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ANEK [815]
3 years ago
14

Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month an

d the card charges 18 percent APR (compounded monthly), how long will it take him to pay off the debt
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

47 months

Explanation:

This can be calculated using a financial calculator :

I = 18% / 12 = 1.50%

PV = -5000

PMT = 150

FV = 0

N = 47 months

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frozen [14]

A.

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5 0
3 years ago
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During its first year of operations, Silverman Company paid $12,385 for direct materials and $10,600 for production workers' wag
Bingel [31]

Answer:

Finished goods inventory final balance= 12, 495

Explanation:

PRODUCTION COST COMPONENTS

  • Direct materials 12,385  
  • Direct work 10,600  
  • Lease and utilities 9,600

TOTAL PRODUCTION COST = 32,585

TOTAL UNITS PRODUCED = 6,650

UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9  

FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250

FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495

4 0
3 years ago
During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually
Oliga [24]

Answer:

a

Explanation:

this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons

4 0
3 years ago
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software
tino4ka555 [31]

Answer:$4650

Explanation:

The cost that is recoverable is $30 per hour that was agreed as the hour to be spent in learning the soft ware. The sunk cost it's an irrecoverable cost that does influence decision making. When the agreed leaning cost of $30 per hr for 45hr of $1350 is deducted from the asking price of $6000 we have the $4650

6 0
3 years ago
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Tomtit [17]

Answer:

social responsibility initiative

Explanation:

Based on the information provided within the question it can be said that in this scenario this is an example of a social responsibility initiative. This term refers to when companies take the initiative in order to create something that better helps society as a whole or the planet. Which Google seems to be doing both in this scenario, by providing free charging stations and lowering the worlds carbon emission.

7 0
3 years ago
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