Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below: Machine-hours Labor Costs Highest observation of cost driver 1,000 $32,000 Lowest observation of cost driver 200 $16,000 What is the constant for the estimated cost equation
Answers
Answer:
Fixed costs= $12,000
Variable cost per unit= $20
Explanation:
Giving the following information:
Machine-hours Labor Costs:
Highest observation of cost driver 1,000 $32,000
Lowest observation of cost driver 200 $16,000
To calculate the fixed costs under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (32,000 - 16,000) / (1,000 - 200)
Variable cost per unit= $20
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 32,000 - (20*1,000)
Fixed costs= $12,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 16,000 - (20*200)
Fixed costs= $12,000
Related Questions
(100 POINTS!) Craig is designing his website and looking for some free photos to help add visual appeal to his site. He wants general images of people working on computers and using social media. What kind of photography genre will Craig look in to find these images?
A. propaganda photography
B. creative stock photography
C. fashion photography
D. fine art photography
Answers
Craig is likely looking for images from the genre of creative stock photography to find photos of people working on computers and using social media. Creative stock photography is a collection of commercially licensed photographs that can be used in various media projects, including websites, brochures, and advertisements. These photos are usually taken with a specific use in mind, like demonstrating a particular lifestyle or concept, and are meant to be appealing and visually appealing to a wide audience.
Suppose that Italy and Germany both produce rye and cheese. Italy's opportunity cost of producing a pound of cheese is 5 bushels of rye while Germany's opportunity cost of producing a pound of cheese is 10 bushels of rye.
By comparing the opportunity cost of producing cheese in the two countries, you can tell that ? ( Italy OR Germany? ) has a comparative advantage in the production of cheese and ? ( Italy OR Germany? ) has a comparative advantage in the production of rye.
Suppose that Italy and Germany consider trading cheese and rye with each other. Italy can gain from specialization and trade as long as it receives more than ? (1 bushel , 1/10 bushel,1/5 bushel,5 bushel,10 bushel ?) of rye for each pound of cheese it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than ? (1 pound , 1/10 pound ,1/5 pound ,5 pound ,10 pound ?) of cheese for each bushel of rye it exports to Italy.
Based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of rye) would allow both Germany and Italy to gain from trade? Check all that apply.
6 bushels of rye per pound of cheese
7 bushels of rye per pound of cheese
4 bushels of rye per pound of cheese
1 bushel of rye per pound of cheese
Answers
Answer:
Italy has a comparative advantage in the production of cheese.
Germany has a comparative advantage in the production of rye.
5 bushels of rye
1/10 pound of cheese
6 bushels of rye per pound of cheese
7 bushels of rye per pound of cheese
Explanation:
Italy: 1 pound of cheese = 5 bushels of rye
Germany: 1 pound of cheese = 10 bushels of rye
Therefore, the opportunity cost of producing one pound of cheese in Italy is lower than the cost of producing one pound of cheese in Germany, which means that Italy has a comparative advantage in the production of cheese. The opposite can be said about rye since it costs the Germans only half a pound of cheese to produce 5 bushels of rye, while it costs the Italians a whole pound. Therefore, Germany has a comparative advantage in the production of rye.
This means that Italy can gain from specialization if it gains more than 5 bushels of rye for each pound of cheese.
As for Germany, can gain from specialization if it gains more than 1/10 pound of cheese for each bushel of rye.
Therefore, from the alternatives presented, the following would represent a gain from trade for both countries:
6 bushels of rye per pound of cheese
7 bushels of rye per pound of cheese
JaCo uses the periodic method and records merchandise purchases at net. Its 20X4 ending inventory is $69,000. During 20X5, JaCo purchases merchandise for $878,000, with freight-in of $11,000. Purchase returns are $17,000, purchase discounts lost are $4,000, and the cost of merchandise on hand a tyear end is $91,000. At yearend, JaCo records the following entry:
Answers
JaCo uses the periodic method and records merchandise purchases at net. Its 20X4 ending inventory is $69,000. During 20X5, JaCo purchases merchandise for $878,000, with freight-in of $11,000.
Purchase returns are $17,000, purchase discounts lost are $4,000, and the cost of merchandise on hand a tyear end is $91,000. At yearend, JaCo records the following entry:
Account
Debit = Cost of Goods Sold = 854,000
Credit = Inventory = 854,000
To record the yr-stop entry for inventory under the periodic approach, JaCo desires to calculate the value of products offered (COGS) for 20X5. The formula for COGS underneath the periodic technique is:
COGS=Beginning stock + Purchases − Ending stock
Plugging in the given values, we get:
COGS=69,000(878,000+11,000−17,000+4,000)−91,000=69,000+876,000−91,000=854,000
Therefore, the 12 months-cease access for inventory is:
Account
Debit = Cost of Goods Sold = 854,000
Credit = Inventory = 854,000
This entry reduces the inventory account to the finishing balance of $91,000 and records the expense of COGS for the year.
