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labwork [276]
3 years ago
15

Tom Brown decided to purchase a new bike on installment loan the bike was $300 he agreed to pay $30 a month for 12 months what i

s the financial charge in dollars ​
Business
1 answer:
aleksklad [387]3 years ago
6 0

Answer:

$60

Explanation:

A financial charge is the cost of credit. It refers to the fee that one pays for using some credit facility. A financial charge, therefore, is the interest paid on credit granted to a borrower.

In this case: Cost of the Bike was $300

Tom agreed to pay $30 per month for 12 months on installment payment.

The total amount paid:

= $30 x 12

=$360

Original pride of the bike was $300; the financial charge will be

=$360- $300

=$60

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The budget components for Park Company for the quarter ended June 30 appear below. Park sells trash cans for $12 each. Budgeted
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Answer:

$96,000

Explanation:

Production  26,000 units

<u>Materials Purchase Budget</u>

Production Materials Required  (5×26,000 units)     130,000

Add Budgeted Closing Materials (50,000×20%×5)   50,000

Total Materials                                                             180,000

Less Budgeted Opening Inventory (4,000×5)          (20,000)

Budgeted Materials                                                     160,000

Material Cost per pound                                                $0.60

Total Material Cost                                                      $96,000

Therefore, the materials purchases budget will be for the month ending April 30 will be  $96,000.

7 0
3 years ago
Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic
Anvisha [2.4K]

Answer:

Car insurance isn't in place for people who are bad drivers, although I'm sure it helps them too. It's in place for situations you can never predict. Just because you're a good driver doesn't mean the people around you aren't. You have no control of other people's actions, so you might actually need that insurance Sammy.

Explanation:

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6 0
3 years ago
A supply curve shows the relationship between the​ ______ and​ _____ when all other influences on selling plans remain the same.
adelina 88 [10]

Answer:

Price

Quantity supplied

Explanation:

The supply curve plots price on the vertical axis and quantity supplied on the horizontal axis.

The supply curve is upward sloping. This indicates the law of supply which says, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

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A legal firm would be considered a
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A legal firm would be considered a service company because they provide legal services to clients and persons.
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Robert Solis is a salesman in a company that specializes in event management. He uses the Internet to identify potential compani
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Answer:

B

Explanation:

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