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3 years ago

How much more do you spend on purchases when you use credit vs. cash ?

Business

1 answer:

anastassius [24]3 years ago

6 0

It depends on the interest rate and how long it takes to pay it off. But often it's significantly more

You might be interested in

Which statement about stakeholders is BEST?

olasank [31]

Answer:

2. Stakeholders can potentially impact project development.

Explanation:

Stakeholders -

It refers to a party , which is interested in a company and the business can affect the stakeholder or the stakeholder can affect the business , is referred to as a stakeholder.

The type of primary stakeholder are , the suppliers , customers , employees and the investors.

The stakeholder have the capability to affect any project .

Hence , from the question,

The correct option is 2.

4 0

2 years ago

Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont

rewona [7]

Answer:

The sales budget is prepared below. See table below.

Explanation:

A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:

Sales budget

Month Units Revenue($)

January 41,000 1,435,000

February 38,000 1,330,000

March 50,000 1,750,000

4,515,000

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

6 0

3 years ago

On January 1, 2018, Byner Company purchased a used tractor Byner paid $3,000 down and signed a noninterest-bearing note requirin

Sedbober [7]

Answer:

tractor 35,127,42 debit

note payable 32,172.42 credit

cash 3,000 credit

--to record issuance--

Note payale end of 2018

39,584.19

note payables at Dec 31th

Note payable at the end of 2019

39,584.19

note payables at Dec 31th

Explanation:

As the note has zero.interest we discount the note to get the present value:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $44,000.0000

time 3.00

rate 0.11

$\frac{44000}{(1 + 0.11)^{3} } = PV$

PV 32,172.42

The difference will be a discount that will acrrue interest overtime.

the truck will enter the accounting net of interest charges thus:

3,000 downpayment + 32,127.42 = 35,127.42‬

interest will be: 32,127.42 x 1.11 = 32,127.41

Then, do the same for 2019

(32,127.41 + 3,532.0162) x 1.11 = 39,584.19

5 0

3 years ago

Researchers have found which of these to be the most popular downward influence tactics?

Lerok [7]

The best and most correct answer among the choices provided by the question is the first choice. On the other hand, the answer for the second question is the second choice. I hope my answers has come to your help. God bless and have a nice day ahead!

8 0

2 years ago

Rahls issues stock to investors for $20,000, and has $5,000 of net income in its first year of operations. During Year 2, Rahls

Eva8 [605]

Answer:

The balance in stockholders' equity at the end of year 2 is $31,000

Explanation:

For computing the balance in stockholder equity at the end of year 2, first, we have to compute the balance for year 1 which is shown below:

Year 1 equity balance = Issue of stock + Net income

= $20,000 + $5,000

= $25,000

Now, year 2 balance would equal to

= Year 1 balance + Net income - Dividend paid

= $25,000 + $10,000 - $4,000

= $31,000

Hence, the balance in stockholders' equity at the end of year 2 is $31,000

4 0

3 years ago