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katen-ka-za [31]
3 years ago
5

Roberto and Maria Martinez have a new loan in the amount of $80,000. The interest rate is 10%. The monthly payments are $710, pr

incipal and interest. What is their loan balance after the they make two month’s worth of loan payments?
Business
1 answer:
OverLord2011 [107]3 years ago
7 0

Answer:

$79,913

Explanation:

The computation of the loan balance after two months loan payments is shown below:

$80,000 × 10% = $8,000 ÷ 12 =$666.67

$710 - $666.67 = $43.33

$80,000 - $43.33 = $79,956

$79,956 × 10% = $7,995 ÷ 12 = $666.30

$710 - $666.30 = $43.70

$79,956 - $43.70 = $79,912.8 i.e. $79,913

Hence, the loan balance after two months is $79,913

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kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

7 0
3 years ago
Hyde's Headphones sells deluxe headphones for $90 each. Unit variable expenses total $70. The breakeven sales in units is 1000 a
crimeas [40]

Answer:

0.7835 or 78.35%

Explanation:

Budgeted Sales = $90 per unit x 4620 units = $415,800

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Margin of Safety = ($415,800 - $90,000) ÷ $415,800 = 0.7835 or 78.35%

3 0
3 years ago
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
just olya [345]

Answer:

Predetermined manufacturing overhead rate= $22.2 per direct labor hour

Explanation:

Giving the following information:

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<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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7 0
2 years ago
In what circumstances is it ethical for public speakers to use emotional appeals when speaking to persuade? Are there any kinds
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Answer and explanation:

Emotional appeals are ethically valid in persuasive speeches when the speaker wants to emphasize a specific matter that is relevant for the audience to understand. By showing anger, pity or fear the speaker tries to put into the audience's shoes but immediately after that exposes the solution to the possible problem.

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Answer:

b. operating throughput

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