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kati45 [8]
3 years ago
10

Suppose you want to buy a car. Sale price of the car is $18,427. You can afford to make a down payment of $3,427. The net amount

to be financed is $15,000. If the dealer offers 6 year at 6.25% APR (compound monthly), what would the monthly payment be? Choose the one closest to the answer.
Business
1 answer:
Yanka [14]3 years ago
7 0

Answer:

Monthly payment would be $250.37

Explanation:

The monthly payment can be determined using excel pmt formula as follows:

=pmt(rate,nper,-pv,fv)

rate is the APR of 6.25% per year divided by 12 months in a year

nper is the number of years the payments would last which is 6 years multiplied by 12 months

pv is the initial amount of finance which is the net amount of $15,000

fv is the total amounts to be repaid which is unknown

=pmt(6.25%/12,6*12,-15000,0)=$ 250.37  

The amount of monthly payment is $250.37

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Identify a brand and discuss how the organization is blending marketing mix element to achieve a marketing communication objecti
NeX [460]

Answer:

Nike as a brand is making the use of Marketing mix to communicate a objective of high quality sport brand.

Explanation:

  • The aim of the marketing mix s the right combination of product, place, promotion, and price, etc. It is done so that the company can have an advantage over the competitors. It's a set of controllable and tactile marketing tools.
8 0
3 years ago
The journal entry to record employer payroll taxes owed affects ______.
weeeeeb [17]

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

     To Social security tax payable A/c

     To Medicate tax payable A/c

     To State Unemployment tax payable A/c

     To Federal Unemployment tax payable A/c

(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

5 0
4 years ago
The new employee at Cork Manufacturing reported tp work and the employee reviewed the following information that was audited by
dexar [7]

Answer:

The correct answer is D

Explanation:

In this case, the new employee who reported to work, was given the responsibility to perform the review of the information on the balance sheet which was audited by the CPA.

So, here the role of new employee is described as the manager- financial analysis, who is responsible for the financial health of the organization or business, reviewing the financial data as well.

3 0
3 years ago
Abc manufacturers conducts commercial transactions across national boundaries. abc manufacturers would be classified as a(n) ___
Elina [12.6K]
The answer to this question is "International Business". This would be the classification when the ABC manufacturers conduct commercial transactions across the national boundaries. The international business includes all private and public commercial transactions between two or more regions which these regions are covered by the same political territories. The commercial transactions could include any form of investments, logistic, sales, and others.
7 0
3 years ago
A firm currently produces 3,500 units of output per week. After an additional worker is hired, output rises to 3,750 units per w
MrRissso [65]

Answer:

C. $2

Explanation:

The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:

3,750-3500= 250

With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:

250 units ⇒ $500

     1 unit  ⇒      x

x=( 1*500)/250= 2

The firm's short-run marginal cost is $2.

4 0
3 years ago
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