What is the author's main claim or argument? Pizza is the best

You borrow $2,500. you are to pay back the loan in 36 monthly payments of $79.50. what true annual interest are you paying to th

Pepsi [2]

Answer:

4.8%

Explanation:

36months*$79.50=$2862

$2862-borrowed 2,500=362

362/3 years=$120 2/3

this means that the interest is 120 2/3 /2500, which is 0.048266, or 4.82, or in your case 4.8%

4 0

3 years ago

Read 2 more answers

Before the provision for Federal income tax, Karas Corporation had book income of $400,000 for the current year. The book income

Margaret [11]

Answer:

correct option is c. $350,000

Explanation:

given data

book income = $400,000

dividends = $100,000

owned domestic corporation = 15%

to find out

Karas Corporation's taxable income for the current year

solution

we know here that Karas Corporation qualifies report that dividends received deduction = 50 % of dividends from the taxable unaffiliated domestic corporation

so we here assumed that if paying corporation is unaffiliated

then receiving corporation owns less than = 20 %

so book net income before federal income tax = $400,000

and Dividends received deduction = 0.50 × $100,000 = $50,000

Taxable income will be = book net income before federal income tax - Dividends received deduction .................1

put here value

Taxable income = $400,000 - $50000

Taxable income = $350,000

so correct option is c. $350,000

6 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

3 years ago

When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction i

koban [17]

Answer:

par value of the shares issued.

Explanation:

In the case when the corporation issued the capital stock with regard to the service payment so the least & appropriate basis for recording the above transaction would be the par value of the shares issued as it would leads to the excess payment

Therefore according to the given situation the last option is right

8 0

3 years ago

June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20

inn [45]

Answer: 200 units

Explanation:

Beginning inventory 80 units.

Company Purchases 480 units

Total 560 units

Sales (360 units)

Ending Inventory 200 units

200 units remain in Ending inventory.

7 0

2 years ago