Coronado Industries is planning to sell 750000 units for $1.50 per unit. The contribution margin ratio is 20%. If Coronado will break even at this level of sales, what are the fixed costs

Answers

Answer 1

Answer:

$225,000

Explanation:

the break even formula = total fixed costs / contribution margin

break even in units = 750,000 unitscontribution margin = 20% x $1.50 = $0.30

750,000 units = total fixed costs / $0.30

750,000 units x $0.30 = total fixed costs

total fixed costs = $225,000


Related Questions

What are the most common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes?

Answers

Answer:

The correct answer is:

Corporations, limited liability companies (LLCs), general and limited partnerships, and sole proprietorships.  

These entities differ in terms of the formalities that must be observed to create them, the legal rights and responsibilities conferred on them and their owners, and the tax rules that determine how they and their owners will be taxed.

Explanation:

There are several important reasons, when opening a business in the US, to run the business under a limited liability company, corporation or other form of legal entity that has a separate legal existence to the business owner. The main reason for operating the business under a limited liability company or corporation is that it protects the personal assets of the business owner from the liabilities arising from the operation of the business.

One of the first decisions you will have to make as a business owner is the way the company should be structured. There is no single legal structure that is considered the best for all small businesses. The decision to start as a sole proprietor or the choice of one of the most complex organizational structures, such as a partnership, corporation or Limited Liability Company (LLC) depends on several

factors, including those listed below.

When choosing a type of entity, you should consider the following:

Your vision about the size and nature of your company Number of co-owners of the company Relationship between owners and management Degree in which you will look for external investors Level of "structure" and formality for which you are prepared as a manager Expenses, in time and money, for the creation and maintenance of the entity commercial Vulnerability of the company to face demands and other obligations Tax implications of the different ownership structures Expected profits (or losses) of the company Whether or not you will have to reinvest profits in the business The need to access cash from the company for its use personal

Coronado Industries began the year 2022 with retained earnings of $661000. During the year, the company sold additional shares of stock for $1011000, recorded revenues of $621000, expenses of $377000, and paid dividends of $137000. What was Coronado's retained earnings balance at the end of 2022

Answers

Answer:

The Coronado`s Retaining Earnings Balance is at end of 2022 is $ 808 000

Explanation:

Retained Earnings at the end of the year is calculated by adding together The Retained Earning at the Beginning of the Period, the Distributive Profit for the year ( Profit for the year after Interest and tax), then subtracting the dividends paid during the year.

From the question Retained Earnings at the Beginning of the year was provided at $661000.

The Distributive Profit needed a calculation. Revenue minus Expenses gives us profit.Expenses here include ALL trading, operating interest and tax expenses. This give is a Distributive Profit of $ 284000 ( $621000-337000). The $1011000 is disregard in calculation of profit and only Revenues that match with expenses are regarded (Accrual Principle).

The dividend paid was provided for at $ 137000.

This the Retained Earnings figure at end of 2020 is $808000( 661000+284000-137000)

The marketing director for GForce Games, a video game company, has informed his employees that he feels the company needs to improve its relationship with the distributors of the company's products because the distributors are part of the ______ environment for GForce Games

Answers

Answer:

Task environment

Explanation:

Task environment helps in achieving the goal of the organization with the help of distributors, customers, employees, competitors, etc.

Therefore as per the given question a video company which is GForce Games informed to their employees that he needs to improve the relationship with the distributors with the help of task environment like Mc Donald has a competitor (subway, burger king, etc.), Customers (Individual and Institutional),   Suppliers (coca-cola, Packaging manufactures, etc.)

To avoid double-counting when calculating GDP, it is best to: Group of answer choices count used goods. count the value added at each stage of production. count all goods and services purchased by consumers, firms, and the government. count stocks and bonds. count the value of goods and services produced at every stage of production.

Answers

Answer:

count all goods and services purchased by consumers, firms, and the government.

Explanation:

GDP is a measure of the total products and services produced in an economy per period. Economists calculate GDP to understand the directions of the economy. An increase in GDP indicates growth. In calculating the GDP value, economists consider finished consumer products only.

Double-counting means calculating the value of output multiple times. To avoid double-counting, economists do not consider work-in-progress and goods used to produce more products and services.  Work is progress is goods still in the production process. If counted, there is a possibility of them being counted again as finished products. Capital goods or goods used to produce other goods are counted once as the finished product.  

