This is a simple interest problem. We are going to use the formula:
Where I is the interest she has to pay for her loan, P is the amount she financed, r is the interest rate (in decimal), and t is the number of years.
Replace the values to get:
Now that we have the interest she paid, we just need to add them to the value she paid to get the total cost she paid:
We can conclude that the total cost of the car that she financed will be $21,077.46
The answer is false i hope this helps :3
Answer:
Is the process of allocating to expense the cost of plant asset.
Explanation:
Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's shown on the income statement debit side. It is a non-cash item which has no effect on the cash balance.
Moreover, it is to charged over the specified number of useful life so that proper amount of the depreciation should be recorded in the books of accounts
Answer:
C. Personal Reference introduction
Explanation:
This introduction type talks about a subject (State University) by relating the speaker or his experience to the subject.
(A) Quotation is something that is being said by someone. So whether or not this speaker related himself to the university, what he said would still have been taken as a quote or would be put in quotation marks when written down.
(B) A Rhetorical Question is one which is asked without the intent of getting an answer. First of all, there is no question in this speaker's speech.
(D) "Story" would have been the answer if there was no option (C) but the fact that option C exists and more perfectly describes his speech, makes (D) refutable.
Answer:
(a) 10.4%; 16.73%
(b) 6.33%
Explanation:
Given that,
Wages paid to the workers in 2016 = $25 per hour
Price level in 2016 = 241
Wages paid to the workers in 2017 = $41 per hour
Price level in 2017 = 245
Real wage rate in 2016:
= (Nominal wages ÷ Price level) × 100
= ($25 ÷ 241) × 100
= 0.104 × 100
= 10.4%
Real wage rate in 2017:
= (Nominal wages ÷ Price level) × 100
= ($41 ÷ 245) × 100
= 0.1673 × 100
= 16.73%
Therefore, the real wage increase received by these workers in 2017 is calculated as follows:
= Real wage rate in 2017 - Real wage rate in 2016
= 16.73% - 10.4%
= 6.33%
Hence, these workers do get a raise between the two years.
