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3 years ago

What is an installment Credit

1 answer:

6 0

An installment credit is also known as installment loan. It is a loan that is repaid over time with a set number of scheduled payments.

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The process of gathering and evaluating information to determine whose interests should be emphasized throughout the project is

grin007 [14]

Answer:

whose interests shoud be emphasized throughout the project

Explanation:

7 0

3 years ago

5) A car rental company offers two plans for one way rentals. Plan I charges $36 per day and 17 cents per mile. Plan II charges

Rom4ik [11]

Answer:

a. Plan I is better is we drive 300 miles in a day.

b. 150 miles.

Explanation:

a. if mileage is 300 then rental charges will be,

Plan I : $36 + 17 cents * miles

$36 + 0.17 * 300 = $41.10.

Plan II : $24 + 25 cents * miles

$24 + 0.25 * 300 = $99.00

Plan I total cost for 300 miles is $41.10 whereas Plan II total cost for 300 miles is $99.00. Plan I is better plan and cost effective.

b. For mileage (m) calculation we will use equation;

Plan I = Plan II

$36 + 0.17m = $24 +0.25m

0.25m - 0.17m = $36 - $24

m = $12 / 0.08

m = 150 miles.

6 0

3 years ago

Calculate Payroll

musickatia [10]

Answer:

A.1830

B.$1397.75

Explanation:

A.Gross pay

Formula for Gross pay

Gross pay = regular pay + overtime pay

= (40*30)+(14*30*1.5)

=1200+630

= $1830

Part B

B.Net pay

Formula for Net pay

Net pay = gross pay – social security tax – medicare tax – federal income tax

= 1830-(1830*6.0%)-(1830*1.5%)-295

=1830-109.8-27.45-295

= $1397.75

7 0

3 years ago

The fed’s efforts to manage interest rates and thus the availability of credit is known as?

SIZIF [17.4K]

The fed’s efforts to manage interest rates and thus the availability of credit is known as monetary policy.

To control the total quantity of money in circulation, promote economic growth, and put into action policies like raising interest rates and changing bank reserve requirements, a nation's central bank employs a collection of tools known as monetary policy. The three main tools of monetary policy are the discount rate, reserve requirements, and open market activities.

The Fed influences the cost and accessibility of credit and money to maintain a strong economy as the nation's monetary policy regulator. The three objectives of monetary policy are to curb inflation, moderate employment levels, and maintain long-term interest rates.

To know more about monetary policy refer to: brainly.com/question/28038989

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8 0

2 years ago

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? Se

Andre45 [30]

Answer:

A. A higher percentage of the high operating leverage firm's costs are fixed.

Explanation:

Let's first focus on what is operating leverage:

It represents the degree on which an increase in sales revenue, will also increase the operating income of the company

So Being Contribution Margin the amount generate for sales, dividing that for the profit, we got the relationship between sales and income.

$\frac{ContributionMargin}{Profit} = $Operating Leverage\\$

We can expand those like this

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Where Q is the uantity of units sold

and CM is the contribution margin per unit.

Resuming: relationship between sales and operating income

That definition cuts "C" and "D" because they talk about debt, this measurement doesn't involve debt.

Now let's check "A"

It state that higher fixed cost amkes the leverage go higher, let's see if that is true:

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Fixed Cost is subtracting in the divisor, so higher fixed cost makes the divisor lower.

When this happens, the result of the division is higher.

$\lim_{n \to 0} \frac{a}{n}= \infty$

So this example is true

<u>As an example:</u>

If you have 100 CM and 80 Fixed cost then

$\frac{100}{100-80}= 100/20 = 5\\$

IF you have 100 CM and 50 Fixed cost then

$\frac{100}{100-50}= 100/50 = 2\\$

5 0

4 years ago