Cruz Gray Inc. positions its beauty and skin care products as the only products in the market that are 100 percent natural and are not tested on animals. This gives the company a significant advantage over its competitors. In the given scenario, which of the following strategies does Cruz Gray Inc. use?

A. Product differentiation
B. Maket differentiation
C. Market segment

Answers

Answer:

A. Product Differentiation

Explanation:

Cruz Gray Inc. positions its beauty and skin care products as the only products in the market that are 100 percent natural and are not tested on animals. This gives the company a significant advantage over its competitors. In the given scenario, Cruz Gray Inc. has successfully used product differentiation strategy. With the help of product differentiation Cruz Gray Inc. has gained a very unique sustainable competitive position in the beauty and skin care market. They have positioned their products in the mind of their consumers as 100% natural and organic products which are not tested on the animals. This has made started seeing their customers this company as Eco-friendly brand which take care both its customers and environment as well.

Suppose an economist found that total revenues increase for the bus system when fares were raised, the conclusion is that the price elasticity demand for subway services over the range of fare increase is inelastic.True/False

Answers

Answer:

True

Explanation:

Price in-elasticity happens when individuals can not possibly shift or change their behaviors or process of Consummation.

In the case of the bus system, people do not have a Better choice from the bus system although the bus system increase bus fares.

If people do not have a better choice or option for there consumption, we say that price elasticity demand for a particular commodity is inelastic .

Answer:

True

Explanation:

Price Elasticity of Demand is responsive change in demand, due to change in price. P(Ed) = % change in demand / % change in price.

Demand can be classified on the basis of : Elasticity & its relationship with Total Revenue [ TR = P X Q] ; as undermentioned :-

Elastic Demand : P(Ed) > 1, %change in demand > %change in price,  Price & Total Revenue are inversely related [ P ↑ TR ↓ ,     P ↓TR ↑ ]  Inelastic Demand : P(Ed) < 1, % change in demand < %change in price , Price & Total Revenue are positively related [ P ↑ TR ↑ , P ↓ TR ↓]

As Given : Increase in bus fares (price) lead to increase in total revenue. This implies Price & Total Revenue are directly related. So, Demand for subway bus services is Inelastic.

Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.

Answers

Answer:

C. $350

Explanation:

When a consumer is willing to pay more compared to the product's original price, it is called consumer surplus. In this case, Mr. Noriega paid $700 for each shirt. Because of changing tastes, he would be able to give more prices for each of the shirts. Therefore, it created a consumer surplus. Total consumer surplus for buying three shirts -

1. $950 - $700 = $250 From 1st shirt.

2. $800 - $700 = $100 From 2nd shirt.

3. $700 - $700 = $0 From 3rd shirt.

Therefore, total consumer surplus = $250 + $100 = $350

Hence, option C is the answer.

You are using ROI to evaluate a project that requires investments of $500 in each of the first 3 years, and yields annual income of $100, $50, and $25 in each of the first 3 years. What would happen to ROI if the annual incomes double?

Answers

Answer:

ROI doubles

Explanation:

The formula to compute the return on investment is shown below:

Return on investment = (Annual income) ÷ (Initial investment)

If we take the first case,

Annual income = $100

And, the investment = $500

So, the ROI = $100 ÷ $500 = 0.2

If the annual income doubles i.e $200

So, the ROI = $200  ÷ $500 = 0.4

So in the given case, the ROI also doubles

Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the problems faced by the users while using the current operating system. Before implementing the change, the marketing team of the company started creating advertisements that informed the users about the benefits of the new system in an attempt to make them believe that the change is for the better. In the given scenario, Sun Technologies is in the _____ phase of organizational change.

Answers

Answer:

Unfreezing

Explanation:

There are three phases of organizational change. Sun Technologies can be said to be at its unfreezing stage.

The organization must properly communicate with its employees and consumers at each level of changes they are.

At the unfreezing stage, the goal is to change the mindset and belief of the consumers about a particular process being deployed. Since the adoption of the new technology is being advertised as one that will make things better, we can see elements of unfreezing here. Other stages are the actual change phase and freezing stage

Sun Technologies is in the communication and preparation phase of organizational change, preparing for the executing change phase in Lewin's three-step change model.

