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dimaraw [331]
3 years ago
6

You want to buy a new sports car from Muscle Motors for $38,000. The contract is in the form of an annuity due for 60 months at

an APR of 10.00 percent. What will your monthly payment be?

Business
1 answer:
insens350 [35]3 years ago
5 0

Answer:

$800.71

Explanation:

In this question we use the PMT formula that is shown on the attachment below:

Data provided in the question

Present value = $38,000

Future value = $0

Rate of interest = 10% ÷ 12 months = 0.83333%

NPER = 60 months

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payments is $800.71

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Lee is the product manager for a software program sold by Company ABC. In evaluating the product, Lee determines that something
dezoksy [38]

Answer:

Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.

The marketing mix consists of:

- Product

- Price

- Place

- Promotion.

The above are usually called the 4Ps of marketing.

Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.

This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.

Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.

8 0
3 years ago
Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. T
Margaret [11]

Answer:

<em>Incomplete question is "2. What journal entry should Johnson record to recognize bad debt expense for 2021? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2021. Determine the amount of accounts receivable written off during 2021 4. If Johnson instead used the direct write-off method, what would bad debt expense be for 2021?"</em>

1. Gross accounts Receivable = Allowance Account balance at beginning / 10%

= $30,000 / 10%

= $300,000

2.     Year   Account Title                              Debit     Credit

       2021  Bad debt expense                   $105,000

                  ($500,000*10% + $55,000)  

                         To Allowance for Doubtful Accounts   $105,000

3.  Accounts receivable written off = Beginning balance of Allowance Account - Ending Balance of Allowance account

= $30,000 - (- $50,000)

= $30,000 + $50,000

= $80,000

4. Bad debt expense for 2021 (direct write off method) = Amount written off = $80,000

4 0
3 years ago
Supervisors counting cash receipts daily is an example of:.
netineya [11]

Answer:

Independent internal verification

Explanation:

3 0
2 years ago
You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,
kozerog [31]

Answer:

$240; $160

Explanation:

The computation is shown below:

As we know that

if there is 40% of money engaged in the risk portfolio is

= $1000 × 40%

= $400

Now amount in X is

= $400 × 0.60

= $240

And, the amount in Y is

= $400 × 0.40

= $160

hence, the last option is correct

All other valeus i.e. given in the question is not relevant. hence, ignored it

5 0
3 years ago
Which of these is a story that would convey Camp Bow Wow’s culture?
kobusy [5.1K]

Answer:

c. One day, a dog owner was in a car accident and couldn’t pick up her dog, so Sue Ryan took that dog home with her overnight to take care of it.

Explanation:

In this case study, organizational values and company culture are best conveyed through an emotional message. Here it is shown how ethical duty comes first, even above robust working hours and approach where employees do the least what's expected of them.

This message effectively communicates how animal love is above employee duty for Camp Bow Wow employees. Also, it demonstrates a customer-centric approach.

5 0
3 years ago
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