Freddy runs a business selling clocks. He buys 614 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold? Answer:
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- Q. Sarah and Joshua each use their credit cards to buy holiday packages to Adelaide. The cost of the package is $1700 for each person. a) The charge on Sarah’s credit card is 0.9% compound interest per month on the unpaid balance. It has no interest-free period. Sarah pays $800 after one month and another $500 the next month. How much does she still owe on her credit card? b) The charge on Joshua’s credit card is interest-free in the first month and 1.4% compound interest per month on any unpaid balance. Joshua pays $800 after one month and another $500 the next month. How much does he still owe on his credit card? Write detailed solutions.Saint Paul ne Apote n ts 0. Kyle used the equation y = 300(1.09)* , where x represents months and y represents the amount ne owes, to predict how much he has to pay on his credit card bill if he does not make any payments each month. a. What is Kyle's original credit card bill? b. What is the interest rate on his credit card? С. How much money will Kyle owe if he does not pay off his balance for 6 months? 9. The population of the deer on Walla Walla Island doubles every year. The island began with 8 deer. Write a function that models the change in the animal population: a. b. How many deer will there be after 5 years? How many deer will there be after 10 years? С.1. Grace bought an entertainment system from a merchant who offers P25,000 at the end of 60 days. She wishes to pay immediately and the merchant offers to compute the required amount on the assumption that money is worth 24% simple interest. A. P 24038.46 B. P 22038.46 C. P 21038.46 D. P 23038.46
- 2. Janine has two choices for paying off her credit card balance. She can make payments of $186 per month for 36 months to the credit card company, or she can borrow the card balance from the bank and make payments of $162 per month to the bank for 36 months. How much money will she save if she borrows the money from the bank and pays off her credit card? F $927 G $28 H $972 $864Anne buys a television set from a merchant who asks for P1,250 at the end of 60 days. Mr. Ureta wishes to pay immediately and the merchant offers to compute the cash price on the assumption that the money is worth 13% simple interest. What is the cash price? A. P 1,342.12 B. P1,223.45 C. P 1,233.55 D. P 1,324.21b. $4500 6. Marcel plans to purchase a new TV in 2 years. He needs to have $5000 for the purchase and plans to make deposits at the end of cach month into an account that pays 4% interest, compounded monthly. What amount does he need to deposit in the account each month? $200.46 a. b. S120.00 $400.92 d. $240.00 c.
- Question 4 Yusra has a term loan and after her 42nd payment she still owes $6,728.25. The annual interest rate on this loan is 4.86%. This month she is making payment 43. Her monthly payment is $323.41. How much will her "balance owed" decrease? Round your answer to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Example: $167.89Freddy runs a business selling clocks. He buys 457 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?# 3 Derek borrows $37,784.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.59%. After a 10.00 unanswerE months Derek decides to pay off his car loan. How much must he give the bank? not submitte Attempts Remainin Submit Infini Answer format: Currency: Round to: 2 decimal places.
- Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent interest, compounded annually, on this account. How much interest on interest will he earn over the next 15 years? Il mcbs.proctonng.online is sharing your screen. Stop sharing Hide mpt-1231438cmid-98604&page-5#questicAssume that all interest is simple interest. Fred started a new e-Commerce business and borrowed $14,800 for 10 years to get the business up and running. The interest is $4440. Find the rate. Round to two decimal places, if necessary. The interest rate for Fred's loan is Check 68°F Clear #3 $ A IOI WER %. 5 T 6 X ● Search & 7 S U * 8 9 f10 Save For Later © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility a 8:53 PM 6/12/2023 ► 11 O fm P W (12 ins Submit Assignment prt sc delete backspace 3.: 0Riccardo Davis takes out a discount loan because he needs R5 695,00 to buy a machine for his business Find the amount he needs to borrow (face value) if he plans to repay the loan in six months' time and the bank charges a 9,5% discount rate A. RS 979,00 B. R5 065,51 C. R5424,49 D. RS970,02