In the scenario presented, Sun Technologies is in the communication and preparation phase of organizational change, specifically before the second stage of Lewin's three-step change model which is executing change.

The marketing team's efforts to advertise the benefits of the new operating system serve the purpose of preparing users for the transition, aiming to ensure a smoother acceptance of the change.

This step is crucial as it establishes a foundation for the implementation phase and can lead to a series of small wins that build the momentum needed for the change to gain traction and be successful within the organization.

Which of the following refers to products that organizational customers purchase to use in their finished​ products? A. Accessories B. Component parts C. Equipment D. Specialized services E. Raw materials

Answers

Answer:

The correct answer is E. Raw materials.

Explanation:

A raw material is all good that is transformed during a production process until it becomes a consumer good.

There are some material goods that cannot be used directly by consumers since they need to be transformed (oil for example). Raw materials are the first link in a manufacturing chain, and at different stages of the process they will be transformed into a product suitable for consumption. In the world of investment it is also known as commodity.

The main characteristic of the raw materials is precisely the lack of treatment to which they have been subjected by human activity, that is, their proximity to the natural state in which they were before being exploited.

If there is an unanticipated increase in aggregate demand, then it means that

Answers

If there is an unanticipated increase in aggregate demand, then according to new classical economics, the economy will self-correct with an  Decrease in short-run aggregate supply, so output returns to its initial level, but the price level rise

Explanation:

lets consider that an economy was initially in long-run equilibrium, now if their is an  unanticipated increase in aggregate demand it will result in an   temporary high level of output and employment which  cannot be maintained. But when an economy is in a recession stage ,less demand for investment funds will cause the real interest rate to decline.

So we can say that ,If there is an unanticipated increase in aggregate demand, then according to new classical economics, the economy will self-correct with an  Decrease in short-run aggregate supply, so output returns to its initial level, but the price level rise

Ford and Xeroc are two companies that have begun moving away from strict job specialization to alleviate employee motivation problems. Each company has adopted a job design alternative that involves workers in a wider variety of tasks. The method they have wmployed is known as job:________.
(A) enlargement
(B) substitution
(C) generalization
(D) enrichment
(E) rotation

Answers

Answer: E) Rotation

Explanation:.

Job Rotation technique is a technique where workers are shifted between two or more positions or functions at regular intervals. It is a technique used to test the employee skills and competencies in order to place employees at the right position and it also help to reduce the monotony of the job and gives employees a wider experience and motivate employee when they perform different job functions at intervals.

Job rotation technique helps to reduce the boredom of doing same type of job everyday.

When Val sees the RFP issued by one of his customers, he is concerned that they have changed their specifications since they placed a previous order with him. His company's products do not meet the new specifications. In this situation, being the current vendor
A. will necessitate renegotiating price and delivery terms.
B. .allows for a straight rebuy.
C. offsets a consensus buying center culture.
D. will probably not be an advantage in getting the new order.
E. will allow Val to get the order even though his products do not meet the specifications

Answers

Answer:

D) will probably not be an advantage in getting the new order.

Explanation:

A request for proposal (RFP) is issued when a company is requesting information from possible vendors that might be able to provide them with the products that they need.

If Val has recently provided a similar product to the one included in the RFP, that means that either Vl's product did not meet their expectations or they need a similar product but with different characteristics. Whichever the case, Val is at a bad position for the new purchase process.

Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay extraction until a future time. Projections indicate that the price of natural gas is expected to rise in the future. What would you do in the present?

Answers

Answer: Extract as much gas as possible now.

Explanation:

As the owner of a natural gas exploring company with the ability to drill and export gas, if I receive information of a coming price increase in the market for gas, I would rapidly increase gas exploration to increase amount of gas that I can legally send to the market.

Answer:

Delay extraction to a future time

Explanation:

The only principal reason why we venture into business is to make profits. While we are doing this, we are equally looking at options and scenarios that could grant us access to the maximum possible profit.

In clearer terms, we seem to take out the maximum profit we can from the business. Now, as we can see, there are two cases presented and we need to judge to know what to do.

Speculations have arrived that there might be an increase in the price of natural gas in the future. Hence, what is meant to happen is that we bottle up our production to a later time at which we are presented with the option to maximize our profits.

