In the first payment on a 60- month, $10,000 car loan with an APR of 2.89%, how much pays off the principal?
Q: Production costs: Direct materials Contribution margin, break-even sales, cost-volume-profit chart,…
A: Sales= units expected to be sold x price per unit= 10,200 units x $168= $1,713,600 Cost of goods…
Q: General Accounting
A: Step 1: Define Liquidity MeasuresA measure of liquidity shows the relationship of liquid assets to…
Q: General Accounting
A: Given information:- Average Ending Salary = $100,000- Retirement Plan Factor = 0.02- Years of…
Q: Provide answer this accounting question not use chatgpt
A: Step 1: Define Variable CostingIn managerial and cost accounting, the notion of variable costing…
Q: General Accounting
A: Step 1: Define External EquityWhen a company decides to fund a new project/ investment by equity and…
Q: Other non-current assets 4,702 Total assets $ 75,965 LIABILITIES AND SHAREHOLDERS EQUITY Current…
A: When the company issues additional shares for cash, it increases its cash account and its equity…
Q: A company recorded $3,500 of depreciation on its factory building. Prepare the general journal entry…
A: Step 1: Identify the Accounts Involved Depreciation Expense: This account reflects the cost…
Q: Financial Accounting
A: FORMULAS:ROE= Net Income/ Stockholders' EquityNet Income= Sales x profit marginAsset Turnover =…
Q: I tried solving some but I am not sure if what I have is right.
A: Step 1:Recording transactions in the books of accounts is the first step in the accounting process.…
Q: Give me true calculation of this accounting question
A: Step 1: Define Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is handy in figuring out the costs…
Q: Managerial Accounting
A: Explanation: The calculation of present value of cash flows involves using a discounting rate…
Q: Provide solution for this general accounting question
A: ### Step 2: Calculate Contribution Margin Ratio **Contribution Margin Ratio Formula:**Contribution…
Q: General Accounting
A: Step 1: Define Retained earningsRetained earnings refer to corporate's accumulated net income after…
Q: Need help
A: Step 1: Introduction to the Notes PayableNotes payable is a negotiable instrument called a…
Q: None
A: Step 1: Define Balance SheetA balance sheet is a financial statement that depicts the position of a…
Q: The following Trial Balance is the financial details of West Municipal Assembly for the yearended 31…
A: a) Statement of Financial Performance:Revenues:Sum all revenues including the Property Rate,…
Q: Provide correct answer
A: a. Free Trade CreditFree Trade Credit is the time between the discount period and the full payment…
Q: What was it's roe ?
A: Step 1: Define Return on EquityThe return on equity is calculated by dividing its net income by the…
Q: None
A: We shall use the present value formula for each cash flow and then sum them up.The formula for…
Q: Exhibit 7.5 describes the key financial ratios Standard & Poor’s analysts use to assess credit…
A: The key financial ratios used by Standard & Poor's to assess credit risk and assign credit…
Q: What is the firm's degree of leverage?
A: The problem requires the determination of the Degree of Operating leverage. The degree of operating…
Q: Need answer
A: Step 1: Define Overhead CostOverhead cost is the only manufacturing cost that cannot be traced…
Q: Need help
A:
Q: Beta Inc. has based its budget forecast for next year on the assumption it will operate at 90% of…
A: 1. Break-Even Point CalculationAt the break-even point:Sales Revenue = Total Costs = Fixed Costs +…
Q: Whaty is this wrong?
A: Hello student! A Cash Budget forecasts the need, excess, or flow of cash during a period. This…
Q: How do I find the recognized gain or loss and the corporate-level tax?
A: Step 1: Understand the Nature of the Transaction (Type A Merger)In a Type A merger, which is a…
Q: None
A: Step 1: Identify the necessary informationStep 2: Calculate the cost per unit under absorption…
Q: Managerial Accounting
A: To determine Bravo Company's direct labor costs for the fiscal year, we can use the formula for Cost…
Q: If Epic, Inc. has an ROE of 25%, an equity multiplier of 4, and a profit margin of 12%, what is the…
A:
Q: Hi expart solve this problem not use ai
A: To calculate the monthly payment for a fully amortizing mortgage, we can use the formula for the…
Q: Solve this accounting problem
A: Step 1: Definition of Cost-volume-profit analysisThe cost-volume-profit analysis describes the…
Q: Financial Accounting
A: Step 1: First, calculate the Current Assets and Quick Assets values in terms of liabilities then…
Q: What is its dol?
