If the number is 12,759 and they ask to round to the nearest 10,000 then you look at the thousands place (where the 2 is) and is its less than 5 round down and if its more round up. so the answer would be 10,000
Answer:
The amount of interest revenue that should be reported in the first year is: $3,400
Explanation:
Jovel Company loaned another company $170,000 at a 12.0% interest rate.
Interest amount per year = $170,000 x 12.0% = $20,400
Interest amount per month = $20,400/12 = $1,700
From November 1 to December 31, Jovel Company has loaned the another company for 2 months.
The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year:
$1,700 x 2 = $3,400
Answer:
false
it can increase instead of decreasing
Answer:
Competitive Advantage
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question Gamma Manufacturing has a Competitive Advantage over its competition. A Competitive advantage is formally defined as the ability of an organization to produce goods or services more effectively than their competitors, therefore outperforming those same competitors in a certain market.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Let x = the price of the car that Olivia can afford.
Down payment = $2,500
Remaining amount to be financed is P = x - 2500.
Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A = $185*48 = $8,880
The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4 years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.
Answer: $9,802.63
