If Anna buys a car for $18,000 with a down payment of $2,000 and is given a 3-year loan with an APR of 5 percent and monthly payments of $480, what is the dollar amount of the finance charge on this loan
Answers
Based on the amount that Anna bought the car and the down payment, the dollar finance charge on the loan is $1,280.
What is the dollar finance charge for Anna's loan?This can be found as:
= (Monthly payment x 3 years x 12 months per year) - (Car price - Down payment)
Solving gives:
= (480 x 3 x 12) - (18,000 - 2,000)
= 17,280 - 16,000
= $1,280
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Related Questions
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Answers
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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Ian invested $90,000 in an account paying an interest rate of 2. 6% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 7 years?.
Answers
Answer:
$94176
Explanation:
Amount in 7 years = $90000 * (1 + 0.026/4)^7
Amount in 7 years = $94176
1.
True or False
Enrich Your Vocabulary
What do these words used in the text mean?
frequently (Reporter -1)
i. often
iii. occasionally
ii. regularly
b. deadly (Dr. - 1)
i. related to the dead ii. likely to cause death
iii. as of the dead ones!
Read the inte
are true or
C.
bird
e.
migratory (Dr. - 3_, Fins
i. having the habit of migration ii. having migraine
iii. having the habit of immigration
d. plucking (Dr. - 4)
i. picking
ii. Pulling the feathers off
jii. picking someone from danger
droppings (Dr. - 4)
i. things dropped
ii, solid waste matter of birds
iii. falling of something
pandemic (Reporter - 6)
j. disease that spreads over a whole area
ii. disease that causes pain
iii. disease that is regularly found in a particular area oila
f.
Answers
Answer:
Reporter - 1
i. often
Dr - 1
ii. likely to cause death
Dr - 3
i. having the habit of migration
Dr - 4
ii. pulling the feathers of
Dr. - 4
ii. solid waste matter of birds
Reporter - 6
i. disease that spreads over a whole area
Note that all words are used in context of this text. Words plucking and droppings don't necessarily relate to birds but, used in this context, they do.
differentiate between health assistant and staff nurse
Answers
Answer:
Medical assistants perform tasks like answering phones and scheduling patients, while a nurse typically only performs tasks related to patient care, such as documenting their condition and writing care plans.
Explanation:
Nurses have some administrative work, but they primarily care for patients. This includes writing care plans and documenting conditions. Medical assistants usually perform management tasks such as answering phones and scheduling patients.
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
A large restaurant/catering establishment has 317 employees. Last
year 63 separate employees were injured on the job. What percentage of employees were
injured last year?
Answers
A large restaurant/catering establishment has 317 employees. Last year 63 separate employees were injured on the job 1/5 of the employees, or 19.87%, or almost 20%, were hurt.
We can estimate that 20% is roughly equal to 19.87%. 20% equals 0.2, or one fifth.
19.87% 20%
20% Equals 0.2
0.2 = 1/5
Divide the smaller number by the larger number in order to first determine the percentage. Our result is 0.1987. By multiplying by 100, you may calculate the percentage of a hundred that is present: 19.87%.
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A merchandiser: Multiple Choice Earns net income by buying and selling merchandise. Earns profit from fares only. Receives fees only in exchange for services. Buys products from consumers. Earns profit from commissions only.
Answers
A merchandiser earns net income by buying and selling merchandise.
Who is a merchandiser ?A merchandiser is a person who is in charge of a product from the moment it is delivered to the store up till the point that the good is delivered to a customer.
In other words, a merchandiser is a person who is charge of good once it is bought from the producer up to the point it is sold to the consumer.
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barber charges $20 per haircut. The total cost for running his home-based business is $4,000 per month, which includes his salary of $3,000 per month. The minimum number of haircuts he must do to cover all of these expenses and his salary is 200 per month. The barber wants to increase his salary to $4,000 per month, making his total monthly expenses $5,000. What is the minimum price he must charge for each of the 200 haircuts so he can cover this increased salary? Question 5 options: $25 $30 $15 $20
Answers
The minimum price that the barber must charge to increase his salary to $4,000 for each of the 200 haircuts is A. $25.
