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djyliett [7]
3 years ago
8

David Nason purchased a recreational vehicle for $25,000. David went to City Bank to finance the purchase. The bank required tha

t David make a 10% down payment and monthly payments of $571.50 for 4 years. Find (a) the amount financed, (b) the finance charge, and (c) the deferred payment that David paid.
Business
1 answer:
Degger [83]3 years ago
5 0

Answer:

a) $22,500

b) $  4,932

c) david deferred the 22,500 dollars of the car in four years

Explanation:

a) ammount financed: principal less down payment

25,000 less 10% down payment:

25,000 - 2,500 = 22,500 amount financed

b) finance charge would be the interest paid by David

which is the difference between the amount financed and the total payment made by david

571.50 monthly payment x 12 month per year x 4 years = 27,432

27,432 - 22,500 = 4,932

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a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%
bogdanovich [222]

Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.

<h3>What will Zobart receive?</h3>

The amount that Zobart will receive can be found by the formula:

= (Deficit x percentage in partnership/ 75%) + Capital account balance

Solving for the amount going to Zobart gives:

= (14,000 x 35%/75%) + 22,000

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In conclusion, the amount to Zobart is $15,467.

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Which of the following is NOT an example of fixed expenses?
brilliants [131]

Answer:

A.

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Explanation:

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drek231 [11]

Answer:

A. ERP

B. RFID

C. Barcodes

D. E-business

E. EDI

Explanation:

Here is the complete question :

Match the following functions with their descriptions.

(E-Business, EDI, Bar Codes, ERP, RFID)

A. It allows companies to organize and share information

B. It provides instantaneous tracking by containing identifying information

C. It provides complete visibility of product location

D. Provides access to global markets, suppliers and distribution channels

E. It enables exchange of documents in a standard format

Enterprise resource planning (ERP) is a software used to organise a business core processes

Electronic Data Interchange (EDI) is used to exchange business documents in a standardised format electronically

Types of EDI

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  3. Web EDI
  4. Mobile EDI

Advantages of EDI

  1. It increases business efficiency
  2. It reduces operating costs

Disadvantages of EDI

  1. Initial setup cost is usually quite high

Radio-frequency identification (RFID) is used to identify and track tags that are attached to items

Barcodes are used as a means of identification of a product. They can identify the country a product is manufactured.

Electronic business (E-business) has accelerated the rate of global integration. It has increased the access to global markets, suppliers and distribution channels.

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Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run.


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