1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zaharov [31]
3 years ago
6

Your business plan calls for utilizing a computerized lathe. The lathe costs $12,000. If you borrow the money to buy it, you wil

l pay 6% interest per year on the borrowing. How much will the interest be in the first year?
Business
1 answer:
OLEGan [10]3 years ago
3 0
If you borrow $12,000 at the interest rate of 6% for 1 year.
you monthly payments add up to $1,032.80 the total of 12 payments add up $ 12,393.57
a total interest rate price comes out to $393.93
this means that it went up 3% in one year.
You might be interested in
On April 30, Gomez Services had an Accounts Receivable balance of $31,200. During the month of May, total credits to Accounts Re
Kazeer [188]

Answer:

What was the amount of credit sales during May? $ 60200

Explanation:

                                  April Deb         Cre           May

Account receivable 31200          66400 25000

                                31200 60200 66400 25000

Credit 66400 +

may-31 25000 +

apri-30 -31200 -

       = 60200  

5 0
3 years ago
Workers in europe get approximately ______ weeks of vacation a year, whereas workers in the united states average approximately
kupik [55]
In Europe, here are 22 paid vacation days and 13 paid when on holidays. Summing up, that could be a total of 4 weeks of vacation. While on the other hand, the United States as only 16 vacation days, both paid and unpaid, and that could be a total of around 2 weeks of vacation only.
5 0
3 years ago
When recording depreciation, which of the following statements is true?
professor190 [17]

Answer:

D. None of the above are true.

Explanation:

As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account

In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased

whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount

The journal entry is shown below for better understanding

Depreciation Expense A/c XXXXX

To Accumulated Depreciation XXXXX

(Being depreciation expense is recorded)

5 0
3 years ago
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as
maxonik [38]
The account titles for transaction (C) 5/4 should appear in the Account Title column of the journal entry as s<span>upplies Cash

Hope this helps!!</span>
7 0
3 years ago
Demonstrate how workplace discrimination undermines organizational effectiveness.
snow_lady [41]

Answer:

Workplace discrimination prevents the firm from using the full potential of those employees that are being discriminated against.

Explanation:

For example, if the firm discriminates against a specific group of people when hiring (for example, it can discriminate against older people), the firm could lose valuable potential employees that could have provided great skill and experience for the firm.

If the firm practices discrimination against employees, the operation in the company will not be as streamlined as it could be against discrimination because those who are being treated poorly will be less motivated and have lesser output.

6 0
3 years ago
Other questions:
  • Holly owns a dance studio. To improve sales of dance classes, she is reviewing how her marketing team could update the company's
    12·1 answer
  • Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors send out an email cont
    15·1 answer
  • Knowledge Check 01 Product A Product B Selling price per unit$20 $15 Variable cost per unit 12 9 Contribution margin per unit$8
    8·1 answer
  • A customer redeems 1,000 shares of ABC Fund on Wednesday, June 14th. Under the provisions of the Investment Company Act of 1940,
    12·1 answer
  • You want to create a purchase order for a valuated material. which views in the material master record must be available as a mi
    11·1 answer
  • The distinction between fundamental and particular risks is important because a. normally only particular risks are insurable. b
    5·1 answer
  • Aubree Blake is a politician who leads campaigns for organic foods in the rural counties of her country. Several farmers in diff
    11·1 answer
  • Producer surplus is
    11·1 answer
  • an increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?
    14·1 answer
  • A(n) ________ change involves introducing a practice that is new to the industry, such as using drones (rather than delivery tru
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!