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Sidana [21]
2 years ago
13

Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to rep

etitively process transactions?
A) Accounts Clerk
B) Insurance Underwriters
C) Claims Clerk
D) Business Financial Manager
Business
2 answers:
sergejj [24]2 years ago
8 0

The answer is: A. Accounts Clerk

The main duty of an account clerk is to review and maintain all the financial records that needed by a company.

Account clerk's daily jobs include repetitively calculate interest on the loans taken by thee company, monitor the money in the company's bank accounts , maintaining company's credit accounts,  Using database and spreadsheets to record company's financial activities, etc.

Lerok [7]2 years ago
5 0
A. Let me know if I'm wrong
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10) Before the year began, Murphy Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13
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Answer:

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What is given:

Budgeted overhead = 175,500

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3 years ago
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing
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Answer:

A. $3,520

B. $13,520

C. $240 monthly

D. 21.55%

Explanation:

A. Calculation for the total interest

Using this formula

Interest = (Principal) (Rate) (Time)

Let plug in the formula

Interest = (8000)(.11)(4)

Interest = $3,520

B. Calculation for the total cost of the car

Using this formula

Total Cost = Down Payment + Principal amount Borrowed + Interest amount

Let plug in the formula

Total Cost = $2,000 + $8,000 + $3,520

Total Cost = $13,520

C. Calculation for the monthly payment

Using this formula

Monthly Payment = (Principal amount Borrowed + Total interest amount ) / Total number of payments

Monthly Payment = ($8,000 + $3,520) / 48

Monthly Payment=$11,520/48

Monthly Payment=$240 monthly

Note 4-year * 12 months will give us 48months

D. Calculation for the annual percentage rate (APR) using this formula

APR= (2 × n × I) / [P × (N + 1)]

Let plug in the formula

APR = (2 × 12 × $3,520) / [$8,000 × (48+1)]

APR =$84,480/$8,000×49

APR=$84,480/$392,000

APR=0.2155×100

APR= 21.55%

7 0
3 years ago
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