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devlian [24]
2 years ago
11

CARLIN:

Business
1 answer:
goldfiish [28.3K]2 years ago
5 0

Carlin will pay a total of $45,000 for interests if she buys an $85,000 house.

<h3>What is the interest?</h3>

The interest refers to the amount of money Carlin needs to pay to the bank for the loan.

<h3>How is the interest calculated?</h3>

Total interest: Percentage given of the total loan.

Let's assume Carlin buys an $85,000 house.

  • $85,000 - $20,000 (down payment) = $65,000
  • $65,000 / 100 x 3.89 = $2528

$2528 would be the annual interest paid for $65,000. However, as Carlin pays her debt the total of money left will decrease and so will do the interest that she pays.

Due to this, the total interest would be approximately $45,000.

Learn mor about interest in: brainly.com/question/2883618

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Meaning of jobbers in business studies<br>​
Leni [432]

Answer: in business a jobber is a manufacturer, tradesman, or wholesaler who deals in small lots of goods or 'jobs,' or acts as an agent, middleman (intermediary), or a sub-contractor, and usually does not deal directly with the principal customer.

Explanation: a jobber is also an informal name for a broker or someone that negotiates with shares or stocks.

4 0
3 years ago
December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun u
allochka39001 [22]

Answer:

A. NA = NA + NA NA -NA = NA NA NA

Explanation:

As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.

Therefore, the following journal entries to record the transaction.

Accounts receivable                     debit $1,050

Allowance for doubtful accounts credit $1,050

To record reinstatement of accounts receivable.

Cash                           debit $1,050

Accounts receivable credit $1,050

As one asset account is increase and another asset account is decreased.

7 0
3 years ago
Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%
Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200)                                                       $150,000

Less Variable Costs :

Costs of Sales ($600 x 200)                  $120,000

Commissions ( $150,000 x 15 %)            $22,500    ($142,500)

Contribution                                                                     $7,500

Less Fixed Costs

Rent                                                             $1,400

Salaries                                                       $3,000       ($4,400)

Net Income                                                                       $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0
3 years ago
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match
Romashka-Z-Leto [24]

Answer and Explanation:

The matching is as follows

1. In the absorption costing, the gross profit is on the income statement

2. The variable cost provided the useful report with respect for controlling cost

3. The fixed selling cost be the period cost in both the absorption & variable costing

4. In absorption costing, it required by GAAP

In this way it should be matched

hence, the same would be relevant and considered

7 0
3 years ago
Discuss which financial management practices are least effective in creating and monitoring an operating budget?
insens350 [35]

The financial management practices which are least effective in creating and monitoring an operating budget include top down/bottom up budgets, poor inventorying, lack of control, over control, and lack of staff investment.

In business, financial management includes the practice of making a business plan and then ensuring that all departments which falls under it stay on track and work properly.

Creating and monitoring an operating budget for the national government involves four distinct processes which are, budget preparation, budget authorization, budget execution and accountability.

Hence, the operating budget helps in keeping track of the income and expenses in an organization.

To learn more about operating budget here:

brainly.com/question/8053842

#SPJ4

3 0
2 years ago
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