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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.
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Select the guidelines you should follow when creating a business letter
8090 [49]

Answer:

  • Write clearly and concisely  
  • Use a font, size, and style that is suitable
  • Eliminate mistakes.
  • Remain polite even when dealing with a dispute

Explanation:

Business letters are meant to use formal language because they are to serve as official communication between the parties involved. As such, writing should be clear and concise which means it should be straight to the point.

Use a font, size and style that is suitable and will be taken seriously for instance, Times New Roman and Arial are widely used as they project professionalism. There should be no mistakes which means the letter should be proofread and even when dealing with disputes, politeness should be maintained as emotive writing is not to be featured in formal writing.

5 0
3 years ago
Kingbird Company exchanged equipment used in its manufacturing operations plus $4,200 in cash for similar equipment used in the
Misha Larkins [42]

Answer:

Books of the Kingbird Co.

Date Particular            Debit $               Credit $

Equipment - New (balancing figure) a/c Dr   17,200

Accumulated depreciation (old a/c) Dr         26,600  

To, Equipment - Old                             39,200

To Cash a/c                        4,200

Books of the Oriole Co.

Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000  

Accumulated depreciation a/c Dr    14,000  

Cash a/c Dr                 4,200  

To Equipment - Old a/c          39,200

Explanation:

Books of the Kingbird Co.

Date Particular            Debit $               Credit $

Equipment - New (balancing figure) a/c Dr   17,200

Accumulated depreciation (old a/c) Dr         26,600  

To, Equipment - Old                             39,200

To Cash a/c                        4,200

Books of the Oriole Co.

Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000  

Accumulated depreciation a/c Dr    14,000  

Cash a/c Dr                 4,200  

To Equipment - Old a/c          39,200

5 0
3 years ago
Christian and Monica are married and are both in good health with reasonably secure careers. Christian and Monica have annual in
scZoUnD [109]

Answer:

$81,750

Explanation:

The computation of the amount of total insurance is shown below:

= (Home mortgage loan + car loans + personal debts + credit card loans) ÷ 2  + estimated funeral cost

= ($120,000 + $10,000 + $14,000 + $7,500) ÷ 2 + $6,000

= $75,750 + $6,000

= $81,750

Under the DINK method, we simply half of the items except funeral cost

5 0
3 years ago
The ______technique for group decision making in which discussion is structured and the final solution is decided by silent vote
alukav5142 [94]

Answer:

The correct answer is nominal group technique.

Explanation:

This nominal group technique is a type of brain storming where structured meetings are being held among the members, where they will try to take out the solutions to the problems identified by them, and thus facilitating decision making. The meetings are structured here because the goal is to make sure the meetings are not dominated by few individuals and the silent members also share their thoughts and ideas with the rest of the group.

5 0
3 years ago
During the sales presentation, the prospect interrupted the salesperson’s presentation and said, "Wait a minute.  This looks lik
Hatshy [7]

Answer: Postpone

Explanation:

In marketing, one of the ways to handle an objection is to postpone it until the end of the presentation. In the course of the presentation, the client may think that the project has a certain cost and it will not work or another reason, in this case, postponing it is one of how a person can present their idea until the end, to convince the potential client.

In this case, the seller handled himself well by telling him that the program is cheap and that he will explain the price in a moment, allowing him to express everything related to his program, giving him a chance for prospects they can know the program in its entirety.

3 0
3 years ago
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