What is the annual opportunity cost of a checking account that requires a $500 minimum balance to avoid service charges? Assume an interest rate of 3 percent.
Q: I want to correct answer general accounting question
A: To calculate the gross margin, follow this formula: Gross Margin = Sales Revenue - Cost of Goods…
Q: Arlington Corp.'s stock was purchased six months ago at a price of $38.20 per share. You bought 100…
A: The question requires the determination of the capital gains.A capital gain is an increase in the…
Q: I need answer
A: Concept of Beginning InventoryBeginning inventory refers to the total value of goods a company has…
Q: help me general account tutor
A: A. always credits.Favorable variances (such as favorable direct material quantity variances) are…
Q: Accurate answer
A: Approach to solving the question:Freeform Detailed explanation: The gross profit margin helps us…
Q: What is the opereting leverage?
A: 1. Calculate Total Variable Costs:Total Variable Costs = Sales * Variable Cost PercentageTotal…
Q: What is the contribution margin?
A: The Contribution Margin (CM) per unit is calculated using the formula: Contribution Margin per Unit…
Q: Kindly help me with accounting questions
A: This question asks us to figure out the estimated labor hours used at the start of the year in…
Q: Financial accounting
A: Step 1: Define Dividend PaymentsDividends are paid out of the earnings of the company and are not…
Q: Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs…
A: Step 1: The value basis for allocating joint costs is based on the market value of each product at…
Q: Alexander Co., with annual net sales of $6.4 million, maintains a markup of 30% based on cost.…
A: Explanation of Gross Profit:Gross profit is the difference between net sales and the cost of goods…
Q: If you give me wrong answer this general accounting question I will give you unhelpful rate
A: Step 1: Define Variable Cost per UnitThe variable cost per unit refers to the cost that changes…
Q: Solve this question
A: The debt-to-equity ratio is calculated as:Debt-to-Equity Ratio = Total Liabilities / Total EquityIn…
Q: Provide correct answer general accounting
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis is a method…
Q: What is the rate of return on investment for Division L on these financial accounting question?
A: Step 1: Define Return on Investment (ROI)Return on Investment (ROI) measures the efficiency of an…
Q: ??
A: Concept of Debt RatioThe Debt Ratio measures the proportion of a company's total assets that are…
Q: Below is information from the budget of the J
A: The question requires the determination of the predetermined overhead rate.A predetermined overhead…
Q: Remo corp's shares are currently selling for 42?
A: The question requires the determination of the percentage of capital gains or the capital gains…
Q: Accounting question
A: Step 1: Define Unit Product CostThe unit product cost is the total cost of production (direct…
Q: None
A: Step 1: Definition of EquityEquity represents the residual interest in the assets of a business…
Q: Accurate answer
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a standard rate used…
Q: What is the total cost of the job when it is completed in October?
A: Step 1: Compute the overhead applied to the job by using the following formula: Applied Overhead =…
Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: Approach to solving the question:Freeform Detailed explanation: Daisy Inc. wants to make a profit of…
Q: What is the estimated inventory balance at June 30?
A: Step 1: Calculation of cost of goods soldGross Profit = Sales × Gross margin ratioGross Profit =…
Q: Abc
A: The problem needs the determination of the discounted payback period. The discounted payback period…
Q: Please help me with this question general Accounting
A: To calculate XYZ Corporation's Net Income, we subtract all expenses from the Sales Revenue. Formula…
Q: Financial accounting question
A: To calculate the budgeted indirect cost allocation rate, we use the formula: Indirect Cost…
Q: ?? Financial accounting question
A: Step 1: Define Payment Terms (e.g., 3/15, n/45)Payment terms specify the conditions under which a…
Q: Please give me this question answer
A: Step 1: Identify the ComponentsRisk-Free Rate: 2.4%Beta: 0.98Market Risk Premium: 9% Step 2: State…
Q: Provide answer general Accounting question
A: Step 1: Define External FinancingA company's retained earnings are the internal financing sources…
Q: 5 PTS
A: Step 1: Calculate the Predetermined Overhead RateOverhead is applied based on direct labor…
Q: Need help with this question solution general accounting
A: Calculation of Annual Allowance1 year = 52 weeksAnnual Allowance = Car Allowance per week x 52 =…
Q: Need Answer
A: Explanation of Total Sales:Total sales represent the overall revenue generated from selling goods or…
Q: Ohms Company manufactures plugs at a cost of $41 per unit, which includes $5 of fixed overhead. Ohms…
A: Step 1: Costs if manufactured Total costs = Cost per unit x Number of unitsTotal costs = $41 per…
Q: Get correct answer this financial accounting question
A: Step 1: Define Future ValueThe future value (FV) of an investment is the amount of money that will…
Q: Accounting problem 5.1
A: Divide the total liabilities by the total equity to get the debt-to-equity ratio.Debt-to-equity…
Q: Need help this question general accounting
A: Step 1: Definition of Operating ActivitiesOperating activities are the primary revenue-generating…
Q: Provide answer
A: The Capital Asset Pricing Model (CAPM) is primarily used to c) Calculate the required rate of return…
Q: Provide answer
A: Explanation of Accounts Receivable:Accounts receivable represents the amount of money a company is…
Q: Find correct answer please general accounting
A: Step 1: Definition of Investing ActivitiesInvesting activities include cash inflows and outflows…
Q: Assume that Vista Tech Industries has the following available information about costs: please answer…
A: Step 1: Define Variable Cost per Unit (Using the High-Low Method)The high-low method is used to…
Q: Calculate the gross margin ratio
A: Step 1: Definition of Gross Margin RatioThe gross margin ratio measures the proportion of net sales…
Q: Sales for Strength Corp are $725,000, cost of goods sold are $543,000, and interest expenses are…
A: 2. Calculate Gross Profit Margin:Formula: Gross Profit Margin = (Gross Profit / Sales) * 100Gross…
Q: General accounting
A: Step 1: Definition of Balance SheetA balance sheet is a financial statement that provides a snapshot…
Q: ?!!
