Is activity-based costing always beneficial to an organization? in what situations would itb beneficial? Alternatively, what situations would it beonly marginallybeneficial, in your opinie

Q: An interest-bearing promissory note for $5,500 is due in 180 days with simple interest at 4.75% p.a.…

A: Here, Face value = 5,500 Interest rate = 4.75% Discount rate = 6.75% Time to maturity = 180 days…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Here GivenAmount to be paid  = $5,000Annual interest rate  =  21%Monthly interest rate  = Annual…

Q: You invest $11,000 in an account that pays simple interest of 2% for 1 year. Calculate the amount of…

A: Simple interest is an easy method of calculating the interest amount. Simple interest is calculated…

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A: Let's dissect the issue and go over the computations one by one. 1. Determine the loan's original…

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A: Solution: When an equal payment is made each period at end of period, it is known as ordinary…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Notes:Effective Annual Interest RateE=(1+ni​)n−1Where:E = Effective Annual Interest Ratei = Annual…

Q: Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh Suppose you…

A: When the borrower borrows a loan from the lender, he has to a rate of interest on the borrowed…

Q: help please answer in text form with proper workings and explanation for each and every part and…

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Q: Compute the monthly payment on a car loan of $23,000 for 35 months, if the APR is 8.4%. Formula…

A: Loan = $23,000Period = 35 monthsAPR = 8.4%

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A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Question 15 A bank offers an APR of 3.25% compounded semiannually.Find the annual percentage yield…

A: An annual percentage yield is referred to as the real rate of return, which helps in obtaining the…

Q: In the Excel Payment Function file that follows, you are looking to see what your basic mortgage…

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Q: How much would you need to deposit in an account now in order to have $6000 in the account in 15…

A: Compound = monthly = 12 Future value = fv = $6000 Time = t = 15 * 12 = 180 months Interest rate = r…

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A: Payback period is a capital budgeting tool. In this case you will loan the money to that friend…

Q: Question 8 Christina bought a new car for $21,000. She paid a 10% down payment and financed the…

A: Cost of car=21000 Down payment=10%*21000=2100 Remaining amount=21000-2100=18900 Time period=60…

Q: You are looking at buying your first car. Based on your budget you can afford up to $400 per month…

A: Monthly Payment (PMT):PMT = PV * (I/Y) / (1 - (1 + I/Y)^(-N))where,PV is the present value of the…

Q: ind the interest on the following loan. $1400 at 5.5% for 3 months Only typed solution.

A:

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.