Companies decrease prices after meeting the demand from early adopters in order to draw in more price-sensitive customers.
According to the scenario provided in the question, the rationale for the price decline over time is that businesses cut prices to entice the more price-sensitive customers after satisfying the demand for early adopters.
The users who begin utilizing the product before others do are known as early adopters. In this situation, after the early adopters are satisfied, other customers will want to purchase the product, so the price must be dropped to make it affordable for them.
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assume the perpetual inventory system is used. 1) green company purchased merchandise inventory that cost $64,200 under terms of 2/10, n/30 and fob shipping point. 2) green company paid freight cost of $2,420 to have the merchandise delivered. 3) payment was made to the supplier on the inventory within 10 days. 4) all of the merchandise was sold to customers for $94,400 cash and delivered under terms fob destination with freight cost amounting to $1,620. what is the net cash flow from operating activities that results from these transactions?
The gross margin from these transactions of Green Company is is $8,198
What is gross margin?Gross margin is the amount of money that remains after all direct expenses associated with creating or acquiring the products or services that a business sells have been deducted. The more money the corporation may give toward indirect costs and other expenses like interest, the larger the gross margin.
In mathematically,
[tex]Gross margin = Sales - Cost of good sold - freight cost of purchase[/tex]
where,
Sales = $24,900
Cost of good sold = Purchase × ( 1 - Discount rate)
= $16,700 × (1 - 0.04)
= $16,032
Freight cost = $670
Now apply these amounts in the above equation
So gross margin = $24,900 - $16,032 - $670
= $8,198
The freight on sales is paid by the buyer, hence it is not considered.
Thus, The gross margin from these transactions of Green Company is is $8,198
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emerald company is preparing a statement of stockholders' equity for 2023. on january 1, 2023, emerald started the year with a $400,000 credit balance in its retained earnings account. during 2023, the company earned net income of $280,000. emerald declared dividends of $160,000 and paid $100,000 of those dividends. also, the company received cash of $200,000 for additional shares of common stock issued and then paid $60,000 to repurchase shares of common stock. what is the balance in retained earnings on december 31, 2023?
The balance in the retained earnings account on December 31, 2023, for Emerald Company is $520,000.
What is the retained earnings account?The retained earnings account is the general ledger account where the transactions about the retained earnings are summarized.
Retained earnings are the years' accumulated profits not distributed as dividends to stockholders.
To compute the retained earnings ending balance, add the net income or loss to the beginning balance, and subtract the declared dividends.
Retained Earnings:Beginning balance $400,000
Net income $280,000
Declared dividend ($160,000)
Ending balance = $520,000
Thus, Emerald Company has retained earnings of $520,000 on December 31, 2023.
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xyz co. sold equipment that originally cost $14,000 with accumulated depreciation of $11,000 for $4,000 cash, resulting in a gain of $1,000. which of the statements below are correct regarding the treatment of this transaction on the statement of cash flows for the current period? (check all that apply.)
$1,000 is deducted from operating activities; $4,000 is a cash inflow in investing activities.
What are operating activities?Operating activities are all the things a business undertakes to consistently advertise its goods and services. Non-operating activities are one-time occurrences that may have an impact on sales, costs, or cash flow but are unrelated to the regular, main activity of the company.
What are investing activities?Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity. If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.
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nenn co.'s allowance for uncollectible accounts was $95,000 at the end of 2010 and $90,000 at the end of 2009. for the year ended december 31, 2010, nenn reported bad debt expense of $13,000 in its income statement. what amount did nenn debit to the appropriate account in 2010 to write off actual bad debts?
$8000 amount nenn debited to the appropriate account in 2010 to write off actual bad debts.
Uncollectible accounts: what are they?
Receivables, loans, or other debts with essentially zero chance of being paid off are considered accounts uncollectible. A debt may become uncollectible for a variety of reasons, such as the debtor's bankruptcy, an inability to locate the debtor, the debtor's fraud, or a lack of proper documentation to support the existence of the debt.
