished good account. Detail calculation is given below.
Finished good inventory begining $ 1,000
Cost of good manufactured $ 5,000
Finished good inventory ending ($ 1,200)
Cost of good sold $ 4,800
Answer:
Indifference amount= $17,237.58
Explanation:
Giving the following information:
Suppose you the alternative of receiving either $22,000 at the end of five years or P dollars today.
We need to find the present value of $22,000 at an interest rate of 5%.
PV= FV/(1+i)^n
PV= 22,000/ 1.05^5= $17,237.58
The amount paid to a depositor for keeping their money in a savings account is called <u>"interest".</u>
You can open different sorts of personal savings accounts with banks, merchants and speculation firms. Savings accounts offer low returns contrasted and most different speculations, however are okay and a decent method to acquire enthusiasm until the point when you are prepared to move assets into higher-return ventures, for example, stocks and bonds.
The interest on every single individual savings accounts is computed as compound interest.
Regular savings accounts normally pay bring down loan fees than those paid by currency market accounts.
