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vladimir2022 [97]
3 years ago
13

Amount financed is equal to: Cash price times down payment Cash price plus down payment Cash price minus down payment Cash price

divided by down payment None of these
Business
1 answer:
Nikitich [7]3 years ago
6 0
The answer is Cash Price Minus Down Payment

For Example if you want to Borrow $ 10,000 for Loan, and for that you have to pay for a $500 Down Payment.

The amount financed is 10,000 - 500 = $ 9,500
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You receive​ $100 today,​ $200 in one​ year, and​ $300 in two years. If you deposit these cash flows into an account earning 12​
Lisa [10]

Answer:

$628.49

Explanation:

Cash flows                     Discount factor      Future value

$100                         1.1449                $114.49

$200                         1.07                   $214

$300                          1                        $300

Future value                                                  $628.49

The discount factor is as follows

= (1 + interest rate)^number of years

For $100 the year is 2

For $200 the year is 1

For $300 the year is 0

3 0
3 years ago
The balance in Jahapp Inc.’s Cash account was $6,320 at April 30, 2019 before reconciliation. The April 30, 2019 balance shown i
Citrus2011 [14]

Answer:

$6,240.

Explanation:

                                     Reconciliation Statement

Bank balance before reconciliation                                $4,590

Add: Deposits in transit                                                      2,600

Less: Outstanding Checks                                                  (950)

Reconciled Bank Balance at April 30, 2019                $6,240

Cash balance before reconciliation                               $6,320

Add: Interest Revenue                                                           60

Less: Bank service charges                                                (140)

Reconciled Cash Balance at April 30, 2019               $6,240

<u>Notes</u>

- Deposit in transit and Outstanding checks are already recorded in company's books but not yet recorded with the bank because these checks might have reached bank after working hours. So, we have to update the bank's record.

- We have to update the cash balance with the information that is with the bank and has been provided to us at the period end. This include the interest revenue, already updated in the bank balance, and bank service charges.

7 0
4 years ago
The time between the disabling event and the beginning of payments in your disability coverage is called
balu736 [363]

Answer – Elimination period

 

In insurance, elimination period refers to the time between the disabling event (e.g. the occurrence of an injury or illness) and the beginning of payments in the disability coverage (i.e. when payments of insurance benefits are received from the insurer<span>)</span>

3 0
4 years ago
In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is
Monica [59]

Toyota has one of the finest production system of cars in the world.

It constinuously strives to improve its production lines and waste managements.

The waste and inefficiency are refetrred to as Muda and the company makes ongoing efforts to reduce this is known as Kaizen.

<h3>Muda</h3>

It is a Japanese term which is used for uselessness.  Toyota tries to manage and allocate its resources effectively so that its waste is limited.

<h3>Kaizen</h3>

It is a Japanese term which means continuous improvement.

Toyota follows this technique iin its production so that its allocates optimal resources and produces minimum possible waste which leads to increased profitability.

Learn more Business at brainly.com/question/27383669

8 0
2 years ago
What is the goal of a transnational corporation?
horrorfan [7]
The primary goal of transnational corporations is to offer their services or products across other culture. These corporations usually provided loans to the poorest countries and invest in then in return. Foreign investments create more jobs which help the economy and the people to improve the quality of their lives.

7 0
4 years ago
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