Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year

Answers

Answer 1

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444


Related Questions

Suppose that your monthly net income is $2,540. Your monthly debt payments include your student loan payment and a gas credit card. They total $762. What is your debt payments-to-income ratio

Answers

Answer: 30%

Explanation:

We should note that debt payments-to-income ratio is calculated as:

= Debt payment / Net income

= 762 / 2540

= 0.3 or 30%

Therefore, the debt payments to income ratio is 30%

Dealing with a customer or seller in another country ________.

a. A U.S. company can always choose to be governed by U.S. law.
b. A U.S. company is always required to deal with the law of the foreign country.
c. Always raises issues over which country or countries law(s) will be applied and issues of jurisdiction to hear the case.

Answers

Answer:

iraq

Explanation:

Dealing with a customer or seller in another country A U.S. company is always required to deal with the law of the foreign country. Thus the correct option is B.

What is a Customer?

A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.

An e-commerce company will be governed by the rules and legislation of any other countries or states where you sell to customers. In the case, when the customer makes any complaint it will be handled by a foreign jurisdiction.

Therefore, it is crucial to start any business on an international border first need to check the legal environment to avoid any consequences in later terms and helps in the better positioning of the business.

Therefore, option B is appropriate.

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Brent has to complete a final group project and his group members aren't
doing their share of the work. Brent generally believes in being kind to others,
but at the last group meeting, he was so frustrated that he yelled at the group
and threatened to stop working on the project. Which value system is mainly
in question here?
A.ethics
B.law
C.business law
M.morality

Answers

Answer: M. Morality

Explanation:

Morality is the value system is mainly in question here. Hence, option D is correct.

What is Morality?

Moral and just standards define what constitutes unacceptable behavior in society and what constitutes right and acceptable behavior.

A civilisation uses moral standards to decide what is reasonable, right, or acceptable. The majority of nations agree that murder is evil, while some grant an exemption for murder committed when waging a war to defend the nation or when acting in self-defense.

According to Louis Pojman, morality has five objectives: "keep society from disintegrating," "lessen human suffering," "promote human flourishing," "resolve conflicts of interest in just and orderly ways," and "give praise and blame, reward the good, and punish the guilty".

Thus, option D is correct.

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In a market economy resources tend to be allocated optimally. Discuss how the interaction of consumers and producers makes this happen.

Answers

Answer:

Under the capitalist structure, the distribution of services is highly reliant mostly on price fluctuations of the commodities itself. For both buyers as well as vendors in the industry, price serves as a predictor.

Sellers can use heavy priced  limited raw commodities (e.g. the copper industry) or tools to manufacture high-value items to be specifically given specific pricing details. Similarly, only those buyers who see profit in buying those better priced goods would also enable them to maintain equilibrium within the scheme.

Q1. While walking to the local electronics store, MusicLover ponders his desire for a high-end noise cancelling headset with soft leather earcups, and realizes that he would purchase it if it were priced at $150, or $180, or even $195, but not at $210. On arriving at the store, he finds that the product is priced at $170. He buys it! Based on this information, Which number is closest to MusicLover's reservation price or willingness-to-pay (WTP) for the headset

Answers

Answer: b. $200

Explanation:

A person's willingness-to-pay refers to the maximum price they would be want to pay for a good or service. For instance, if you refused to pay more than $25 for a jar of honey, your willingness-to-pay for the jar of honey is $25.

In this scenario, MusicLover will buy the headset if they are $195 but not if they are $210. His willingness to pay is therefore between $195 and $210. From the options, the only figure in that range is option B with $200.

can produce two types of light fixtures, the indoors model and the outdoors model. if the total sales are expected to be 21,050 units, what would be the totla operating income of the company if it decides to buy the new production equipment

Answers

Answer:

$1,000,000    

Explanation:

The computation is shown below:

Particulars               Indoors Model                Outdoors Model            Total

No of Units

(21,050 in ratio 2:3)     8,420                                   12,630                  21,050

Sales                          1,263,000                            2,778,600            4,041,600

Less: Variable costs   168,400                                 505,200              673,600

Contribution margin   1,094,600                            2,273,400               3,368,000

Less: Fixed costs

(2,160,000 + 208,000)                                                                    2,368,000

Operating Income                                                                           1,000,000

Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be itemizing her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)

Answers

Answer:

$6,800

Explanation:

Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)

Tax deduction=$11,600-(10%*$48,000)

Tax deduction=$11,600-$4,800

Tax deduction=$6,800

Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800

if you invest $200 the end of each month over the next 20 years in a mutual fund that has a nominal annual rate of 12% how much will you get at the end of 20 years

Answers

Answer:

I will get $197,851 at the end of the 20 years.

