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Drupady [299]
2 years ago
15

Lucy Garcia took out a loan for $40,000 at 10 percent interest for 10 years. Her monthly payments are $528.60. She made payments

for one year and has paid the principal down to $37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round final answer to nearest dollar)?
Business
1 answer:
8090 [49]2 years ago
3 0

Answer:

<em><u>below</u></em>

Explanation:

<em><u>•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (round</u></em>

<em><u>•$37,546.36. She now wants to repay the loan early. The loan specifies a $300 prepayment penalty if she pays the loan now. How much will she save by paying the loan early (roundfinal answer to nearest dollar)?•</u></em>

<em><u>I </u></em><em><u>hope </u></em><em><u>it </u></em><em><u>helps </u></em><em><u>^</u></em><em><u>-</u></em><em><u>^</u></em>

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Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $
Tcecarenko [31]

Answer:

Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000

Explanation:

Given data:

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Direct labor cost = $3,00,000

Overhead\  rate = \frac{Estimated\  Overhead}{Estimated\ direct\ labor\ cost}

                        = \frac{2,40,000}{3,00,000}      

                         = $ 0.80 per direct labor cost      

Applied\ Overhead = Actual\  Labor\ cost\times Overhead\ rate      

                             = $ 2,80,000\times $ 0.80 Per direct labor cost  

                             =$ 2,24,000        

Actual Overhead cost = $ 2,20,000        

Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.

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Answer:

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2 years ago
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7 0
2 years ago
Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200
KonstantinChe [14]

• eqm Q = 175

• eqm P = $ 190

<u>Explanation:</u>

At current price,  Quantity Demanded is less than Quantity supplied

As Qd = 200, Qs = 160

• so market is currently experiencing a deficiency, as Qd > Qs

•so to adjust, market price will incraese,

so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs

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• eqm P = $ 190

As if P falls by 1, then P = 194

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If P = 193, Qd = 190, Qs = 166

If P = 191, Qd = 180, Qs = 172

P = 190, Qd = 175, Qs = 175

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