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Bess [88]
4 years ago
10

after visiting several automobile dealerships richard selects richard selects the used car he wants he likes it 10,000 price but

finanicing through the dealer is no bargain. he has 2000 cash for a down payment so he needs an 8000 loan in shopping at several banks for an installment loan he learns that interest on most autmobile loan is wuoated at add on rates
Business
1 answer:
Arada [10]4 years ago
5 0

Answer:

<em><u> 21.55%</u></em>

Explanation:

- I = Prt

- I = (8000)(.11)(4) = 3520

- Total Cost = <em>Down Payment + Principal Borrowed + Interest </em>

- Total Cost = 2000 + 8000 + 3520 = 13520

- Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

- Monthly Payment = (8000 + 3520) / 48

- APR= (2 × n × I) / [P × (N + 1)]

- APR = (2 × 12 × 3520) / [8000 × (48+1)] = <em>21.55%</em>

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Impart information and knowledge. A. Students learn on the job. They are given simple arrangements to complete at first and get
Eva8 [605]

Answer:

The answer is A)  to impart information and knowledge, Students learn on the job. They are given simple arrangements to complete at first and get more difficult assignments as they master the earlier ones. Develop analytical and problem-solving skills.

Explanation:

To Impart knowledge to a student which can effect a change in behavior, the introduction of a new information has to be reinforced with practice.

The best description that captures the process that imparts knowledge is when a students

Learns on the Job:

  • with simple arrangements to complete initially
  • additional complex and more difficult tasks
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7 0
3 years ago
The bookkeeper for Sunland Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r
VikaD [51]

Answer:

Explanation:

The adjusting entries are shown below:

A. Interest expense A/c Dr $370

            To Interest Payable            $370

(Being accrued interest adjusted)

B.  Accounts receivable A/c Dr $1,830

         To Service revenue A/c                $1,830

(Being unbilled amount recorded)

C. Salary expense A/c Dr $900

            To Salary Payable            $900

(Being earned salaries are recorded)

8 0
3 years ago
Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
ra1l [238]

Answer: The correct answer is "A. research and development".

Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations​ perform.

Explanation: The basic operating cycle of a company is buy-sell-collect-pay. In some cases, companies can produce the good they sell or directly re-sell it. This implies production, operation and marketing activities to increase sales and for an adequate control of these you need accounting.

Only in particular cases do companies engage in research and development, but it is not something basic.

4 0
4 years ago
Kellogg Co. (K) recently earned a profit of $2.22 earnings per share and has a P/E ratio of 19.35. The dividend has been growing
shutvik [7]

Answer and Explanation:

The computation is shown below:

The following formula should be used

= P/E ratio × EPS × (1 + growth rate)^n umber of years

a. The stock price in four years is

= $19.35 × $2.22 × (1 + .06)^4

= $54.23

b. The stock price in four years in the case when the P/E ratio fall to 16

= $16 × $2.22 × (1 + .06)^4

= $44.84

We simply applied the above formula so that the correct price could come

And, the same is to be considered

7 0
3 years ago
Describe at least three design decisions you could make to create a clear, effective presentation
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Just some ideas :)
7 0
3 years ago
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