Answer:
B. $4,520.64
Explanation:
The computation of the down payment is shown below:
= {Monthly payment × (1 - 1 + interest rate)^-number of periods} ÷ {Interest Rate}
where,
Interest Rate = 8% ÷ 12 months = 0.66667
= {500 × (1 - 1 + 0.67)^-48} ÷ {0.67}
After solving this, the amount is $20,480.956
Now the down payment is
= $25,000 - $20,480.956
= $4,519.04 approx
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Answer:
c. Unique costing. Job order costing.
Explanation:
Doing work on the specific requirement of customer is classified in unique costing and job order costing. Because all specifications , time period and requirements of the job is different from each other. All the other options are related to a similar business operations which require same costing method to be accounted for.
Answer: Monopolistically competitive structure.
Explanation:
The restaurant industry as described in the question is a Monopolistically competitive structure. In the Monopolistically competitive structure different businesses offer a similar product for sale and they try to make their products unique and can set their prices without considering the price set by their competitors. The Monopolistically competitive structure is difficult market for new businesses to break into.
Answer:
guiding function of prices in a market system
Explanation:
The price transfer information cross the agent which, organize around them, the price of a good made it more profitable than other, which generate more people diving into the business. This in the end lower the price as there are more competition, and causes agent to leave the market and move to another thus, allocating resources without explicit regulatory structure or goverment actions. Same concepts occur with the consumer, if the price of a good is lower, they will prefer to purchase it over other with are more expensive. This will send the signal to produced to generate more units of this goods and decrease the output of goods which are not consumed as much.
