Based on the information given, it should be noted that Carmen should take out a loan with a loan of 5 years period.
<h3>
What loan option should be chosen?</h3>
It should be noted that in the cost and benefits analysis, it would be better to take out the shorter loan period because the automobile price decreases in the following year after it has been bought.
However, in this case, Carmen will not be able to fulfill the 4-year loan payment for each month, because the average auto loan interest rate for a person with a 620 credit score is 9.48%.
Therefore, it would be a safe decision to choose the 5-year loan because Carmen will still be able to pay the loan interest.
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<u>Calculations of Net Income for the period (Assuming the Accrual Method of accounting):</u>
It is given that Revenue on account amounted to $4,400. Expenses for the period were $2,300.
The Net income for the period using the Accrual Method of accounting can be calculated with the help of following formula;
Net Income = Sales Revenue – Expenses
= 4400-2300
= 2100
Hence, the net income for the period is <u>$2,100</u>
Answer:
Selling price= $10,632
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (307,200/48,000) + 2.8
Predetermined manufacturing overhead rate= $9.2 per direct labor hour
Job X941:
Total direct labor-hours 300
Direct materials $ 600
Direct labor cost $ 5,500
<u>Now, we can determine the total cost of Job X941:</u>
Total cost= 600 + 5,500 + 300*9.2
Total cost= $8,860
<u>Finally, the selling price:</u>
Selling price= 8,860*1.2
Selling price= $10,632
The South African Mining Industry is very crucial to it's economy. Transnet is one of it's major players. Given that it had a set budget for the 2021/22 financial year, much of which was supposed to be financed by the mining sector, unfortunately, the sector delivered a shortfall.
If Transnet had performed on its nameplate capacity of 78 million tons rather than the 58 million tons delivered in 2021, the industry would have gained R32 billion in revenue. The sector lost R16 billion in sales by failing to meet its objective of 68 million tons.
Because of the above shortfall, assuming current market prices, more than a third of the R140 billion in tax scheduled to be paid from all South African mining firms.
<h3>
Who is Transnet?</h3>
Transnet SOC Ltd is a significant South African rail, port, and pipeline corporation located in Johannesburg's Carlton Centre.
It was established as a limited business on April 1, 1990. The South African government's Department of Public Enterprises, or DPE, owns the majority of the company's equity.
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