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oksano4ka [1.4K]
3 years ago
13

Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She

paid for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges
Business
1 answer:
Digiron [165]3 years ago
6 0

Answer:

Laptop = $3250

Desktop = $2900

Explanation:

Total finance charge = $398

Laptop cost = 350 + x

Desktop = X

<u>Workings</u>

Finance cost = (7% *X ) + (6% * 350+x ) = 398

0,07 X + 0.06 X + 21 = 398

0.13 X + 21 = 398

0.13 X = 398 -21

0.13 X = 377

Therefore ,X = 377/0.13

=2900

Cost of Desktop = 2900

Cost of Laptop =2900+350 =3,250

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Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds of raw mate
baherus [9]

Answer:

Option (E) is correct.

Explanation:

Production require in pounds = Budgets production in June × pounds of raw material K requires

                                                 = 300 units × 4

                                                 = 1200

Total production require in pound:

= Production require in pounds + Ending inventory × pounds of raw material K requires

= 1200 + (30% × 310 units) × 4

= 1200 + 93 × 4

= 1200 + 372

= 1,572

Budgeted purchases for raw material K for June:

= Total production require in pound - Beginning balance

= 1,572 - 360

= 1,212

5 0
4 years ago
On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $98,000 for $91,035, priced to yield 7%. Int
Anna007 [38]

Answer: $3186

Explanation:

The interest expense that will be recorded on June 30, 2021, the first interest payment date will be calculated as:

= Issue price × Yield price × 1/2

= $91035 × 7% × 1/2

= $91035 × 7/100 × 1/2

= $91035 × 0.07 × 0.5

= $3186

3 0
3 years ago
A value-based pricing strategy most likely begins with ________.
noname [10]
A value-based pricing strategy most likely begins with looking at their customers needs.  

When you have a value-based pricing strategy, you are determining price based on the value you think your good or service will be valued at to the customer.  Retailers can generally sell their items for more than cost of the product if the value is perceived by the customer to be high.
7 0
4 years ago
List the impact of the consumer protection act on businesses
Tom [10]
The Consumer Protection Act is poised to shift the power dynamic towards the customer – and smart businesses can stay ahead of the pack by attending free talks on the new law during the Business Opportunities and Franchise Expo, at the Coca-Cola Dome from 16 to 19 September 2010.

The legislation will have a direct impact on large and small enterprises alike, whether they are in the services, manufacturing, retail, consumer goods or other sectors. The Act has a number of far-reaching implications that savvy businesses should be mindful of.

<span>During the expo, jointly presented by the Thebe Exhibitions and Projects Group (TEPG) and the Eskom Foundation, Tracy Lawler, the Managing Director of 2iC, will be conducting free talks seminars on the Consumer Protection Act (CPA), in partnership with Wilken Duff Attorneys.  

Hoped this helped! 

Happy Studying!

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3 0
3 years ago
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