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kobusy [5.1K]
2 years ago
12

Go back to the Standard Repayment plan in #1 above. Now pay an extra $100 per month (this gets put toward the principal),.

Business
1 answer:
Solnce55 [7]2 years ago
6 0

Answer:

3000* (1+ 0.06) (that little 1 at the corner there <)

= $3,180

3,180 - 3000 = $180 first year

180/12 =$15 per month

The formula is

Principal (money borrowed/3000$) times/*/x (1+ rate (0.06) ) to the power of 1

Please correct me if i got it wrong i’m studying this in class too.

Explanation:

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Below are the account balances for Cowboy Law Firm at the end of December.
drek231 [11]

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

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Less Expenses :

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Explanation:

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3 years ago
The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rat
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Answer: $45000

Explanation:

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= 900,000/3

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4 0
3 years ago
What is the largest item on which the federal government spends the money it raises?
strojnjashka [21]
Answer: social security
8 0
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James Bright's company seeks markets all over the world and attempts to sell products that are a result of planned production fo
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Answer: (D)  International marketing

Explanation:

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3 years ago
A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fix
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A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is $127500.

The contribution margin is computed as the promoting rate per unit, minus the variable fee in keeping with the unit. additionally referred to as greenback contribution in keeping with the unit, the measure shows how a specific product contributes to the general profit of the organization.

The closer a contribution margin percentage, or ratio, is to 100%, the better. The better the ratio, the more money is available to cowl the commercial enterprise's overhead expenses or fixed prices. However, it is more likely that the contribution margin ratio is well below one hundred%, and possibly beneath 50%.

Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.

Learn more about contribution margin here brainly.com/question/24039258

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