365000 - 165000 = $215,000
This gives you the Orlando sales.
215000 x 1.27 (27%) gives you the contribution margin for Orlando store
Answer is : $273,050
Answer:
The actual monthly payment is $206.08, which is slightly higher than the value given in the question, therefore, the given statement is not true.
Step by Step Explanation:
We have been given the loan amount as $12,000, term of loan as 6 years and annual interest rate as 7.25%.
Let us first find the monthly payment for this data, and then we can compare it with the given data to answer the given question.
We know that EMI formula is given as ![C=\frac{P\cdot r\cdot (1+r)^{n}}{(1+r)^{n}-1}](https://tex.z-dn.net/?f=C%3D%5Cfrac%7BP%5Ccdot%20r%5Ccdot%20%281%2Br%29%5E%7Bn%7D%7D%7B%281%2Br%29%5E%7Bn%7D-1%7D)
Upon substituting the given values.
![C=\frac{12000\cdot \frac{0.0725}{12}\cdot (1+\frac{0.0725}{12})^{72}}{(1+\frac{0.0725}{12})^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1+0.0060416666)^{72}}{(1+0.0060416666)^{72}-1}\\C=\frac{12000\cdot 0.0060416666\cdot (1.0060416666)^{72}}{(1.0060416666)^{72}-1}\\C=206.076\\](https://tex.z-dn.net/?f=C%3D%5Cfrac%7B12000%5Ccdot%20%5Cfrac%7B0.0725%7D%7B12%7D%5Ccdot%20%281%2B%5Cfrac%7B0.0725%7D%7B12%7D%29%5E%7B72%7D%7D%7B%281%2B%5Cfrac%7B0.0725%7D%7B12%7D%29%5E%7B72%7D-1%7D%5C%5CC%3D%5Cfrac%7B12000%5Ccdot%200.0060416666%5Ccdot%20%281%2B0.0060416666%29%5E%7B72%7D%7D%7B%281%2B0.0060416666%29%5E%7B72%7D-1%7D%5C%5CC%3D%5Cfrac%7B12000%5Ccdot%200.0060416666%5Ccdot%20%281.0060416666%29%5E%7B72%7D%7D%7B%281.0060416666%29%5E%7B72%7D-1%7D%5C%5CC%3D206.076%5C%5C)
Therefore, the monthly payment is $206.08.
Answer:
B) the wages received for the fifth day of work.
Explanation:
Marginal benefit is the increment in benefit generated by an increase by one unit of output. In this situation, the marginal benefit is given by difference in wage of working five days a week from the wage of working four days a week. Therefore, the marginal benefit is the wage received for the fifth day of work.
The answer is alternative B)
Answer:
Sole Purpose Shoe Company
The reason for Sarah to want to use standard costs to compare with her actual costs is:
A) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.
Explanation:
Standard costs provide a control technique for evaluating the Sole Purpose Shoe Company's performance at three levels: a standard performance level, a measure of actual performance, and a measure of the difference (variance) between standard and actual costs. Sarah will use the variance resulting from the comparison of standard costs with actual costs to measure the non-financial performance of the entity.
Answer:
B) $3,000
Explanation:
Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.