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igomit [66]
3 years ago
15

Use the following information and the tables in the Business Math Handbook that accompanies the course textbook to answer the qu

estion.
$140.10 per month
Cash price: $5,600
Down payment: $0
Cash or trade months with bank-approved credit; amount financed: $5,600 Finance charge: $2,806
Total payments: $8,406
What is the APR by table lookup?

A. 16.50%–16.75%
B. 17.00%–17.25%
C. 16.75%–17.00%
D. 17.25%–17.50%
Business
2 answers:
trasher [3.6K]3 years ago
5 0
<span>Answer is C. 16.75%–17.00% </span>
kaheart [24]3 years ago
5 0

Answer:

The answer is D. 17.25%-17.50%

Explanation:

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If  sales discounts, $57,000 allowance for doubtful accounts credit balance, $3,800 alderwood prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. The bad debt expense is:$13,450.

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First step is find the Required Balance using this formula

Required Balance =Accounts Receivables × Percentage of Uncollectible

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Let plug in the formula

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The difference between a​ firm's operating income and income before taxes is​ _____. The difference between a​ firm's ​before-ta
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Why are us firms moving manufacturing jobs overseas?
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