Wich of the following is not true of credit cards?

You plan to purchase a $340,000 house using either a 25-year mortgage obtained from your local savings bank with a rate of 8.10

larisa [96]

Answer:

a. Interest under 10 year mortgage = CUMIPMT(7.1%/12, 10*12, 340000*80%, 1, 10*12, 0)

Interest under 10 year mortgage = 108662.44

Interest under 25 year mortgage = CUMIPMT(8.1%/12, 10*12, 340000*80%, 1, 25*12, 0)

Interest under 25 year mortgage = 363217.16

Difference in interest = 363217.16 - 108662.44

Difference in interest = 254554.72

b. Monthly payment under 10 year = PMT(7.1%/12, 10*12, 340000*80%)

Monthly payment under 10 year = 3172.19

Monthly payment under 25 year = PMT(8.1%/12, 25*12, 340000*80%)

Monthly payment under 25 year = 2117.39

Difference in the monthly payment = 3172.19 - 2117.39

Difference in the monthly payment = 1054.80

5 0

3 years ago

Which of the following is an example of direct labor cost for a cell phone manufacturer? a.salary of plant supervisor b.cost of

insens350 [35]

Answer:

d.cost of wages of assembly worker

Explanation:

The following are not related to cost of producing the cell phone because

a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.

b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.

c.cost of oil lubricants for factory machinery : explanation is the same as in b

d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.

5 0

3 years ago

Improvement Planning is part of the __________ process:

hoa [83]

Improvement Planning is part of the A.) PROJECT MANAGEMENT process.

Project management process includes initiating, planning, executing, controlling, and closing the work of the team to achieve specific goals based on a specific criteria.

Improvement planning is in the latter part of the project management process wherein it is done after feedback from initial execution is given.

4 0

3 years ago

Ajax Corp.'s sales last year were $435,000; its operating costs were $362,500; and its interest charges were $12,500. What was t

diamong [38]

its operating costs were $362,500

<h3>What is operating costs?</h3>

Operating costs, also known as operational costs, are expenses related to the operation of a business or a device, component, piece of equipment, or facility. They are the expenses incurred by an organization in order to continue to exist.

The ongoing expenses incurred from the normal day-to-day operations of a business are referred to as operating costs. Operating expenses include both costs of goods sold (COGS) and other operating expenses, which are commonly referred to as selling, general, and administrative (SG&A) expenses.

An operating expense is a cost incurred by a company as a result of its normal business operations. Operating expenses, also known as OPEX, include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds set aside for research and development.

To know more about operating costs follow the link:

brainly.com/question/14697297

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7 0

1 year ago

Internal factors that affect pricing include __________.

Vikki [24]

B) the company's overall marketing strategy, objectives, marketing mix

There can also be other internal organizational factors that affect pricing but these are the main components.

3 0

3 years ago