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3 years ago

Explain why making the minimum payment leads to paying the most interest.

1 answer:

6 0

since the price is so low the interest goes up because you paid just a little and so they want to get more off of that purchase.

Explanation:

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Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 salvage value. At the end of ye

bogdanovich [222]

Answer:

the revised depreciation is $ 3,753

Explanation:

Straight Line Method of Depreciation charges the same amount of depreciation over the useful life of the asset.

Depreciation Charge (Straight line) = (Cost - Salvage Value) / Useful life

Year 1

Depreciation Charge = ( $58,800 - $3,400) / 9 years

= $6,156

Year 2

Depreciation Charge = $6,156

Year 3

Make the adjustment as if the adjustment happened at the beginning of the year

Make the following changes

(1) Adjast the Depreciable Amount (numerator)

(2) Adjast the Useful life (denominator) to 11 years

Depreciation Charge = (Cost - Previous Depreciation Charges - New Residual Value) / Revised Number of Useful life

Depreciation Charge = ($58,800 - $6,156 - $6,156 - $5,200)/ 11 years

= $ 41,288/ 11 years

= $ 3,753

5 0

2 years ago

When the bicycle manufacturer trek determined that some consumers use bikes for green transportation whereas others use them for

PilotLPTM [1.2K]

The answer to the above question is the core customer value. The core customer value comprises the basic problem-solving benefits that consumers seek in a product. Thank you for posting your question here at brainly. I hope the answer will help you.

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3 years ago

A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri

oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

sales = nil

-variable expenses= nil

contribution = nil

- fixed expenses = 56,000

NET LOSS = (56000)

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

Thus increase in loss would be 56000- 50,000=6000

6 0

2 years ago

If Morton Company expects to sell VCR’s at $100 a unit with variable costs of $60 per unit and DVD’s at $200 per unit with varia

Thepotemich [5.8K]

Answer:

$72

Explanation:

To calculate the weighted contribution margin we can use the following formula:

[(sales price A - variable cost A) x proportional sales A] + [(sales price B - variable cost B) x proportional sales B]

= [($200 - $120) x 80%] + [($100 - $60) x 20%] = $64 + $8 = $72

7 0

3 years ago

There are only three stocks in the economy. Stock A has 20 shares outstanding and a price per share of $10. Stock B has 15 share

gregori [183]

Answer:

Market value of stock A = 20 shares x $10 = $200

Market value of stock B = 15 shares x $3 = $45

Market value of stock C = 10 shares x $5 = $50

Total market value $295

Amount to invest in stock A

= $200/$295 x $5,000

= $3,389.83

Explanation:

In this case, we will calculate the market value of each stock by multiplying the number of each stock by their corresponding market prices.

Thereafter, we will divide the market value of stock A by the total market value multiplied by amount available for investment ($5,000).

7 0

3 years ago