A: The problem requires the determination of the DOL. DOL or Degree of Operating Leverage is a multiple…
Q: Solve this accounting problem with correct calculation
A: Step 1: Introduction to the Notes payableNotes payable are the means of meeting finance requirement.…
Q: explain what totalrevenue, operating income, and net earnings mean and what is the differences…
A: Total Revenue is the full amount of total sales of goods and services. It is the total income of a…
Q: Give true solution for this question
A: Step 1: Define Work-in-process InventoryThe work-in-process inventory is the goods that are not yet…
Q: Sandy and John Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In…
A: To determine the Fergusons' 2022 federal income tax payable or refund, we need to calculate their…
Q: General Accounting Question
A: Explanation of Assets: Assets are resources owned by a company that have economic value and can…
Q: Answer in step by step with explanation. Don't use Ai
A: 1. Bond Purchase at Par- Par value means the bond was purchased at its face value of $150,000. -…
Q: General Accounting question give answer
A: Step 1: Determine the Revenue per ticket packageStep 2: Determine the Cost per ticket package…
Q: Financial accounting
A: Explanation of Principal: The principal is the initial amount of money that is either invested or…
Q: None
A: Step 1: Introduction to the Operational leverageA cost-accounting method called operational leverage…
Q: Need help
A: Given information:Present Value (PV): $1,000,000 (the amount in the retirement account at the time…
Q: Financial Accounting
A: Step 1: Introduction to the Prepaid EMIThe EMI amount paid before the required payment date of EMI…
Q: General Accounting
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: nkj
A: a. Crazy Mountain Sports Inc. Absorption Costing Income Statement For the…
Q: What is its net income?
A: Step 1: Define Net IncomeThe net income of a firm is ascertained by deducting all the expenses like…
Q: Need help with this accounting question
A: Step 1: Introduction to the Asset Turnover RatioThe asset turnover ratio is an activity ratio. It…
Q: General Accounting
A: a.Return on asset (investment) = Profit margin * Total asset turnoverTotal asset turnover = Return…
Q: The City of Minden entered into the following transactions during the year 2026. 1. 2. 3. 4. 5. 6.…
A: Step 1: 1. Bond Issue AuthorizationIntroduction of Resolutions and OrdinancesLegal NoticeThe City…
None
Step by step
Solved in 2 steps
- How much pays off the principal??1. Consider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using the average balance method). b. How much would you pay in total for interest?You are borrowing $10,000 over a two-year period. The annual percentage rateis 4.5%.1) What is the monthly payment?2) What is the total amount paid for loan? 3) What is the total interest paid for the loan?
- Suppose you borrow $15,000 and then repay the loan by making 12 monthly payments of $1,297.92 each. What rate will you be quoted on the loan? NO EXCELYou borrow $5,000 at 10% per year and will pay off the loan in 3 equal annual payments starting 1 year after the loan is made. The end-of-year payments are $2,010.57. Which of the following is true for your payment at the end of year 2? a. Interest is $500.00 and principal is $1,510.57 b. Interest is $450.00 and principal is $1,560.57 c. Interest is $348.94 and principal is $1,661.63 d. Interest is $182.78 and principal is $1,827.79.What is the monthly car payment on a 5 year $17,500 car loan at 5% annual interest?
- you obtained a $10000 loan at 1.5% compunded monthly. how much more interest will you pay in the second year compared to the third year of the loanwhat is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was originally borrowed?After making 45 payments on a 60 - month, $10,000 car loan with APR of 4%, what is the outstanding balance on the loan?
- What is the monthly payment amount on a $100,000 home loan if the rate is 6.0% APR, and the loan is made for a 15-year period?You borrow $64,000 in the form of an unsubsidized loan at 3.98% APR. How much money do you owewhen you begin making payments six months after you graduate?A loan for $36, 000 was obtained to be paid off over 5 years at 5.5% P. A with monthly repayments. a) What are the required monthly payments? b) How much is paid in interest over the life of the loan?
