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2 years ago

11

If you have a fixed rate loan for three years with monthly installments, what equation will best allow you to calculate the full

repayment cost of your loan

1 answer:

Ilya [14]2 years ago

6 0

Answer:

A(1-(1+r)^-n)÷r

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Epicure Market prepares fresh gourmet entrees each day. On Wednesday, 80 baked chicken dinners were made at a cost of $3.50 each

jenyasd209 [6]

Answer:

The price of a Dinner= $6.22

Explanation:

<em>Mark-up is the proportion of the product cost which is expected to be made as profit. In other words, it is profit expressed as a percentage of product cost.</em>

To account for the spoilage rate of 10%, $3.50 unit cost would be consider as 90% of the cost. Thus, 100% of the cost would be given as follows:

Dinner cost = 100/(100-10)× 3.50= 3.89

The price of a Dinner = product cost + 60% of product cost

The price of a Dinner = 3.89 + 60%*3.89= $6.22

The price of a Dinner= $6.22

6 0

3 years ago

Max and maddy charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, seven people

guapka [62]

Answer: c. They would do better charging $15 than $10.

Explanation:

It is given that Max and Maddy total cost of car parking remains the same, that is it does not matter whether they have seven or five cars parked on their lawn. So, since total cost is constant, Max and Maddy's decision would depend on total revenue.

$Profit = TR- TC$

Total revenue from charging, $10 is $70,

Total revenue from charging $15 is $75.

Since, total cost is constant, Max and Maddy will choose to charge $15 since it is giving them $5 more.

5 0

2 years ago

How media you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co

ss7ja [257]

Answer:

Explanation:

B

7 0

3 years ago

Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes

nata0808 [166]

Answer:

Proportional Tax

Explanation:

A proportional tax imposes the same flat rate (in %) on income as payable tax.

Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.

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3 years ago

is a retail chain specializing in salon-quality hair-care products. During the year, had sales of . The company began the year

dem82 [27]

Answer:

.................................................Big Fuzzy Spider.................................................

.....................................Income Statement for the year.....................................

Sales............................................................................................ $39,150,000

Cost of Goods sold:

Opening Inventory ............................................$3,500,000

Add: Purchases...................................................$23,350,000

Less: Closing Inventory....................................<u> $4,445,000</u>

Less: Cost of Goods Sold ........................................................<u>.($‭22,405,000‬)</u>

Gross Profit....................................................................................$16,745,000

Less: Operating Expenses ........................................................<u>($7,225,000)</u>

Net Profit ................................................................................$9,520,000

6 0

3 years ago