Calculation:
Allowance for Uncollectible beginning = $90,000
Allowance for Uncollectible at the end = $95,000
Bad debt expense reported = $13,000
Amount Nenn debited to write off of actual bad debt
= $90,000 + $13,000 - $95,000
= $8,000
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a city has an assessed valuation of $\$8000000.$ the rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, how many dollars were still owed?
The rate for school taxes is $60$ cents per $\$100$ valuation. if all but $4\%$ of the school taxes were collected, $ 1920 dollars were still owed.
The Ohio school district income tax brings in money to help the districts that impose the tax. All federal, state, local, and property taxes are not included in this school tax; they are independent and additional.
All British Columbians, including those who don't have children in school, benefit from the education system. You pay school tax to help cover the expense of educating children in British Columbia. The analytical process of calculating the current (or predicted) value of an asset or a business is called valuation. A valuation can be done using a variety of methods. When determining a firm's value, an analyst considers a variety of factors, including the management of the company, the makeup of its capital structure, the likelihood of future earnings, and the market value of its assets.
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if the checksum matches, the receiver can be definitely assured that no bit errors have occurred during transmission. group of answer choices true false
False. The receiver cannot be certain that there have been no bit errors. This is due to the way the checksum for the packet is calculated.
What is checksum ?A checksum is a small-sized block of data derived from another block of digital data in order to detect errors introduced during transmission or storage. Checksums are frequently used to verify data integrity but are not used to verify data authenticity.
A checksum function or checksum algorithm is the procedure that generates this checksum. A good checksum algorithm usually outputs a significantly different value depending on its design goals, even for minor changes to the input.
This is especially true of cryptographic hash functions, which can be used to detect many data corruption errors and verify overall data integrity; if the computed checksum for the current data input matches the stored value of a previously computed checksum, there is a very good chance the data was not accidentally altered or corrupted.
Hash functions, fingerprints, randomization functions, and cryptographic hash functions are all related to checksum functions.
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which of the four types of cost drivers-activity-based, volume-based, structural and executional-are often best related to linear cost estimation methods?
Activity-based and volume-based cost drivers are best related to linear cost estimation.
What is a linear cost function?Businesses employ a mathematical technique called a linear cost function to calculate the overall costs related to a particular level of production. When the cost of producing each item is constant regardless of how many are produced, this approach of cost estimation can be used. In that situation, the linear cost function can be determined by combining the fixed costs with the variable costs, which are the cost per unit times the number of units produced.
By solving for the overall cost of a production order, businesses are able to plan their budgets and determine how much product to produce.
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the compensation plan known as blank involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.multiple choice question.individual incentiveslabor unionmerit payprofit sharing
The compensation plan known as profit sharing involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.
An employee retirement plan that shares in corporate profits is known as a profit-sharing plan. An employee who participates in this sort of plan, also known as a deferred profit-sharing plan (DPSP), is given a share of the company's profits depending on its quarterly or yearly revenues. Although there are usually limitations on when and how a person can withdraw these assets without incurring fines, profit-sharing plans are a terrific method for businesses to give their employees a sense of ownership in the organization.
The amount of the firm's income it intends to share under the profit-sharing plan is entirely up to the corporation.
Employees are not permitted to make contributions to profit-sharing plans; only the firm may do so.
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the government would use production taxes to remedy the problem of substantial: group of answer choices external costs of production. external benefits of production. external benefits of consumption external costs of consumption. internal benefits of production.
By taxing commodities when their production results in spillover costs, the government can consumption to the reduction of negative externalities. This taxes actually raises the cost of manufacturing these goods benefits.
Governments have two options: consumption utilize regulation (such as making a behavior illegal) or rely on market forces. When creating or using a good results in a benefit for a third party, that advantage is known as an external benefit. Positive externalities, or external benefits, imply that social benefit will always outweigh individual advantage. One method of mitigating externalities is through taxes. Governments can levy a tax on the items responsible for some externalities to assist lessen their adverse impacts, such as pollution. Market failure is typically a result of negative externalities. When that occurs, one of three types of responses are available from the government: of laws, levies, and tradeable licenses for pollution. By enacting new rules that directly regulate undesirable behavior, regulation enables the government to lower externalities. Imposing taxes is one way to address harmful externalities and influence people's behavior. To lessen the negative consequences of some externalities, such as air pollution, smoking, and alcohol consumption, taxes may be levied. By taxing items that have negative externalities and subsidizing goods that have positive externalities, the government can internalize the externality and solve the issue. Setting forth property rights. The impact of economic activity on unrelated parties can be restricted by a rigorous definition of property rights. Taxes Taxes can be levied by the government on products or services that cause externalities.
