Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.
<h3>What is interest rate?</h3>
The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.
<h3>What is the purpose of the interest rate?</h3>
An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.
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Answer:
Answer : Average Marginal Cost, Marginal Cost = $2
The total cost per hour of the janitorial service firm = $32
Explanation:
The janitorial firm only uses labour as an input to clean offices and there are no fixed costs. This implies that the total cost is only the variable cost.
Each worker can clean 4 offices in an hour, therefore the output of each labour is 4units per office cleaned. The price/wages paid to each worker isb $8 per hour.
The total cost per hour of the janitorial service firm is $8x4 = $32 (wxq)
Now to clean one more office, the time required will be 15minuites, because each worker can clean 4 offices in an hour. To clean one more office , each worker will be paid $2($8/4)
The variable cost/total cost, average variable cost and the marginal cost of cleaning one more office will be
Variable cost =w.q = 2q
Average Variable Cost = VC/q = 2q/q = $2
sine the marginal cost also varies directly as the average marginal cost , the Marginal Cost is $2
Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
Answer:
hack
Explanation:
hack into the system and move it off your perminate recorder you won't be able to delete it
Answer:
$1,302,000
Explanation:
To calculate the net realizable value of accounts receivable we have to subtract the value of accounts receivables aging report from total accounts receivable = $1,430,000 - $128,000 = $1,302,000
The accounts receivables aging report lists unpaid clients' invoices and unused credit memos.
