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lana66690 [7]
3 years ago
8

You have just taken out a $ 25 comma 000 car loan with a 6 % ​APR, compounded monthly. The loan is for five years. When you make

your first payment in one​ month, how much of the payment will go toward the principal of the loan and how much will go toward​ interest? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.) When you make your first​ payment, ​$ nothing will go toward the principal of the loan and ​$ nothing will go toward the interest.

Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

You question is missing some data.so i am adding a sample question matching the above conditions.i hope it will help.

You have just taken out a $15,000 car loan with a 8% APR compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go towards the interest? (Dont round intermediate steps to six decimal places)

Round answers to nearest cent

Explanation:

Please find attached file for complete answer solution and explanation of same question.

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Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the p
KengaRu [80]

Answer:

Borques Company

a. Unit inventory cost = $7.27

b. Ending inventory = 3,900 units

c. Absorption-costing operating income = $73,569

Explanation:

a) Data and Calculations:

Variable costs per unit:

Direct materials      $2.85

Direct labor             $1.92

Variable overhead $1.60  $6.37

Variable selling     $0.90   $7.27

Fixed costs per year:

Fixed overhead                $180,000

Selling and administrative $96,000  $276,000

Selling price per unit = $9

Acceptable per-unit inventory cost:

Variable product cost per unit = $6.37

Total variable production cost = $1,274,000

Fixed production cost =                   180,000

Total production cost =              $1,453,000

Unit inventory cost = $7.27 ($1,453,000/200,000)

b. Ending inventory

Beginning inventory   8,200

Production units = 200,000

Units available       208,200

Sales units =          204,300

Ending inventory       3,900

c. Absorption Costing Operating Income:

Sales Revenue                 $1,838,700 ($9 * 204,300)

Cost of goods sold             1,485,261 ($7.27 * 204,300)

Gross profit                        $353,439

Selling expenses:

Variable ($0.90 * 204,300) 183,870

Fixed                                     96,000

Total selling expenses    $279,870

Operating income             $73,569

5 0
2 years ago
The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the followi
Elanso [62]

Answer:

the Cash Received from Customers is $548,400

Explanation:

The computation of the cash amount received by the customers is as follows:

Cash Received from Customers is

= Sales + Decrease in Accounts Receivables

= $516,400 + $32,000

= $548,400

hence, the Cash Received from Customers is $548,400

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0
2 years ago
When economists are sketching examples of demand and supply, it is common to sketch a demand or supply curve that is close to ve
Hitman42 [59]

Answer:

a. inelastic

Explanation:

<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
In employee selection, initial screening consists of two stages. They are the:
Nadya [2.5K]

Option a; In employee selection, initial screening consists of two stages of Employment application form and the preliminary review.

Any new product development process must include idea screening. Using predetermined criteria, data (such as market research), or scoring models, it aids in the vetting and evaluation of potential ideas.

Consider the following while evaluating new concepts: relevance, limits, budgets, value, dangers, and/or feasibility. Even though this list is by no means comprehensive, it should give you some background on how to go about idea screening.

In addition to the aforementioned, you can leverage previous market research or client information/feedback to judge the viability and worth of a novel idea. Everything begins with your ideas. The finest product concepts combine viewpoints from several teams and stakeholders as well as market and consumer research (where possible).

Learn  more about Screening here:

brainly.com/question/28283345

#SPJ4

6 0
1 year ago
A relatively new clothing company has decided to invest significant amounts of money to sponsor an athletics team. They will be
Vanyuwa [196]
The correct answer is = Brand awareness
6 0
3 years ago
Read 2 more answers
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