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Arturiano [62]
2 years ago
7

It is estimated that the annual maintenance cost of a statue erected in front of a public building in a state capital would be $

1,000. Assuming an interest rate of 4% year compounded monthly, determine the capitalized cost for maintaining the statue.
Business
1 answer:
Over [174]2 years ago
3 0

Answer:

225558 jhdsyjnpgdsejnjide

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Jonathan needs insurance for his new vehicle. Why are insurers most likely to look at his credit history? (5 points)
Ivenika [448]

Answer:

1

Explanation:

Credit may be related to a driver's license.

3 0
2 years ago
Read 2 more answers
You are selling a new line of T-shirts on the boardwalk. The selling price will be $25 per shirt. The labor cost is $5 per shirt
Ad libitum [116K]

Answer:

Option (a) is correct.

Explanation:

Contribution per unit:

= Selling price per unit - Variable cost

= Selling price per unit - (Material  + labor cost)

= $25 - ($10 + $5)

= $25 - $15

= $10

Fixed cost = Administrative cost + Sales and marketing expense

                 = $60,000 + $20,000

                 = $80,000

Break-even quantity:

= Fixed cost ÷ Contribution per unit

= $80,000 ÷ $10

= 8,000 shirts

8 0
2 years ago
________ advertising encourages wholesalers and retailers to carry the products of a specific manufacturer.
NARA [144]
<span>Trade advertising encourages wholesalers and retailers to carry the products of a specific manufacturer.
Trade advertising is the type of advertising which is directed towards the wholesaler or retailer. Trade Advertising is not intended for the consumer. Trade advertising is held by the manufacturer. </span>
4 0
2 years ago
Midyear on july 31st, the digby corporation's balance sheet reported: total liabilities of $51.391 million total common stock of
lys-0071 [83]

We can calculate total assets by accounting equation, which is total assets equal to total liabilities plus total equity. Using the basic accounting equation:

Total assets = Total liabilities + shareholders’ equity

= total liabilities + ( total common stock + Retained earnings)

= $51.391 million + ($2.540 million + 18.432 million)

= $72.363 million

Therefore, total assets of the firm would be $72.363 million.

8 0
2 years ago
Beck Kubiak wishes to purchase new appliances for her home. The total cost for the appliances is $2,900. To finance the purchase
Flura [38]

Answer:

total finance charge = $203.08

her monthly payment = $105.13

Explanation:

The Loan amount = Cost of Appliance - Down Payment

                              = $2,900 - ($2,900 × 20%)

                              = $2,320

Change the APR to nominal compounding,

Using a Financial Calculator, this will be :

8.50 % Shift EFF%

12 Shift P/YR

Shift NOM % = 8.19%

Then calculate the <em>monthly payment</em> as follows :

Pv = $2,320

n = 24

p/yr = 12

r = 8.19%

Fv = $0

PMT = ?

Using a Financial Calculator, monthly payment, PMT is $105.13

Total Finance Charge will then be obtained from the amortization schedule from the First Period to the 24th Period and this will be : $203.08.

5 0
2 years ago
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