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge to increase his salary to $4,000 without increasing the number of haircuts is $25.
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Answer: 25$ is the correct answer
Explanation: I took the test
The lower the market price,
A) the higher the rate of return
B) the riskier the investment
C) the safer the investment
D)the lower the taxes
Answers
For each employee, you are required to pay 1.45% federal Medicare tax and 6.2% federal Social Security tax. If an
employee makes $25,000 per year, how much must you pay in these two taxes?
Answers
Answer:
A) $1,912.50
Explanation:
Both the federal Medicare tax and federal social security taxes are calculated based gross pay.
The medicare tax will be
=1.45% of $25,000
= 1.45/100 x $25,000
=0.0145 x $25,000
=$362.5
Social security tax will be
=6.2/100 x $25,000
=0.062 x $25,000
=$1,550.00
Total taxes = $1550.00 + $362.50
=$1,912.50
The Active group argues that the most likely effect of debt-financed government expenditure on investment is:
a.
movement up a relatively flat investment demand curve that experiences larger shifts
b.
movement up a relatively flat investment demand curve that experiences smaller shifts
c.
movement up a relatively steep investment demand curve that experiences smaller shifts
d.
movement up a relatively steep investment demand curve that experiences larger shifts
Answers
The Active group argues that the most likely effect of debt-financed government expenditure on investment is a movement up a relatively flat investment demand curve that experiences larger shifts (Option A).
Government expenditure refers to the money spent by the government to provide public services and goods to citizens. It is funded by a variety of sources, including taxes, borrowing, and international loans.
An investment is an economic activity in which money is put into a company, project, or financial endeavor with the aim of making a profit.
The Active group argues that when the government increases spending, it leads to a higher level of economic activity, increased consumer demand, and ultimately greater investment. However, if the government finances this spending by borrowing, it will increase the interest rate, making investment more expensive for companies. This, in turn, will cause the investment demand curve to shift upward, making investment more difficult.
The Active group believes that the most likely effect of debt-financed government expenditure on investment is a movement up a relatively flat investment demand curve that experiences larger shifts. This is because the investment demand curve is likely to shift upward more significantly, leading to a smaller increase in investment.
Hence, the correct answer is Option A.
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1. What is the author trying to say in comparing Becky's world with Desta's world?
Help me
Answers
Answer:
The author is trying to say that the living standards of different classes of people depend on the economic choices they make and the economy of the nations they find themselves in.
Explanation:
The topic, "Mathematics and Economic Reasoning," began by comparing the world's of two girls namely Becky and Desta. Becky who lives in America has a good and comfortable living standard. Her father works at a good law firm where he earns well enough to cater for his family. He has some savings, insurance, two cars, and a partially mortgaged house.
Desta, on the other hand, lives in a poor village in Ethiopia where her family depend on farming to survive. They have no running water, electricity, adequate healthcare, enough food, etc. The author drew these comparisons to show that the environment a person finds himself can affect his economic standard of living.
Discuss two accounting principles that are, in
your opinion, the most important and form the
foundation of modern-day accounting. Explain
the reasons for your choices.
Answers
Answer:
Revenue Principle and Cost Principle
Explanation:
Revenue principle defines a point in time when bookkeepers may record a transaction as revenue on the books. This principle states that revenue for the business is earned and recorded at the point of sale.
Cost Principle states that you should use the historical cost of an item in the books, not the resell cost.
Answer:
Matching principle because it is an accounting principle for recording revenues and expenses. It requires that a business records expenses alongside revenues earned.
Disclosure principle because increased transparency in the corporations' operations and management makes it easier for investors to make informed decisions. It also cuts down on the possibility of manipulation or misuse of investors' funds.
What are at least two things you should check for accuracy on your credit report?
Answers
It is important to check your credit report for accuracy on a regular basis. When checking your credit report, there are two main things you should look for: personal information and account information.
Your name, Social Security number, address, contact details, and date of birth are all considered to be personal information.
Creditor names, account numbers, balances, payment history, and any other public data are all included in account information.