Ellie's Deli offers good sandwiches and fast service to its lunchtime customers from a nearby university. It also delivers the same sandwiches packaged with side dishes as part of its catering services. This is an example of ______ segmentation.

Answers

Answer:

occasion

Explanation:

Occasion segmentation refers to dividing your potential market into target groups based on different occasions that they might purchase your products. This segmentation technique is used when target groups are defined based on specific times that they can access or purchase your products.

In this case, the same products are offered to different target groups depending on when they will be available. Ellie sells fast food to university students during lunchtime (form Monday to Friday) and offers those same products but with a different packaging to its catering clients for special events.

Answer: It is occasion.

scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increases prices by 48 %, total revenue decreases by 63 %. When Cinema Supreme decreases ticket prices by 12 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 43 %, total revenue increases by 31 %.

Answers

Answer:

Elastic demand

Unit elastic demand

Inelastic demand

Explanation:

Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price.

Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.

If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.

The elasticity of demand is usually greater than 1 when demand is elastic.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.

If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Coefficient of elasticity is usually less than one.

If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.

I hope my answer helps you

1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: a. Property market. b. User market. c. Housing market. d. Capital market.

Answers

A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a "User market".

Option: B

Explanation:

A market analyst is more generalized than research involving consumers. Market analysts are studying customer behavior, and recognizing their needs. They disclose demographic, fiscal, and statistical data about a particular sector. The data was used by both industry analysts and consumer analysts to make informed decisions.

Here the tenant is bargaining or trying to get compensated the amount of rent to be paid monthly, by discussing the topic with property owner is understood as user market, because according to user need or demand the landlord may get agree to understand the user concern.

When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took advantage of a _____ opportunity. Group of answer choices diversification market expansion market divestment retail format development market penetration

Answers

Answer:

In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.

Explanation:

In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.

Companies HD and LD are both profitable, and they have the same total assets (TA), Sales (S), return on assets (ROA), and profit margin (PM). However, Company HD has the higher debt ratio. Which of the following statements is CORRECT?
a. Company HD has a higher fixed assets turnover than Company LD.

b. Company HD has a lower equity multiplier than Company LD.

c. Company HD has a lower total assets turnover than Company LD.

d. Company HD has a higher ROE than Company LD.

e. Company HD has a lower operating income (EBIT) than Company LD.

Answers

Answer:

The correct option is D

Explanation:

Debt ratio is defined as the ratio of total debt to total asset. which means a company has more liabilities than assets.

So company HD will have a higher ROE because of them having a higher debt ratio.

Answer:

D) Company HD has a higher ROE than Company LD.

Explanation:

This is easier to explain using an example:

                                           HD                               LD

total sales                          $100                            $100

profit margin                       10%                               10%

total assets                         $50                              $50

total liabilities                     $30                              $25

total equity                         $20                              $25

debt ratio                            0.6                               0.5

return on equity            = 10/20 = 50%            = 10/25 = 40%

Since company HD has a higher debt ratio, it means that stockholders' equity is lower compared to company LD. Since ROE measures how much profit is generated by each dollar invested, a lower denominator results in a higher ratio.  

Once a water company lays the main water pipes through a neighborhood, the marginal cost of providing water service to another home is fairly low. Where will the demand curve for water intersect the long-run average cost (LRAC) curve for this company?

Answers

Answer:

The demand curve will intersect the long-run average cost (LRAC) at its downward sloping point.

Explanation:

Usually utility companies are monopolies because the cost of setting up the service is very high, but once the initial investment is finished, the average cost of providing the service is extremely low. This applies to all utilities: electricity, water, natural gas, etc. The marginal cost of adding new customers is also extremely low.

Most utilities are public companies because consumers demand the service but are not willing to pay a high price for it.

Jenny purchases goods for $650 on account. She is later issued a credit memorandum to receive credit for the return of $150 of goods. The balance due is _____.

Answers

Answer:

$500

Explanation:

MVJ Corp., a market research firm, borrows $2 million from trimitium bank. while negotiating with the bank, the firm signs a promissory note, which specifies that the firm must pay the borrowed amount in 90 days with interest. however, the bank also requires the firm's inventories and receivables to be pledged as collateral to back the loan. which of the following financing options is being offered by trimitium bank in the given scenario?1. spontaneous financing2. short-term bank loans3. bank debit4. factoring

Answers

Answer:

Option "2" is the correct answer to the following statement.

