Find the payment necessary to amortize the loan. Round the answer to nearest cent. $12,000; 12% compounded monthly; 48 monthly payments ..... O A. $316.23 O B. $316.01 O C. $1,446.27 O D. $310.98
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Answer:
To find the payment necessary to amortize the loan, you can use the formula for calculating the monthly payment on a loan. For this loan amount of $12,000, an interest rate of 12% compounded monthly, and 48 monthly payments, the payment amount would be approximately $316.23. So, the correct answer is option A. $316.23.
Related Questions
Q 13.18: Which of the following statements is correct? A : Service companies prepare budget data using an expected input approach while manufacturers prepare budget data using an expected output approach. B : The budgets of service companies are approved by voters. C : The production budget is derived from the direct materials and direct labor budget. D : In the budget process for not-for-profit organizations, the emphasis is on cash flow rather than on revenue and expenses.
It is early in the year, and Keesha would like to start saving money for next year’s holiday presents. What type of account should Keesha open?
The term for a rise in prices of general consumer goods isa. peaking. b. price indexing. c. inflation. d. deficit.
Connie lost her wallet that contained a bank debit card. What is the maximum amount Connie would be responsible for if someone uses her debit card before she can report it missing? $50 $75 $100 $150
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The answer is "threat".
SWOT analysis is a structure used to assess an organization's aggressive position by distinguishing its qualities, shortcomings, openings and dangers. In particular, SWOT analysis is a central appraisal demonstrate that estimates what an association can and can't do, and its potential chances and dangers.
Threats allude to factors that can possibly hurt an association. For instance, a dry spell is a danger to a wheat-creating organization, as it might wreck or diminish the harvest yield. Other basic dangers incorporate things like increasing expenses for sources of info, expanding rivalry, tight work supply etc.
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Sales Returned and Allowances $50
Allowance for Sales Return and Allowances $50
Lavender expects 5 jars at $10 each ($50 total) to be returned.
Explanation:
Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers a right to return the product for any reason. Based on past sales, Lavender expects Bed, Bath, and Relax to return 5 jars
Using the above stated information we get the given data :-
Sales Returned and Allowances $50
Allowance for Sales Return and Allowances $50
Lavender expects 5 jars at $10 each ($50 total) to be returned.
The adjusting journal entry on December 31 reflects
- The right of return by debiting Sales Returns and Allowances (a contra-revenue account) and
- Crediting Allowance for Sales Returns and Allowances (a contra-asset account to Accounts Receivable).
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Answer:
The amount after 2 year will be $212.2416
Explanation:
We have given principle amount P = $200
Time period n = 3 years
Rate of interest r = 2 %
We have to find the amount after 2 years if the amount is compounded annually
We know that amount is given by
So the amount after 2 year will be $212.2416
After 1 year, $200 x 1.02 = $204
After 2 years, $204 x 1.02 = $208.08
After 3 years, $208.08 x 1.02 = $212.24
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Answer:
Gross is the amount you earn; net is the amount after deductions.
Explanation:
B) Electricity bill for the entire store
C) Cost of goods sold for the department
D) Advertising expenses for the department
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Final answer:
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Employee salaries, cost of goods sold, and advertising expenses for the department would be classified as direct costs.
Explanation:
An indirect cost in a large retail sales store when assigning costs to a particular department would be the electricity bill for the entire store. Indirect costs are expenses that cannot be directly attributed to a specific department or product. Employee salaries of the department, cost of goods sold for the department, and advertising expenses for the department would be classified as direct costs as they are directly related to the department in question.
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A special event that is for people outside a company, such as customers, potential customers, and the public is an External event. Thus the correct option is C.
What is a Customer?
A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
The events which are conducted outside the organization are mainly for Stakeholders of the business who helps the business to grow and by incresing sales.
A group of persons deemed likely to patronize a company is known as the target audience. Similar demographic qualities are present in target audiences. To convince a significant number of people, external events are planned.
Therefore, option C is appropriate.
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Answer:
external event
Explanation:
external means outside of