What stock should I buy

esse Pinkman is thinking about trading cars. He estimates he will still have to borrow $31,000 to pay for his new car. How larg

MA_775_DIABLO [31]

Answer:

Jesse's monthly car loan payment has to be $2,716.75.

Explanation:

Jesse's monthly car loan payment can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or amount to borrow = $31,000

P = Monthly car loan payment = ?

r = Monthly interest rate = APR / Number of months in a year = 9.4% / 12 = 0.094 / 12 = 0.00783333333333333

n = Number of months = Number of year * Number of months in a year = 1 * 12 = 12

Substitute the values into equation (1) and solve for P, we have:

$31,000 = P * ((1 - (1 / (1 + 0.00783333333333333))^12) / 0.00783333333333333)

$31,000 = P * 11.4106954292971

P = $31,000 / 11.4106954292971 = $2,716.75

Therefore, Jesse's monthly car loan payment has to be $2,716.75.

8 0

3 years ago

Enfield Industries purchased and consumed 61,000 gallons of direct material that was used in the production of 13,000 finished u

Aleonysh [2.5K]

Answer:

= $0.8 per unit

Explanation:

The question is to determine the Actual price paid for a gallon of direct material

This is answered in the following steps

Step 1) What is the standard Quantity allowed?

= Finished units of products x the manufacturing standard

= 13,000 units x 5 gallons = 65,000

What is the actual quantity consumed = 61,000 gallons

Meaning the Material Quantity variance =

Standard Quantity allowed - Actual Quantity used = 65,000 - 61,000

= 4000

Step 2) Determine the Standard Price

= The disclosed material QUantity Variance/ The determined material Quantity Variance

= 2800F/ 4,000

= 0.7 per unit

Step 3) Determine Material Price Variance

= Actual Quantity (Standard Price - Actual Price

= $6,100u = 61,000 (0.7 - Actual Quantity)

= $0.8 per unit

6 0

3 years ago

Read 2 more answers

A ——-process is a set of methods and technologies used in the production of a good or service

Dmitriy789 [7]

<span>A manufacturing process is a set of methods and technologies used in the production of a good or service. The manufacturing process is extremely important because it is one of the final stages in making sure the product is put together as designed and turns out the way the company wants. If something goes wrong within the manufacturing process, the company could lose a lot of products and money. </span>

3 0

3 years ago

If you were looking for an advertising medium that worked for segmented audiences, had prestige, had a long shelf life, and mone

Tamiku [17]

Answer:

The correct answer is the option B: magazines.

Explanation:

To begin with, in the case where the manager is looking for an advertising that has the characteristics of being medium and that worked for segmented audiences, with prestige and long shelf life then the correct option will be to choose a magazine that properly accomplish with the particularities of the case. The magazine will be targeted to one audience to the fact that it can not include all the topics that are in trend nowadays. Moreover, the magazine will also be of prestige in the case where it has several years in the industry and its name means something in the market. Therefore that a magazine will accomplish with all the characteristics that the advertiser is looking for.

8 0

3 years ago

Myrna borrows $500 at an annually compounded interest rate of 8 percent that she will repay at the end of 10 years. how much wil

Burka [1]

Myrna borrows $500 at an annually compounded interest rate of 8 percent that she will repay at the end of 10 years. She will be required to pay off $1,079.46 at the end of 10 years.

Your loan principal amount, interest rate, and period are all factors in the straightforward loan payment calculation. The principal amount and interest payments are distributed equally across the length of the loan. Although your term's length may vary, you'll normally have 12 payments to make each year.

Principal: The sum that is deposited into your account when you borrow money. Interest is the fee the lender charges you for a loan. Your interest rate and paid upfront expenses, like as origination fees, are included in your annual percentage rate (APR). Your monthly payments won't fluctuate over the course of the loan because the majority of personal loans have fixed interest rates. Your credit score and credit history impact interest rates; the better your credit score, the cheaper your interest rate will be. Fees: Extra loan costs including origination fees, late fees, insufficient funds fees, and more.

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4 0

1 year ago