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Lady bird [3.3K]
3 years ago
8

Ella has an offer to buy an item with a sticker price of $12,300 by paying $420 a month for 36 months. What interest rate is Ell

a being offered?
Business
2 answers:
netineya [11]3 years ago
6 0

Answer:

6.9% APEX

Explanation:

pentagon [3]3 years ago
5 0

Answer:

18.65%

Explanation:

Cost = $12,300

Total Payment = $420 × 36

                        = $15,120

Difference in the cost and payment = $15,120 - $12,300 = $2,820

Interest rate is the ratio of the interest to the original cost of the item.

The interest is the difference between the amount paid and the actual cost.

Interest rate = ($2,820/$15,120) × 100%

= 18.65%

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Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
kakasveta [241]

Answer:

$541 Unfavorable

Explanation:

Flexible budget for food and supplies = Fixed expenses + (Actual activity * Variable cost per tenant day)

Flexible budget for food and supplies = $1,600 + (3,740 * $14.10)

Flexible budget for food and supplies = $1,600 + $52,734

Flexible budget for food and supplies = $54,334

Spending variance = Actual results - Flexible budget

Spending variance = $54,875 - $54,334

Spending variance = $541 Unfavorable

4 0
3 years ago
Bellingham Company produced 4,200 units of product that required 7 standard direct labor hours per unit. The standard variable o
s344n2d4d5 [400]

Answer:

$1,910 unfavorable

Explanation:

The computation of the variable factory overhead controllable variance is shown below:

= Standard variable factory overhead  - Actual variable factory overhead

where,  

Standard variable factory overhead equals to

= 4,200 units ×  7 standard hours per unit × $2.70 per hour

= $79,380

And, the other items values would remain the same

Now put these values to the above formula

So, the value would be equal to

= $79,380 - $77,470

= $1,910 unfavorable

4 0
3 years ago
If you want an indication of the direction a business is​ taking, you would use A. vertical analysis. B. trend percentages. C. b
faust18 [17]

Answer:

B. trend percentages

Explanation:

Based on the information provided within the question it can be said that the the analysis that would best suit this need would be trend percentages. This is an analysis of the business' that shows an individual the changes in the business' finances over a period of time. Thus allowing the individual to see if the business is growing or slowly dying, in other words the direction that the business is taking.

3 0
3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

#SPJ4

The question is incomplete. Your most probably complete question is given below:

State whether true or false.

6 0
2 years ago
A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t
Charra [1.4K]

Answer:651.73

Explanation:

1,000s20|0.07+Xs10|0.07= 50,000. Therefore,X=50,000-1,000s20|s10|=50,000-40,995.4313.81643= 651.73

8 0
3 years ago
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