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2 years ago

9

Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can

be tricky when you're considering your dream car. Follow the directions on the sheet to complete the activity

1 answer:

Elina [12.6K]2 years ago

5 0

Answer:

From this worksheet, I have noticed that following directions to receive your dream car is tricky as well as fun

;)

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A set of speakers may be purchased now for $1000 or by making a down payment of $150 and additional payments of $100 at the end

victus00 [196]

Answer:

the nominal annual interest rate on the payment plan is 15%

Explanation:

According to the question, a one-time payment for the speakers will cost $1,000

An installmental payment will have a $150 down payment and then another $100 fro ten subsequent months.

Calculating the total payment at tthe end of the payment plan will give

$150 + ($100 x 10months)

we have, $150 + $1,000 = $1,150.

This shows that at the end of the payment plan, the set of speakers would have cost $1,150 instead of $1,00 one-time payment.

Step 2:

To calculate the interest rate, we subtract the one-time price from the payment plan price and express it as a percentage of the one time price to get tthe interest rate.

$1,150-$1,000 = $150

then we have,

($150 ÷ $1,000) × 100%

= 0.15 × 100%

- 15%

The nominal annual interest rate is 15%.

Cheers.

4 0

3 years ago

The internal business processes perspective of the balanced scorecard comprises three subprocesses that address all of the follo

Ray Of Light [21]

Answer:

B. motivating current employees

Explanation:

The internal business processes perspective of balanced scorecard were used to create new products, services, and processes. It addresses providing service and support to the customer after the sale. It asks for delivering existing products and services to best meet the needs of customers. But it does not address motivating current employees since balanced scorecard is concerned with innovation in products and services.

8 0

2 years ago

You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this pa

KIM [24]

Answer:

At an annual requirement of 40,000 units, selecting the low-cost option will save the company per year:

b) $50,000

Explanation:

a) Data and Calculations:

ALTERNATIVE FIXED COST VARIABLE COST

Special-Purpose Equipment $200,000 per year $15 per unit

General-Purpose Equipment $50,000 per year $20 per unit

Total Cost of Production for 40,000 units under the two alternatives:

ALTERNATIVE FIXED COST VARIABLE COST TOTAL COSTS

Special-Purpose $200,000 $600,000 ($15*40,000) $800,000

General-Purpose $50,000 $800,000 ($20*40,000) $850,000

b) The difference between the two alternatives in total costs is $50,000 ($850,000 - $800,000) with the low-cost alternative as the Special-Purpose Equipment.

7 0

2 years ago

Imagine you are in the process of buying a new car. Give at least two examples of both qualitative and quantitative data that yo

Step2247 [10]

Answer with Explanation:

Qualitative attributes would be the Quality of steel used, interior and exterior design of the car, additional features that it offers, etc.

These attributes are qualitative characteristics of cars because they give us feeling of superiority over other similar items. Hence the strength of steel used clearly reflects the strength of car, interior design gives comfort, exterior design increases sense of superiority, additional features that the car offers will give upperhand over other cars.

All these features of car are qualitative because these can not be measured in numbers. On the other hand, Quantitative attributes includes price of spare parts, car and mileage per litre.

Quantitative attributes are reflected in numbers and thus are more desicive in nature.

3 0

3 years ago

On January 2, 2022, McClelland Company purchased a machine and signed a noninterest-bearing note in payment. The note matures in

tresset_1 [31]

The amount that McClelland Company should record the machine upon purchase is<u> $56,505.</u>

<h3>Recording the transaction</h3>

The proper way to record the transaction based on U.S. GAAP polices is to debit the Machine account with the price of $56,505 as this represents the market value of the machine.

The company should also credit the Notes payable account with $70,000 being the value of the note acquired. A debit will go to the Discount on Note account for $13,495 which is the difference between the note and value of machine.

Find out more on recording Notes Payable at brainly.com/question/17073934.

6 0

2 years ago