Sue will pay back $507.20 in interest expense.
Explanation:
The formula for calculating simple interest is:
SI = P x r x t ÷ 100
- P = Principal
- r = Rate of Interest
- t = Term of the loan/deposit in years
In the given problem,
- Sue Gastineau borrowed $17,000 from Regions Bank so, P = $17000
- Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5%, so r = 5.5 %
- Number of days of the loan = March 5 to September 19
- Sue borrowed $17,000 from Regions Bank for the period of = 198 days, So t = 198 / 365
Simple Interest = (17000 * (5.5/100) * (198/365))
Simple Interest = (17000 * (0.055) * (0.5424657534246575))
Simple Interest = (17000 * (0.055) * (0.5424657534246575))
Simple Interest = $507.20
Answer: <em>Total Period Cost = $20,500</em>
Explanation:
Given :
Salary = $4000
Factory supply = $1000
Indirect labor = $6000
Direct material = $16000
Advertising expense = $2500
Office expense = $14000
Direct labor = $20000
Period costs are the costs incurring that do not tend to be a section of manufacturing process. Therefore, we compute the Period Cost using the following formula:
<em>
Period costs = Salary + Advertising expense + Office expense
</em>
<em>
= $4,000 + $2,500 + $14,000
</em>
<em>
= $20,500</em>
Answer:
A. $55,000.
Explanation:
The cost of the new machine in 2009 is $600,000
The residual value was $50,000
Useful life is ten years
Under the straight-line depreciation method, the depreciation amount in 2020 will be
The depreciable amount the machine cost - residual value
= $600,000 - $50,000
= $550,000
The depreciation rate will be 1/10 year x 100 = 10%
depreciation per year will be 10% x 555,000
=10/100 x 550,000
=$55,000
Depreciation 2010, the second year will $55,000 since the depreciation amount is a constant figure under the straight-line method.
Incentive to trade with others, incentive to maintain property,incentive to protect the property and incentive to conserve the property are the property rights for water ownership.
Explanation:
Trade incentives are help that governments provides to industries or firms so that they can acquire a place in the foreign market.
Property incentives are help provided by the landlords to the tenants so that property can be maintained.
Incentive to protect the property is the help provided to protect property that is to look after the price, demand.
Incentive to conserve property is the help provided by the Government so that the property can be conserved properly that is the government looks after its maintenance.
Answer:
Wyatt
Explanation:
High outcome interpendence is a concept that encourages cooperation between members on a team. It shows that if a team wins all members will benefit, and if the team fails all members will be adversely affected.
In this scenario Wyatt who is a slacker in the team of Nick will stand to gain more.
In a high outcome interpendence scenario Nick will be forced to improve on the performance of Wyatt in order to meet team objectives.
The other average workers will only gain a little from increased cooperation.