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Which department would a marketing manager contact to make sure that enough product is on on hand for an upcoming promotion ?
Answers
Answer:
The Purchasing department.
Explanation:
How do you determine opportunity cost
Answers
Answer:
See below
Explanation:
Opportunity cost is described as the foregone benefit by preferring one option over others. Opportunity cost arises when a choice is being made from several possible alternatives. When the preferred option is selected, the benefits from the other alternatives are forfeited.
Opportunity cost is determined by evaluating the forfeited benefits. The benefits from the next best alternative are the opportunity costs. In other others words, the foregone advantages of the option ranked second is the opportunity cost.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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1. What is the name for traits that are used to describe your approach to life, work, and
relationships?
Answers
Explanation:
hope it was helpful to you
The Five-Factor model is a trait that is used to describe the approach to life, work, and relationships.
What is a Five-Factor model?A Five-Factor model is a personality model that is used for the personality model. This model is also used to describe the approach to life, work, and relationships.
It is a most well-known personality qualities that have been shown to be contained and subsumed by these five overarching domains, which are thought to constitute the core structure of all personality traits.
This system includes the five broad traits and that five traits can be recognized by acronym OCEAN, that means Openness, Conscientiousness, Extraversion, Agreeableness and Neuroticism.
Therefore, A Five-Factor model is a personality model to describe the approach to life, work, and relationships.
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he Lubricant is an expensive oil newsletter to which many oil giants subscribe, including Ken Brown (see Problem 3-17 for details). In the last issue, the letter described how the demand for oil products would be extremely high. Apparently, the American consumer will continue to use oil products even if the price of these products doubles. Indeed, one of the articles in the Lubricant states that the chance of a favorable market for oil products was 70%, while the chance of an unfavorable market was only 30%. Ken would like to use these probabilities in determining the best decision. What decision model should be used
Answers
Answer: Expected Monetary Value decision model
Explanation:
The Expected Monetary Value (EMV) model is a statistical method used to calculate future payoffs that accounts for the risk and probability of different events happening.
It essentially takes the average of the scenarios that could happen based on their probabilities and their expected payoff and then adds them together to give a value that the investor can base their expectations upon.
For instance, in the above question, assuming that Ken Brown in a favorable market, Ken Brown can sell $500,000 worth of oil products but in an unfavorable one, they can only sell $100,000.
Based on the probabilities of the market conditions, EMV would show a value of;
= (500,000 * 70%) + (100,000 * 30%)
= $380,000
PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answers
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
The Interior Design Educators Council works for the advancement of interior design education. True False
Answers
Answer:
true
Explanation:
16. What is the estimated costs to study at a university or university of technology for one year. Give two examples, life orientation
Answers
The estimated costs to study at a university or university of technology for one year are based on the particular university you will be attending and the course of study.
Typically, the estimated costs to study at a university or university of technology for one year include the following cost:
Tuition fee
Housing cost
Books and supplies cost
Other living expenses
For example, the tuition fee at Harvard University and Massachusetts University for the year 2019/2020 are $47,730 and $33,712 respectively.
There are also additional fees charged by the school. In Harvard for 2019/2020 it is $4,195 while that of Massachusetts is $1,172.
The average Housing cost at Harvard University is $17,682, this is also similar to Massachusetts Boston which costs $16,160.
Then, the book and supplies are charged at the rate of $1,000 at Harvard University while that of Massachusetts Boston University is also $1,000.
Finally, other living expenses are pegged around $3,193 and $1,950 for both Harvard and Massachusetts Boston University respectively.
Hence, the estimated cost for Harvard University is listed below:
Tuition fee - $47,730Additional fee - $4,195Housing cost - $17,682Books and supplies cost - $1,000Other living expenses - $3,193Estimated cost Total - $73,800On the other hand, the estimated cost for Massachusetts Boston University is listed below:
Tuition fee - $33,712Additional fee - $1,172Housing cost - $16,160Books and supplies cost - $1,000Other living expenses - $1,950Estimated cost Total - $53,994Learn more here https://brainly.com/question/8663912e
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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price an investor pays to purchase outstanding bond
Answers
The price an investor pays to purchase an outstanding bond is typically referred to as the "purchase price" or "transaction price." This price is determined by various factors, including the bond's face value, coupon rate, current market interest rates, and the remaining time to maturity.
