Robert Smith's average daily balance for May on his revolving credit account was $267.56. The annual percentage rate is 15%. How much is the finance charge for May? (Round to the nearest cent)
$3.34
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Financial resources such as cash and cash equivalents are intangible resources.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. There are profitable businesses which end up in bankruptcy. 2. Profit and cash flow are the same in accounting. 3. At the beginning, you should be willing to give credit to any client as you are just starting out. 4. Invoicing the customer should be made only when the customer confirms the receipt of the product. 5. The cash flow cycle describes the various activities undertaken by a venture to produce cash inflow.
Which of the following issues would be inappropriate for you to mediate?
a. Another supervisor asks you to mediate a dispute between two employees that she manages. b. Two employees that you manage are having difficulty working together. You have evaluated one employee more favorably than the other based on superior work performance. Neither employee has received recent discipline. c. An employee that you manage is in conflict with an employee that another supervisor manages. The other supervisor is upset with her employee and defers to you to mediate the issue. b. Two employees are arguing over a trivial issue. You believe disciplining one of them may be appropriate because you believe he instigated the argument.
A machine costs $180,000 and will have an eight-year life, a $20,000 salvage value, and straight-line depreciation is used. Management estimates the machine will yield an after-tax net income of $12,500 each year. Compute the accounting rate of return for the investment.
A. 11.8%. B. 12.5%. C. 26.8%. D. 10.8%. E. 22.5%.