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4 years ago

What is an appropriate budgeting question

1 answer:

8 0

1. What are my goals?
2. How much do I need to save?
3. What are my expenses?
4. How will I stay on track?
5. How can I include unexpected expenses?
Pick whichever you'd like :)

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Jennifer is leasing a car from a local auto retailer. The terms of the lease include a 9% interest rate for 36 months with a res

uysha [10]

Answer: $312.06

Explanation:

We are given that :

MSRP = $17500 , time = 36 months , interest rate = 9% , residual value = 57%

Exact residual value = 57% of 17,500 = $9975

Also, we know Money factor = rate ÷ 2400

money factor = 0.00375

Step 1 : To calculate monthly depreciation by using the formula :

Monthly Depreciation: MSRP-RESIDUAL VALUE / No. of MONTHS

17500-9975 / 36 = $209.03

Step 2 : To calculate monthly financial charge by using the formula :-

Monthly financial charge=( MSRP + RESIDUAL VALUE) . MONEY FACTOR.

Monthly financial charge = (17500+ 9975) . 0.00375= $103.031 25

Step 3 : To calculate lease amount by using the formula :

Lease payment = Depreciation + Financial charge

Lease payment = 209.03 + 103.031 25= 312.06

So, the approximate lease payment is $312.06

5 0

3 years ago

Jesse wants my thoughts on how we can use prototyping for tims. she also wants me to prepare a system requirements document and

svp [43]

When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.

4 0

3 years ago

An organization that creates many products with similar characteristics, using assembly lines would most likely be categorized a

Kisachek [45]

Answer:

Continuous manufacturing organisation

Explanation:

Continuous production uses a production plant to manufacture a product continuously. It is also called continuous flow.

This is so called because the materials inputted in the production process is in continuous motion as it moves through the production line.

The products tend to be similar or standardised with no distinguishing features. For example cement, fertiliser, and sugar

6 0

3 years ago

What should the manager know about foodservice equipment safety?

Jet001 [13]

Your answer is B, <span>If approved by the NSF, it will have a mark to indicate that endorsement.</span>

4 0

4 years ago

The bank statement contained two bank memoranda:1. A credit of $2,242.00 for the collection for Bogalusa Company of an electroni

serious [3.7K]

Answer:

Cash 2,157 debit

bank service expense 85 debit

account receivables 2,242 credit

Explanation:

To record the bank memorand:

The collection in behalf of the firm will increase cash

The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.

Net cash variation: 2,242 - 85 = 2,157

For the Company errors another entry will be made looking for errors between our numebrs and the bank.

5 0

4 years ago