Answer:
B. 12%
Explanation:
Given - If the monthly finance charge on a loan is 1%
To find - The A.P.R. on that loan would be
1 year = 12 months
Given that, monthly finance charge = 1%
So,
Cumulatively,
Annual Percentage rate (APR) = 12×1% = 12%
So,
The correct option is - B. 12%
The agent will probably further inquire about the following to give you an estimate on auto insurance:
- Individual data.
- driving history
- additional background
<h3>A car insurance quotation is what?</h3>
A car insurance quotation is an estimate of your monthly premium. No two quotes will be identical, regardless of whether you provide Geico, Progressive, or any other carrier with the same information, as each insurer uses a separate algorithm to calculate a car insurance price.
<h3>What are the three things to think about while purchasing car insurance?</h3>
Particular Elements That Affect Your Rate
- Your driving history — drivers with a history of infractions or collisions are viewed as higher risk.
- Urban locations have more claims than rural areas in terms of your geographic territory.
- Your age and gender- Certain age groups and males have more claims and accidents, respectively.
Learn more about car insurance quote: brainly.com/question/3705016
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Answer:
e. consumer space.
Explanation:
The new environment that allows a person to choose how, when, or if they will interact with a company is termed a consumer space.
Generally, when the manufacturer of a product produces his or her goods, it is very important that it is made available at a shop or store where different customers can easily access them to make their choices when they want to purchase them.
For instance, products such as cars, mobile phones, furniture, cooking utensils are examples of products that a seller displays in a consumer space for the customers to see.
Answer:
Explanation:
1.August 6.
Account Receivable-Ds Unlimited (64*170) Dr.$10,880
Sales Revenue Cr.$10,880
Cost of Goods Sold ($150*64) Dr.$9,600
Inventory Cr.$9,600
2.August 10.
Inventory/Sales Revenue (4*170) Dr.$680
Account Receivable-Ds Unlimited Cr.$680
3. August 14.
Cash (10,880-680)*99% Dr.$10,098
Cash Discount Dr.$ 102
Accounts Receivable Cr.$ 10,200
Note:
The gross method of discount is used which means at time of receipt, discount impact is taken. In this question 1/10 means 1% discount allowed if payment made within 10 days of sale. This means DS unlimited qualifies for cash discount as payment is received on 14 August
Answer and Explanation:
The actual gain or loss from the investment, including any suspended losses, should be determined when the tax payer disposes of his or her interest in a passive activity. According to the passive activity law, any gain realized on passive activity transition is viewed as passive and is initially compensated by suspended passive active losses from that activity.
If latest and suspended losses of passive activity exceed the gain accomplished, any loss from the activity for the tax year exceeding the net gain for the tax year from all passive activities shall be allowed to treat as a loss not arising from passive activity.
The computation of total gain and current deductible is shown below:-
Total gain = Net sales price - Adjusted basis amount
= $330,000 - 305,000
= $25,000
And Current deductible amount is
= Total gain earned - Suspended losses suffered
= $25,000 - $28,000
= $3,000
This amount represents the non passive amount
b. Deductible loss that may offset profit from passive investment that is realized in passive activity on the selling of partnership interest. The benefit realized in passive activity on selling of interest is regarded as passive.