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dusya [7]
3 years ago
5

Why is the interest rate of a loan one of the most important things to consider when shopping around for loans?

Business
2 answers:
KengaRu [80]3 years ago
8 0
<span>a.
The interest rate should be ignored, because there’s nothing a consumer can do to change it. b.The interest rate is essentially how long you have to pay off your loan, and the shorter the better.c.The interest rate can drastically change the total amount paid to the lender, in the case of mortgages, up to thousands of dollars. d.The interest rate does not change, even between banks, so choosing the right time to borrow is essential. 
</span>
Orlov [11]3 years ago
7 0
<span>The interest rate can drastically change the total amount paid to the lender</span>
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If a term in a contract is ambiguous, the court will consider the parties'
Tpy6a [65]

Answer:

intent

Explanation:

8 0
2 years ago
Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired
Arturiano [62]

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

                                                       = $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

                                                       = $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

                                              = $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

                                                       = $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

7 0
3 years ago
Tyrone Northrup pays monthly rent of $1,240 for a one-bedroom apartment in a large city. He pays an extra monthly charge of $160
Leona [35]

Answer:

$18,910.00

Explanation:

Monthly rent $1240

Extra monthly charge $160

Electricity $90

Other utilities $860 per year

Insurance $170 per year

The monthly rent per year will be

=$1240 x 12

=$14,880

Parking charges per year

=$160 x 12

=$1,920

Electricity charges per year

=$90 x 12

=$1,080

Other utilities per year

=$860

Insurance per year

=$170

The annual cost will be

=$14,880 + $1,920 + $1,080 + $860 + $170

=$18,910.00

8 0
3 years ago
Derst Inc. sells a particular textbook for $27. Variable expenses are $20 per book. At the current volume of 43,000 books sold p
NISA [10]

Answer:

d. 301,000

Explanation:

Given that the cost per textbook is $27, we know that the addition of variable and fixed Cost gives total cost.

We will multiply variable cost per textbook of $20 with current volume of book sold per year 43,000, which gives a total variable cost of $860,000.

Also, total cost would be 43,000 multiplied with $27 , which is $1,161,000 minus the total variable cost of $860,000 equals $301,000 which is the associated fixed cost.

8 0
2 years ago
Craigmont uses the allowance method to account for uncollectible accounts. its year-end unadjusted trial balance shows accounts
marshall27 [118]
<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
3 0
3 years ago
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