which of the following is a product factor that sandwich shops consider when deciding on the price to charge for menu items:

To purchase a used automobile, you borrow $10,000 from Loan Shark Enterprises. They tell you the interest rate is 1% per month f

neonofarm [45]

Answer:

The actual APR (annual percentage rate) that you are paying is 12.69%.

Explanation:

The actual annual percentage rate (APR) can be calculated using the Annual Percentage Rate (APR) formula as

follows:

APR = (((Fees + Interest accrued) / Principal / n) * Number of months in a year) * 100 ……………… (1)

Where;

APR = ?

Fees = Credit investigation charged = $200

Principal = Amount borrowed = $10,000

Total accrued amount = Principal * (1 + (Monthly interest rate * Number of months of loan tenure)) = $10,000 * (1 + (1% * 35)) = $13,500

Interest accrued = Total accrued amount - Principal = $13,500 - $10,000 =$3,500

n = Number of months of loan term = 35

Number of months in a year = 12

Substituting the values into equation (1), we have:

APR = (((200 + 3500) / 10000 / 35) * 12) * 100

APR = 12.69%

Therefore, the actual APR (annual percentage rate) that you are paying is 12.69%.

3 0

1 year ago

The financial statements for Dividendosaurus, Inc., for the current year are as follows: Balance Sheet Statement of Income and R

MakcuM [25]

Answer:

Option D,50% is the correct answer.

Explanation:

Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.

This implies the portion of income earned in a year given to shareholders as dividends while the remains is kept in the business as source of further growth.

Dividend payout ratio=dividends/net income=$100/$200=50%

4 0

2 years ago

Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total

ryzh [129]

Answer:

Activity rate = $176 per hour

Explanation:

Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.

Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.

Activity rate per driver is calculated as:

Activity overhead for the period / Total cost drivers for the period Designing products activity cost pool= designing cost /product design hours

= $1372,448/7,798 hours

= $176 per hour

4 0

2 years ago

A market research study of soft drink consumption and distribution in Hungary commissioned by an American company indicated that

Nutka1998 [239]

Answer:

comparability of data

Explanation:

Comparability of information is one attribute used only to characterize the consistency of descriptive statistics. For two factors the principle of comparability of data is especially critical to a Triad.

Secondly, the Constellation demonstrates shared data sets. Through nature, the shared data sets include information from different analytical techniques. The degree of comparability among two separate sequencing / technical methods affects the way in which sets of data can be jointly compiled, analyzed and used to help strategic thinking.

7 0

2 years ago

On January 1, 2021, Jalen Company purchased land costing $800,000. Instead of paying cash at the time of purchase, Jalen plans t

Alenkinab [10]

Answer:Jalen journal $

Date

Jan 1 ,2021

Land Dr. 860,887

Note payable Cr. 860,887

Narration. Issuance of note of above amount payable in four installment for purchase of land.

June 30,2021

Note payable Dr 215,221.64

Cash Cr. 215,221.64

Narration. Payment of first installment on land purchase.

December 31,2021

Note payableDr 215,221.64

Cash.Cr. 215,221.64

Narration. Payment of second installment on land purchase.

2. Balance on note payable as at December 31, 2021 $400,000

Balance on Interest expenses $30,443.28

Explanation:

The land account is debited to recognized it's purchase and a credit is made to the notes payable account to recognise the credit.

The total installment is debited for payment made in the first and second period.

The balance on the note payable represents the two outstanding principal payment of the $800,000 and the interest expenses represents the excess over the principal sum.

6 0

2 years ago