As inaccuracies might result in inaccurate credit scores and other issues, it is crucial to make sure that all of this information is exact and current.
A smart technique to make sure your credit information is correct and current is to check your credit report for accuracy.
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Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answers
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
Describe what you really want to remember from the International Human Resource Management class.
Answers
The International Human Resource Management class was an informative and valuable course. I learned a great deal about managing employees in an international context and gained skills that will be useful in my future career.
International Human Resource Management (IHRM) is a subject that focuses on the management of human resources within an international context. The class covers the methods and techniques that are used to manage a workforce across different countries and cultures. This involves dealing with issues such as cross-cultural communication, differences in labor laws, and the challenges of managing a geographically dispersed workforce.
There are several things that I would like to remember from the International Human Resource Management class. Firstly, the class emphasized the importance of understanding the cultural differences between different countries. This is essential for managing employees in different regions, as different cultures have different expectations and values.
Secondly, I learned about the different methods that can be used to recruit and select international employees. This includes using online job boards and social media platforms to attract candidates from different countries.
Thirdly, I learned about the challenges of managing a geographically dispersed workforce. This involves using technology to communicate with remote workers and ensuring that they are engaged and productive.
Finally, I would like to remember the importance of being flexible and adaptable when working in an international context. As an international human resource manager, one must be able to adjust to different cultural and business practices in order to effectively manage a workforce in different countries.
In conclusion, the International Human Resource Management class was an informative and valuable course. I learned a great deal about managing employees in an international context and gained skills that will be useful in my future career.
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A(n) _____ plan is a general plan outlining decisions about resource allocation, priorities, and action steps necessary to reach the goals set by the top managers. a. strategic b. tactical c. contingency d. recovery e. operational
Answers
Answers
strategic
Explanation:
I think the answer to your problem is strategic because you are making a decisions and focuses on carrying out tactical plans to achieve operational goals.
a company that has positive cash flows from its would most likely be able to generate enough cash to continue as a going concern.
Answers
A company that has positive cash flows from its operating activities would most likely be able to generate enough cash to continue as a going concern.
What is the operating activities in Cash flow?Under cash-flow statement, the operating activities refers to the activities of a company in producing and selling its product, generating revenues as well as general administrative and maintenance activities.
Typically, an operating activities section on statement of cash flows shows the inflows and outflows of cash resulting from a company's key operating activities. When a company have positive cash flows from its operating activities, then, this would most likely be able to generate enough cash to continue as a going concern.
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Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 7 percent, and have 10 years to maturity.
a. What is the current yield for Bond P and Bond D? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
b. If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P and Bond D?
Answers
Answer and Explanation:
The computation of the current yield for the bond P and bond D also the expected yield with related to the capital gain for the bond P and bond D should be shown in the attachment without changing the rate of interest. There are two attachments one is of final values and the other ones is of the formulas used
improving both micro-marketing and macro-marketing may require:
Answers
Improving both micro-marketing and macro-marketing may require a comprehensive approach that addresses various aspects of marketing strategy, including market research, segmentation, targeting, positioning.
Micro-marketing focuses on the marketing activities of individual firms and how they target and serve specific customer segments. It involves understanding customer needs and preferences, developing tailored marketing strategies, and implementing tactics to reach and engage with customers effectively.
Macro-marketing, on the other hand, considers the broader market environment and its impact on marketing activities. It involves analyzing industry trends, market dynamics, cultural and societal factors, and government regulations that shape the marketing landscape.
To improve both micro-marketing and macro-marketing, organizations need to take a holistic approach. This includes conducting marketing strategy thorough market research to understand customer behavior and market trends, segmenting and targeting specific customer groups, positioning products or services effectively, and aligning marketing strategies with broader industry and societal factors.
For example, a company may need to invest in market research to gather insights about customer preferences and buying behaviors (micro-marketing), while also monitoring industry trends and adapting marketing strategies to address changing market conditions (macro-marketing). By considering both micro and macro aspects of marketing, organizations can develop comprehensive marketing plans that are responsive to customer needs and aligned with broader market dynamics.
