Bobb'e J. Thompson<span> (</span><span>Marcus "M.J." Williams, Jr)</span>
28875
Explanation:
Rosa borrowed $26400 for remodeling of her kitchen on home equity loan.
Promissory note bearing interest of 12 and 1/2% or 12.5% or 0.125.
Total amount Roma has to pay in the due which means the end of <em>18 months.</em>
- 1st Principal amount is $26400 = P
- 2nd Rate of interest is 12 and 1/5 %. = R
- 3rd Time days/month/week taken to pay the total amount. =T
- P= $26400 , R = 12.5 % and time is 18 months
<u>Adjustments:-</u>
- R = .125 T = 18/24 (calculated on a monthly basis, 1 year has 12 months)
- PRT = Interest on a due date
- I = 26400 * .125 * 0.75 = 2475
- 2475 interest charged for 18 months
- Total amount Roma has to pay in the due date ?
Fixed costs = $84,000
Contribution margin ratio = 24%
To find the break-even point in sales dollars:
Break-even in sales = Fixed costs/contribution margin ratio
Break-even in sales = 84,000/0.24
Break-even in sales = $350,000
Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
<h3>What do you understand by the term need and want?</h3>
A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
- Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a <u>Want</u><u>.</u>
- The new shoes would be considered a <u>Need</u> if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
Learn more about the want and need here:
brainly.com/question/13923283
