You Borrow GBP 2,500,000

question 608

Multiple Choice

You borrow GBP 2,500,000.00 at 0.625% for 165 days. How much do you repay including interest?

• A) GBP 2,507,161.46
• B) GBP 2,507,063.36
• C) GBP 2,507,006.85
• D) GBP 2,507,106.16

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Definitions:

Fixed Overhead Budget

A financial plan that projects the expected fixed costs required to support the operations of a business.

Standard Machine-Hours

A predetermined measure of the amount of machine time required to produce a unit of product, used in costing and budgeting.

Machine-Hours

A measure of production output or activity based on the number of hours a machine is operated within a given period.

Power Cost

Power cost refers to the expenditure associated with the consumption of electrical energy by a company or an individual.