Answer:
7%
Explanation:
Calculation for the implicit interest rate on the note
First step is to calculate the PV factor
PV factor=$81,630/100,000
PV factor = 0.81630
Last Step is to find the implicit interest rate by using the PV table for 3 years to find the factor that matches the PV factor of 0.81630
Hence the factor that matches the PV factor of 0.81630 can be found or see in the 7% column which means that the implicit interest rate will be 7%
Therefore the implicit interest rate on the note will be 7%
Answer:1. $7720
2. $7945
3. $7758
Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.
Total cost of Sales = Total number of units Sold * Total Cost of inventory sold
= 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60
=$7720
Total units sold=1450 we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.
2. Last in first out method is where the last bought inventory is sold first.
Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1
=$7945
Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.
3. Average Cost = (Sum of all costs/Total number of costs)* total units sold
= (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450
=$7769.58
Advertising regulations provide a set of rules and regulations that protects the consumer from deceptive or misleading claims.
Answer: Option (d)
<u>Explanation:</u>
Advertising regulations is a consumer protection act that safeguards the peoples from being misled in false information about sales and trade.
These regulations evaluates the bad products in a company and makes it fail easily.
It explains the detailed information about the severity of false product in a company and prevents the people from consuming that product.
FTC is one of the advertising policies commonly referred to as the Federal Trade Commission safeguards the consumers from unwanted practices and it also protects the basic rights of the consumer in a state.
FTC uses three major bureaus to evaluate the fraud practices involved in a business and implements a proper advertising activities.
Bureaus of Competition, Economy and Consumer protections implies the best practices of advertising policies.
The answer is B. Always get approval before printing out the final
Answer: C
Explanation:
Who will get the goods and services produced? (Economic questions: what, how, and for whom?)
