A computer was purchased by paying $50 down and 24 monthly payments of $65 each. The cash
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
Amount financed 1400 50 1350 Paid in installment...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
The Byrd Company had the following transactions during 2007 and 2008: 1. On December 24, 2007 a computer was purchased on account from Computers International for $60,000. Terms of the sale were...
-
The Byrd Company had the following transactions during 2010 and 2011: 1. On December 24, 2010, a computer was purchased on account from Computers International for $60,000. Terms of the sale were...
-
Byrd Company had the following transactions during 2013 and 2014: 1. On December 24, 2013, a computer was purchased on account from Computers International for $60,000. Terms of the sale were 2/10,...
-
The Apache NetBeans IDE is mainly composed of NetBeans Open-Source IDE and NetBeans Platform. (True/False)
-
Rex, a budget officer, conducted a class for nonaccounting managers and program directors on the subject of budgets. Rex began the class discussion by asking, What are some of the uses of a budget?...
-
In demonstrating the transition from the binomial model to the Black?Scholesmodel, the parametrization u/d = e ????t chosen in step 3, with ?t = ?/T .? Show that the martingale principle results in...
-
How do you determine the EST for an activity with two predecessors? How do you determine the LFT for LO6 an activity with two successors?
-
The following financial information was taken from the books of Get Fit Health Club, a small spa and health club: Account Balances as of December 31, 2013 Accounts Receivable ........... $16,150...
-
In about 200 words, answer all the question 1. Discuss the principal limitations of the cash payback method for evaluating capital investment proposals. 2. Why would the average rate of return differ...
-
Ryan is 26 years old and weighs 213 pounds. He works a full-time construction job during the day and squeezes in online classes at the community college in the evenings. He recently started working...
-
An electric mixer was purchased on the installment plan for a down payment of $60 and 11 monthly payments of $11.05 each. The cash price was $170. Find the annual percentage rate.
-
A Hepplewhite sofa costs $3,780 in cash. Jaquanna Wilson will purchase the sofa in 36 monthly installment payments. A 13% per year finance charge will be assessed on the amount financed. Find the...
-
a. List the risks of error or fraud that are present at Kowal Manufacturing. For each risk, state the type of misstatement that could occur. b. State whether the fraud risk could lead to...
-
If the dose rate from a sample of Ga-67 is 0.052 mSv per hour at a distance of 1.1 m, then what would be dose rate at 3.5 m ?
-
A 1.6x10^9 p/s point source of Po210-Be source of 4.5 MeV is stored behind a X cm of paraffin, the dose equivalent rate is not to exceed 0.10 mSvh-1h at a distance of 1m. What is the X cm needed to...
-
X 10 Let A = -9 y 7 4 Z 210 If the kernel of A contains the vector what are x, y, and z? -2
-
8-22. E.O.Q., Carrying cost = Storing cost + Interest. Following data are available with respect to a certain material. Annual requirement.......... Cost to place an order.. Annual interest rate. _...
-
A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the information from the job cost sheets from their first and only jobs so far: Job 1 Hours Total Cost...
-
Select a company you know well, and obtain additional information from sources such as marketing literature reviews, websites, company publications, and blogposts. Evaluate the company on as many...
-
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
-
Sportway, Inc. is a wholesale distributor supplying a wide range of moderately priced sporting equipment to large chain stores. About 60 percent of Sportway's products are purchased from other...
-
To the nearest day, how long will it take a $20,000 investment to grow to $22,000 (including accrued interest) if it earns 7% compounded quarterly? Assume that a quarter year has 91 days.
-
A companys sales dropped 10% per year for five years. a. What annual rate of sales growth for the subsequent five years would return the sales to the original level? b. To the nearest month, how long...
-
An investors portfolio increased in value from $35,645 to $54,230 over a six-year period. At the same time, the Consumer Price Index rose by 26.5%. What was the portfolios annually com- pounded real...
-
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
-
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
-
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...
Study smarter with the SolutionInn App