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
worty [1.4K]
2 years ago
14

Andy took out an unsubsidized student loan of $11,000 at a 7.2% APR, compounded monthly, to pay for his last two semesters of co

llege. If he will begin paying off the loan in 15 months, how much will he owe when he begins making payments?
Business
2 answers:
kramer2 years ago
8 0

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments.

Brut [27]2 years ago
5 0

Answer:

$12,032.68, since Andy is responsible for the interest on the loan that accrues before he starts making payments. - APEX

Explanation:

You might be interested in
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
GaryK [48]

Answer:

Total= $13,221.52

Explanation:

Giving the following information:

Deposited $3,200 in an account two years ago and is depositing another $5,000 today.

A final deposit of $3,500 will be made one year from now.

Interest expense= 4.85% compounded annually.

We need to calculate the final value of each deposit using the following formula:

FV= PV*(1+i)^n

First deposit= 3,200*(1.0485^5)= $4,055.01

Second deposit= 5,000*(1.0485^2)= $5,496.76

Third deposit= 3,500*(1.0485)= $3,669.75

Total= $13,221.52

4 0
2 years ago
Ray, a manager at Senzel Inc., wants to implement a new software in the company's processes. This software will help him monitor
Airida [17]

Answer:

C . Consulting

Explanation:

Ray, a manager at Senzel Inc. is utilizing consulting skills.

The lower-level managers he discusses with in order to understand the effect the software will have on the internal environment of the company refers to the CONSULTANT in this scenario.

Consulting can be defined as the process of giving advice or seeking the help of professionals regarding a particular subject in a specific field.

Consulting means to engage in the business of giving advice to professionals in a particular field.

Consulting is the act of helping people to solve problems of moving from their current level to their desired level.

A consultant refers to a professional who renders the service of giving advice to people in a particular field mostly in exchange for a fee.

4 0
2 years ago
When Coca-Cola carries a different price depending on whether the consumer purchases it in a fine restaurant, a fast-food restau
Mashcka [7]

Answer:

The correct answer is Channel pricing.

Explanation:

In the industry, the Channel Pricing is used with the purpose of setting the prices depending on the means of delivery of goods or services. Coca-cola used the channel pricing to offer different prices depending on the location the people usually buy the products.

4 0
2 years ago
At the beginning of the year, Parent Company purchased all 500,000 shares of Sub Incorporated for $15 per share. Just before the
Free_Kalibri [48]

Answer:

The amount of goodwill that Parent should report as a result of its acquisition of a Sub is $500,000

Explanation:

The calculate of the goodwill of a company at its acquisition you have to subtract the total fair market value of its assets and liabilities from the price paid.

For this case:

Price of purchase: 500,000 shares at $15 per share that is $7,500,000

Fair market value of its assets and liabilities is $7,000,000 ($6,000,000 + $1,000,000) The value of net assets reported by Sub's + $1,000,000 extra determined by parets as fair value.

$7,500,000 - $7,000,000 = $500,000

5 0
2 years ago
Placker Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
riadik2000 [5.3K]

Answer:

Total cost= $3,595

Explanation:

Giving the following information:

Estimated fixed overehad= $155,000

Estimated variable manufacturing overhead= $3.40 per machine-hour

Estimated machine-hours= 50,000

Job A881:

Total machine-hours 100

Direct materials $645

Direct labor cost $2,300

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (155,000/50,000) + 3.4

Estimated manufacturing overhead rate= $6.5

Total cost= direct material + direct labor + allocated overhead

Total cost= 645 + 2,300 + (6.5*100)

Total cost= $3,595

5 0
2 years ago
Other questions:
  • It is a gaap standard that ___ copy(ies) of a check be attached to all documents for filing.
    13·2 answers
  • ________ can describe a product class, a product form, or a brand.
    9·1 answer
  • What do you think policymakers expected would happen when they deregulated the trucking industry?
    11·2 answers
  • Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Ken
    5·1 answer
  • A(n) _____ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. a.
    11·1 answer
  • Ricardo pays the following taxes during the year: Ricardo's Taxes Taxes Amounts Real estate taxes on his personal residence $2,5
    10·1 answer
  • Jerry has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total co
    6·1 answer
  • Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of
    6·1 answer
  • Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be ca
    8·1 answer
  • Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!