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Solnce55 [7]
2 years ago
10

Serena would like to calculate the total cost of a car loan. She should _____.

Business
2 answers:
Soloha48 [4]2 years ago
4 0
For the answer to the question above asking if Serena would like to calculate the total cost of a car loan. She should calculate the total cost of a car loan. She should multiply the amount of the loan by the APR.
sveta [45]2 years ago
3 0

Answer:

The answer is: the best available option is D) call a bank and talk to a loan officer

Explanation:

The formula for calculating total loan cost is:

total loan cost = <u>    (P x r)   </u>     x  n

                            1 - (1 + r)ⁿ  

Where:

  • r = Monthly interest rate =  yearly interest rate / 12
  • P = Principal  
  • N = Total # of months ( years on the loan x 12)

Option A is directly wrong, option B calculates monthly payments and option C uses the present value formula

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The cost accountants at the Doering Company regressed total overhead costs and direct labor hours for the past 30-months and rep
taurus [48]

Answer:

The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11

Explanation:

In order to calculate the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period we would have to make the following calculation:

Cost for 225 direct labor hours = Intercept + Slope*225

Cost for 225 direct labor hours=$596.36+ ($41.27*225)

Cost for 225 direct labor hours=$9,882.11

The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11

7 0
2 years ago
Once the adjusting entries are posted, the adjusted trial balance is prepared to a. verify that the debits and credits are in ba
lbvjy [14]

Answer:

a. verify that the debits and credits are in balance

Explanation:

A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.

On the other hand, a perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

A journal entry involves the process of keeping the records of business transactions made by an organization.

The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.

In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.

Once the adjusting entries are posted, the adjusted trial balance is prepared to verify that the debits and credits are in balance.

6 0
2 years ago
Import tariffs generally ________ the output of domestic producers of the affected products and also _________ the output of dom
Lady_Fox [76]

Answer:

increase , decrease

Explanation:

Import tariffs are amount levied on the imports of goods. tariffs makes imports more expensive and discourages import.

if an import tariff is in place for a particular good, the import of that good would reduce and this would increase domestic producers to produce more of the good to meet the demand of the good. so output of domestic producers would increase.

Because output is consumed domestically, exports would reduce.

6 0
3 years ago
Under U.S. GAAP, if the carrying value of a fixed asset was $50,000, the undiscounted expected future cash flows was $55,000, th
ira [324]

Answer:

$0

Explanation:

According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.

Amortized Cost / Book value = $50,000

Market Value = $53,000

Discounted Value = $51,000

There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.

7 0
3 years ago
Read 2 more answers
Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl
mr_godi [17]
<span>A great reason to revise her monthly budget is that Christine can adjust her planning to meet her specific goals. While sticking to long term goals may be a good idea for some, if that is not possible adjusting your budget is a good way to keep track of income and expenses and to make sure that you do not spend more than you should.</span>
4 0
3 years ago
Read 2 more answers
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