answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lianna [129]
2 years ago
11

Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike bo

rrow from the credit union?
Business
1 answer:
djyliett [7]2 years ago
4 0
He will borrow 80% of the cost of the car.
80/100*11350= <span>$ 9080</span> 
You might be interested in
According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
Natalka [10]

Answer:

lower range 33.822 years

upper range 38.178 years

Explanation:

step 1:

48 -1 = 47

step 2:

(1 - 95%) / 2 = 0.025

step 3:

we look at the T distribution table for degrees of freedom (df) = 47, and α = 0.025; = 2.0117

step 4:

divide sample standard deviation by square root of sample size

7.5 years / √48 = 7.5 / 6.9282 = 1.0825

step 5:

multiply results from step 3 and 4

2.0117 x 1.0825 = 2.178

step 6:

for the lower range, subtract step 5 from sample mean

36 - 2.178 = 33.822

step 7: for the upper range, add step 5 with sample mean

36 + 2.178 = 38.178

6 0
1 year ago
29. Maxwell is trying to decide whether to accept a salary of $60,000 or a salary of $25,000 plus a bonus of 20% of net income a
Akimi4 [234]

Answer:

Maxwell world consider choice equal to $310000

Explanation:

given data

accept a salary = $60,000

salary = $25,000

bonus = 20% of net income

to find out

amount of income would be necessary so that Maxwell would consider

solution

we get here income by bonus that is express as

bonus = 2 ( income - bonus - salary )   ..............1

3500 = 2 ( income - ( 0.2 × 35000 ) - ( 0.2 × (75000 + 35000) )

solve it we get

income = $310000

so Maxwell world consider choice equal to $310000

3 0
2 years ago
During a period of rising prices, using fifo (first-in, first-out) inventory valuation method will result in ________ net income
dlinn [17]
The correct option is "higher".

<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
7 0
1 year ago
Elliot and Conrad (a two-member LLC) operated a consulting firm (a "specified services" business). The business is equally owned
juin [17]

Answer:

Elliot's qualified business income deduction is $28,000.

Explanation:

total income

= share in specified service business income + wages of wife

= 280000*50% + $90000

= $230,000

taxable income before QBI = total income - standard deduction

                                              = $230,000 - $24,000

                                              = $206,000

QBI deduction is lesser of:

- 20% of qualified business income

= $140,000*20%

= $28,000

Therefore,  Elliot's qualified business income deduction is $28,000.

8 0
1 year ago
Shannon, who has a job and no dependents, has two credit cards she uses for food and entertainment. All card balances are close
IgorC [24]

Answer:

Pay off all her balances within the payment cycle.

Explanation:

The other answers don't make sense.

7 0
1 year ago
Other questions:
  • Wyatt's annual take-home pay is $39,000. what is the maximum amount that he can spend per month paying off credit cards and loan
    15·2 answers
  • Last year, Webster Farms had annual revenue of $87,200, depreciation of $11,600, cost of goods sold of $54,700, and administrati
    6·1 answer
  • Last year, Kaylor Equipment had $15,900 of sales, $500 of net new equity, dividend payments of $75, an addition to retained earn
    12·1 answer
  • Mercury Inc. purchased equipment in 2019 at a cost of $400,000. The equipment was expected to produce 700,000 units over the nex
    14·2 answers
  • The Terrence Co. manufactures two products, Baubles and Trinkets. The following are projections for the coming year: Baubles Tri
    7·1 answer
  • The task of securing all necessary personnel, space, and financing; supervising all production and promotion efforts; fielding a
    8·1 answer
  • In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client
    14·1 answer
  • Wanda is at work, on the clock, and is working on her private commercial business. She receives a reprimand from her supervisor.
    8·2 answers
  • "Flo is considering three mutually exclusive options for the additional space she plans to add to her specialty women's store. T
    7·1 answer
  • SDX Alliance is a large company that sells computers, computer components, and software. Ralph is hired as an entry-level softwa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!