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2 years ago

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Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in

terest only at 6% for five years when the remaining principal balance becomes due. How much interest will they pay over the life of the contract?

1 answer:

KatRina [158]2 years ago

6 0

Answer:

75,000

Explanation:

300,000-50,000 = 250000*6%*5

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If the supply of dollars in the market for foreign-currency exchange shifts left, then the a. rises and the quantity of dollars

Elena-2011 [213]

Answer:

b. rises and the quantity of dollars exchanged falls.

Explanation:

As provided that the curve shifts leftward that means the supply has decreased and that the price has fallen.

Accordingly people will tend to buy more dollars, but since the supply is less the exchange of dollars practically will fall because the supply has decreased and the supplier will not be ready to sell the same in low rates.

Accordingly the exchange rate of dollars will rise because of low supply.

Also the quantity will fall of actual exchange of dollars because the suppliers would not supply at low price in high demand.

Thus, option b is correct.

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3 years ago

An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inven

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Answer:

The correct answer is:

$80,500 (b.)

Explanation:

First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:

Projected sales = 7,000

unit price = $11.50 per unit

Therefore

Price for 7,000 units = 11.5 × 7,000 = $80,500

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3 years ago

Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay

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Answer:

the mortgage.

Explanation:

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3 years ago

Read 2 more answers

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding

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Answer:

$7.830

Explanation:

Calculation for the cost per equivalent unit for conversion costs for the month

First step is to compute for the Unit transferred out =

Unit transferred out = 21,400+101,000-34,000

Unit transferred out = 88,400

Second step is to compute for the Equivalent unit of conversion

Equivalent unit of conversion = 88,400+(34,000*70%)

Equivalent unit of conversion = 88,400+23,800

Equivalent unit of conversion = 112,200

Last step is to compute for the Cost per equivalent unit of conversion

Cost per equivalent unit of conversion = (24,700+853,880)/112,200 = 7.931

Cost per equivalent unit of conversion = 878,580/112,200

Cost per equivalent unit of conversion = $7.830

Therefore the cost per equivalent unit for conversion costs for the month is closest to $7.830

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3 years ago

business ethics chapter 7 emily, a website designer, is hired by an organization to create an internal website that contains inf

Vitek1552 [10]

Answer:

The correct answer is Intranet.

Explanation:

An Intranet is a digital platform whose objective is to assist workers in generating value for the company, making available assets such as content, files, business processes and tools; facilitating collaboration and communication between people and teams.

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3 years ago