Answer:
$320,244.92
Explanation:
We must first determine the principal of the loan and we can do that by using the present value of an annuity formula:
PV = monthly payment x annuity factor
- monthly payment = $2,356
- PV annuity factor, 360 periods, 0.625% = 143.01763
PV = $2,356 x 143.01763 = $336,950
Once we have calculated the principal, we can prepare an amortization schedule. I used an excel spreadsheet to do it. Four years and 8 months is the same as 56 monthly payments. The principal's balance after the 56th payment is $320,244.92
Answer
A: develop skills that match your areas of interest
The implementation and maintenance of an activity-based costing system may outweigh costs greater than the benefits obtained (option B)
<h3>What is the Activity Based Costing System?</h3>
The ABC (Activity Based Costing) is a model that allows the allocation and distribution of the different indirect costs, according to the activities carried out, since these are the ones that actually generate costs.
This system arises from the need to solve the problem that standard costs normally present, when they do not faithfully reflect the added value chain in the production of a specific product or service, and therefore, it is not possible to adequately determine the price.
According to the above definition, it can be inferred that this costing system is not the most efficient because it can result in implementation and maintenance may outweigh costs over profits or benefits.
Note: This question is incomplete because the options are missing. Here are the options:
- will always be higher than
- may outweigh
- will always be less than
Learn more about Activity Based Costing System in: brainly.com/question/24929506
My Answer: The entry of new firms cause the demand curve of an existing firm in a monopolistically competitive market to shift to the left because each will have a smaller share of the existing market and become more elastic since <span>consumers will have additional choices.
Hope I helped! :D</span>
Answer:
Net operating income= $550
Explanation:
Giving the following information:
Maribel:
Sales= $6,000
Variable cost= $5,900
Contribution margin= $100
Jessica:
Sales= $10,700
Variable cost= $7,100
Contribution margin= $3,600
Timothy:
Sales= $12,350
Variable costs= $12,000
Contribution margin= $350
The total fixed costs for the month amount to $3,500.
Net operating income= contribution margin - fixed costs
Net operating income= (100 + 3,600 + 350) - 3,500= $550
