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lilavasa [31]
3 years ago
15

Mia Lane bought a high-definition television for $7,500. Based on her income, she could afford to pay back only $600 per month.

There is 1 ½% monthly interest charge on the unpaid balance. The U.S. Rule is used in the calculation. At the end of month 1, the balance outstanding is:

Business
1 answer:
lina2011 [118]3 years ago
6 0

Answer:

$ 7,012.50

Explanation:

Please see attachment

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Which of the following ratios indicates the percentage of each sales dollar that is available to cover fixed costs and to provid
tigry1 [53]

Answer:

The correct answer is the option A: Margin of safety ratio.

Explanation:

To begin with, the name of <em>"Margin of Safety"</em>, in the field of business and accounting, is refered to a ratio whose main purpose is to establish the point in where the company knows that it has to sale obligately due to the fact that at that point the company can be sure that they have covered the fixed costs of it and after that point every sale will became a profit for the company. So that is why that this ratio indicates the percentage of each sales dollar that is available to cover those costs.

8 0
3 years ago
Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month (including principal and
Katena32 [7]

Answer:

First payment=$149,950.50

Second payment=$149,901

Explanation:

Annual amount of interest paid=$150,000×7.5%

=$150,000×0.075

=$11,250 per annum

monthly interest= annual interest /12

=$11,250/12

=$937.50

As given,

Principal & interest payment=$987

Monthly principal payment= principal & interest payment - monthly interest

=$987-$937.50

=$49.50

First month payment= original loan - monthly principal payment

=$150,000-$49.50

=$149,950.50

Second month payment= first month payment- monthly principal payment

=$149,950.50-$49.50

=$149,901

8 0
3 years ago
Freer trade, advances in information technology, and more global customers are pressuring many large global companies to:
Volgvan

Firms are often involve in different kinds of trade. Freer trade, advances in information technology, and more global customers are pressuring many large global companies to shift from functional structures to geographically based divisionalized structures.

There are great advances in information technology (IT). Firms often get benefits of free trade in IT as they are able to expand their business into other different new areas with less effective charges.

FTA is known to be very good to optimal sharing of resources in the region as it helps to boast the efficiency of economic activities and also increase the stock of a country's technology.

Learn more about trade from

brainly.com/question/3520350

7 0
2 years ago
1. Sid bought a new $1,500,000 seven-year class asset on August 2, 2020. On December 2, 2020, he purchased $900,000 of used five
egoroff_w [7]

Answer:

Total cost recovery deduction = 1251450

Explanation:

Given the seven-year class asset bought by the Sid = $1500000

On 2nd December the five-year class asset bought = $900000

Now we have to find the cost recovery deduction for 2020.

900000/(900000 + 1500000) = 37.5% Thus, use half-year convention and avoid mid quarter

1500000 – 1,000,000 (Sec 179 limit) = 500000

500000 x 14.29% = 71450

900,000 x 20% = 180,000

1,000,000 + 71450 + 180,000

Cost recovery for 7 year asset = 1,071450

Cost recovery 5  year asset = 180000

Total cost recovery deduction = 1251450

7 0
3 years ago
​age, personality, buying​ style, and job position are​ __________ factors that can influence the business buying decision proce
Akimi4 [234]

The answer is "Individual".<span>

<span>Each of these mentioned factors with few variations will influence the business buying decision process. One or more changes in these might lead to a different result. These factors can also operate in different ways varying from person to another person.</span></span>

4 0
3 years ago
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