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elena-14-01-66
2 months ago
4

Shelby's total closed-end credit for her car (including all interest) cost $9,478.58. the table shows the schedule of her paymen

ts for the first 4 years. table what is the total amount of interest shelby will pay for the car loan? how many more years will it take shelby to pay off her loan?
Business
2 answers:
arsen [3.4K]2 months ago
5 0
<span>How many additional years will Shelby need to fully repay her loan? answer 1
</span><span>What is the complete interest amount Shelby will incur on her car loan? answer 2478</span>
Scilla [3.8K]2 months ago
5 0

<span>Shelby’s total interest payment will equal 2478.58</span>

<span>
</span><span>It will require Shelby one more year to finish paying off her loan</span>

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On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory.
stepan [3596]
The total value of the inventory lost in the tornado is $105,700. Explanation: The relationship is captured in this equation: Beginning inventory + inventory purchases + Gross profit = Sales + ending inventory. Plugging in the figures, $228,350 + $199,400 + $322,050 = $644,100 + ending inventory resolves to $749,800 = $644,100 + ending inventory. Thus, determining that the ending inventory amounts to $749,800 - $644,100 results in $105,700. The gross profit is calculated as Gross profit percentage multiplied by sales: 50% multiplied by $644,100 yields $322,050. Since the inventory was destroyed in the tornado, we assume the ending inventory lost corresponds to $105,700.
4 0
1 month ago
Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity demanded falls from 800 to 6
Free_Kalibri [3773]

Answer: The result is -2.42

Explanation:

P1 = $4 Q1 = 800

P2 = $4.50 Q2 = 600

Applying the midpoint formula, we calculate:

For price:

P2 - P1/(P2 + P1)/2

= 4.5 - 4/(4.5 + 4)/2

= 0.5/4.25

= 0.12

For quantity:

Q2 - Q1/(Q2 + Q1)/2

= 600 - 800/(600 + 800)/2

= -200/700

= -0.29

The price elasticity of demand is calculated as change in quantity/change in price

= -0.29/0.12

= -2.42.

7 0
1 month ago
Read 2 more answers
Which of these statements about the production order quantity model is FALSE? The production order quantity model is appropriate
Katen [3525]

Answer:

The question is rephrased to include the options:

A. The production order quantity model applies under conditions where the basic EOQ model's assumptions hold true, except that receiving is not instantaneous.

B. Average inventory exceeds half the quantity of production order.

C. Due to the non-instantaneous receipt, some items are used immediately rather than being stored.

D. All other things being equal, a lower demand rate to production rate ratio results in a smaller production order quantity.

E. All options are true.

The right answer is option B, "Average inventory is more than one-half of the production order quantity."

Explanation:

Having inventory allows for a division within the production stages, separating finished products from those that are not yet completed, potentially generating income for the company.

An average inventory will be less than half of the production order quantity.

The production order quantity model allows for gradual receipt of orders rather than a single bulk delivery.

This model aids companies in managing their inventory holding costs and average fixed ordering expenses, ultimately helping them to check and reduce inventory costs and providing clarity on appropriate production quantities at any time.

6 0
1 month ago
Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (
Nady [3600]

Response:

  • Impuesto sobre ventas a pagar
  • FICA-impuestos de seguridad social a pagar que vencen en 40 días
Parte de un préstamo a largo plazo que vence en 1 mes
  • Clarificación:

Los Pasivos Corrientes se refieren a obligaciones que deben ser pagadas en un período de 12 meses. Todo lo que sea mayor se clasifica como Pasivo a Largo Plazo. Según los elementos enlistados, los pasivos corrientes serán;

Impuesto sobre ventas a pagar, que son los tributos que el gobierno cobra sobre bienes y servicios, siendo responsabilidad de la empresa su recaudación y remisión puntual al gobierno. Esto es considerado pasivo corriente ya que se remiten con relativa frecuencia.

Los impuestos de seguridad social FICA pendientes por 40 días también son un pasivo corriente debido a su período de tiempo inferior a un año.

Una parte de un préstamo a largo plazo que vence en un mes también se clasifica como corriente por su vencimiento cercano.

8 0
1 month ago
Leroy's credit card has an APR of 21%, calculated on the previous monthly
arsen [3447]

Answer:

38.76

Explanation:

7 0
2 months ago
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