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Ilya [14]
3 years ago
9

The table shows a schedule of Igor's payment plan for a used car.

Business
1 answer:
Stella [2.4K]3 years ago
6 0

B.  $14,719.80

Is the correct answer because I just took a quiz

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Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the
masya89 [10]

Answer:

Affordable monthly mortgage payment $796

Affordable mortgage amount $119,699

Affordable home purchase price $149,625

Explanation:

1. Calculation for the Affordable monthly mortgage payment

Affordable monthly mortgage payment

=($3,200 x .38) – $185– $235= $751

Affordable monthly mortgage payment=$1,216-$185-$235

Affordable monthly mortgage payment=$796

2. Calculation for the Affordable mortgage amount

Using this formula

Affordable mortgage amount = Affordable payment/ Monthly mortgage factor *1,000

The monthly mortgage factor of a 30-year mortgage at 7% is 6.65.

Let plug in the formula

Hence,

Affordable mortgage amount

796/6.65 x 1000 =

Affordable mortgage amount=119.699×1000

Affordable mortgage amount=$119,699

3. Calculation for affordable home purchase price

Affordable mortgage amount=119.699×1000

Affordable mortgage amount=$119,699

3. Calculation for affordable home purchase price

Affordable home purchase price=119,699/ (1 - .20)

Affordable home purchase pr= $119,699/0.8

Affordable home purchase price=$149,625

Therefore:

Affordable monthly mortgage payment is $796

Affordable mortgage amount is $119,699

Affordable home purchase price is $149,625

5 0
3 years ago
6. For a business that uses the allowance method of accounting for uncollectible receivables: (a) Journalize the entries to reco
Vika [28.1K]

Explanation:

The journal entries are shown below:

1 Bad debt expense $18,000  

              To Allowance for doubtful account  $18,000

(Being the bad debt expense is recorded)

2 Allowance for doubtful account $350  

                             To Accounts receivable  $350

(Being the written off amount is recorded)

3 Accounts receivable $200  

                         To Allowance for doubtful account  $200

[Being account reinstated]  

Cash $200  

               To Accounts receivable  $200

(Being the payment is received)

4 Cash $400  

        Allowance for doubtful account $200  

                         To Accounts receivable  $600

(Being the amount received is recorded)

5 0
3 years ago
On January 1, 2018, Olympic Insurance Company granted 30,000 stock options to certain executives. The options are exercisable no
deff fn [24]

Answer:

The additional information for this question is:

January 1, 2016 $14

December 31, 2016 15

What amount should Olympic recognize as compensation expense for 2016?

The correct answer is $50.000

Explanation:

To find this figure, we take as a reference the price of the fair value of the options that is $ 5 on the grant date, multiplied by the options on the shares totaling $ 30,000. Then, it must be divided between the award period that according to the problem is 3 years (2018-2021). This operation results in a total of $ 50,000 that should be recognized as compensation.

3 0
3 years ago
Significant change in the age structure of a population is one example of the impact of the​ firm's ________.
Margarita [4]
Managing the marketing function should begin with a thorough situation analysis of the firm's internal and external environments, including company strengths, weaknesses, opportunities, and <span>threats. 

Hope this answers the question. Have a nice day.</span>
8 0
3 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o
Savatey [412]

Answer and explanation:

a.

the table below shows the impact of dropping beta product

Loss of Contribution Margin if Beta is Dropped (75,000*64) -$4,800,000

Traceable Fixed Manufacturing Overhead (123,000*33)          $4,059,000

Incremental Contribution Margin from Additional Alpha Sales (15,000*72)

                                                                                                        $1,080,000

Increase in Net Operating Income if Beta is Dropped          $339,000

Notes:

Contribution Margin Per Unit (Beta) = 150 (Selling Price) - 15 (Direct Material) - 28 (Direct Labor) - 20 (Variable Manufacturing Overhead) - 23 (Variable Selling Expenses) = $64 per unit

Contribution Margin Per Unit (Alpha) = 195 (Selling Price) - 40 (Direct Material) - 34 (Direct Labor) - 22 (Variable Manufacturing Overhead) - 27 (Variable Selling Expenses) = $72 per unit

check the attached files for additional details

where 9=b, 10=c, etc

6 0
3 years ago
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