Bernadette took out a loan for $1250 at a 10.8% APR, compounded monthly, to buy a refrigerator. If she will make monthly payments of $85.50 to pay off the loan, which of these expressions could be used to calculate the number of payments she will have to make?
Answer:
log(85.5/85.5-(1250)(0.009))/log(1+0.009)
Explanation:
exactly how it is. I got it correct
Final answer:
To calculate the number of payments Bernadette will have to make to pay off her loan, we can use the present value formula. By plugging in the values, we find that she will have to make approximately 17 payments.
Explanation:
To calculate the number of payments Bernadette will have to make to pay off her loan, we need to use the present value formula:
PV = PMT × (1 - (1 + r)⁻ⁿ) / r
Where:
PV is the present value of the loan, which is $1250
PMT is the monthly payment, which is $85.50
r is the monthly interest rate, which is 10.8% divided by 12 (0.108 / 12)
n is the number of payments
By rearranging the formula and solving for n, we can find the number of payments:
n = -log(1 - (PV × r) / PMT) / log(1 + r)
Plugging in the values, we get:
n = -log(1 - (1250 × (0.108 / 12)) / 85.50) / log(1 + (0.108 / 12))
Simplifying this equation gives us:
n ≈ 16.57
Therefore, Bernadette will have to make approximately 17 payments to pay off her loan.
Which of the 4ps in the marketing mix is most directly related to discounts and allowances of purchased products in a b2b transaction?
One of the four Ps of the marketing mix, price, is most closely tied to the discounts and allowances given for goods purchased in a B2B transaction.
What is Business-to-Business (B2B)?
Business-to-business (B2B), sometimes known as B-to-B, is a type of transaction that takes place between businesses. Examples include a transaction between a manufacturer and wholesaler or a wholesaler and a retailer. In contrast to doing business with a single consumer, business-to-business refers to transactions between businesses. The terms "business-to-business" and "business-to-government" refer to different types of transactions.
B2B transactions are also typical for businesses in the auto industry, as well as for housekeeping, property management, and industrial cleanup firms. Business-to-consumer transactions (B2C) are those that take place between a corporation and a single consumer.
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failure to pay on a mortgage is called
Answer:
Defualt
Explanation:
What term describes laws aimed at promoting competition among firms?
An increase in the minimum wage would question 2 options: 1) increase both the quantity demanded and the quantity supplied of labor 2) decrease the quantity of labor demanded while increasing the quantity supplied 3) decrease both the quantity demanded and the quantity supplied of labor 4) increase the quantity of labor demanded while decreasing the quantity supplied save
What is the origin of the term “to post” advertisements?
The sahara company purchased equipment on january 1, 2015, for $100,000. the equipment had an estimated residual value of $10,000, an estimated useful life of five years, and estimated lifetime output of 18,000 units. in 2016, the company produced 4,400 units and recorded depreciation expense of $22,000. what depreciation method did the company use?
Final answer:
The Sahara Company used the units-of-production method for calculating depreciation on their equipment, with a calculated depreciation rate of $5 per unit, resulting in a $22,000 expense for the 4,400 units produced in 2016.
Explanation:
The Sahara Company seems to have used the units-of-production depreciation method when recording the depreciation expense for their equipment. This method allocates the cost of an asset over its useful life based on the number of units it produces. The calculation would involve subtracting the residual value ($10,000) from the cost of the equipment ($100,000) to determine the depreciable base ($90,000), then dividing by the estimated total units of production (18,000 units) to get the depreciation rate per unit.
In 2016, Sahara produced 4,400 units. Using the units-of-production depreciation method, the depreciation expense for that year would be the depreciation rate per unit multiplied by the number of units produced.
If the recorded depreciation expense is $22,000, we can infer that this method was indeed used.
As a confirmation, we can calculate the rate per unit: $90,000 / 18,000 units = $5 per unit.
By multiplying $5 per unit by the number of units produced in 2016 (4,400 units), we get $22,000, which matches the recorded depreciation expense.
Internet-based commerce is called _____ and includes two main sectors: b2c (business-to-consumer) and b2b (business-to-business).
Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annual interest rate is 8%, what is the present value of the winnings?
The present value of the annual winnings is approximately $1,857,347.16.
Explanation:The present value of an annual payment can be calculated using the formula:
Present Value = Payment / (1 + Interest Rate)n
In this case, the payment is $100,000, the interest rate is 8%, and the number of years is 20. Plugging these values into the formula, we get:
Present Value = $100,000 / (1 + 0.08)20
Using a calculator, the present value is approximately $1,857,347.16
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Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value of $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method?
