1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
3 years ago
14

Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a

t an APR of 12.5%. Determine Teagan's monthly payment. Round your answer to the nearest cent, if necessary. Formulas

Business
1 answer:
sukhopar [10]3 years ago
7 0

Answer:

$78.06

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e. to be shown in the attachment below:

Given that,  

Present value = $1,650

Future value or Face value = $0

RATE = 12.5% ÷ 12 = 1.0416%

NPER = 24 months

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $78.06

You might be interested in
Sudden upswings and downswings produce opportunities for your competitors to steal customers by undercutting price, delivering p
Ierofanga [76]
Well the could put advertisements and coupons in the news papers to get people to know about there company more. or they could invest in other products and hope it helps them to make there business better, they could also read up on books and strategies for company's so they can steal there customers back. Sorry if my answer is all over the place.
8 0
3 years ago
Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will
Studentka2010 [4]

Answer:

<em>Perishable </em>

Explanation:

A perishable products are any <em>goods in which value deteriorates over time due to environmental factors, such as by-products of meat and poultry, fish and seafood, dairy products, fruit and vegetables, plants, pharmaceuticals and chemicals. </em>

These products will likely lose value if not used or sold.

6 0
3 years ago
At December 31, Gill Co. reported accounts receivable of $263,000 and an allowance for uncollectible accounts of $1,000 (credit)
alukav5142 [94]

Answer:

$6,540 is the correct answer.

Explanation:

5 0
3 years ago
The following data are available for Something Strange! Increase in accounts payable $40,000 Increase in bonds payable 100,000 S
uranmaximum [27]

Answer:

Net cash provided by financing activities is $130,000

Explanation:

Increase in bonds Payable  =  $100000

Issuance of Common stock = $60000

Payment of cash dividends  = $30000

Therefore,

Net cash provided by financing activities = Increase in bonds Payable + Issuance of Common stock - Payment of cash dividends

= $100000 +$60000 -$30000

= $130,000

5 0
3 years ago
R. Wilson Corporation commenced operations in early 2020. The corporation incurred $60,000 of costs such as fees to underwriters
miskamm [114]

Answer:

Dr Organization Expense 60,000

Cr Cash 60,000

Explanation:

Based on the information given we were told that the Corporation had commenced operations in early 2020 in which they incurred the amount of $60,000 which means that the journal entries to record the amount of $60,000 expenditure and 2020 amortization, if any will be :

Dr Organization Expense 60,000

Cr Cash 60,000

5 0
3 years ago
Other questions:
  • Assignment Interview five family members or friends. Ask them how many energy drinks they would buy in a seven-day week at these
    12·2 answers
  • QuickBooks Online offers many solutions for categorizing financial transactions. The most common categories used are Chart of Ac
    12·1 answer
  • Julio is the owner of Party Pros, Inc., a party supply company. The company provides tents, tables, chairs, and related products
    7·1 answer
  • The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save
    10·1 answer
  • My Bonnie lass a cosmetic company associates with a perfume brand called lonalove to launch a face powder scented with one of lo
    13·1 answer
  • During the month of June, Betty Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 P
    5·1 answer
  • Determine which statement about the absolute value of the price elasticity of demand is correct. The price elasticity of demand
    11·1 answer
  • On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $17
    9·1 answer
  • Wiley incorporates his business as Wiley Wire Corporation in Texas. He and his group of shareholders intend to make a profit fro
    15·1 answer
  • Country A can produce 10 yards of textiles or 6 pounds of food per unit of input. Compute the opportunity cost of producing one
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!