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2 years ago

What are some ways that people might describe themselves?

2 answers:

5 0

Honestly, it depends on who you ask and who you are talking about. Some people might describe themselves as ambitous, energetic, or sociable. There are also negative answers. Some people might describe themselves as depressing, lazy, or annoying.

Stella [2.4K]2 years ago

3 0

A responsible person, depends who your asking

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Charles is going to purchase a new car that has a list price of $21,450. He is planning on trading in his good-condition 2004 Do

mash [69]

The Interest rate is the rate that is charged by the lender for the use of his money.

The percent of the total amount paid by Charles would be the on the interest of 16.70%.

<h3>What is the interest rate?</h3>

The interest rate is the amount of interest that is due per period, as a quotient of the amount deposited, or borrowed.

The amount of interest depends upon the sum of the principal, and it can vary by the amount of money lent or deposited.

Computation of the rate of interest:

Given,

List Price = $21,450,

Interest Rate on the finance plan = 12.28%,

Monthly Interest rate:

$\dfrac{12.28\%}{12} = 1.023\%$

Sales Tax Rate = 6.88%

$n = 12 \text{Months}\times3\text{Years}\\n=36 \text{Months}$

Registration and documentation fee = $1,213 ($1,089 +$124)

Then,

The amount after-tax on selling neon 2004 is:

$=\$6,591\times80\% \times ( 1 - 6.88\%) \\\\= \$4,910$

Then the total amount paid for a new car is:

$\text{Amount Paid For a New Car}= \text{List Price+ Documentation Fee + Registration Fee}\\\\\\\text{Amount Paid For a New Car}=\$ 21,450 +\$ 1,089 + \$$124\\\\\\\text{Amount Paid For a New Car}= \$22,663$

And, The total amount gets from the finance plan:

$\text{Net Amount Paid For a New Car - Amount After Tax}\\\\\\ \$ 22,663 - \$4,910 = \$17,753$

so, Present Value = $17,753

Now, apply the given values in the formula of annuity, we get the monthly payment:

$\text{A} =\text{PV}\times {1- (1+i)^n }}\\\\\text{A} = \$592$

Where A = Annuity

Then, The total repayment in Charles finance plan would be:

$\$592\times36 = \$21,312$

The total interest expenses would be:

$\text{Total repayment - Financing Amount} \\\\ \$21,312 - \$17,753 = \$3,559$

Therefore, the percentage of total interest expenses in the amount paid is :

$\dfrac{3,559}{21,312}= 16.70\%$

Hence, The rate of interest would be 16.70%.

Learn more about the interest rate, refer to:

brainly.com/question/4626564

5 0

2 years ago

ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, th

barxatty [35]

Answer:

cost of goods sold during the year = $142,000

Explanation:

First of all, let us calculate the total cost of goods acquired during the year, as follows:

Total cost of goods acquired = beginning inventory + purchases

= 12,000 + 150,000 = $162,000

Next, we are told that there was an ending inventory of $20,000, therefore, the cost of goods sold is calculated as follows:

cost of goods sold = total cost of goods acquired - ending inventory

= 162,000 - 20,000 = $ 142,000

Therefore inventory worth $142,000 was sold during the year

5 0

3 years ago

One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flo

Mamont248 [21]

Answer: The correct answer is "d) The supply of bubble tea will decrease.".

Explanation: If everything else remains constant: An increase in the price of tapioca flour causes producers a higher cost, therefore this higher production cost will cause a decrease in supply.

4 0

3 years ago

Jorge and Fred have a product they would like to sell. They decide to share the risks and profits by forming an unincorporated b

sukhopar [10]

The business organization Jorge and Fred have most likely formed is an Partnership. Because they share all profits and risks caused by an organisation. There is a major advantage in partnership where we can take decisions and plans together and strive towards the excellence of the organization. Even-though there is a debt problem we can share and solve the debts.Mutual Understanding is the main point in Partnership.

3 0

2 years ago

Read 2 more answers

Compute the payback period for each of these two separate investments:

musickatia [10]

Answer:

1.89 years and 2.91 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

For first case

The initial investment is $260,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($260,000 - $10,000) ÷ (4 years)

= ($20,000) ÷ (4 years)

= $62,500

And the incremental after tax income is $75,000

So, the net cash flow would equal to

= $62,500 + $75,000

= $137,500

So, the payback period would be

= $260,000 ÷ $137,500

= 1.89 years

For second case

The initial investment is $170,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($170,000 - $14,000) ÷ (9 years)

= ($156,000) ÷ (9 years)

= $17,333

And the incremental after tax income is $41,000

So, the net cash flow would equal to

= $17,333 + $41,000

= $58,333

So, the payback period would be

= $170,000 ÷ $58,333

= 2.91 years

5 0

2 years ago