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which of the following is a strategy that is most frequently used by employers offering health care benefits to control and reduce their costs? question 10 options: decreasing deductibles and copayments instituting low-deductible plans increasing employee contributions expanding family coverage
Of the following which is the most frequently used strategy by employers offering health care benefits to control and reduce their costs is Increase deductions and co-payments.
How to avoid bankruptcy
Consider Ideas from Employees, the next tip to avoid business bankruptcy is to overcome this by listening to the ideas of your employees. As a business owner, you shouldn't be selfish, try listening to your team's thoughts. Because ideas that may not have occurred to you to develop company performance can be conveyed by employees.Ask Professionals for Opinion, after getting input from employees, you can try to seek help from professionals. Try to discuss with entrepreneurs who are successful in setting up their business. Even though they have a successful business, they must have faced problems in their business. Therefore, it is important for you to discuss with people who have been in business, to get new views in doing business.You can learn more about bankruptcy here brainly.com/question/15277574
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g a cmo is issued from a 200 mil. pool of mortgages. it has 4 tranches listed below. 12 million in losses are incurred in the pool of mortgages. (assume no principal repayments have occurred.) aaa-rated tranche $140 million a-rated tranche $ 40 million b-rated tranche $ 10 million unrated tranche $ 10 million what is the loss rate on the unrated tranche in percentage points (5% would be entered as 5.00)?
Compute the total loss on AAA rated tranche as follows:
loss rate = (total loss in pool of mortgages*%of AAA rated tranche in pool of mortgages)/amount of AAA rated tranche.
=12million* 140 million/200million/ 140 million
=8.4million/140million
=0.06 million
hence the loss rate is 6%
A loan pool is a set of mortgages held in accept as true with as collateral for the issuance of a loan-subsidized security. Some loan-subsidized securities issued with the aid of using Fannie Mae, Freddie Mac, and Ginnie Mae are acknowledged as "pools" themselves. These are the handiest shape of loan-subsidized security.
The loss severity price (LSR), or loss given default (LGD), is the quantity of losses, inclusive of each ignored hobby and important write-downs, incurred with the aid of using a defaulted security, as a percentage of its important balance. The restoration price is one minus the loss severity price.
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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina chosen?.
Entrepreneurs establish entrepreneurial ventures, which are businesses that look for possibilities, use cutting-edge techniques, and prioritize growth and profitability.
More specific definitions of entrepreneurship include the "ability and willingness to develop, organize and manage a commercial endeavor together with any of its risks to make a profit" and "the process of developing, launching and maintaining a new firm, which is typically similar to a small business."
Which might inspire someone to launch a new company venture?
An individual who develops a novel concept, gathers resources, and establishes a new company enterprise is said to be an entrepreneur. People start their own businesses for a variety of reasons, such as financial gain, a desire to improve people's lives, autonomy, and a sense of success.
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for which of the following manufactured/made products would job costing be more appropriate than process costing? a. wedding gown made according to client's specification/preference b. oil and gas c. chemicals d. liquid soap
The right answer is option a. wedding gown made according to client's specification/preference.
The required details about job costing is mentioned in below paragraph.
An accounting tool called job costing enables companies to track expenditures for specific jobs. The cost of labor, materials, and overhead for a particular project are added together to determine the job cost. A costing technique called job costing is used to estimate the price of particular jobs that are carried out in accordance with the customer's requirements. It is a fundamental costing technique that can be used in situations when there are numerous independent projects or contract activities. With TallyPrime, inventory management has just been lot easier.Businesses in the white-collar sector of the economy, such law companies, accounting firms, and private investment firms, can handle unique client accounts using job order costing. For instance, accounting firms may view every client as a separate task.