A: To calculate your capital gains, we need to find the difference between the selling price and the…
Q: Provide answer general accounting
A: Detailed explanation:Given: 62 total employees33 employees assigned to Division A29 employees…
Q: Please solve this problem
A: Calculation of Ending Inventory Value Under Variable CostingIn order to determine the value of the…
Q: What is the cost of goods sold?
A: Explanation of Current Ratio:The current ratio measures a company's ability to cover its short-term…
Q: What are the effective annual rates charged by the two banks on these financial accounting question?
A: Step 1: Define Effective Annual Interest RateThe effective annual interest rate (EAR) is an expected…
Q: Net opreting income of this change? General accounting
A: Compute the increase (decrease) in net income by subtracting net income from selling 7,100 units…
General Account
Step by step
Solved in 2 steps
- If a credit card you are interested in has an APR of 16%, what would the Daily Periodic Rate (DPR) be? (express your answer as a percent and as a decimal) O.0438% = .000438 O 000438% = .0438 O.16% = .0016 O 1.33% = 1.33The amount of simple interest on a deposit varies jointly with the principal and the time in days. If $17.85 is earned on a deposit of $3500 for 12 days, how much interest would be earned on a deposit of $3700 for 20 days? ... The deposit would earn S in interest. (Simplify your answer. Round to the nearest cent as needed.)A credit card bill shows a balance due of $1200 with a minimum payment of $24 and a monthly interest rate of 1.44%. What is the EAR?
- To calculate the withdrawal amount from an account in which you want to maintain a static balance, you use the __________________ formula. Group of answer choices Installment Payment Simple Interest Annuity Compound InterestWhat is the general accounting question answer? And please not need ai solutionYour bank account pays interest with an EAR of 4%. What is the APR quote for this account based on semiannual compounding? What is the APR with monthy son eTe compounding? (Note Be careful not to round any intermediate steps less than sir decimal places) tnmenti What is the APR quote for this account based on semiannual compoundng? The APR quote for the account with semiannual compounding in Round to thre decimal places) ilts Suppose the interest rate is 9.3% APR with monthly compounding What is the prosent value of an annulty that pays $00 every three months for four years? (Note: Be son ete careful not to round any intermedate steps less than six decimal places) pmenti The present value of the annuty is s (Round to the nearest cent) A payday loan is structured to obscure the true interest rate you are paying For example, in Washington, you pay a $32 "lee" for a two-week $205 payday loan (when on ele you repay the loan, you pay $237). What is the effective annual interest rate for…
- Consider a $5,000, 6%, 180-day interest-bearing note and a non-interest- bearing note for the same amount and time period with a bank discount of 6%. From the borrower’s point of view, which is the better loan and why?which of the following banks would you choose for a savings account based on the following rates offered? 1. 6% APR compounded annually 2. 5% APR compounded annually 3. 5% APR compounded semi-annually 4. 4% APR compounded weekly 5. 6% APR compounded quarterly.What does "2/10" mean, with respect to "credit terms of 2/10, n/30"? A. A discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date. B. Interest of 2 percent will be charged if the invoice is paid after 10 days from the date on the invoice. C. A discount of 10 percent will be allowed if the invoice is paid within two days of the invoice date. D. Interest of 10 percent will be charged if invoice is paid after two days.