Explanation:

A short-term loan is a form of loan received to endorse short term business and personal wealth for a very short period. It is a tempting and temporary option, for most of the short term businesses which are not easily eligible for a loan from a financial institution.

This type of loan mostly paid back in a very short period usually in 12 months.

In this case, MVJ gets a loan for 90 days or 3 months so it is considered a short term loan.

Final answer:

MVJ Corp. is obtaining a short-term bank loan from Trimitium Bank, which requires repayment in 90 days and is backed by the firm's assets as collateral.

Explanation:

In the given scenario, MVJ Corp., a market research firm, is using short-term bank loans as a financing option by borrowing $2 million from Trimitium Bank with the agreement to repay the borrowed amount, along with interest, in 90 days. This type of loan is evidenced by a promissory note and often involves collateral, which, in this case, consists of the firm's inventories and receivables. This arrangement exemplifies a typical form of commercial bank lending, where banks provide short-term loans backed by the borrower's assets.

When the price of gasoline​ rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called ________.

Answers

CPI does not fully account for such changes in consumer behavior is called

substitution bias

Explanation:

When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution biasSubstitution bias describes a possible bias in economic index numbers If the consumer behavior  do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.Substitution bias is a genuine problem with a price index. Consumers can substitute goods in response to price changes.

In which step of the target marketing process do marketers develop a marketing mix that will lead to competitive advantage for​ consumers?

Answers

Answer:

Positioning

Explanation:

A target market is a subset of the total market that a business identify as being potential customers and targets with an aim to provide goods and services. They usually exhibit similar characteristics such as age, sex, location and so on.

Positioning is the final stage when the STP approach is being used. The three stages of targeting are segmentation, targeting and positioning. Insights gained from segmentation and targeting is used to formulate a plan on how best to deliver the product to the consumer in such a way that they find it appealing. Marketing mix unique to customer need is developed to give competitive advantage to the business.

During its first year of operations, the owner of Lupo Company invested $15,000 in the business and withdrew $2,000. The company earned $35,000 of revenues and incurred $23,000 of expenses. At the end of the year, the company's equity totaled:

Answers

Answer:

$25,000

Explanation:

Lupo Company's equity = owner's equity + retained earnings

owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000

Lupo Company's equity = $13,000 + $12,000 = $25,000

Gomer loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:__________.A. laid off.B. underemployed.C. out of the labor force.D. unemployed.

Answers

Answer: Unemployed.

Explanation:

Gomer is unemployed because he is willing and qualified to work but cannot secure a job. An individual is said to be unemployed if they are unable to secure a job after several attempts to get a job. While a person is said to be under-employed if the person is paid less than what he/she is worth based on qualification.

Answer:

Underemployed

Explanation:

An organization's _____ can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.

Answers

Answer:

Management

Explanation:

An organization's management can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.

Management is the one that sets tone at the top.

The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

Answers

Answer:

brand

Explanation:

The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."

According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships  with the brand so that they can trust rely and depend on for future purchase.

According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.

On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year 4 were 10% of expected total sales of the software. At December 31, year 4, the software had a net realizable value of $480,000. In its December 31, year 4 balance sheet, what amount should Byte report as net capitalized cost of computer software?
a. $432,000
b. $450,000
c. $480,000
d. $540,000

Answers

Answer:

net capitalized cost is = $450000

so correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we find out net capitalized cost of computer software that is  

net capitalized cost of computer software is =  Year 1 balance - Year 2 amortization ........................1

here we get first Year 2 amortization that is

Year 2 amortization is = capitalized software costs ÷ total projected sale ..............2

put here value

Year 2 amortization = [tex]\frac{600000}{4}[/tex]  

Year 2 amortization is = $150,000

so here we get net capitalized cost

net capitalized cost is = $600,000 - $150,000

net capitalized cost is = $450000

so correct option is b. $450,000

Abed carries an average monthly balance of $800 in his checking account. If his bank charges $9.00 per month as a minimum service fee, how much in annual interest must Abed earn to cover the monthly fee?

