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3 years ago

An installment loan _____.

1 answer:

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An installment loan has equal payment each month

an Installment loan is usually an amount of money which borrow that must be repaid in a specific interest rate over period of time. This type of loans DOES NOT have changing interest rates so the amount of payments are equal each time.

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A store manager predicts that 80 hats will be sold if each hat costs $15. The manager predicts that 3 less hats will be sold for

Ierofanga [76]

Answer:

$25

Explanation:

Data provided in the question:

Initial cost of each hat = $15

Initial number of hats sold = 80

3 less hats will be sold for every $1 increase in price

Thus,

For at least 50 hats to be sold, the store manager can increase the price such that maximum 30 less hats are sold

Therefore,

maximum increase in price = Maximum number of less hats ÷ Number of hats sold less for $1 increase

= 30 ÷ 3

= $10

The prices that the manager can predict that at least 50 hats will be sold will be

= $15 + $10

= $25

8 0

2 years ago

Research shows that legal action is taken against fraud perpetrators in: Group of answer choices Almost all fraud cases. More th

vodomira [7]

Answer:

Less than half of fraud cases.

Explanation: Fraud is the intentional use of false or misleading information in an attempt to illegally deprive another person or entity of money, property, or legal rights. In order to constitute fraud, the party making the false statement must know or believe that it is untrue or incorrect and intended to deceive the other party.

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2 years ago

Given the market for illegal drugs, when the government is successful in reducing the flow of drugs into the united states,

Natasha2012 [34]

B. demand and supply both decrease, leaving price essentially unchanged.

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2 years ago

A company must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units t

gregori [183]

Answer:

A.Incremental income(loss)

Sales as scrap $39,000

Rework $41,600

B.The company should REWORK

Explanation:

A. Sales as Scrap Rework

Sales of scrap units ($13,000×3.00)

$39,000

Sales of rework units ($13,000×8.20)

$106,600

Cost to rework units($13,000×5.00) $65,000

Incremental income(loss)

$39,000 $41,600

B.Therefore the company should REWORK

($106,600-$65,000)

=$41,600

8 0

3 years ago

Craig's collected $15,000 from customers for games played in july. craig's sold bowling merchandise inventory from its pro shop

tekilochka [14]

Answer:

cash 15,000 debit

account receivables 15,000 credit

cash 3,000 debit

A/R 5,000 debit

service revenue 8,000 credit

COGS 6,800 debit

Merchandise 6,800 credit

Cash 4,000 debit

A/R 4,000 credit

Cash 2,500 debit

*unearned revenue 2,500 credit

**utilties payable 800 debit

cash 800 credit

salaries expense 3,500 debit

cash 3,500 debit

***prepaid expene 375 debit

prepaid insurance 1,125 debit

cash 1,500 credit

repairs expense 700 debit

cash 700 credit

utilities expense 900 debit

utilities payable 900 credit

Explanation:

We will record following the debit = credit rule

* It will be considered unearned revenue as we didn'0t perform the services we have the obligation to do so therefore, it is a liability.

**as the expense was recorded previously a payable was created to recognize the obligation to pay our utilities. Therefore, we write-off the payable

*** 1,500 is the full contract value for 4 months:

1,500 / 4 = 375 per month

one most is declared as expense and the remainder as prepaid.

7 0

3 years ago