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Umnica [9.8K]
4 years ago
7

Let's assume that a carpenter borrowed ​$2 comma 000 to be paid off in a year to finance a machine that would make him work fast

er. As a​ result, he is able to take on more projects and collect ​$400 more earnings in the first​ year, after paying off the principal of ​$2 comma 000. ​However, there is a 12​% rental fee​ (interest) on his loan that he also has to pay off. The carpenter earned an extra ​$ nothing in the first year. ​(Round your response to the nearest​ dollar)
Business
1 answer:
Savatey [412]4 years ago
6 0

Answer:

The carpenter earned an extra ​$ nothing in the first year.

$160

Explanation:

Loan 2000

% interest 12%

 

FV=C*(1+I)  

FV=2000*(1+12%)  

 

FV=2000*1,12  

 

FV=2240  

 

Loan = 2000  

Interest=240  

Earn=400  

 

Extra earning=400-240  

Extra earning=160  

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Answer: $305

Explanation:

The avoidable production cost for Chris to produce one mini long board goes thus:

Unit Level Cost = $280

Add: Product Level Cost = $25,000 / 1000 units = $25

Then, the avoidable cost to produce one unit will be:

= $280 + $25

= $305

6 0
3 years ago
Shoshanna, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent o
Citrus2011 [14]

Answer:

C. Ethical Standards

Explanation:

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3 years ago
Sherriane Baby Products’ salaries expense was $15.1 million. Required: What is the amount of cash Sherriane paid to employees du
beks73 [17]

Answer:

Summary entry is shown below

Explanation:

The preparation of the summary entry is shown below

Salary expense $15.1 million

     To Cash $9.4 million

     To Salary payable $5.7 million

(Being the salary expense is recorded)

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6 0
4 years ago
The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

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∴ Monthly depreciation expense= $ 727.77

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∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
4 years ago
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The husbands? since the store is near to asport bar and hardware store (which i assume are the places full of men customer), those guys might wanna buy cute jewellery for their cute wives
4 0
3 years ago
Read 2 more answers
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