The total finance charge of the Tamora is rounding off and approx to $3,403. 53.
The given information:
Principal = 10,675
Interest rate = 4.75% per year compounded monthly.
An additional $939.25 was paid in service charges.
Computation of the Total Amount of Tamora:
The charge is very close to the amount of $3,403. 53 and therefore, the correct option is c.
To know more about the calculation of the finance charge, refer to the link below:
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Answer:
The answer is: Gintzler will win because consideration existed between both parties.
Explanation:
Consideration in a contract means: the benefit each party gets (or expects) from the contract deal. Every valid contract needs consideration. For example: McDonald's receives your money and you get a Happy Meal.
In order for consideration to "exist" in a contract, the parties involved must make a change in their "position": McDonald's earns a profit and gets richer, and you are not hungry anymore.
Consideration usually comes from:
- a promise to do something (that you are not legally obligated to do), or
- a promise not to do something that you would have the right to do (in this case not filing a lawsuit)
Answer:
Total cost= $172
Explanation:
Giving the following information:
guest check-in= $8 per guest check-in
room cleaning= $20 per room
meal service= $4 per served meal
Julie Washington visited the hotel for a 7-night stay. Julie had 6 meals in the hotel during the visit.
<u>To calculate the total cost, we need to use the following formula:</u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
<u></u>
guest check-in= 8*1= 8
room cleaning= 20*7= 140
meal service= 4*6= 24
Total cost= $172