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1. Given:        2019 Sales = $213,346       2020 Sales = $292,969       2019 Operating Income...

1.

Given:       

2019 Sales = $213,346
      2020 Sales = $292,969
      2019 Operating Income = $106,282
      2020 Operating Income = $179,533
      2019 Net Income = $59,413
      2020 Net Income = $81,936
Calculate DOL (Enter your answer with 2 decimal places.)

2. Total variable costs are $13,137, sales $57,179, and fixed costs $15,517. Calculate DOL. (Enter your answer with 2 decimal places)

3. Calculate the effective annual interest rate of foregoing the discount and paying on the 45th day when the terms are 3/13, n 45. Use a 365 day year: (Enter answer as a percentage number with 2 decimal places.)

4. You are getting a discount interest loan of $27,411 for one year. The stated rate of interest is 8%. Calculate the effective interest rate: (Enter answer as a percentage number with 2 decimal places)

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Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago
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