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kap26 [50]
2 years ago
14

Paul has budgeted to pay $80 each month on his credit card which has a $2,818 balance and has an annual finance rate of 15.9%. H

ow many years will it take him to pay off the card?
Business
1 answer:
Mashcka [7]2 years ago
4 0

Answer:

time = 4 year

Explanation:

given data

pay each month =  $80  

Credit card balance = $2,818

annual finance rate = 15.9%

solution

we get here time period that is express by as

Monthly payment = \frac{(P \times \frac{r}{12}) \times (1+ \frac{r}{12})^t }{(1+\frac{r}{12})^t-1}     ............1

put here value and we get

80 =  \frac{(2818 \times \frac{0.159}{12}) \times (1+ \frac{0.159}{12})^t }{(1+\frac{0.159}{12})^t-1}    

solve it we get time t

t = 48 month

time = 4 year

 

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Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different meth
velikii [3]

Answer:

$375

Explanation:

If Johnson will use the desired gross margin percentage to determine the selling price of its products, they must use the following formula:

selling price per unit = total manufacturing costs per unit / (1 - gross margin)

Total manufacturing costs = variable manufacturing costs + total fixed costs + batch level fixed overhead = $2,350,000 + $1,200,000 + $200,000  = $3,750,000

total manufacturing cost per unit = $3,750,000 / 20,000 units = $187.50

selling price per unit = $187.50 / (1 - 50%) = $187.50 / 50% = $375

7 0
1 year ago
Due to his reputation of putting together powerful presentations, Bennett was contractually hired by Robotic Life, Inc., to help
Alla [95]

Answer: Virtual organization

Explanation:

Virtual organization is referred to as or known as a permanent or temporary collection of the geographically dissipate individuals, organizational units, groups, or maybe the entire organization that tends to depend upon the electronic linking so as to complete production of the process. Virtual organizations do not tends to represent an organization's attribute but on the other hand is taken in consideration as a completely different organizational form.

4 0
1 year ago
Blacken Company manufactures motorcycles. The company's management accountant wants to calculate the fixed and variable costs as
Alex

Answer:

fixed cost = 11.026,6

Explanation:

we will use the High-Low method to sovle for variable and fixed component of utilities:

We subtract the high form the low

\left[\begin{array}{ccc}High&2710&34712\\Low&2200&30255\\Diference&510&4457\\\end{array}\right]

510 hours generates 4,457 cost in utilities.

so variable cost:

4,457 / 210 = 8.74

Then we solve for fixed cost:

total cost = variable cost x Q + fixed cost

34,712 = 8.74(2,710) + fixed cost

fixed cost = 11.026,6

6 0
2 years ago
Nan presents her plan for a slip-on shoe that is water repellent, inexpensive, and highly fashionable. She believes that the mar
Mazyrski [523]

Answer:

c. the exaggerated hockey stick

Explanation:

Based on the information provided within the question it can be said that the business plan error that Nan is incurring is the exaggerated hockey stick. In the context a business, "a hockey stick" explains a startups growth as a linear steady growth at launch until it hits a certain tipping point and has a growth explosion. It seems though, that in this scenario Nan is exaggerating the initial growth aspect of the startup as saying that they can capture 40% of the market, which is an extremely high value.

5 0
1 year ago
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
2 years ago
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