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managers use ________ to visualize how strategic goals relate to one another and to overall firm success.multiple choicestrategic mapsa balanced scorecard approachtotal quality managementsix sigma
Answers
Managers use strategic maps to visualize how strategic goals relate to one another and to overall firm success.
Strategic maps provide a visual representation of the organization's objectives, initiatives, and key performance indicators (KPIs) in a clear and concise manner. They help managers understand the cause-and-effect relationships between different strategic objectives and how they contribute to the organization's overall success.
Strategic maps typically include different perspectives, such as financial, customer, internal processes, and learning and growth. By mapping out these perspectives and their corresponding objectives, managers can identify the interdependencies and align their efforts to achieve the desired outcomes. This visual representation aids in strategic planning, decision-making, and communication throughout the organization, ensuring that everyone understands the strategic direction and their role in achieving the firm's goals.
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which of the following is deducted from the total selling and administrative expense budget to determine the cash disbursements for selling and administrative expense budget?
Answers
The cash distribution for the selling and administrative expenditure budget is calculated by subtracting the depreciation expense from the total.
When an asset is depreciated for a specific period, the cost of the asset reflects how much of its value was used up during that year. The total amount of depreciation expenditure assigned for an asset after it was first used is known as accumulated depreciation.
Companies can recoup the cost of an item at the time it was acquired thanks to depreciation. Instead of recovering the full cost of an asset at the time of purchase, this technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of income in the future.
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Assessment
3/10
Imagine you've used your own money to develop your business idea. Now you need more
funding to keep growing. Which financing method would be available to you at this
stage?
A. Debt financing
B. Angel investing
C. Venture capital
D. Going public
Answers
Ruff Games, Inc., wishes to acquire a controlling interest in Smart Toy Company by buying its stock. Smart Toy is
A an alien corporation.
B an acquiring corporation.
C a receiver.
D a target corporation.
Answers
Smart Toy Company can be classified as a D, a target corporation. When Ruff Games, Inc. aims to acquire a controlling interest in Smart Toy Company by purchasing its stock, Smart Toy Company becomes the target of the acquisition. In this scenario, Ruff Games, Inc. is the acquiring corporation, as mentioned in option B.
To provide some more information, a target corporation is the entity that is being sought after for acquisition or takeover. It is the company that another organization wants to gain control over by buying its stock or shares. The acquiring corporation, on the other hand, is the entity that is seeking to gain control over another company through the acquisition process.To summarize, the correct answer is D, a target corporation, as Smart Toy Company is the company that Ruff Games, Inc. wants to acquire.
In this case, Ruff Games, Inc. intends to acquire a controlling interest in Smart Toy Company, indicating that Smart Toy Company is the target corporation. It's important to note that an alien corporation (option A) refers to a company incorporated under the laws of a foreign country, which is not applicable in this context. Similarly, a receiver (option C) typically refers to a person or entity appointed by a court to manage the affairs of a bankrupt company, which is also not relevant here .To summarize, the correct answer is D, a target corporation, as Smart Toy Company is the company that Ruff Games, Inc. wants to acquire.
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In using statistical process control (SPC) charts, out-of-control points indicate variability attributable to special causes, which should be investigated. True FalseIn common terminology popularized by the Six Sigma process improvement initiative, 6 sigma implies a defect rate of…3.4 percent.3.4 per opportunity.3.4 per million opportunities.unknown quantity: it depends on the context.
Answers
True. In statistical process control (SPC), out-of-control points on control charts indicate that there is variability that is due to special causes. This means that something unusual has happened in the process that is causing the variation.
It is important to investigate these special causes to identify the root cause of the problem and take appropriate corrective action.
Six Sigma is a process improvement methodology that aims to reduce defects and improve quality. In Six Sigma, 6 sigma refers to a defect rate of 3.4 defects per million opportunities (DPMO). This means that the process is capable of producing products or services that are defect-free 99.99966% of the time. The goal of Six Sigma is to reduce variation in the process and bring it within the 6 sigma limits, resulting in high-quality products or services that meet customer expectations.
