1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
n200080 [17]
3 years ago
13

Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interes

t by making weekly payments of $36.13 for four years. If the principal was $7,150, how much did Kevin pay in finance charges, to the nearest dollar?
Business
2 answers:
ahrayia [7]3 years ago
4 0

For E2020 the choices are a.  $498 b.  $365  c.  $422  d. $787 and the correct answer is d. $787

jolli1 [7]3 years ago
4 0

Answer:

<h2>$787.04</h2>

Explanation:

If Kevin paid $36.13 per week for 4 years, then he paid: $36.13 x 52 weeks x 4 years = $7515.04.

So, he was assessed a service charge of $422. Therefore, $7515.04 + $422 = $7937.04; this is the total amount he paid.

To calculate the finance charges we subtract: $7937.04 - $7150 = $787.04.

Therefore, he had $787.04 from finance charges.

You might be interested in
A seller uses a perpetual inventory system, and on April 17, a customer returns $1,000 of merchandise previously purchased on cr
Vika [28.1K]

Answer:

The solution is given in tabular form.

7 0
3 years ago
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by chan
aleksley [76]

There will be decrease in profit if dropping of sour cream. So that means Keith Inc would lose $4,000.00

3 0
3 years ago
Read 2 more answers
Nour is usually the person who takes charge of the situation and gets people moving toward the group's objective. Nour probably
jonny [76]

Answer:

Power.

Explanation:

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Also, they provide guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.

Some types of power expressed by leaders are referent power, coercive, etc.

In this scenario, Nour is usually takes charge of the situation and gets people moving toward the group's objective. Thus, Nour probably has a high need for power because he's more often than not in charge and control while getting his team members to achieve the set objective.

5 0
3 years ago
Kubin Company’s relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average cos
erastovalidia [21]

Answer:

a. $142,500

b. $86,250

Explanation:

a. The computation of the total direct manufacturing cost is shown below:

= (Direct material per unit + direct labor per unit)  × number of units manufactured

= ($7.20 + $4.20) × 12,500 units

=  $142,500

b. The computation of the total indirect manufacturing cost is shown below:

= (Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit)  × number of units manufactured

= ($1.70 + $5.20) × 12,500 units

=  $86,250

8 0
3 years ago
Creating policies for health and safety is part of which risk management strategy?
ivolga24 [154]
It can be C because it's accepting the risk to do it

But it can also be B because it's sharing the risk with everyone else
8 0
3 years ago
Other questions:
  • Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
    11·1 answer
  • Professor wong measured the intelligence and temperament of a group of preschoolers. he plans to follow the same group of partic
    7·1 answer
  • Although True Ion Inc. and One Electro Inc. operate in the same consumer electronic industry, True Ion Inc. has better sales and
    14·1 answer
  • You work for a full-service salon and day spa and are writing a sales message targeted for working women. You describe your spa'
    7·1 answer
  • Why would the supply curve of a dog walking business be considered elastic
    10·1 answer
  • A firm currently sells $1,750,000 annually of an expensive product line. That firm is considering a similar, less expensive, dis
    13·1 answer
  • 25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value
    10·1 answer
  • Tyler Jones is the CEO of a medium-sized manufacturer of bedding and blankets. Tyler insists on making all decisions on what sty
    14·1 answer
  • "An investor wishes to buy a new issue of U.S. Government agency bonds. You recommend that the customer purchase Federal Home Lo
    11·1 answer
  • In strategic management, both the short-term and long-term perspectives need to be considered because a. the creative tension be
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!