Which is an example of marketing function for a business? 1.) Preparing an income statement

Open this link to read more about how credit card interest works. Use this information to calculate the cost of your computer wh

Luda [366]

The amount incurred by a business for borrowed cash is known as interest expenditure. On the income statement, interest expenditure is a non-operating item.

The cost of your computer when paying only the minimum payment is $774

<h3 /><h3>Difference between interest expense and interest paid?</h3>

First, interest cost is an expense item that appears on the income statement, whereas interest payable appears on the balance sheet as a liability account.

Second, interest expense is recorded as a negative, whereas interest payable is recorded as a credit in the accounting records.

interest works.

Use this information to figure out how much your computer will cost if you only make the minimum payment.

If you only pay the absolute necessities each month,

The computer's final cost be

$600

Cost of computer (balance): $600

Annual percentage rate (APR): 12.9%

Minimum Payments: 10

$774

simple interest formula:

A = (P)

For more detail about Interest Payable reference link;

brainly.com/question/9256832

#SPJ1

5 0

2 years ago

Foutz Corporation has entered into a 8 year lease for a piece of equipment. The annual payment under the lease will be $3,600, w

IRINA_888 [86]

Answer:

$17,721

Explanation:

The computation of the Net present value is shown below

The discount factor should be computed by

= 1 ÷ (1 + rate) ^ years

where,

rate is 17%

Year = 0,1,2,3,4 and so on

Discount Factor:

For Year 1 = 1 ÷ 1.17^0 = 1

For Year 1 = 1 ÷ 1.17^1 = 0.8547

For Year 2 = 1 ÷ 1.17^2 = 0.7305

For Year 3 = 1 ÷ 1.17^3 = 0.6244

For Year 4 = 1 ÷ 1.17^4 = 0.5377

For Year 5 = 1 ÷ 1.17^5 = 0.4561

For Year 6 = 1 ÷ 1.17^6 = 0.3898

For Year 7 = 1 ÷ 1.17^7 = 0.3332

So, the calculation of a Present value of all yearly cash inflows are shown below

= Year 0 cash inflow × Present Factor of Year 0 + Year 1 cash inflow × Present Factor of Year 1 + Year 2 cash inflow × Present Factor of Year 2 + Year 2 cash inflow × Present Factor of Year 2 + Year 3 cash inflow × Present Factor of Year 3 + Year 4 cash inflow × Present Factor of Year 4 + Year 5 cash inflow × Present Factor of Year 5 + Year 6 cash inflow × Present Factor of Year 6 + Year 7 cash inflow × Present Factor of Year 7

= $3,600 × 1 + $3,600 × 0.8547 + $3,600 × 0.7305 + $3,600 × 0.6244 + $3,600 × 0.5377 + $3,600 × 0.4561 + $3,600 × 0.3898 + $3,600 × 0.3332

= $3,600 + $3,077 + $2,630 + $2,248 + $1,921 + $1,642 + $1,403 + $1,200

= $17,721

We take the first four digits of the discount factor.

3 0

3 years ago

The recent emphasis on sources and treatment of hypertension with respect to occupational health and well-being is an example of

Fiesta28 [93]

The correct answer is medicine.
Obviously, any type of disorder or illness of the body has to do with medicine and the possible ways to cure those complications. Hypertension refers to elevated blood pressure levels, so psychology, sociology, and management have nothing to do with it.

3 0

3 years ago

An estimated three-quarters of what product sold in naples originate in the black market?

Ivanshal [37]

<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>

7 0

3 years ago

Jones Lumber Co. has annual fixed costs including depreciation of $300,000 and variable costs that are 88.25 percent of sales. W

STALIN [3.7K]

Answer:

$2,553,191

Explanation:

The formula to compute the break even point in dollars amount is presented below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,

Fixed cost = $300,000

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

We assume the sales be 100%

So, the variable cost is

= 88.25%

And, the contribution margin is

= 100 - 88.25

= 11.75%

So, the break even sales would be

= $300,000 ÷ 11.75%

= $2,553,191

7 0

4 years ago