Answers

Answer:

Abed must earn 13.5% or $108 annual interest to cover the monthly fee.

Explanation:

Abed should earn minimum $9 of interest on deposit each month to cover the  bank charges expense.

Average Monthly Balance = $800

Bank Charges = $9.00 per month

Monthly interest rate = (Monthly bank charges / Monthly average balance ) x 100

Monthly interest rate = ( $9.00 / $800 ) x 100 = 0.01125 x 100 = 1.125%

Annual Interest rate = 0.01125 x 12 = 0.135 = 13.5%

Annual Interest = $800 x 13.5% = $108

Other Questions
A 12.0-g bullet is fired horizontally into a 109-g wooden block that is initially at rest on a frictionless horizontal surface and connected to a spring having spring constant 152 N/m. The bullet becomes embedded in the block. If the bullet-block system compresses the spring by a maximum of 78.0 cm, what was the speed of the bullet at impact with the block? An online apparel website aims to rank on top in the search engine results. Which technique will help the business list itself among top searcheswhen a user enters Keywords? A. using exclusive key words such as "leather jacket" in an imageB. using exclusive keywords such as "white winter jacket"C. using generic keywords such as "clothesD. providing links to phishing websites Please help with these 3 questions:1. Which of the following is NOT part of North America?A. United StatesB. Central AmericaC. Latin AmericaD. Mexico2. An isthmus is a(n)A. very tall mountain.B. unique land formation.C. body of water.D. flat grassland region.3. The mighty Amazon River of South America carries _____ of the world's freshwater.A. 2%B. 5%C. 20%D. 60%Thanks! 1-Who can become President and what are the requirements? Blanca has 3/4 pound of tuna salad. She uses 1/3 of the tuna salad to make sandwiches. How much of the tuna salad did Blanca use? The second side of a triangular deck is 3 feet longer than the shortest side, and the third side is 3 feet shorter than twice the length of the shortest side. If the perimeter of the deck is 80 feet, what are the lengths of the three sides? Given the scenario, before leaving the office, you ask the CIO to provide which formal document authorizing you to perform certain activities on the network?1. Syslogs2. Network flows3. Certificate authority4. Authorization memo Determine whether the point is on the graph of the equation 2x+3y=8.(1,2) When it is cloudy, many of the suns rays never reach the Earth. What does this do to the temperature Which changes would cause the fusion rate in the suns core to increase? WILL MARK 1ST RIGHT ANSWER AS BRAINIESTBob placed three regular pentagons together at a vertex, thinking he might be able to form a tessellation. However, they left a gap. What is the number of degrees in the measure indicated? Susan invests 3 times as much money at 10% as she does at 6%. If her total interest after 1 year is $1800, how much does she have invested at each rate? At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the month, the firm completed and transferred out 208,900 units, and at the end of the month, it had 59,400 units in ending work in process that were 70% complete. In comparison, Maple Inc. began the month with 61,200 units of beginning work in process that were 60% complete. Over the course of the month, the firm completed and transferred out 210,500 units, and at the end of the month, it had 52,400 units in ending work in process that were 90% complete. Both firms add 40% of materials at the beginning of the process and the remaining 60% when the units are 70% complete. Both firms also add 25% of conversion costs at the beginning of the process and the remaining 75% when the units are 90% complete. According to these figures, Oak has ________ equivalent units of production for materials and ________ equivalent units of production for conversion costs than Maple.a. more ; fewerb. fewer; fewerc. fewer; mored. more; more Who was the first president 7x+5(-6)=-9 solve for x Prove the superposition principle for nonhomogeneous equations. Suppose that y1 is a solution to Ly1 = f(x) and y2 is a solution to Ly2 = g(x) (same linear operator L). Show that y = y1 + y2 solves Ly = f(x) + g(x). Differential Equation. Which of the following processes produces the most ATP per molecule of glucose oxidized? Group of answer choices aerobic respiration lactic acid fermentation alcoholic fermentation All produce approximately the same amount of ATP per molecule of glucose. QUESTIONS1. What are the two main threats to African elephant populations?Scientists estimate that African elephants are being lost at a rate of Iday. What is one of the main themes in the Biblical story of "Jonah and the Whale"? freedom transformation greed imagination In which cases did the supreme court first claim the right of judicial review?