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2 years ago

When calculating the Annual Percentage Rate, it is important to consider?

Business

1 answer:

Anettt [7]2 years ago

4 0

Answer:

APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.

Explanation:

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Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement

Amanda [17]

Answer:

Net operating income is $ 15,400.00

Explanation:

The company's operating income if it sells 5,300 units is calculated thus:

sales (5,300*$319,200/5,700) $296,800.00

variable expenses($188,100/5700*5300) ($174,900.00)

Contribution $ 121,900.00

Fixed expenses ($106,500.00)

Net operating expenses $ 15,400.00

The net operating expenses dropped when 5,300 units were sold because the higher the volume, the more the contribution towards covering fixed expenses

3 0

3 years ago

Read 2 more answers

Elise works in New York and developed a geothermal project that was opening in Atlanta. She noticed the project is due next week

Tatiana [17]

Answer: stress management and willingness to travel

Explanation:

Based on the scenario described in the question, Option A and C are both wrong as she doesn't need mechanical knowledge. Mechanical knowledge has to do with one's ability to be able to understand and use tools. She also doesn't need customer service as she isn't attending to customers or anyone.

Since she had to quickly go to Atlanta to put the finishing touches on the project, what she needs is her ability to manage stress and also her willingness to travel.

5 0

3 years ago

Read 2 more answers

Assume the company has 500 units of this product left over from last year that are inferior to the current model. The units must

Vitek1552 [10]

Answer:

variable selling and administrative costs

Explanation:

These 500 units are leftovers that the company can decide to either discard directly or try to sell them with a very steep discount. In order to establish a minimum price, you have to consider that any manufacturing costs are sunk costs and that the selling price must at least cover the administrative and selling costs.

The manufacturing costs will be treated as a loss for accounting purposes, so the company must now determine whether they should sell them or directly discard them (or maybe even donate them depending on the type of good).

4 0

3 years ago

One major factor in low productivity is the amount of time wasted by workers. Wasted time could include things such as time spen

lions [1.4K]

Answer:

Part a: There exists enough statistical evidence at 1% level of significance to show that the amount of time wasted in unsuccessful firms exceeds that of successful ones.

Part b: 95% Confidence interval for how much more time is wasted in unsuccessful firms than in successful ones is (2.3104, 3.2496) hours.

Explanation:

Degrees of Freedom

df1 = n1 - 1 , df2 = n2 - 1 , df = n1 + n2 - 2

df = 398

Pooled Variance

The pooled variance is given as

$S_p^2=\frac{df_1SS_1+df_2SS_2}{df_1+df_2}$

By putting values in the formula,

Sp2 = 5.7401

Mean Squared Error Sm1-m2

$S_{m1-m2}=\sqrt{\frac{S_p^2}{n_1}+\frac{S_p^2}{n_2}}$

Putting values in the equation gives

Sm1-m2 = 0.2396

t-statistic

$t=\frac{(M_1-M_2)(\mu_1-\mu_2)}{S_{m1-m2}}$

By putting in the values,

t-statistic = t = -11.6034

p-value

The p value for the t-static -11.6034 and df=398, from the t tables

p is found as 0.

Decision

0 < 0.01

that is p-value is less than alpha.

Hence we Reject the null hypothesis.

Conclusion

There exists enough statistical evidence at 1% level of significance to show that the amount of time wasted in unsuccessful firms exceeds that of successful ones.

Part b:

We find 95% confidence interval for μ2 - μ1

From the given data, for 95% Confidence interval

α = 0.05, α/2 = 0.025

From z tables for 95% confidence interval, z is given as 1.96.

Confidence interval is given by

$\bar{x_2}-\bar{x_1}\pm z\sqrt{\frac{s_2^2}{n_2}+\frac{s_1^2}{n_1}}\\7.8-5.02\pm 1.96\sqrt{\frac{3.09^2}{200}+\frac{1.39^2}{200}}\\= (2.3104, 3.2496)$

95% Confidence interval for how much more time is wasted in unsuccessful firms than in successful ones is (2.3104, 3.2496) hours.

8 0

3 years ago

The demand function for super big bright led light bulbs is Q^d=(45 million)-(3.5 million * P).If the company charged a price of

kicyunya [14]

Answer:

Explanation:

saif

5 0

3 years ago