A bread company borrows money to buy a high-capacity oven. The loan amount is $10,000 and the annual interest rate is 10%. Which of the following calculates the interest cost to the company for one month?
a. ($10,000 ÷ 12) ÷ 0.10
b. ($10,000 x 0.10) ÷ 12
c. $10,000 ÷ (0.10 ÷ 12)
d. $10,000 ÷ (12 x 0.10)
b. ($10,000 x 0.10) ÷ 12
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To calculate GDP it is necessary to add up the market value of all the ________ produced within a country during a year
A) intermediate goods and services produced and all the final goods and services produced B) intermediate goods and services produced C) goods but not services produced D) final goods and services produced E) goods and services produced
The United States has a dual banking system consisting of state banks and national banks
a. True b. False Indicate whether the statement is true or false
To circumvent the problem of double marginalization:
A. transfer prices must be set that maximize the overall value of the firm rather than the profits of the upstream division. B. firms should vertically integrate. C. firms should engage in two-part pricing, unless it is possible to engage in either first-or second-degree price discrimination. D. None of the answers are correct.
In the long run in a monopolistically competitive market, a firm will, in theory,
A. suffer losses. B. earn zero accounting profits. C. earn economic profits. D. break even.