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telo118 [61]
3 years ago
12

You buy a used car for $18,000. You were given 3% interest over 3 years. What is your

Business
1 answer:
makkiz [27]3 years ago
5 0

Answer:

$545

Explanation:

The total amount of interest to be paid is obtained by the formula.

I= p x r x t,

Where  I= interest

 P= principal amount

 R= interest rate

 T= time

In this case

I= $18,000 x 3/100 x 3

I= $18,000 x 0.03 x 3

I=$18,000 x 0.09

Interest paid will be $1,620

Total amount to be repaid is the principal amount plus interest

=$18,000 + $1,620

=$19,620.

The amount of  $19,620 will be repaid in 3 years( 36 months)

monthly payment will be

=$19,620 /36

=$545

Monthly repayments will be $545

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Answer:

A. 3000 units x $7 = $21000

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the stock that is purchased first is used first. In other words, the oldest stock is used first. This is common for perishable items which if not used up fast, will be wasted.

Jan 01 - Beginning inventory : 5000 units x $9 = $45000

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Total inventory = 5000 + 4500 + 3000 = 12,500 units

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Hence, inventory sold = 9,500 units

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2 years ago
A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920. The materials price variance was $1,370 f
xxMikexx [17]

Answer:

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Calculation for the standard price per kilogram for the raw material

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Standard price per kilogram=($21,920+$1,370)/6,850

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Therefore the standard price per kilogram for the raw material will be $3.40

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3 years ago
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in case if anything happens

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