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What might be an advantage of using credit
Answers
- Prepare journal entries to record the following merchandising transactions of Lucky Merchandiser, Inc., which uses the perpetual inventory system and the gross method. Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron.
Aug.
1
Purchased merchandise from Aron Company for $5,000 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
5
Sold merchandise to Baird Corp. for $3,500 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $2,000.
8
Purchased merchandise from Waters Corporation for $4,000 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
9
Paid $110 cash for shipping charges related to the August 5 sale to Baird Corp.
10
Baird returned merchandise from the August 5 sale that had cost Lowe’s $500 and was sold for $1,000. The merchandise was restored to inventory.
12
After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe’s received a price reduction from Waters of $400 off the $4,000 of goods purchased. Lowe's debited accounts payable for $400.
14
At Aron’s request, Lowe’s paid $320 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts payable) to Aron.
15
Received balance due from Baird Corp. for the August 5 sale less the return on August 10.
18
Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
19
Sold merchandise to Tux Co. for $3,000 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $1,500.
22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe’s gave a price reduction (allowance) of $500 to Tux and credited Tux's accounts receivable for that amount.
29
Received Tux’s cash payment for the amount due from the August 19 sale less the price allowance from August 22.
30
Paid Aron Company the amount due from the August 1 purchase.
Answers
Aug. 1: Accounts Payable - Aron Company $5,000; Inventory $5,000.
Aug. 30: Accounts Payable - Aron Company $4,680; Cash $4,680.
Aug. 1:
Accounts Payable - Aron Company $5,000
Inventory $5,000
Aug. 5:
Accounts Receivable - Baird Corp. $3,500
Sales $3,500
Cost of Goods Sold $2,000
Inventory $2,000
Aug. 8:
Accounts Payable - Waters Corporation $4,000
Inventory $4,000
Aug. 9:
Freight Expense $110
Cash $110
Aug. 10:
Sales Returns and Allowances $1,000
Accounts Receivable - Baird Corp. $1,000
Inventory $500
Cost of Goods Sold $500
Aug. 12:
Accounts Payable - Waters Corporation $400
Accounts Payable - Waters Corporation $400
Aug. 14:
Freight Expense $320
Cash $320
Aug. 15:
Accounts Receivable - Baird Corp. $500
Sales Returns and Allowances $500
Aug. 18:
Accounts Payable - Waters Corporation $3,600
Cash $3,600
Aug. 19:
Accounts Receivable - Tux Co. $3,000
Sales $3,000
Cost of Goods Sold $1,500
Inventory $1,500
Aug. 22:
Sales Returns and Allowances $500
Accounts Receivable - Tux Co. $500
Aug. 29:
Cash $2,500
Accounts Receivable - Tux Co. $2,500
Aug. 30:
Accounts Payable - Aron Company $4,680
Cash $4,680
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QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
a) True
b) False
Answers
Answer:
True
Explanation:
By failing you learn from your mistakes, and it's just overall good to fail, the more you fail the more you learn and learn not to repeat it.
Which is NOT a type of planning used by management?
A Short-term
B Deliberate
C Strategic
D Long-term
Answers
Answer:
B Deliberate
Explanation:
Planning involves thinking ahead of events. It entails preparing beforehand for future activities. Managers will engage in planning to ensure the business meets its objectives.
There are different types of plans. Manager can make short term or long term plans which are based on time. Strategic plans are about methodology or procedure. Deliberate is not a type of planning.
Companies that believe they can make decisions unilaterally, without taking into consideration their impact on others, are:
a. Interactive.
b. Proactive.
c. Reactive.
d. Inactive.
Answers
Correct option is d.
Companies that believe they can make decisions unilaterally, without taking into consideration their impact on others, are d. Inactive.
These companies are not interactive, as they do not take into consideration the impact of their decisions on others. They are also not proactive, as they do not take steps to prevent negative consequences from occurring. They are also not reactive, as they do not respond to negative consequences after they occur. Instead, they are inactive, as they make decisions without considering their impact on others. Hence option D is correct.
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