Final answer:
To estimate the ending inventory at cost under the retail method, calculate the cost-to-retail percentage and apply it to the ending inventory at retail. The cost-to-retail percentage is approximately 61.54%, and the estimated ending inventory at cost for Chewy Candy is about $1,415.42.
Explanation:
To calculate the estimated ending inventory at cost using the retail method, we first need to find the cost-to-retail percentage and then apply it to the ending inventory at retail.
Calculate the cost-to-retail percentage.Therefore, the estimated ending inventory at cost for Chewy Candy as of June 30 is approximately $1,415.42.
You mow your neighbor's yard and he pays you $25. Which function of money does this BEST represent?
Answer:
The correct answer is Medium of Exchange.
Explanation:
There are three Functions of Money. One of the function is Medium of Exchange. Second one is the Store of Value and the Third one is Unit of account.
In this example, the function of the money is represented as the Medium of Exchange. One neighbor mow others neighbor's yard and in exchange of this service, the other neighbor paid $25 to that neighbor who did the service of mowing for him.
Which statement best defines the term copayment? A) It is money a consumer receives after experiencing a loss. B) It is a payment made before a consumer can make a claim. C)It is money paid by a consumer to share the cost of a payout. D) It is a fee paid to an insurance company to purchase coverage.
The correct answer is C. It is money paid by a consumer to share the cost of a payout.
Copayment is termed as the amount which is fixed which covers a service or being paid by a patient to the provider before the service is being received.
Mostly copayment occurs in insurance companies whereby the insured pays some amount of money before accessing to medical service.
In order to prevent moral hazard bu insurance company they use copayment so as to share the costs of health care.
Answer:
it is money paid by a consumer to share the cost of a payout (c)
Explanation:
In 2003 the presidents of the african countries of mali and burkina faso requested that rich countries apply free trade rules to those products where poor countries have a proven competitive advantage. argued that free trade was not a policy that developing nations would find it wise to follow. said that at their current stage of development that most of the principles of market economies were not practical. none of the above is correct.
Why is it not useful to look around the room when listening to a speech ?
Answer:
Looking at other things can cause your mind to make connections leading to another train of thought
Explanation:
The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be
below average.
average.
above average.
the same as 2000.
The employment potential in the Education and Training career cluster is expected to be above average compared to other clusters due to higher growth rates for jobs requiring more education. The correct answer is C.
The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be:
Above average
Higher growth rates are projected for jobs requiring more education
Jobs without degrees may find it more challenging to secure employment
What strategies can i use with keywords to help narrow down the search results?
Final answer:
To efficiently narrow down search results, use Boolean operators, limit results with advanced search options, and develop effective keywords, revising your strategy if needed.
Explanation:
To narrow down search results using keywords, u user can consider the following strategies:
Use Boolean operators such as AND, OR, and NOT to combine keywords, exclude words, or include synonyms for more precise results.Utilize advanced search options to limit your results to certain domains or to find content with specific usage rights.Develop effective keywords by breaking down your topic into main concepts and considering synonyms or related terms for flexibility.Part of effective searching is revising your strategy if needed. If initial results are not satisfactory, add more specific words or change the keywords to better match what you're looking for.
Responsibility accounting cannot be used effectively
a.for costs allocated to the responsibility level.
b.when budget data can be developed for evaluating the manager's effectiveness in controlling costs.
c.for costs that can be directly associated with the specific level of responsibility.
d.for costs controllable at the level of responsibility with which they are associated.
In which form of business is a single individual responsible for the repayment of any debts? proprietorship. corporation. partnership. family-run business?
What happens to the surplus payroll taxes generated by social security? the surplus money is deposited into individual workers' personal savings accounts. the surplus money is used to buy u.s. treasury notes. the surplus money is deposited into supplemental retirement accounts for current beneficiaries. the surplus money is deposited into the general fund. none of the above?
The reviews editor for a certain scientific journal decides whether the review for any particular book should be short (1–2 pages), medium (3–4 pages), or long (5–6 pages). data on recent reviews indicates that 60% of them are short, 20% are medium, and the other 20% are long. reviews are submitted in either word or latex. for short reviews, 60% are in word, whereas 50% of medium reviews are in word and 20% of long reviews are in word. suppose a recent review is randomly selected.
The question involves using probability to analyze the distribution of scientific journal reviews by length and format, demonstrating how to calculate combined probabilities for specific characteristics (e.g., a short review submitted in Word).
