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3 years ago

List three impulse goods that you or someone you know has purchased.

Business

1 answer:

kolezko [41]3 years ago

8 0

Well, I've bought:
1. K-Zone magazines
2. Chocolate bars
3. Mostly snacks

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E-Loan, an online lending service, recently offered 48-month auto loans at 4.5 % compounded monthly to applicants with good c

ser-zykov [4K]

Answer:

Therefore I can borrow $19646.12 from E-Loan.

The interest I will pay for the loan is $1,857.88.

Explanation:

The formula of present value is

$PV=PMT(\frac{1-(1+i)^{-n}}{i})$

PMT = The monthly payment = $448

i= Rate of interest per period $=\frac{4.5}{12}\%=0.00375$

n = The number of month = 48 months

Therefore

$PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})$

≈$19646.12

Therefore I can borrow $19646.12 from E-Loan.

The interest = Paid amount - Loan amount

=$[(448×48)-19646.12]

=$1,857.88

The interest I will pay for the loan is $1,857.88.

6 0

3 years ago

If you case a car accident, which type of insurance will require you to pay the least out of pocket?

maria [59]

Uninsured motorists. Make sure you have it.

7 0

3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

5 0

3 years ago

Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. Based on IRS tabl

Brilliant_brown [7]

Answer:

B. $80

Explanation:

The annuity exclusion ratio is ($4,800/($100*240))= 20% return of capital per payment. Hence, $80 of the $100 monthly payment is include in gross income

8 0

3 years ago

PLEASE HELP!!!

Luden [163]

building society --- is owned by its members and provides banking servic

trust company --- acts as a fiduciary and handles custodial asset arrangements

asset management firm --- invests people's funds in financial assets

stock brokerage firm --- trades securities and makes money from commissions

5 0

3 years ago

Read 2 more answers