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Y_Kistochka [10]
3 years ago
8

You owe $5,000 on your credit card and you can pay the following monthly payments:

Business
1 answer:
nordsb [41]3 years ago
6 0

Answer:

C. Yes, this cash flow will pay off the credit card with $23.75 remaining.

Explanation:

Calculation for how much will be enough to pay off your credit card

First step will be to use financial calculator to find the Net Present Value (NPV) of the payment amount from 1 month which is 500 to 8 month which is 850.

Hence,

NPV=$5,023.75

Now let calculate how much will be enough to pay off your credit card

Credit card pay off Amount =$5,023.75-$5,000

Credit card pay off Amount=$23.75

Therefore YES it will be enough to pay off the credit card and the amount that will be enough to pay off your credit card will be $23.75.

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Can someone tell me if it’s correct, and which one is wrong
Nat2105 [25]

Answer:

Yes,they are correct.

Explanation:

5 0
3 years ago
Read 2 more answers
Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
Airida [17]

Answer:

$94.10 per unit

Explanation:

Total direct labor-hours 10,000

Total fixed manufacturing overhead cost $33,000

Variable manufacturing overhead per direct labor-hour $2.50

Job K332:

Number of units in the job 70

Total direct labor-hours 140

Direct materials $455

Direct labor cost $5,320

total variable overhead = $2.50 x 140 = $350

prorated fixed overhead = (total fixed overhead / total direct labor hours) x direct labor hours used = ($33,000 / 10,000) x 140 = $462

total product cost = direct labor + direct materials + variable overhead + prorated fixed overhead = $5,320 + $455 + $350 + $462 = $6,587

product cost per unit = $6,587 / 70 units = $94.10 per unit

3 0
3 years ago
Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as Gro
zysi [14]

Answer:

neither in the labor force nor unemployed

Explanation:

Since in the question it is mentioned that the  Jai Li  lost her job and neither she has not yet started looking for a new job

So according to the Bureau of Labor Statistics she counted as a neither in the labor force nor unemployed because labor force includes the combination of employed people + unemployed people

She does not qualify any of the above criteria

Hence, the last option is correct

4 0
3 years ago
Dividends paid is equal to
scoundrel [369]

Answer:

B . Free cash flow less cash provided by operations and capital expenditures.

Explanation:

In Business, dividends can be defined as share of profits and retained earnings that a publicly listed company pays out to its investors or shareholders for investing into the business venture.

Dividends paid is equal to free cash flow less cash provided by operations and capital expenditures.

Free cash flow isn't reported on the statement of cash flows and it is the cash provided by operations less capital expenditures and cash dividends.

7 0
3 years ago
20 POINTS!!!!!!!! In addition to having a bachelor’s degree in accounting, a 1._______ certification will increase a tax account
Anna11 [10]

<u>Answer: </u><em>Certified public accountant security and tax commission</em>

<em>Certified Public accountant security and tax commission is the correct answer.</em>

<u>Explanation:</u>

Having a four year college education in bookkeeping, an affirmation will build a duty bookkeeper's openings for work and enable them to document reports with the administration/SEC.

The SEC is the U.S. Protections and Exchange Commission. To be a genuine affirmed CPA, you have to experience the confirmation course to be endorsed to submit monetary records so the SEC.

4 0
3 years ago
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