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what are the types of contracts that fall within the scope of the statute of frauds? (check all that apply.) multiple select question. promises made in consideration of marriage contracts whose terms allow possible performance within one year contracts related to an interest in real property micro contracts or contracts for less than $100 between family members
the types of contracts that fall within the scope of the statute of fraud are:
promises made in consideration of marriage
contracts related to an interest in real property
According to the statute of frauds, certain agreements must be documented in writing, signed by the party against whom they are to be enforced, and contain enough information to support the agreement. It is a body of law that stipulates that some contracts must be in writing to be enforceable. Additionally, the written agreement frequently contains requirements, such as delivery terms or what must be covered by it. The purpose of the statute of frauds is to shield parties to a contract from a potential dispute or disagreement over the terms of the agreement in the future.
Contracts That Are Subject To The Fraud Statute are:
any vows made, including presents like an engagement ring, that are related to the marriage.contracts that take longer than a year to fulfill.contracts for buying and selling land. (Leases do not have to be covered unless they are for a year or longer.)guarantees that the executor will use his or her own money to settle an estate's debts. (However, the statute of frauds does not apply to pledges to pay such debt with estate monies.)contracts for the sale of items that are worth more than a certain amount of money, usually $500.Learn more about the statute of fraud here:
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current yield what's the current yield of a 8 percent coupon corporate bond quoted at a price of 102.90? note: round your answer to 1 decimal place. multiple choice 8.0% 8.2% 10.3% 7.8%
The current yield of the 8% coupon corporate bond quoted at a price of 102.90 is calculated to be 7.8%
The current yield of a bond can be determined by dividing the annual coupon payment by the current market value of the bond. The current yield can be represented by the following formula;
current yield = coupon rate ÷ current price
current yield = 8% / 102.90%
current yield = 0.08 / 1.0290
current yield = 0.0777
Now converting this calculated value into percentage as follows;
current yield = 0.0777 × 100
current yield = 7.8%
Therefore; the current yield of the 8% coupon corporate bond is calculated to be 7.8% if it is quoted at a price of 102.90
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variable costs per unit: direct materials $2.50 direct labor 0.75 manufacturing overhead 1.25 selling and administrative 1.50 fixed costs for the period: manufacturing overhead $3,000 selling and administrative 2,000 the selling price per unit of product is $15.00. at a production and sales volume of 15,000 units, what is the total profit for summertime company?
The total profit for Summertime company is $130000
Variable costs for Summertime company per unit of production:
Direct material = $2.50
Direct labour = $0.75
Manufacturing overhead = $1.25
Selling and administrative = $1.50
Total variable cost per unit = 2.50 + 0.75 + 1.25 + 1.50 = $6 per unit
Variable cost for 15000 units = 6*15000 = $90000
Fixed costs of production for the company:
Manufacturing overhead = $3000
Selling and administrative expense = $2000
Total fixed costs = 3000 + 2000 = $5000
Total cost for 15000 units = FIxed cost + Variable cost = 5000 + 90000 = $95000
Selling price per unit of production= $15
Revenue from 15000 units of items= 15000*15 = $225000
Profit = 225000 - 95000 = $130000
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suppose you want to dye a fabric blend of cotton and polyester. which of the following approaches is both feasible and could be the most efficient? select one: a. the first fiber is dyed; the bath is dropped; the second fiber is dyed in a separate bath. b. using one bath, the first fiber is dyed; after all dye is exhausted, necessary processing conditions are changed, and the second fiber is dyed. c. both fibers are dyed simultaneously at the same conditions. d. polyester and cotton can only be dyed individually at the fiber level; it is not possible to dye their blends in fabric form.
A right answer is option (b), which calls for dyeing the first fiber in a single bath before changing the processing parameters and dyeing the second fiber.
How is a polyester/cotton blend dyed?Keep the fabric in the dye bath for at least 30 minutes when dying polyester or a polyester-cotton blend to ensure that the color absorbs completely. Since nylon dyes are faster and darker than other fibers, less real-time is needed in the dye bath. Remove from the dye bath once the desired hue has been attained.