When a bond is traded on the secondary market, its price may differ from its face value. If the bond's coupon rate is higher than the prevailing market interest rate, the bond may be sold at a premium, meaning the purchase price will be higher than the face value. Conversely, if the coupon rate is lower than the market interest rate, the bond may be sold at a discount, and the purchase price will be lower than the face value.
The purchase price of a bond is influenced by supply and demand dynamics, credit rating changes, economic conditions, and investor sentiment. It is important for investors to consider these factors when determining the price they are willing to pay for an outstanding bond in order to achieve their desired yield or return on investment.
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Visit two different companies in ghana with opposing pay-out policies ( where one pays low and the other pays high).Find out from their Management some real- world factors influencing their choice of pay-out policy
Answers
A company that is experiencing high growth and has many profitable investment opportunities may choose to retain earnings and reinvest them back into the business rather than paying out dividends.
Some shareholders prefer to receive dividends while others are more interested in capital appreciation. Companies may take into account their shareholder base and their preferences when deciding on a pay-out policy.
For example, companies in the utility sector may pay out a higher proportion of their earnings as dividends compared to companies in the technology sector.
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The following table shows a money demand schedule, which is the quantity of money demanded at various price levels (P). Fill in the Value of Money column in the following table. Price Level (P) Value of Money (1/P) Quantity of Money Demanded (Billions of dollars) 1.00 2.0 1.33 2.5 2.00 4.0 4.00 8.0
Answers
The Value of Money column in the given table represents the inverse relationship between the price level (P) and the value of money.
As the price level increases, the value of money decreases, and as the price level decreases, the value of money increases. This is reflected in the table as the value of money (1/P) decreases as the price level increases.For example, at a price level of 1.00, the value of money is 1/1.00 = 1.00. As the price level increases to 2.50, the value of money decreases to 1/2.50 = 0.40. This means that at a price level of 2.50, each dollar is worth only 40 cents in terms of purchasing power compared to a price level of 1.00.The quantity of money demanded (in billions of dollars) also varies with the price level, with higher price levels leading to higher demand for money.
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I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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the entire cash outflow resulting from a payment on an installment loan is shown as a financing activity on the statement of cash flows. this statement is
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The statement that the entire cash outflow resulting from a payment on an installment loan is shown as a financing activity on the statement of cash flows is false.
What is the statement of cash flows?The cash flow statement can be seen as one that help to provide a detailed picture of what happened to a business's cash during a an accounting period.
It should be noed that this help to demonstrates an organization's ability to operate in the short as well as long term, however the portion of cash payment that help to reduces the burden of principal can be regarded as the financing activity.
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Complete questions;
the entire cash outflow resulting from a payment on an installment loan is shown as a financing activity on the statement of cash flows. this statement is True or False
On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Answers
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
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The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
Why is ethics important in business give an example of how an unethical practice can affect a business
Answers
Answer:
being ethical ensures a trustworthy reputation in business, and will make sure your less likely to be sued for malpractice or involved in a major scandal. for an example, probably just make a unethical financial situation or involving social or environmental ethics
Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of merchandise for the store. Amy says she did not authorize the order and that she could have purchased the same merchandise for $7,000. Amy refuses to pay for the order. The vendor sues the partners. a. Must the partnership pay for the merchandise? If yes, how much? b. Assuming the partnership is a general partnership, can Amy's personal assets be taken to pay for the merchandise?
Answers
Answer:
Amy and Lester are both weird so that's your answer.
Explanation:
none needed
What is true of people who are motivated by the need for achievement?
Answers
What is true of people who are motivated is: They want fair and balanced feedback, both negative and positive
What is Motivation?Motivation can be defined as the process of driven someone to achieve their goals and objectives.
When people are motivated they tend to perform better on their job. Some people who need motivation in order to achieve a goal will tend to desire a both negative and positive fair and balanced feedback as this will help to know their lapses and how when they are doing.
Therefore they want fair and balanced feedback, both negative and positive
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Where would revenue be maximized for a company facing a linear demand curve
Answers
Answer:
at equilibrium point
Explanation:
equilibrium when price is reasonable to both sellers and buyers. They are willing to buy and sell at optimal quantity, so that firm can maximize revenue
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy's costs for the most recent month. Depreciation on factory equipment Depreciation on CEO's company car Speakers used in the keyboard Production supervisor's salary Glue and screws used in the keyboards Wages of persons who install the speakers Cost to run an ad on local radio stations Utilities for the factory Personnel manager's salary Wages of person who attaches legs to keyboards $800 100 1,100 2,800 370 3,000 600 1,200 2,500 1,950
1. Calculate the total product cost for Noteworthy.
2. Calculate the prime cost for Noteworthy.
3. Calculate the manufacturing overhead for Noteworthy.
4. Calculate the direct labor for Noteworthy.
5. Calculate the conversion cost for Noteworthy.
6. Calculate the total variable cost (with number of units produced as the activity) for Noteworthy.
7. Calculate the total fixed cost (with number of units produced as the activity) for Noteworthy.
Answers
Answer:
Noteworthy, Inc.
