1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juli2301 [7.4K]
2 years ago
7

Which person would benefit most from taking advantage of a low variable

Business
1 answer:
never [62]2 years ago
7 0

Based on the information, the individual that'll benefit from the interest rate will be C. Evan needs to borrow money to pay for car repairs, but he will be able to pay off the loan within two to three months.

A variable interest rate simply means an interest rate that fluctuates. It's different from a fixed interest rate. It should be noted that variable interest rates have low interest rates and are typically used for short-term financing.

Therefore, the person that would benefit most from taking advantage of a low variable interest rate will be Evan who needs to borrow money to pay for car repairs, but he will be able to pay off the loan within two to three months.

Read related link on:

brainly.com/question/25697560

You might be interested in
A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha
bagirrra123 [75]

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

7 0
2 years ago
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,2
Svetradugi [14.3K]

Answer:

$31,100

Explanation:

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300.

Therefore the amount of stockholders’ equity as of May 31 of the current year can be derived by the formula : Capital = Assets - Liabilities

<u>Assets</u>

Cash $20,500;

Accounts Receivable, $7,250;

Supplies, $650;

Equipment, $12,000

TOTAL = 40,400

<u>Liabilities</u>

Accounts Payable, $9,300.

Therefore stockholders’ equity = 40,400 - 9,300 = $31,100

7 0
2 years ago
Windsor Industries acquired two copyrights during 2017. One copyright related to a textbook that was developed internally at a c
Art [367]

Answer:

Balance sheet extract:

Intangible assets:

Copyright 1      $0

Copyright 2      $48,000

Explanation:

The points to note in the question are enumerated as follows:

An internally generated intangible asset cannot  be capitalized.By capitalization ,I mean its costs is treated as intangible asset to be amortized over its useful life.As a result,the $16,000 incurred on the internally generated intangible asset,specifically,the first copyright should be treated as expense when  incurred.

However,the second copyright that was bought from University Press can be treated as asset but cannot be amortized since it has indefinite life,but would be tested for impairment on a yearly basis,with impairment losses charged to profit or loss account.

7 0
3 years ago
What does partnership form of business imply
stiks02 [169]
The answer should be two or more and central
7 0
3 years ago
Read 2 more answers
Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers’ specifications. St
Volgvan

Answer:

$307,300

Explanation:

Total cost of Job 179:

= Direct material for Job 179 + Direct labor cost for Job 179 + Overhead cost for Job 179

= $30,500 + $45,000 + (2,000 × $25)

= $30,500 + $45,000 + $50,000

= $125,500

Total cost of Job 177 and Job 179:

= Total cost of Job 179 + cost of Job 177

= $125,500 + $94,000

= $219,500

Sales revenue for February:

= Total cost of Job 177 and Job 179 × Markup percentage

=  $219,500 + ($219,500 × 40%)

= $219,500 + $87,800

= $307,300

6 0
2 years ago
Other questions:
  • The directors of​ x-lam inc., a manufacturer of electric water​ heaters, meet to discuss ways to increase their net profit. they
    15·1 answer
  • Logistics Trucking Company operates a fleet of fuel trucks. When one of the trucks is positioned to receive a load of biofuel, i
    14·1 answer
  • Ron Landscaping's income statement reports net income of $73,300, which includes deductions for interest expense of $10,500 and
    11·1 answer
  • FIFO and LIFO are two common methods used to compute the depreciation of tangible assets. True or false?
    15·1 answer
  • Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months serv
    5·1 answer
  • Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people lose their jobs and remain une
    6·2 answers
  • The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic l
    7·2 answers
  • 7. What type of format is created when an email address is typed in a
    8·1 answer
  • Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called H
    12·1 answer
  • Running at the same constant rate, 6 identical machines can produce a total of 270 bottles per minute. At this rate, how many bo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!