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leonid [27]
3 years ago
7

You want to buy a car. Your parents will pay for half of the car if you save enough money for the other half. You have chosen th

e car with the best reviews and least miles. If you earn $500 per month, how many months will you have to work to buy your car
Business
1 answer:
Tema [17]3 years ago
4 0

Answer: 12 months

Explanation:

Let's assume I want to get a 2007 Volkswagen Jetta $12,000, which has a very good review. I'll need to save for 12months to get $6000 then add $6000 which would be given to me by my parents, at the end of 12months I would be able to get the 2007 Volkswagen Jetta which goes for $12,000.

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On July 1, Mesa Verde, Inc. purchased a 6-month insurance policy for $12,600. Prepaid Insurance was debited for the entire amoun
Luba_88 [7]

Answer:

Option C.

Dr Insurance Expense $2,100

Cr          Prepaid Insurance $2,100

Explanation:

The initial payment of $12,600 is for 6 months which means monthly charge of insurance is $2,100 ($12,600 / 6 months). The initial prepaid expense was recorded as under:

Dr Prepaid Insurance $2,100

Cr               Cash Account $2,100

At the end of each month, the insurance expense is recognized and the entry is as under:

Dr Insurance Expense $2,100

Cr          Prepaid Insurance $2,100

6 0
3 years ago
Nelson Corporation sells three different products.The following inventory information is available on December 31: Ch6_Q150 Afte
irga5000 [103]

Answer:

$4,300

Explanation:

Calculation for what amount should Nelson report for total ending inventory on its Dec. 31 balance sheet

Total ending inventory=( 200*3.50)+(400*1.50)+ (1,000*3.00)

Total ending inventory=$700+$600+$3,000

Total ending inventory=$4,300

Therefore the amount that Nelson should report for total ending inventory on its Dec. 31 balance sheet will be $4,300

4 0
3 years ago
The purpose of many business messages is to make a request or to reply to previously received communication. Familiarize yoursel
GalinKa [24]

Answer:

1. <em>C. Set an end date to take action in the closing.</em>

<em>2. C. Revision A </em>

<em>3. </em><em><u>supply explanations and additional information</u></em><em>.</em>

<em>4. A. Acknowledge the problem, and let the customer know that the company is working to rectify the situation.</em>

Explanation:

The purpose of many business messages is to make a request or to reply to previously received communication. Familiarize yourself with the organization of these messages so you can communicate your purpose and achieve a positive outcome.

1. Read the scenario. Your manager asks you for advice about a request e-mail she is composing to a customer. What advice would you give?

<em>C. Set an end date to take action in the closing. </em>

<em>The reason is because starting with a deadline would be rude and the date of the deadline should be specific. The requirement of the request should come before the deadline.</em>

<em />

2. Read the following request message.To: Customer Support From: Helen Martin Subject: Warranty Information for Netbook Computer Revision A: 1. Where do I find my warranty information?2. How long does the average netbook repair take?3. Do I need to mail in my netbook for repairs or bring it to your local repair shop?Revision B: 1. Where is my warranty information? B. How long does the average repair take? C. Do I have to mail in my netbook?Revision C: Where do I find the information?How long does it take?Can I take it to my local shop?

Which of the preceding revisions is the best revision for the body of this message?

<em>C. Revision A </em>

<em>Because it is more detailed, specific about the product in repair ''netbook'' and precise on the method of bringing the product for repair.</em>

3. Complete the following sentence with the drop-down menu.Direct response messages might <em><u>supply explanations and additional information</u></em><em>.</em>

<em />

4. Read the scenario: You manage the social media presence of a company that manufactures travel apparel and gear. A customer posts an angry comment about a suitcase that failed to function properly after its first use. This is not the first complaint the product has received. How should you respond to the customer?

<em>A. Acknowledge the problem, and let the customer know that the company is working to rectify the situation.</em>

<em>This is imperative because it is not the first complaint the product has received. Responses and assurance that the problem is being solved will pacify the customer.</em>

5 0
3 years ago
At an inflation rate of 7 percent, the purchasing power of $3 would be cut in half in 10.25 years. how long to the nearest year
lyudmila [28]
The applicable formula is;
A = P(1-r)^n

Where;
A = Final purchasing power
P = Current purchasing power
r = inflation
n = Number of years when P changes to A

Confirming the first claim:
A = 1/2P (to be confirmed)
P = $3
r = 7% = 0.07
n = 10.25 years

Using the formula;
A = 3(1-0.07)^10.25 = 3(0.475) ≈ 3(0.5) = $1.5
And therefore, A = 1/2P after 10.25 years.

Now, give;
P = $9
A = 1/4P = $9/4 = $2.25
r = 6.5% = 0.065
n = ? (nearest year).

Substituting;
2.25 = 9(1-0.065)^n
2.25/9 = (1-0.065)^n
0.25 = (1-0.065)^n
ln (0.25)= n ln(1-0.065)
-1.3863 = -0.0672n
n = (-1.3863)/(-0.0672) = 20.63 years

To nearest year;
n = 21 years

Therefore, it would take approximately 21 years fro purchasing power to reduce by 4. That is, from $9 to $2.25.
7 0
3 years ago
Merritt Equipment Company sells computers for $1,500 each and also gives each customer a 2-year warranty that requires the compa
FromTheMoon [43]
Yu times it and you will get your answer
3 0
3 years ago
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