1. The total product cost for Noteworthy = $11,220
2. The prime cost for Noteworthy = $6,050
3. The manufacturing overhead for Noteworthy = $5,170
4. The direct labor for Noteworthy = $4,950
5. The conversion cost for Noteworthy = $10,120 ($4,950 + $5,170)
6. The total variable cost (with number of units produced as the activity) for Noteworthy = $8,220
7. The total fixed cost (with number of units produced as the activity) for Noteworthy = $6,200
Explanation:
a) Data and Calculations:
Manufacturing Costs:
Direct
Speakers used in the keyboard $1,100
Wages of persons who install the speakers 3,000 )
Wages of person who attaches legs to keyboards 1,950 ) $4,950
Total direct or prime costs = $6,050
Indirect
Depreciation on factory equipment $800
Utilities for the factory 1,200
Production supervisor's salary 2,800
Glue and screws used in the keyboards 370
Total indirect or manufacturing overhead $5,170 $5,170
Total product cost for Noteworthy = $11,220
Administrative and Selling Costs:
Depreciation on CEO's company car $100
Personnel manager's salary 2,500
Cost to run an ad on local radio stations 600
Total administrative and selling costs = $3,200
Variable Costs:
Prime costs of materials and labor $6,050
Utilities for the factory 1,200
Glue and screws used in the keyboards 370
Cost to run an ad on local radio stations 600
Total variable costs = $8,220
Fixed Costs:
Depreciation on factory equipment $800
Production supervisor's salary 2,800
Depreciation on CEO's company car 100
Personnel manager's salary 2,500
Total fixed costs $6,200
Describe how you learn and adjust when an experience does not turn out as expected. Describe a situation, your actions, and the outcome.
Answers
If you’ve been scouring the internet to find common interview questions so you can rehearse your answers, you’ve likely stumbled upon this behavioral interview question:
“Describe a difficult task you were faced with and how you addressed it.”
02. Which of the following is not a general management function during staffing? (a) Employee training and development (b) Employee performance appraisal (c) Development of employee according to expertise (d) Follow-up by the manager who delegated the responsibility
Answers
Development of employee according to competence is not a generic management function during staffing.
What are the four objectives of performance reviews?y identifying employees' skills and weaknesses, put the right people in the right jobs. to maintain and assess a person's capacity for growth. to provide employees with feedback on their work and pertinent status.
What do supervisors often concentrate on the given statement?Managing a team is one of a supervisor's most crucial responsibilities. Supervisors frequently organise and lead the team's efforts to finish a task. Supervisors are responsible for setting goals, communicating them, and assessing team performance in which we describe everything.
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A POS merchant system is __
Answers
Answer:
POS means point of sale
Explanation:
The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.
While going into a forest and clear-cutting all of the trees may not be environmentally friendly, it is very efficient and less than sustainable practices.
1.) damaging
2) dangerous
3.) effective
4.) expensive
Answers
clear-cutting all of the trees damaging and dangerous practice, hence the correct options are 1 and 2.
What is deforestation?Deforestation, also known as forest clearance, is the removal of a forest or tree stand from land before it is put to another use other than that of a forest.
Conversion of forest land to farms, ranches, or urban use is a form of deforestation. Tropical rainforests are where deforestation is most prevalent.
Forests have been cleared throughout history and into the modern era to make room for agriculture and animal grazing as well as to obtain wood for fuel, manufacturing, and construction.
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Marie is expected to receive $25,000 at the end of 7 years. If the interest rate is 10% per year, how much is it worth at the end of 10 years?
Answers
Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?
Answers
Explanation:
My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.
__
My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.
__
One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%.
Gigi’s Credit Card Payments
Month
Balance
Payment
Interest Rate
Interest Charged
1
$650
$300
0.01167
$4.08
2
$354.08
$50
0.01167
3
$307.63
$50
0.01167
4
$260.64
$50
0.01167
5
$213.10
$50
0.01167
6
$165
$50
0.01167
What is the amount of interest charged for the first 6 months? (16.34)
Answers
The correct answer is the first option, or 16.34
Just got it right on the edge 2020 exam review, hope this helps!! :)