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Tanzania [10]
3 years ago
6

One of your customers is delinquent on his accounts payable balance. you’ve mutually agreed to a repayment schedule of $750 per

month. you will charge 1.9 percent per month interest on the overdue balance. if the current balance is $18,000, how long will it take for the account to be paid off?
Business
1 answer:
liubo4ka [24]3 years ago
4 0
In this problem, we need to find the length of an annuity. We already identified the interest rate, the PV, and the payments.
Using the PVA equation: PVA =C({1 – [1/(1 +r)t]} /r
$18,000 = $750{[1 – (1/1.019) t] / 0.019}
Then solve for t:
1/1.019t= 1 − {[($18,000)/($750)](0.019)}
1/1.019t= 0.544
1.019t= 1/(0.544) = 1.838
t= ln 2.193 / ln 1.019 = 32.34 months or 2.7 in years
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At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos
mash [69]

Answer:

$36

Explanation:

The contribution margin per unit is calculated by subtracting the variable cost per unit from the selling price.

Selling price is $60

Contribution margin per unit?

The total sales in dollar value are $15,000, The sales in units equal to

=$15,000 /60

=250 units

Total variable costs will include variable manufacturing cost plus variable selling and administrative costs

=$4000 + $2000

=$6000

variable cost per unit will be the total variable cost divide by units produced

=$6000/250

=$24

Contribution margin per unit = $60- $24

=$36

6 0
3 years ago
Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asse
vichka [17]

Answer:

d. Mexico has nothing to gain from importing United States pork.

Explanation:

The principle of comparative advantage asserts that countries (in this case Mexico) are better off importing certain goods (in this case pork), given that the opportunity cost of importing such goods are less in comparison to the production costs of manufacturing them within the country.

By definition, a country is said to have a <em>comparative advantage</em> over another, when they can produce a certain good or service at a lower marginal or opportunity cost.

6 0
3 years ago
the measure and establishment of the boundaries of a particular property usually identify by middle stakes embedded at the corne
goblinko [34]
B is the answer girlie
8 0
3 years ago
Which of the following is likely to shift the supply curve right?
yaroslaw [1]

Answer:

A technological improvement that reduces costs of production will shift supply to the right, so that a greater quantity will be produced at any given price. Government policies can affect the cost of production and the supply curve through taxes, regulations, and subsidies.

What are five things that will shift a supply curve to the right?

changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include

1) the number of sellers in a market,

2) the level of technology used in a good's production,

3) the prices of inputs used to produce a good,

4) the amount of government regulation, ...

Correct me if this is wrong, Hope this helps

#Carryonlearning

5 0
2 years ago
Two college students went to Guadalajara, Mexico, on their spring breaks. One took the vacation in 2002, while the other went in
ad-work [718]

Answer:

1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:

Student A - 2002

Spent 5 nights x 200 pesos = 1000 pesos

Total pesos  = $500 x 9 = 4500 pesos

Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

Spent 5 nights x 220 pesos = 1100 pesos

Total pesos  = $500 x 11 = 5500 pesos

Pesos left = 5500 - 1100 = 4400 pesos

5 0
2 years ago
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