Can a cotton and polyester mix be tie-dyed?Cotton/polyester mixtures work well for tie-dye, albeit the colors won't be as vivid as they would be on a fabric made entirely of cotton. But keep in mind that the outcomes could be a little unpredictable. Use shirts that are at least 50% cotton for the greatest results.
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ray miller was looking for funds to support his company's expansion. his bank offered him a $25,000 simple discount note at 10% for 90 days. what are the proceeds for the loan? use 360 days.
Loan proceeds are the amount which the client has to pay to the bank. It includes both principal as well interest payment. The principal amount is the amount at the beginning of the loan. Interest payments can be calculated either using a simple interest rate or the compounding interest rate.
Here, The total loan proceeds to be paid by ray miller is loan amount plus the interest amount which is $25000 + $625 which is equal to $25625.
In this ques, it is given that a simple discount note is being offered to ray miller in the amount of $25000 at the 10% rate for 90 days.
Simple interest = Principal amount ×Rate×Time
Here, Principal amount = $25000
Rate is 10% i.e. 0.1
Time = 90 days i.e. 90÷360 = 0.25 years
Thus, Interest = $25000 ×10%×90days
= 25000 × 0.1×0.25
= $625
Thus, simple interest is $625
The total loan proceeds to be paid by ray miller is loan amount plus the interest amount which is $25000 + $625 which is equal to $25625.
Thus, the proceeds for the loan are $25625.
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buying new-car purchase data by zip code from the polk company is an example of which type of secondary data? question 14 options: commercial source media source tradr association source
New car purchase data with postal code from polk company is an example of secondary data type Commercial source.
To draw conclusions, the research to be carried out requires a source of information called data. Data are facts or figures, and researchers will collect these facts or figures to be processed in order to provide useful information for research. This information will be used for decision making. In this study, two sources of data were used, namely:
PrimarySecondaryPrimary data is a source of research data obtained by researchers indirectly through intermediary media. This means that the researcher acts as a second party because it is not obtained directly. Additional data is not obtained from the first hand, but additional data is obtained from the second, third, etc. Quantitative research is also an exception.
Contrary to primary data, secondary data is complementary data. The word complement here means that in the absence of auxiliary data, due to incomplete data, the quality of the research can be considered low.
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suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline supplied in the united states is 10 million barrels per day. also suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline supplied is 8 million barrels per day. based on these numbers and using the simple formula, the percentage change in price is:
The percentage change in price is 14.28%. (New Price - Old Price) / Old Price x 100 is the equation to calculate percentage change. If the stock price increased, the percentage change would be positive; if it decreased, it would be negative.
What is a price change?The difference between an asset, security, or commodity's initial and final values throughout a specific trading period is referred to as the price change in finance. When the initial value is less than the final value, the change is referred to as positive, and when the final value is less than the original value, it is referred to as negative.
Given,
Old Price = $3.5 per gallon
New Price is $3 per gallon
Required to % change in price =?
% change in price = Old Price - New Price x 100/ Old price
% change in price = 3.5 - 3 x 100/ 100 =14.28%
Thus, the percentage change in price is 14.28% after the new is $3 per gallon.
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firms are increasingly shifting spending from the web to other media such as print, radio, and television as these are often easier to track and analyze. group of answer choices true false
Firms are increasingly shifting spending from the web to other media such as print, radio, and television as these are often easier to track and analyze.
False
What is Media?
The word "medium," which refers to any channel of communication, is pluralized as "media." This could include anything from exposed paper to virtual information and includes things like academic content, art, and news in addition to many other kinds of records.
In other words, Media is a communication tool used to deliver information.
The three types of media are commonly known as news media, social media, and web media, but you might also see them referred to as earned media, shared media, and owned media.
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hen the knowledge, skills, and behaviors used on the job are maintained by the learner once the period of learning ends, and generalized to the workplace once the learner returns to the job, this is known as multiple choice behavioral modeling. learning. training. knowledge transfer.
When the knowledge, skills, and behaviors used on the job are maintained it is transfer of training.
