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ivann1987 [24]
3 years ago
15

What happens if you pay off an installment loan early​

Business
1 answer:
Yuliya22 [10]3 years ago
4 0

When you pay off an installment loan early you will save money on interest.

The bank charges an interest rate on money that they loan out. When you pay the loan early you do not have to pay the interest on the money for the amount of time left on the loan.

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On January 1, 2005, Jambon purchased equipment for use in developing a new product. Jambon uses the straight-line depreciation m
notsponge [240]

Answer:

A. The total cost of the equipment.

Explanation:

Even if Jambon has not used the equipment in 2005 because it can only be used for the product that is to be developed in five years, Jambon still had to pay for the full cost of the equipment.

Because the equipment is laying idle, it is not depreciating. Therefore, the expense that Jambon is not incurring, is the depreciation expense associated with this equipment. This depreciation expense will only be seen in five years, when the product it was bought for is finally completed.

8 0
3 years ago
Which of the following is the most accurate statement regarding the federal budget?
hoa [83]
The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and <span>has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.
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4 0
3 years ago
When a company sells multiple products, an increase in total sales always results in an increase in total profits.
nevsk [136]

Hindsight is a wonderful thing in any business, or in life in general. We could make the best business decisions and maximise earnings if we had access to a crystal ball that could tell us exactly how many people would buy our goods.

<h3>What Is Cost-Volume-Profit (CVP) Analysis?</h3>

An approach to determining how changes in variable and fixed expenses impact a company's profit is through cost-volume-profit (CVP) analysis.

Companies can utilise CVP to determine how many units they must sell to attain a specific minimum profit margin or break even (pay all expenditures).

CVP analysis makes a number of presumptions, among them the constancy of the sales price, fixed costs, and variable costs per unit.

Learn more about Cost-Volume-Profit refer:

brainly.com/question/26711135

#SPJ4

5 0
2 years ago
Sam has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
mr Goodwill [35]

Answer:

Sam can easily determine that the Panaview model has a lower price than the Zony model. ⇒ UNIT OF ACCOUNT

Sam saved $30 per week. ⇒ STORE OF VALUE

Sam pays $140 for the Blu-Ray player. ⇒ MEDIUM OF EXCHANGE

Explanation:

The four main functions of money are:

  1. it serves as a unit of account: it provides a common measure of the value of goods and services being exchanged.
  2. it serves as a store of value: money holds its value over time, so it serves as a store of value.
  3. it serves as a medium of exchange: you can use money to purchase goods and services
  4. it serves as a standard of deferred payment: money serves as a way of valuing a debt, so you can acquire goods now and pay for them later.
4 0
3 years ago
In A competitive balance sheet,the ending cash was315000 in 2011 and270000 in 2012 the net increase or decrease is:
tensa zangetsu [6.8K]
Based solely on the ending cash b as landed amount provided, it a year over year decrease of 45,000.
3 0
3 years ago
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