A company receives a 10%, 90-day note for $3300. The total interest due on the maturity date is: (Use 360 days a year.)
A. $192.50.
B. $82.50.
C. $110.00.
D. $330.00.
E. $165.00.
Answer: B
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Which of the following consumer products comes under the purview of the CPSC?
A) aircrafts B) motor vehicles C) firearms D) children's toys
Which of the following statements is true about the Ultramares Doctrine?
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Pascal Corporation manufactures numerous products, one of which is called Gamma-66. The company has provided the following data about this product: Unit sales (a) 100,000 Selling price per unit$51.00 Variable cost per unit 34.00 Contribution margin per unit (b)$17.00 Total contribution margin (a) × (b)$1,700,000 Traceable fixed expense 1,570,000 Net operating income$130,000 ?Assume that the total traceable fixed expense does not change. If Pascal decreases the price of Gamma-66 to $48.96, what percentage change in unit sales would provide the same net operating income as is currently being earned at a price of $51.00? (Your answer should be rounded to the nearest 0.1%.)
A. 4.9% B. 13.6% C. (10.0)% D. (7.6)%