The ability to preserve knowledge, skills, and behavior in organizations is made possible by the transfer of training. It enhances a person's productivity and performance at work. Transfer of training is essential for workers to acquire new skills relevant to their jobs. Learning opportunities can help people develop both technical and soft skills as they frequently instruct people on how to carry out new tasks or act in particular ways.
It enables greater staff collaboration, expertise, and progress to accomplish the organization's long-term goal. Training transfer thus, refers to specific actions taken prior to, during, and after a training session to help employees use the skills they have learned more quickly and successfully on the job.
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the office supplies account had a balance at the beginning of year 3 of $4,000 (before the reversing entry). payments for purchases of office supplies during year 3 amounted to $25,000 and were recorded as expense. a physical count at the end of year 3 revealed supplies costing $4,750 were on hand. reversing entries are used by this company. the required adjusting entry at the end of year 3 will include a debit to:
Office supply expenditure of $750. is the required adjusting entry at the end of year 3 will include a debit to
If office supplies are included as an expense, the entry will be as follows:
Cost of office supplies AC Dr.
To Cash an Acc.
The closing balance of the supplies on hand is then valued.
according to books, $4000
According to the current supply inventory, $4,750
$4,750 less $4,000 equals $750 as the difference.
This will be noted in the Office Supplies Expense category because only supplies are noted in this account.
hence, the appropriate choice is
Office supply expenditure of $750.
Full question is given below
The Office Supplies account had a balance at the beginning of year 3 of $4,000 (before the reversing entry). Payments for purchases of office supplies during year 3 amounted to $25,000 and were recorded as expense. A physical count at the end of year 3 revealed supplies costing $4,750 were on hand. Reversing entries are used by this company. The required adjusting entry at the end of year 3 will include a debit to:
a. Office Supplies Expense for $750.
b. Office Supplies for $750.
c. Office Supplies Expense for $24,250.
d. Office Supplies for $4,750.
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question content area during the taking of its physical inventory on december 31, 20y4, barry's bike shop incorrectly counted its inventory as $207,529 instead of the correct amount of $169,567. the effect on the balance sheet and income statement would be
The effect on the balance sheet and income statement would be Assets and Retained Earnings Overstated By $52,362 and Net Income Overstated by $52,364.
An assets is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful.
A company's balance sheet lists its Assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced to raise a company's worth or enhance its operations. An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder equity. One of the three primary financial statements that are used to analyze a corporation is the balance sheet. It offers a picture of a company's financial situation as of the publication date, including what it owns and owes.
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two years ago, apple admitted to slowing down processors in older iphones to extend battery life and responded by cutting the cost of a replacement battery from $79 to $29. this is an example of .
Two years ago, apple admitted to slowing down processors in older iphones to extend battery life and responded by cutting the cost of a replacement battery from $79 to $29. this is an example of ethical responsibility.
What is ethical responsibility?This is the term that is used to refer to the aspects of businesses that has to do with the ability to recognize as well as be able to act upon the principles that would be of value in a given field or area.
This is an ethical responsibility given that it helps to show that the business made the decision and also took upon them to reduce the cost that the people would need to be able to get the battery.
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you manage a popular malt shop and lately revenues have been disappointing. your friend suggests that raising soda prices will increase revenues, but your waitress suggests that decreasing soda prices will increase revenues. you aren't sure who is right, but you do know that:
When a price is inelastic, it responds to changes in demand less quickly than the price does in turn manage.
This suggests that, in relation to the question at hand, the bouncer believes that there is an inelastic demand for the beverages and that a price rise will result in little to no change in that demand, allowing the bar to boost its profit from the sale of drinks manage.
While elastic demand, on the other hand, denotes a degree of responsiveness that is greater than proportionate to a change in price. The bartender believes that the demand for beverages is elastic and that even a small change in their pricing will result in a significant increase in sales.
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dave borrowed $600 on january 1, 2022. the bank charged him a $6.40 service charge, and interest was $44.90. if dave paid the $600 in 12 equal monthly payments, what was the apr?
The cost of consumer credit expressed as a dollar amount is the financing charge.It includes any fee imposed by the creditor as an incident to or a requirement of the credit extension that is directly or indirectly payable by the customer.
