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3 years ago

Mary co-signs for a car loan for Barbara. What can happen to the car if Barbara misses a few payments on the car loan?

1 answer:

4 0

Most likely, Mary would be charged a higher amount of interest for missing payments, and would be charged more and more the if she continued to miss payments.

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After getting her degree in marketing and working for 5 years for a large department store, Sally started her own specialty shop

alekssr [168]

Answer:

$3,751.90

Explanation:

we must find the present value of both alternatives

alternative 1, keep paying $1,000 per month for 60 months

present value = monthly payment x PV annuity factor

monthly payment = $1,000

PV annuity factor = [1 - 1/(1 + 0.9167%)⁶⁰ ] / 0.9167% = 45.9136

present value = $1,000 x 45.91361 = $45,991.36

alternative 2, pau $1,050 per month for 54 months starting after 6 months

monthly payment = $1,050

PV annuity factor = [1 - 1/(1 + 0.9167%)⁵⁴ ] / 0.9167% = 42.4406

present value in 6 months = $1,050 x 42.4406 = $44,562.63

present value today = $44,562.63 / 1.055 = $42,239.46

Sally's net worth increases by $45,991.36 - $42,239.46 = $3,751.90

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3 years ago

Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5]Riverside Inc. ma

Lyrx [107]

Answer:

64% it's the contribution margin of the company.

Explanation:

To find the contribution margin we need to find the gross profit which is the total sales minus the variable cost of goods, te contribution margin doesn't include the fixed costs only the variable ones.

Income Statement

Quantities 400 600 750 1.000

Sales $148,000 $222,000 $277,500 $370,000

Cost of goods sold -$54,000 -$81,000 -$101,250 -$135,000

Contribution Margin $94,000 $141,000 $176,250 $235,000

64% 64% 64% 64%

Fixed Cost -$60,000 -$60,000 -$60,000 -$60,000

Total Cost -$114,000 -$141,000 -$161,250 -$195,000

Operating Income $34,000 $81,000 $116,250 $175,000

5 0

3 years ago

Shaila wants to add new tabs to her PowerPoint. She selects New Tab and renames it. She then starts adding the terms Bring Forwa

m_a_m_a [10]

I think the answer is D, but I may be wrong. The reason why is Shaila needs PowerPoint to check her grades to ease all the work.She may just add it into the main tabs.

5 0

3 years ago

Read 2 more answers

________ is defined as the extent to which your authority is accepted on grounds of competence, vision, or other qualities. A.

lora16 [44]

Answer:

A. Legitimacy

Explanation:

Legitimacy is defined as the extent to which your authority is accepted on grounds of competence, vision, or other qualities. This term is used mostly in the context of political science, mainly describing the right and acceptance of an authority and mostly deals with systems of governments or regimes where there are established individuals appointed authority.

5 0

3 years ago

Read 2 more answers

A clothing store has ordered 100,000 swimsuits. It costs $22 to produce a swimsuit. They plan to sell them until August 31 at a

fomenos

Answer:

Total profit = $1800000 @ a given demand level of 100K units of swimsuit.

Explanation:

Lets first develop a formula representing the Total profit for any demand level, see as follows:

(Selling price per unit× d) - (cost per unit× d)= Total profit

We will be using the short forms of the components in this formula.

SP = selling price per unit

d= demand

cp= cost per unit

TP= Total profit.

Now lets substitute the values into the formula to compute profit at any demand level (in this case 100,000 units of swimsuits) as follows:

Total profit = ($40× 100000) - ($22× 100000)

Total profit = $4000,000 - $2200,000

Total profit = $1800000 @ a given demand level of 100K units of swimsuit.

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<em>(NOTE: The formula mentioned above can be used to compute the correct profit for any demand level, even though if there is a change in sp and/or cp, the formula can also be useful.)</em>

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3 years ago