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storchak [24]
3 years ago
14

Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan of

fers no payments for the first 11 months, how many payments will Colton be required to make?
Business
2 answers:
GREYUIT [131]3 years ago
8 0

Answer:

the right APEX answer is 25

sashaice [31]3 years ago
4 0
Given:
3 year loan
$2,075 loan amount
10.7% Loan APR
*no payment for the first 11 months.

3 years is equivalent to 36 months. 
36 months - 11 months = 25 months.

Colton must make 25 monthly payments to pay off his loan. 

Usually, businesses can give this kind of promo because the interest in the months of no payments have already been added in the list price of the product. Thus, ensuring that the company will always profit from this promotion.
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2 years ago
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According to AAA the average monthly maintenance cost on a used car is $75 per month. You are looking to pay cash for the exact
Colt1911 [192]

Answer:

Dealer "B"  at $5,595.00

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Comparison of cost charges for dealer A and dealer B will have to include the one-year maintenance offered by dealer B.

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5 0
3 years ago
Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transa
sweet-ann [11.9K]

Answer:

Explanation:

Net income is the summation of all revenue generated substracted from all costs such as tax, interest and others it is the profit made.

Cash flow is the amount that the producer needed to spend when stating an accounting section romove from amount needed at the end of that accounting section.

Whenever transactions are carried out,

Cash flow and net income can be affected in ways that are not the same, once goods is sold the net income is noted by the manufacturer, let say he sell goods of $400 to a retailer if the retailer doesn't pay instantly, it mean the manufacturer has $400 cash less.i.e net income

a. Purchased $125 of supplies for cash.

Answer:

✓There is decrease in cash by $125

✓There is no change as far as Net Income is concerned here.

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Answer:

✓There is No change to Cash here,

✓The net income is is decreased by $45.

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Answer:

✓ There is Cash increase, by. $850 ,

✓ There is No change to Net Income

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$610

6 0
3 years ago
EB15.
Tems11 [23]

Answer:

Cost per unit under variable costing                               $

Direct material                                                                 110

Direct labour                                                                    150

Variable manufacturing overhead                                 <u> 75 </u>

Cost per unit                                                                   <u>335 </u>

<u />

Cost per unit under absorption costing                         $

Direct material                                                                 110

Direct labour                                                                    150

Variable manufacturing overhead                                  75    

Fixed manufacturing overhead ($2,700,000/90,000)  <u>30</u>        

Cost per unit                                                                   <u>365</u>

Explanation:

In variable costing, cost per unit is calculated by the addition of all variable costs while in absorption costing, fixed manufacturing overhead      application rate is added to the variable costs in order to obtain the cost per unit.

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Drupady [299]
To answer the question above as to Jean's explanation on Say's Law or The Law of Market.. I agree that "if there is a surplus of goods, there must be unmet of demand for others". Jean's explanation is more of a Capitalist style of management. 
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