Ask question

Ask question

All categories

3 years ago

9

Lydia finds a car that costs $13,000, and she has $2,500 saved for a down payment. If she qualifies for a 5% interest rate, how

much will the interest be calculated on?
Select the best answer from the choices provided.

$10,500

$13,000

$15,500

$12,000

1 answer:

Debora [2.8K]3 years ago

5 0

15,500 is the answer

You might be interested in

Millions of software programs have been created and have helped to improve the economy.

tester [92]

Where is the question? Thanks.

4 0

3 years ago

Presented below are certain account balances of Martinez Products Co.

Zepler [3.9K]

Answer:

a. Total net revenue:

= Sales revenue - Sales discounts - Sales returns + Rent revenue + Dividend revenue

= 410,000 - 7,930 - 12,560 + 6,610 + 71,490

= $467,610

b. Net income:

= Total net revenue - Cost of goods sold - Interest expense - selling expenses - income tax expense - administrative expenses

= 467,610 - 179,854 - 13,420 - 99,440 - 28,935 - 75,280

= $70,681

c. Dividends declared:

= Beginning Retained earnings + Net income - Ending Retained earnings

= 114,500 + 70,681 - 134,260

= $50,921

d. Income attributable to controlling shareholders:

= Net income - non-controlling interest:

= 70,681 - 19,240

= $51,441

4 0

3 years ago

Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy

Arlecino [84]

Answer:

Situational actions on SWOT of a business

Explanation:

<u>Strengths</u>

You have especially good relationships with many suppliers due to your years in business and your success.

You have developed a software system that makes online orders extremely easy.

<u>Weaknesses</u>

You are dependent upon a few artists to keep you in stock.

<u>Opportunities</u>

Your business is in a location that is easy to get into and out of.

The highway that they have been talking about for years is finally being built.

Two new hotels are scheduled for opening next year.

<u>Threats</u>

It is difficult to hire workers with retail experience in the area.

The price of gas goes up.

Wal-Mart moves into a town a few miles away.

The Post Office decides to cut deliveries on Saturday.

Another gift shop may open next door.

Three marketing actions to ensure the success of the shop and why it will work include:

1. Expand your advertisement outreach for experienced retail workers beyond your location, with motivational packages and incentives. Alternatively, get workers around your location and train them to acquire the required retail experience for the job

2. With increase in the price of gas which affects your profit margin, and taking into cognizance your strength in cusstomer relationship, endeavour to increase your product and service outreach and turnover to mitigate for the addition expenses.

3. With the arrival of Wal-Mart as competitor, you will need to maintain consistency in products and services, as well as offer promotional packages

4 0

3 years ago

Total assets were $78,000 and total liabilities were $42,000 at the beginning of the year. Net income for the year was $15,500,

Vaselesa [24]

Answer:

$46,500

Explanation:

Accounting equation is stated as :

Assets = Equity + Liabilities

therefore,

Equity = Assets - Liabilities

Equity at Beginning of the Period :

Equity = Assets - Liabilities

= $78,000 - $42,000

= $36,000

Equity at end of the Period

Closing Equity Balance = Opening Balance + Net Income - Dividends

= $36,000 + $15,500 - $5,000

= $46,500

6 0

3 years ago

Ayayai Corp. sells merchandise on account for $2100 to Marigold Company with credit terms of 2/9, n/30. Marigold Company returns

Lisa [10]

Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be <u>$1,960.</u>

<h3>What would be the check amount?</h3>

The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.

The amount they will pay for settling their debt in that time is therefore:

= (Amount - Returns ) x ( 1 - discount)

= (2,100 - 100) x ( 1 - 2%)

= $1,960

Find out more on discount periods at brainly.com/question/2192821.

4 0

2 years ago