Calculate the annual percentage rate ?The annual percentage rate (APR), the number of days in your payment cycle, and the average daily balance are frequently multiplied to determine the finance fee on a credit card.After that, the product is divided by 365. To sum up, the finance charge formula is the following:Finance charge = Carried unpaid balance × Annual Percentage
Rate (APR) / 365 × Number of Days in Billing Cycle Annual finance charge =Interest+Other costs.Annual finance charge=$6.40+$44.90
Annual finance charge= 51.3
APR=Annual finance charge / Principal borrowed
Let plug in the formula
APR= $51.3/$600
= 0.0855
APR= 0.0855*100
APR= 8.55
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arctic juice company makes three juice blends: pineorange, using 2 portions of pineapple juice and 2 portions of orange juice per gallon; pinekiwi, using 3 portions of pineapple juice and 1 portion of kiwi juice per gallon; and orangekiwi, using 3 portions of orange juice and 1 portion of kiwi juice per gallon. each day the company has 800 portions of pineapple juice, 650 portions of orange juice, and 350 portions of kiwi juice available. its profit on pineorange is $1 per gallon, its profit on pinekiwi is $2 per gallon, and its profit on orangekiwi is $1 per gallon. how many gallons of each blend should it make each day to maximize profit? what is the largest possible profit the company can make?
A matrix is a row and column representation of the elements in a square or rectangular pattern.
Mathematically,
The following formula is used to get the value of the inverse matrix A.
Let x represent the quantity of gallons of Pine Orange Juice.
Y is the volume in gallons of pineapple juice, and
Z be the volume in gallons of orange-kiwi juice.
The rectangular arrangement of numbers, elements, and objects is called a matrix. A matrix's row and column are its horizontal and vertical arrangements, respectively. The ratio of rows to columns determines the order of a matrix. If a matrix has entries in 2 rows and 3 rows, then its order is 23.
Matrix representation of a linear system Each column in an augmented matrix represents a variable or the constant terms, and each row in an augmented matrix represents one equation in the system.
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sales discounts should appear in the financial statements as a(n) . multiple choice question. operating expense addition to inventory part of current liabilities deduction from sales addition to sales
Sales discounts should appear in the financial statements as deduction from sales.
Net sales are operating revenues obtained by a business from the sale of its goods or provision of its services in bookkeeping, accounting, and financial accounting. They are directly recorded on the income statement as Sales or Net sales and are also referred to as revenue. Sales in financial ratios based on income statement numbers are net sales, not gross sales. Sales are the distinctive exchanges that take place in professional selling or during marketing campaigns.
Delivering goods or providing services generates revenue. In marketing, advertising, or general business contexts, the word "sales" frequently refers to an agreement between a buyer and a seller whereby the buyer agrees to acquire certain goods at a predetermined point in the future.
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t.l. franklin corporation has three costs: a, which is variable; b, which is fixed; and c, which is semivariable. the company uses the high-low method and extracted the following data from its accounting records: at 196,000 hours of activity, cost a totaled $2,642,000. at 110,408 hours, the low point during the period, cost c totaled $1,514,000; at 216,000 hours, the high point, cost c's fixed portion amounted to $2.00 per hour. at 144,000 hours of activity, the sum of costs a, b, and c amounted to $8,194,000. required: a. compute the variable portion (total) of cost c at 110,408 hours of activity. b. compute cost c (total) at 144,000 hours of activity. c. compute cost b (total) at 144,000 hours of activity.
T.l. franklin corporation has three costs : The answer is provided on the supporting sheet. All of the elements have been thoroughly explained and formatted. Refer to the supporting sheet for a more complete answer.
What is corporation?
A corporation is a legal body recognised by private and public law "born out of legislation"; a legal person in legal context) and recognised as such in law for certain purposes. 10 Charters were used to establish early incorporated entities . The majority of governments currently permit the formation of new corporations through registrations. Corporations come in a variety of forms, but are often classified by the law of the country in which they are chartered based on two factors: whether they can issue stock or if they are founded to generate a profit.
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Please refer to the photos attached below, I cannot type it here because of so called "inappropriate words"