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
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

You might be interested in
replacement of skilled workers with machines that can do the job more efficiently is called what? a. deskilling b. downsizing c.
ASHA 777 [7]
The correct answer is A. deskilling

Deskilling is a process in which skilled workers are replaced by technological advancements which make the worker obsolete.
5 0
3 years ago
Read 2 more answers
The Brisbane Manufacturing Company produces a single model of a CD player. Each player is sold for $182 with a resulting contrib
k0ka [10]

Answer:

Year 3 cashflow:

current system: 243,360

alternative system: 102,240

Present cost:

current system PV -$971,665.9146

alternative system PV  -$1,075,964.17

Explanation:

<u>Current Scenario:</u>

42,000 inspection cost

<u>Repairs:</u>

1,520 identified x  $75 = 114,000

<u>Refunds:</u>

480 units x $182 = 87,360

Total yearly cost: 243,360

PV of an annuity of $243,360 during 5 years:

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 243,360

time 5

rate 0.08

243360 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $971,665.9146  

<u>New Scenario:</u>

Inspection cost: $42,000  + $25,000 = $77,000

Repair cost: 350 units x $41 = $14,320

Refunds: 50 units x $182 x 120% = $10,920

Total yearly cost: $102,240

F0 cost:

470,000 workers trainings

210,000 purchase cost

Total F0 cost: 680,000

Present Value of Annuity  

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\  

C 102,240

time 5

rate 0.08

102240 \times \displaystyle \frac{1-(1+0.08)^{-5} }{0.08} = PV\\  

PV $408,214.6742  

PV of residual value:

PRESENT VALUE OF LUMP SUM  

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  18,000.00

time   5.00  

rate  0.08

\frac{18000}{(1 + 0.08)^{5} } = PV  

PV   12,250.50  

Net present value:

- 680,000 -408,214.67 + 12,250.50 = 1,075,964.17

4 0
2 years ago
Delta cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. the earnings per share are $1.34. the fi
Goryan [66]

After the dividend, the firm's:

a. book value per share will be $6.31.

b. price-earnings ratio will be 13.88.

c. shareholder value per share will be $18.60.

d. stock price will be $19.00.

e. earnings per share will be $.94.

The answer is : b

We calculate the ex-dividend price of a share on the day dividend is paid as follows:

Ex-dividend Price = Share price before dividend - dividend paid per share

Ex-dividend price = $18.6 ($19 - $0.40)

We can use this ex-dividend price to calculate the company's P/E ratio after dividend.

P/E = $18.6/$1.34 = 13.88059

8 0
2 years ago
Which of the following factors can impede decision making in an incident?
Dahasolnce [82]
the answer is C. fatigue and stress

The productivity of our mind and body go hand in hand. If one of them doens't function well, it will affect the other.

If our body and our mind is under a lot of pressure, we simply can't make the best decisions
6 0
3 years ago
Read 2 more answers
Because Maya knows that the most important part of an e-mail message is the subject line, she should:
ad-work [718]
The answer is B, and the subject line has to be short and cohesive with the subject of the whole e-mail.
8 0
3 years ago
Other questions:
  • John, a line supervisor, has decided to increase Kerry's responsibilities by delegating more work to her station. what is the fi
    12·1 answer
  • To make bond purchases, the Fed gets the money __________. Select the correct answer below: exclusively from proceeds it has rec
    9·1 answer
  • Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor
    9·1 answer
  • What is the current standard used in law enforcement for compressing fingerprint images?
    12·1 answer
  • A contract in which a buyer takes goods primarily for resale, with a right to return any goods that fail to sell, is a sale on a
    7·1 answer
  • Which of the following is not an example of income? wages food tips allowance.
    8·2 answers
  • Linda has signed a two-year long contract with HNS Inc., a clothing retail store, to work as a sales trainee. Linda’s parents ar
    12·2 answers
  • Training programs which incorporate a variety of delivery modes and techniques tend to be particularly effective because trainee
    7·1 answer
  • Their installation fee is waived since I'm a current customer (now you know I made this up) but has a monthly fee of $60. Then I
    15·1 answer
  • The difference between a company's strategy and a company's business model is that.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!