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
konstantin123 [22]
3 years ago
8

Carlos bought a $235 water heater with his credit card. He used the water heater for five years before replacing it. He paid off

the water heater after two years, making monthly payments. The water heater cost him an average of $1. 56 per week in electricity, and $0. 78 per week in water. If Carlos’s credit card has an APR of 14. 15%, compounded monthly, and he made no other purchases with it, what percentage of the lifetime cost of the water heater was interest? (Round all dollar values to the nearest cent. ) a. 14. 15% b. 13. 35% c. 4. 12% d. 30. 83%.
Business
1 answer:
Effectus [21]3 years ago
8 0

Answer:

c 4.12

trust me ok

You might be interested in
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,000 for six months of insurance c
Bas_tet [7]

Answer:

Adjusting Entries

December 31

Dr. Insurance Expense $2,000

Cr. Prepaid Insurance $2,000

December 31

Dr. Supplies Expense $8,200

Cr. Supplies account $8,200

Explanation:

On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.

Now calculate the supplies expense using the following formula

Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200

3 0
3 years ago
In a mixed economy, how is output allocated? Question 4 options: Via the market mechanism Partly by the market mechanism and par
gladu [14]

Answer:

Partly by the market mechanism and partly by the political process.

Explanation:

Capitalist Economy is private owned economy, with no state control, having profit maximisation objective. Socialist economy is state (govt) owned economy, having social welfare objective.

Mixed Economy is an economy co-owned by private & government sector. The goal is to achieve balance between profit maximisation & social welfare. The central problems of economy 'what, how, for whom to produce' are solved by both private & government sector. Output is allocated both on the basis of free market demand & supply mechanism, also on the basis of state/ govt (political) process. The govt (political) process regulates & monitors private role through various market interventions :- maximum quotas, price ceiling, price floor etc.

7 0
3 years ago
The 2017 Form 10-K of Oracle Corporation, for the May 31, 2017 year-end, included the following information relating to their al
KatRina [158]

Answer:

B. $129 million

Explanation:

bad debt expense for the year = balance in allowance at the end + write off - balance in allowance at the beggining

= $319 million + $137 million - $327 million

= $129 million

Therefore, Oracle Corporation report as bad debt expense for the year is $129 million.

5 0
3 years ago
Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49
Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $   8,000

Add: Adjusted basis of cash register = $       350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0
3 years ago
Other questions:
  • To be useful, market research has to be _____.
    12·2 answers
  • A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th
    10·1 answer
  • In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their po
    9·1 answer
  • The 9 digit number that identifies the bank that a check came from is called?
    11·2 answers
  • For each of the following statements, indicate whether it is true, false, or uncertain and explain why. Average total cost is al
    13·1 answer
  • Suppose the demand curve for a product is given by Q = 11 - 2P + 3Ps Where P is the price of the product and Ps is the price of
    13·1 answer
  • Assume that, after the divorce agreement was reached, Steve Simkin found that his Madoff account had substantially increased in
    15·1 answer
  • Janet needs an elevator seat attached to her stairs since she has a medical condition that makes her unable to climb the stairs
    14·1 answer
  • Keisler's has cost of goods sold of $11,518, interest expense of $315, dividends of $420, depreciation of $811, and a change in
    8·1 answer
  • Kate was responsible for hiring a fireworks company to put on a show at the end of the local college team's homecoming game. Whe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!