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meriva
4 years ago
14

Rhonda plans to buy an $85 Father's Day present for her father, and the holiday falls on the third Sunday of June. She can affor

d to put it on layaway with a 20% down payment and $8 a month after that. If payments are due at the beginning of each month, when should Rhonda make her first monthly payment?
Business
1 answer:
statuscvo [17]4 years ago
6 0

Answer:

October 1

Explanation:

Layaways are like reverse credit card shopping. In a layaway the customer pays for the product first (in installments) and then they can take it home.

Total price = $85

down payment = $85 x 20% = $17

remaining amount = $68 / $8 = 8.5 ≈ 9 monthly payments

Rhonda should start to make her first monthly payment in October 1. Her last payment will be due in June.

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For higher levels of management, responsibility accounting reports:
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Answer:

Option A is correct one.

<u>Are more summarised than for lower levels of management</u>

Explanation:

For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>

It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.

5 0
3 years ago
One benefit of attending a technical school program is
photoshop1234 [79]

Answer:

C. lower costs to attend

Explanation:

A technical school is a two year college program in fields like business, engineering, community work, among others. One of the benefits of attending a technical school program is the lower costs to attend compared to a four year college as the programs are shorter which means that the tuition fees are lower.  Also, in most cases, the tuition in a technical school includes all the things that the student will need in the program, for example, books.

8 0
3 years ago
What percentage do real estate investors make on average in total?
AVprozaik [17]
<span>approximately $6,000 annually</span>
4 0
3 years ago
Read 2 more answers
Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in eight years. Similar bonds are yieldi
s2008m [1.1K]

Answer: The coupon rate is 13%

Explanation:

We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.

PV = \frac{FV}{(1+r)^{N} } + A [[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]]

Where,

FV = $1,000

PV = $1,291.31

r = 8%

N = 8 Years

A = Coupon Payment

1291.31 = \frac{1000}{(1+0.08)^{8} } + A [\frac{1-\frac{1}{(1+0.08)^{8} } }{0.08} ]

Solve for A

A = 130.69

The coupon payment is $130

Coupon rate = (Coupon payment / Face value) x 100

                     = \frac{130}{1000} x 100

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7 0
3 years ago
Which of the jobs listed is likely to be the most influenced by creativity and the creative process?A) Warehouse workerB) Progra
umka2103 [35]

Answer:

C) Programmer

Explanation:

Creative process could be regarded as

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✓incubation

✓ illumination

✓ verification (or implementation).

Out of the given options only programming can be regarded as a creative process.

5 0
3 years ago
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