1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serious [3.7K]
4 years ago
12

Bob bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $300 less than the desktop. He paid

for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges?
Business
1 answer:
Serjik [45]4 years ago
3 0

Answer:

Laptop = $2,900

Desktop = $3,200

Explanation:

The cost of the laptop will be represented by the variable X

The desktop costs $300 more than the laptop, therefore, its cost will be X+300

The finance charge of 398 comes from the 7% interest on the desktop (7% interest on X+300), and the 6% interest on the laptop (6% interest on X).

We can lay out the formula with the information above:

398 = 0.07*(X+300) + 0.06*X

398 = 0.07X + 21 + 0.06X

398 = 0.13X + 21

398 - 21 = 0.13X

377 = 0.13X

377 / 0.13 = X

2,900 = X

So X is the laptop, therefore, the laptop costs $2,900.

The desktop costs $2,900 + $900 = $3,200

You might be interested in
Why does location matter?
BigorU [14]

answer: you need to know where your at

7 0
4 years ago
When Patrick was talking with his customer about the new accounting system, his customer mentioned that she thought the new syst
cupoosta [38]

Answer:

The question lacks answers:

<em>a. overcoming reservations </em>

<em>b. generating and qualifying leads </em>

<em>c. the presentation </em>

<em>d. the preapproach </em>

<em>e. follow-up</em>

The answer is: a. overcoming reservations

The answer can be formulated as - handling objections

Explanation:

The sales presentation process usually follows the sequence:

<em>generating and qualifying leads  -> the preapproach  -> the presentation  -> overcoming reservations  -> closing -> follow-up</em>

The part of overcoming reservations is one of the most critical parts of the sales process, as it includes the addressing of the potential concerns a lead may have. This is the part when most salespeople end the whole process, as they are mostly not prepared to argument their sales pitch.

In this example, Patrick is confident and persistent in his efforts to emphasize the benefits of the system, even though the client expressed some concern about it. Patrick successfully overcame the client's reservations by explaining the benefits further.

6 0
4 years ago
What is the output of a mosquito repellent product?​
Kay [80]
The output of mosquito reppelent is a toxin that is harmful to mosquitos
8 0
3 years ago
Read 2 more answers
Crane Company reported total manufacturing costs of $390000, manufacturing overhead totaling $59000, and direct materials totali
Marta_Voda [28]

Answer:

$267,000

Explanation:

Total manufacturing cost refers to the sum of all expenses incurred by a firm in the production process in a period.  Total manufacturing cost is compared with total revenue to determine profitability. The calculation of total manufacturing involves additional direct materials,  direct labor, and overhead costs.

Therefore, total manufacturing cost = Direct materials +Direct labor + overhead costs.

For crane company:

$390,000= $59,000 + $ 64,000 + direct labor

= $390,000= $123,000 + direct labor

=Direct labor =$390,000-$123,000

=$267,000

7 0
3 years ago
Cannibalization occurs when a producer offers a new product that takes sales away from its existing products
MariettaO [177]

Cannibalization occurs when a producer offers a new product that takes sales away from its existing products: TRUE

<h3>What is cannibalization?</h3>
  • Cannibalization in marketing strategy refers to a decrease in sales volume, sales revenue, or market share of one product when the same company releases a new one.
  • Cannibalization occurs when a manufacturer introduces a new product that competes with its existing items.
  • Market cannibalization occurs when a corporation introduces a new product that replaces one of its existing ones.
  • When a new product is identical to an old one and both share the same client base, market cannibalization occurs.

Therefore, the statement "cannibalization occurs when a producer offers a new product that takes sales away from its existing products" is TRUE.

Know more about cannibalization here:

brainly.com/question/5421107

#SPJ4

The correct question is given below:

Cannibalization occurs when a producer offers a new product that takes sales away from its existing products. TRUE or FALSE

5 0
2 years ago
Other questions:
  • In a typical growth pattern, the owner hires managers to run the firm during which stage of development? A. Stage 1 B. Stage 2 C
    14·1 answer
  • money that is provided by the defendant to ensure his or her appearance in court is reffered to as----------------.
    9·1 answer
  • Runaround Corporation sells running shoes and during January they ran production machines for 23,000 hours total and incurred $
    6·1 answer
  • Suppose an investment will have an initial positive cash flow of $100,000 in year 0, followed by a negative cash flow of $110,00
    15·1 answer
  • MySchool Notebook Company uses 100,000 pounds of plastic pellets per year in the production of their custom 3-ring school binder
    6·1 answer
  • Use the following information to perform the calculations below (using the indirect method).
    10·1 answer
  • What kind of network might you have at home?
    14·2 answers
  • If you want to stregthen your bones, add an eight
    6·2 answers
  • To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
    15·1 answer
  • Which style of interaction might seem to be the only way for couples whose backgrounds are completely irreconcilable to survive?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!