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1 year ago

13

If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one

month of interest accrues?

2 answers:

Westkost [7]1 year ago

8 0

Answer:

560

Explanation:

Thats your answer.

lord [1]1 year ago

6 0

Answer:

561

Explanation:

Answer on knowledge matters

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Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a pro

vlabodo [156]

Answer:

Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.

Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.

period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.

Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities

4 0

1 year ago

Ayayai Corp. has the following inventory data:

Brums [2.3K]

Answer:

Using the average cost method, the value of ending inventory is $2,200

Explanation:

Ayayai Corp. uses average cost method. The company counts merchandise inventory on July 30 (the company uses periodic inventory system).

Average cost = Total Cost of Inventory /Total Units in Inventory

1. Beginning inventory: 66 units at $19, total cost $1,254

2. 7 July, Purchases: 231 units at $20, total cost $4,620

3. 22 July, Purchases purchase: 33 units at $22, total cost $726

Total purchase in the period: 264 units, total cost $5,346

Average cost = ($1,254 + $5,346 )/(66 + 264) = $6,600/330 = $20 per unit

On July 30, there are 110 units on hand

The value of ending inventory = 110 x $20 = $2,200

6 0

2 years ago

The owner of Chips etc. produces two kinds of chips: lime (L) and vinegar (V). He has a limited amount of the three ingredients

Sloan [31]

Answer:

Objective function (maximize)

$Profit=0.40L+0.50V$

Constraints

- Availabitily of salt: $2L+3V\leq4800$

- Availability of herbs: $1C+2V\leq 2000$

- Availability of flour: $6C+8V\leq9600$

Explanation:

This a linear programming problem. We have an objective function (in this case it is the profit) that we want to optimize, but complying with constraints (in this case, the availability of ingredients).

The objective function can be defined taking into account the profits of the two kind of chips:

$Profit=0.40L+0.50V$

The constraints can be expressed taking into account the amount of ingredients every unit of chip needs and stating that it has to be less or equal to the availability of this ingredient:

- Availabitily of salt:

$2L+3V\leq4800$

- Availability of herbs

$1C+2V\leq 2000$

- Availability of flour

$6C+8V\leq9600$

With these expressions the linear programming problem can be solved.

3 0

1 year ago

f the company estimates that it will need 55,480 pounds of raw material to satisfy production needs in March, then the raw mater

Rama09 [41]

Answer:

$5,548

Explanation:

Bonkowski Corporation

Estimated raw materials inventory balance at the end of February will be:

Raw materials inventory (ending) 5,548

(55,480 pounds × 10% )

Cost per pound $1.00

Hence:

Balance of Raw material inventory at the end of February will be:

$5,548 ×$1.00

=$5,548

4 0

1 year ago

On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.

balandron [24]

Answer:

here is a 63.25% for winning the debate given the student distribution and the chance of success of each type of student.

Explanation:

As the student will be picked at random we can determiante the expected value by doing a weighted average:

$\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]$

4 0

1 year ago