Explanation:

Note: It is assumed the interest is compounded monthly

Use the following formula to calculate the amount to be received after 20 years

Future value of annuity = Annuity payment x ( ( ( 1 + periodic interest rate )^ Numbers of periods ) - 1 ) / periodic interest rate )

Where

Annuity Payment = $200 monthly

Periodic Interest rate = Nominal Interest rate / Numbers of periods in a year = 12% / 12 months = 1%

Numbers of periods = Numbers of years x Numbers of periods in a year = 20 years  x 12 months = 240 months

Placing values in the formula

Future value of annuity = $200 x ( ( ( 1 + 1% )^240 ) - 1 ) / 1% )

Future value of annuity = $197,851.07

Future value of annuity = $197,851

Which of the following statements is normative? Group of answer choices Congress gives certain business corporations tax breaks. Tax breaks can lead to additional production. Tax breaks can change corporate behavior. Congress gives too many tax breaks to corporations.

Answers

Answer: Congress gives too many tax breaks to corporations.

Explanation:

Normative statements are said to be statement of opinion and not fact.

Option D is therefore a normative statement because it is the opinion of the speaker that congress gives too many tax breaks because from a neutral standpoint, it cannot be said with certainty the number of tax breaks that will be considered too much.

The other options are statements of fact.

2019 balance sheet showed net fixed assets of $5.2 million, and the 2020 balance sheet showed net fixed assets of $5.8 million. The company’s 2020 income statement showed a depreciation expense of $335,000. What was the company's net capital spending for 2020?

Answers

Answer: $935,000

Explanation:

Net capital spending refers to the amount spent on acquiring new fixed assets.

= 2020 net fixed assets + 2020 depreciation - 2019 net fixed assets

= 5,800,000 + 335,000 - 5,200,000

= $935,000

Countries often use various government regulations to manipulate the amount of goods and services imported from other countries. This activity is important because it will help you to understand the effects of trade protectionism on the overall international trading atmosphere.

Required:
Challenge your knowledge of the different types of international trade barriers.

Answers

Answer:

Solar ⇒ Tariffs

Tariffs are taxes on imported goods such that their prices are increased so that the domestic producers of that good can be able to compete with the imports which is the case here.

Numbers ⇒ Import Quotas

Import Quotas refer to limits on the amount of imports into a country. When the imports reach a certain amount they will be no more imports for the year.

Aluminium ⇒ Import Quotas

By only allowing a certain number of sheets to come into the country the US has imposed an import quota on the metal as per the definition above.

Materials ⇒ Embargoes and Sanctions

Embargoes and sanctions limit the trade of goods and services to the country under sanctions or being embargoed. Here the US will not ship goods to North Korea as they are under sanctions for their nuclear program.

Prohibition ⇒ Embargoes and Sanctions

This scenario describes an embargo which means that there is a ban on trade of certain goods and services with the nation under embargo.

Imports ⇒ Tariffs

Customs duties are taxes on imports which therefore makes them tariffs.

paid rent of Rs.25000 by cheque. make journal entry ​

Answers

Answer:

see below

Explanation:

Rent is an expense to the business. An increase in expenses is debited.

rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.

The journal entry will be

Rent A/c  Dr. Rs. 25,000

Bank A/c           Cr. Rs. 25,000

Using the information below for Laurels Company; determine the manufacturing costs added during the current year:

Direct materials used $5,000
Direct labor 7,000
Total factory overhead 5,100
Beginning work in process 3,000
Ending work in process 4,000

a. $12,000.
b. $16,100.
c. $17,100.
d. $18,100.
e. $13,600.

Answers

Answer:

C. $17,100

Explanation:

The manufacturing cost for the year is computed as;

Manufacturing cost = (Direct materials + Direct labor + Total factory overheads) + Beginning work in process - Ending work in process

Direct materials

$5,000

Direct labor

$7,000

Total factory overheads.

$5,100

Direct manufacturing costs

$17,100

Add beginning work in process

$3,000

Less ending work in process

($4,000)

Total manufacturing costs

$16,100

A g drought ravaged crops across the United States during the summer of 2012. What is the likely impact of this drought on the price of corn

Answers

Answer: Increase

Explanation:

The price of corn will increase sharply due to the relative scarcity of corn in the market.

