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Vanyuwa [196]
3 years ago
12

Teresa rents her apartment for ​$860860 per​ month, utilities not included. When she moved​ in, she paid a ​$700700 security dep

osit using money from her savings account that was paying 33​% interest. Her​ renter's insurance costs her ​$8484 per year. What are​ Teresa's total annual costs of​ renting? ​Teresa's total annual costs of renting are ​$nothing. ​(Round to the nearest​ cent.)
Business
1 answer:
Akimi4 [234]3 years ago
5 0

Answer:

$10,425

Explanation:

The computation of total annual costs of renting is shown below:-

Total annual costs of renting = Annual cost of rent + Annual insurance cost + Interest lost

= ($860 × 12) + $84 + ($700 × 3%)

= $10,320 + $84 + $21

= $10,425

Therefore computing the total annual costs of renting we simply applied the above formula.

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IM.72 The Candy Shack has a monthly demand of 150 bags of Watermelon Slices. They pay $10.97 for each box of candy which contain
alisha [4.7K]

Answer:

a). Total annual demand=13 boxes

b). Material cost per bag=$1.60

Explanation:

a). The following expressions can be derived;

Total number of bags=number of bags per box×number of boxes

where;

Total number of bags=150 bags

Number of bags per box=12 bags

Number of boxes=n

Replacing;

150=12×n

12 n=150

n=150/12=12.5

Number of boxes =12.5 rounded to the nearest whole number=13

Total annual demand=13 boxes

b). Material cost per bag

Total material costs=(Cost per box×number of boxes demanded)+Ordering cost

Total material costs=(10.97×13)+75=$217.61

Additional cost=(10/100)×217.61=21.761

Total material costs=(217.61+21.761)=239.371

Material cost per bag=Total material cost/number of bags

where;

Total material cost=$239.371

Total number of bags=150 bags

replacing;

Material cost per bag=239.371/150

Material cost per bag=1.596 to nearest two decimal places=1.60

Material cost per bag=$1.60

5 0
3 years ago
What is the functions of a commercial bank? Explain.
Goshia [24]

A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.

6 0
3 years ago
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an
Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
In a private company’s accounting system, inputs are _______________ and outputs are _________.
kirill [66]
The choices can be found elsewhere and as follows:

A. marketing strategy-type information;sales data

B. results of surveys on consumer satisfaction; accounts payables

C. transactions such as sales, payroll, and other expenses; financial statements

D.transactions such as the cash flow statement; payroll taxes


I think the correct answer is option D. In a private company’s accounting system, inputs are transactions such as the cash flow statement and outputs are payroll taxes. Hope this answers the question.

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3 years ago
A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions
Katen [24]

Answer:

Letter of Credit is the correct answer.

Explanation:

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2 years ago
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