Explanation:The question at hand involves the application of probability and statistics to understand the distribution and characteristics of scientific journal reviews based on their length and submission format (Word or LaTeX). Given are percentages describing the distribution of reviews by length and the proportion of these that are submitted in Word format. Specifically, 60% of reviews are short, 20% are medium, and 20% are long. For submission formats, 60% of short reviews, 50% of medium reviews, and 20% of long reviews are submitted in Word.
To calculate the probability that a randomly selected review is both short and submitted in Word, one would multiply the probability of a review being short (0.6) by the probability of a short review being submitted in Word (0.6), resulting in a 36% probability (0.6 * 0.6 = 0.36).
The question allows us to practice combining probabilities from different categories and subcategories, demonstrating the importance of understanding detailed characteristic distributions when analyzing data.
The ________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.
Disability income insurance will provide income to a disabled or ill person ___________.
what is the term for fees that must be paid to the lender before a check for purchase can be released?
a. home fees
b. nonrecurring fees
c. closing costs
d. recurring fees
Answer: CLOSING COST
Explanation: APEX
Planet company sells a product for $16 per unit, variable cost is $12 per unit, and the total fixed cost is $6,000. What is the break-even point in units?
Final answer:
The break-even point is 1,500 units.
Explanation:
To calculate the break-even point, we need to find the point where the total cost equals the total revenue. Total cost is the sum of fixed cost and variable cost per unit multiplied by the number of units, while total revenue is the selling price per unit multiplied by the number of units.
In this case, the fixed cost is $6,000, the selling price per unit is $16, and the variable cost per unit is $12. Let x represent the number of units sold. We can set up the equation:
Total cost = Total revenue
$6,000 + $12x = $16x
Solving for x, we get:
$6,000 = $4x
x = $6,000/$4 = 1,500
Therefore, the break-even point is 1,500 units.
To calculate the break-even point for Planet company, the total fixed costs ($6,000) are divided by the contribution margin per unit, calculated as the selling price per unit ($16) minus the variable cost per unit ($12), resulting in a break-even point of 1,500 units.
Explanation:The student's question pertains to calculating the break-even point for a product that Planet company sells. To find the break-even point in units, you must divide the total fixed costs by the contribution margin per unit, which is the selling price per unit minus the variable cost per unit. In this case, the break-even point in units for the Planet company, which sells the product for $16 per unit, incurs a variable cost of $12 per unit, and has total fixed costs of $6,000, would be calculated as follows:
Total Fixed Costs = $6,000
Selling Price per Unit (SP) = $16
Variable Cost per Unit (VC) = $12
Contribution Margin per Unit (CM) = SP - VC = $16 - $12 = $4
Break-even Point in Units (BEU) = Total Fixed Costs / CM = $6,000 / $4 = 1,500 units
Therefore, Planet company would have to sell 1,500 units of its product to reach the break-even point.
Which choice best describes labor laws passed during the New Deal?
A. Union friendly
B. Neutral towards unions
C. No labor laws were passed during that time period
D. Anti-union
Other than raw materials and manufacturing overhead, what is the third component of inventories for manufacturing companies?
a. direct labor
Hillary wants to purchase a refrigerator on credit. if she uses an installment plan, what is most likely to occur? a discounted price on her purchase will not be offered. taxes will not be charged. a down payment will be required. by law, finance charges on her account cannot exceed 20 percent of the purchase price.
Tina's mother and father pay her car insurance as long as she makes good grades. This is an example of which economic concept? A) scarcity B) law of demand C) positive incentive D) negative incentive
the answer is C. positive incentive
Environmental groups or fair labor practice groups that challenge firms to maintain high standards are examples of:
a. primary stakeholder groups
b. secondary stakeholder groups
c. shareholders
d. csrs
______ is the total accumulation of past budget deficits less surpluses.
The subject of this question is Social Studies, specifically federal deficits and the national debt. A budget deficit occurs when the government's spending exceeds its revenue, and the national debt is the total accumulation of past budget deficits minus surpluses.
Explanation:The subject you are asking about is Social Studies. Specifically, this question pertains to the study of federal deficits and the national debt.
A budget deficit occurs when the government spends more money than it collects in revenue during a fiscal year. The total accumulation of past budget deficits, subtracted from surpluses, is known as the national debt. This is the sum of all the budget deficits and surpluses over time.
In the United States, the national debt has increased significantly during times of war and recession, such as World War II and the 2008-2009 recession.
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