Graphically depicted, the Supply curve will shift to the left due to reduction in supply of corn brought upon by the drought. It will then intersect with the demand curve to bring about a new equilibrium price with a higher price.

Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 dividend on March 2, payable on April 2. The journal entry for the payment of the Cash dividend on April 2 is:_____

Answers

Answer with explanation:

Total shares = 250,000

Dividend per share = $ 2

Total dividend = (Total shares)  x (dividend ) = 250,000 x 2 = $500,000

So, the journal entry for the payment of the Cash dividend on April 2 would be :

Date       particular business transaction           Debit           Credit                            

April 2      Dividend payable A/c   Dr.                $500,000

                   To cash  A/c               Cr.                                     $500,000

The journal entries that would take place in the books of Davis enterprises as on April 2nd will take effect as debit in dividend payable Ac which would in turn be credited to the Cash Ac.

Journal entries is a simple format of recording the financial transactions of an organization in a chronological manner as they keep occurring in the business.

There will be debit in dividend payable account which would lead to take entry in the cash ac in the ledger accounts of the organization, here, Davis Enterprises.

There are 250000 share outstanding at the end of Davis Enterprises and the dividend of $2 has been declared per share which will lead to declaration of $500000 dividend in amount.

This $500000 will be distributed proportionately among the shareholders of the firm by virtue of number of shares being held by them in their demat accounts as on the record date.

Hence, the dividend of $500000 will be declared by Davis Enterprises and the journal entries are attached below.

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Determine the future value of $19,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)

Answers

Answer and Explanation:

The computation of the future value in the following situations:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

1. For semiannually

= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2

= $19,000 × (1.05)^16

= $19,000 × 2.1829

= $41,475

2. For quartely

= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2

= $19,000 × (1.03)^4

= $19,000 × 1.2268

= $23,309

3. For monthly

= $19,000 × (1 + 0.36 ÷ 12 )^15

= $19,000 × (1.03)^15

= $29,602

The net decrease in Prepaid Expenses (Prepaid) amounts to $30,000 and the net decrease in Accounts Payable (AP) is $20,000. Assuming no inventory provision involved, what is the net effect of Inv and AP on the adjustments to Net Income if the indirect method is used in the Statement of Cash Flows

Answers

Answer:

Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.

Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.

Net effect of the above transactions is $30,000 - $20,000 = $10,000

So, net income will be increased by $10,000 as net effect of the above adjustments.

Opportunity cost occurs because of a producer’s need to

limit resources.
protect resources.
allocate resources.
spend resources.
Mark this and return

Answers

Answer:

allocate resources.

Explanation:

Scarcity of resources makes producers make choices on how to use the few available resources. Like other people, producers will want to do many things but are restricted by a lack of resources. Time and money are examples of scarce resources. They have to allocate the available resources among different needs and wants.

Opportunity cost is measured by calculating the value of the next best alternative.

Answer:

C On Edge Jan 2021

Explanation:

Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other

Answers

Answer:

In healthcare organisations, main compensation and expense divisions focus on where they are utilised; there's many various types of entities, including such: profits, non-profit as well as residential. Stockholders of benefit organisations on the company and earn income from them.

Non-profit agencies raise revenue from their patient/consumer programmes and are prohibited from collecting tolls. In private coverage, the organisation department will supply the healthcare professional with direct payment.

The category of service user, such as as someone who spends with his own funds and someone who uses  different private programmes available in market.

The cost for direct labor is $30 per direct labor hour and the cost of the direct materials used by Job 603 is $1,400.How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates

Answers

Answer:

the total manufacturing overhead allocated is 610

Explanation:

The computation of the manufacturing overhead allocated is as follows;

= Assembly department + sandling department

= 50 × 11 + 15 × 4

= 550 + 60

= 610

Hence, the total manufacturing overhead allocated is 610

We simply applied the above formula so that the total manufacturing allocated to Job 603 could come

During a period, 38,200 units were completed and 5,300 units were in ending WIP Inventory. Ending WIP was 70% complete for direct materials and 50% complete for conversion costs. What are the equivalent units for conversion costs

Answers

Answer: 40,850 units

Explanation:

38,200 units were already completed.

