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mina [271]
3 years ago
9

If you take out a $30,000 student loan at 6%:

Business
2 answers:
olganol [36]3 years ago
7 0

Answer

Hello,

The correct answer option is {C}

Explanation

Every year, 6% of the debt increases as the interest rate is charged, thus the grand total of the actual debt will be more than $30000 due to the added interest. In addition to that, the monthly payment of $255 is inclusive of the payment of the principal amount and interest on the loan.

Wish you Luck!

Alika [10]3 years ago
3 0

Answer:

Once you graduate you will have a monthly payment of about $255 each month for the next 15 years

Explanation:

Using a calculator of student loans, we consider $30,000 as the amount with an interest rate set of 6% and a term of 15 years, obtaining a total of $254 for the monthly payment to cover the loan (30,000) and the interest (15,569) for a total of $45,569.

I hope you find this information useful and interesting! Good luck!

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Adjustment for Accrued Expense
Alexus [3.1K]

Answer and Explanation:

The adjusting entry is shown below:

Salary expense Dr ($17,250 ÷ 5 days × 2 days) $6,900

        To Salary payable $6,900

(Being salary expense is recorded)

here salary expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities

6 0
3 years ago
Clemeson Corporation, which has only one product, has provided the following data concerning its most recent month of operations
blsea [12.9K]

Answer:

$149,600

Explanation:

Variable cost per unit = 36+57+3+5 =  

Variable cost per unit = $101

Contribution margin per unit = 145 - 101

Contribution margin per unit = $44 per unit

Total contribution margin = 3,400 * $44

Total contribution margin = $149,600

8 0
4 years ago
What is a specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to
katovenus [111]

The specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to help employees achieve success at both work and home considered is -work-life effectiveness. This is further explained below.

<h3>What is organizational practices?</h3>

Generally, An organizational practice is the habitual application of knowledge inside an organization for the purpose of carrying out a certain function. This application of knowledge has developed over the course of time as a result of the history, people, interests, and activities of the organization.

In conclusion, The precise combination of corporate practices, policies, and programs, plus a mindset that actively supports efforts to assist individuals to achieve success at both work and home regarded called -work-life effectiveness.

Read more about organizational practices

brainly.com/question/17329622

#SPJ1

4 0
2 years ago
Typical quality improvements include: a. All of the answers are correct b. product redesign c. alteration of organizational arch
tia_tia [17]

Answer:

a. All of the answers are correct

Explanation:

Typical quality improvements include electronic defect detection which will bring about efficiency in the service delivery to the customers, alteration of organizational architecture to increase local responsiveness to customer needs, purchase of robotic manufacturing systems which will more efficiency to the work being done in the organization and product redesign to meet the needs of the customers

4 0
3 years ago
Goshawks Co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units
Katena32 [7]

Answer:

Explanation:

Computation A:  

Product Cost Markup = Desire to Earn Profit + Total Selling

Desired to Earn profit = $960,000 × 12%

Desired to Earn profit = $115,200

Product Cost Markup = Desire to Earn Profit + Total Selling  

Product Cost Markup = $115200 + $105000

Product Cost Markup = $220,200

Percentage Markup =  Product Cost Markup /  Incur Total Manufacturing Cost

Percentage Markup = $220200 / $2600000

Percentage Markup = 8.5%

Computation B:

Per Unit Cost =  $2,600,000 / 80000

Per Unit Cost = $32.5

Price of Product = $32.5 + ($32.5 × 8.5%)

Price of Product = $35.26

7 0
3 years ago
Read 2 more answers
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