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
Leviafan [203]
1 year ago
6

a $104,000 selling price with $24,000 down at 6.5% for 25 years results in a monthly payment of: multiple choice $545.61 $554.71

$546.16 $540.17 none of these
Business
1 answer:
stellarik [79]1 year ago
4 0

The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17

<h3>How to find the monthly payment?</h3>

First, find the loan amount:

= Selling price - down payment

= 104, 000 - 24, 000

= $80, 000

The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:

Monthly rate :

= 6.5% / 12

= 6.5%/12

The number of periods is:

= 25 x 12

= 300 months

Then put this into an annuity calculator to find the monthly payment to be:

= Loan amount / Annuity factor

= 80, 000 / 148.1

= $540.17

Find out more on monthly payment at brainly.com/question/27926261

#SPJ1

You might be interested in
Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. What's this agreement call
kolezko [41]

Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. This agreement is called a bilateral contract.

<h3>What is bilateral contact?</h3>

A bilateral contract is a contract which is made between two parties. Under this contract, both parties make promises to each other on the terms and conditions. In this contract, the promise of one party turns into a consideration of the other party. It is the most common kind of contract which is binding in nature.

Fiona signed a contract promising to either purchase Nick's vacant lot for $310,000 by a certain date or not. It's referred to as a bilateral contract.

Learn more about the bilateral contracts from here:

brainly.com/question/14527253

#SPJ1

4 0
2 years ago
An acquisition premium is the amount by which the price offered for an existing business exceeds the Select one: a. amount paid
MAVERICK [17]

Answer:

d. pre-acquisition market value of the target company.

Explanation:

An acquisition premium is the amount by which the price offered for an existing business exceeds the pre-acquisition market value of the target company.

An acquisition premium gives the difference between the actual amount of money paid in acquiring a target firm and the estimated real value of obtaining the firm before the acquisition.

Acquisition premium are usually recorded on the balance sheet as "goodwill."

8 0
3 years ago
Consider the following items: (a) Decrease in accounts receivable (f) Gain on the sale of equipment (b) Issuance of common stock
Jlenok [28]

Answer:

(a) Decrease in accounts receivable

(g) Depreciation expense

Explanation:

Operating activities: It involves those transactions that after net income impact the working capital. This will subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and a rise in current liabilities.

It will manage some adjustments in working capital. For addition, the depreciation expenses are added to the net profit and the loss on the selling of assets is added, while the benefit on the sale of assets is deducted

Based on the above explanation, the items which are to be added in the operating activities are

(a) Decrease in account receivable

(g) depreciation expense

Out of all Other items would be deducted and all other items belong to investing and financing activity

8 0
3 years ago
A liaison role exists when: _________
exis [7]

Answer:

Option b seems to be the correct approach.

Explanation:

  • Liaison seems to be collaboration as well as the communication of knowledge among various organizations as well as between multiple portions of the institution.
  • Communication among groups of the military services or indeed any entity shall be established in needed to guarantee coordinated action, partnership, respectively.

Some other options aren't relevant to the current situation in question. So choice b was its right one

8 0
3 years ago
Jared Beverage Corporation uses a process costing system to collect costs related to the production of its celery flavored cola.
Alex787 [66]

Answer:

$63,000

Explanation:

The computation of cases of cola were completed and transferred to Finished Goods Inventory during January is shown below:-

Completed and transferred to finished goods inventory is

= Case of cola as on Jan 1 work in process + completed & transferred out - ending work in process as on Jan 31

= $5,000 + $65,000 - $7,000

= $63,000

Hence, the number of cases of cola is $63,000

4 0
3 years ago
Other questions:
  • A sound allocation system should: be cheap and easy to administer provide incentives for cost control charge in proportion to am
    10·1 answer
  • while guiding organization members in appropriate directions, a manager exhibits a) consideration behavior c. authoritarian beha
    14·1 answer
  • One reason there is political opposition to international trade is that: the potential gains from specialization and trade are s
    6·1 answer
  • Robert wants to get serious about saving for a new car. Which account would you recommend? Why?
    7·1 answer
  • An equal partnership is formed by Rita and Gerry. Rita contributes cash of $10,000 and a building with a fair market value of $1
    9·1 answer
  • Officials argue that the government needs to reduce the national debt. Which actions are most likely to accomplish this goal?
    10·1 answer
  • Blue Ridge Bank has a PM of 12 percent, an interest income to total assets ratio of 6.00 percent, and a noninterest income to as
    6·1 answer
  • A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 fo
    8·1 answer
  • Jones Electric Motors uses a Kanban system to make motors for several garage door
    10·1 answer
  • The emirates group has a workforce comprised of individuals with 160 different nationalities. Suppose that one individual is con
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!