Of the ending WIP, conversion costs were:

= 50% * 5,300

= 2,650 units

Total Equi. units = 38,200 + 2,650

= 40,850 units

what is legislative ​

Answers

Answer:

having the power to make laws

Explanation:

Answer:

having the power to make laws.

If the free market (private) equilibrium quantity is greater than the socially optimal quantity, one can infer that:

Answers

Answer:

The only that socially optimal quantity is lower than the equilibrium quantity is that the production of that specific good results in a negative externality. Negative externalities reduce social benefits of third parties, even though they do not actively participate in any type of transaction.

Assume the CPI increases from 100 to 110 and a person's nominal income increases from $50,000 to $55,000 over the same period. This person's real income has

Answers

Answer and Explanation:

The computation of the real income percentage is as follows:

The Increase in CPI would be

= (110 - 100) ÷ 100 × 100

= 10%

And, the increase in nominal income is

= ($55,000 - $50,000) ÷ ($50,000) × 100

= 10%

As the CPI and increase in nominal income percentage is same

SO the real income would also remains the same

Standard Deviation (%) R 2 Beta Standard Error of Beta TDM 13 0.49 0.83 0.11 LLW 21 0.01 0.21 0.25 What proportion of each stock's risk was market risk, and what proportion was specific risk

Answers

Answer:

Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.  

Answer is explained in the explanation section.                                                                              

Explanation:

Solution:

Data Given:

This question is about the two well known Canadian Stocks namely:

1. Toronto Dominion Bank

2. Research in Motion.

Data For Toronto Dominion Bank:

For answering about the proportion of risk involved in each of stocks, we just need the value of [tex]R^{2}[/tex].

Note: These values are not from this question, as this question is incomplete and lacks necessary data. So, in order to solve this question and deliver you the main concept. I have chosen some random values.

[tex]R^{2}[/tex]  value for TDB = 0.77

[tex]R^{2}[/tex] value of 0.77 means, 77% of the risk is derived from the market movements. So we can say it as this 0.77 or 77% of proportion for Toronto Dominion Bank is of market risk.

Generally speaking, in market risk there is the probability that people will lose their investments due to the factors that create negative impacts on the market.

Whereas, specific risk is totally opposite to market risk and people specific to any company or group may experience losses but not the whole market, which is the case in market risk.

Where as, remaining 0.23 or 23% of the risk is unique risk or specific risk.

Similarly for the other stock:

[tex]R^{2}[/tex] value for Research in Motion = 0.44

[tex]R^{2}[/tex] value of 0.44 means 44% of the risk is derived from the movements of the market or it is market risk. On the other hand, remaining 0.66 or 66% of the risk is specific risk or unique risk.

itemise the importance of marketing in an economy

Answers

Answer:

Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.

Why is it important for manufacturing companies to know the manufacturing cost of each of the products they make

Answers

Answer:

Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.

1. Values in a chart must be:
Select the correct option.
O a. Numbers
O b. Words
O c. Months
O d. Columns

Answers

Answer:

a. Numbers

Explanation:

The values in a chart represent data. Anyone reading a chart should be able to interpret the information presented with relative ease. Due to the space factors, the values of a chart are always in numbers.  Values in number form take little space compared to words.

Numbers are clear and easy to understand for everyone. When a value is very big, writing it in words may pose a challenge for some people to understand.

g each collectible ship requires one pint of high-quality paint at a cost of $25 per pint. considering increasing the selling prices of both models by 7.5%, which will cause volume of sales for both models to decrease by 12%. all other expenses would remain constant. should management implement this change and what is the best explanation

Answers

Answer:

Increasing the sales price is a bad idea since total revenues will decrease.

Explanation:

The question is incomplete since we are not given the information about other costs, but we are given enough information to calculate the price elasticity of demand:

PED = % change in quantity demanded / % change in price = -12% / 7.5% = -1.6 or |1.6| in absolute terms.

Since the PED is |1.6|, it is price elastic. This means that a change in price will result in a proportionally larger change in quantity demanded. E.g. assume original price is $100 and the original quantity demanded is 100. Total revenue = $10,000. If the price increases to $107.50, the quantity demanded will decrease to 88, resulting in a total revenue of $9,460.

What do you have to do to learn and be a pilot

.1 learn to play radio

2. Learn to fly

3 learn to fly and land and set off


SO EASY

Answers

Answer:

All of the above (That is to regulations)

Explanation:

Although if you had to choose one it would be 3. learn to fly, land and set off.,

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