Andrews Co. can purchase 20,000 units of Part XYZ from a supplier for $18 per part. Andrews' per unit manufacturing costs for 20,000 units is $15 per unit.
Definition: purchase in accounting refers to the taking manage of a given item or provider by way of paying a set amount of cash. Conversely, it's far the change of money for a selected desirable or service. The process is usually undertaken with the aid of people or businesses in want of gadgets or offerings.
Purchase is the organized acquisition of goods and offerings on behalf of the buying entity. shopping sports are had to make sure that needed gadgets are received in a well-timed way and at a reasonable fee.
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Learn to Go sells its foreign language dictionaries to college students throughout the United States. Samuel Marcus, the owner, wants to start selling these products to international students abroad. Marcus wants to pursue a ________ growth strategy.
market development
Learn to Go sells its foreign language dictionaries to college students throughout the United States. Samuel Marcus, the owner, wants to start selling these products to international students abroad. Marcus wants to pursue a market development growth strategy.
What is market development?Market segmentation for existing products is identified and developed as part of a growth plan. A development plan focuses on non-buying clients in the segments that are already targeted. Additionally, it aims to reach fresh markets of clients.
Selling your current goods or services to a new clientele is part of the market development growth plan. Start by conducting a segmentation analysis of your current market as part of your market research. List the market segments you think you should focus on in more detail.
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if the supply of a product decreases and the demand for that product simultaneously increases then equilinrium
If the supply of a product decreases and the demand for that product simultaneously increases then equilibrium price must rise, but equilibrium quantity may either rise, fall, or remain unchanged.
The word equilibrium has a root in the Latin phrase libra, which means weight or stability. some examples of equilibrium are: A ebook kept on a table at relaxation. A car moving with a steady speed. A chemical reaction in which the rates of ahead response and backward reaction are the same.
A kingdom of rest or balance because of the equal action of opposing forces. same stability between any powers, impacts, etc.; equality of effect. mental or emotional balance; equanimity: The pressures of the situation caused her to lose her equilibrium. Equilibrium is a stage at which rate of ahead response is equal to charge of backward response.
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Daisy works for CSAT Enterprise and is responsible for preparing accounting analyses for lenders, suppliers, and government agencies. Daisy is most
likely a(n)
Multiple Choice
financial accountant.
government auditor.
managerial accountant
external auditor
consumer accountant
Answer:
financial accountant.
Explanation:
Daisy is most likely a financial accountant. Financial accountants are responsible for preparing and analyzing financial reports for a variety of stakeholders, such as lenders, suppliers, and government agencies. They may also be involved in developing and implementing financial policies and procedures for an organization.
in the ____ of organizational decline, as organizational performance problems become more visible, management may recognize the need to change but still take no measures.
In the stage of inaction, managers may acknowledge the need for change but yet do nothing as organizational performance issues become increasingly obvious.
What among the following has been determined to be the primary reason for organizational decline?According to certain statistics, competition is the leading factor in organizational decline. Industries that are making above-average earnings draw competition. Then, more businesses start to enter this sector. As a result, established organizations experience a higher rate of deterioration.
What is the decreasing stage?the stage of a product's life cycle when sales are declining because the initial demand or want has subsided or because a new product innovation has been released (after the introduction stage, growth stage, and maturity stage).
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Which element of an effective essay is the statement describing? The Contains a summary of the topic.
Answer:
The thesis statement should contain a summary of the topic, so the answer might be thesis statement.
Which of the following is true of the effect high inflation has on savings and spending
The statement which is true of the effect high inflation has on savings and spending is that: A. It decreases the overall value of savings in financial institutions if interest rates are less than the rate of inflation.
What is an inflation?In Economics, an inflation can be defined as the persistent general rise in the price of goods and services in the economy of a particular country, and at a specific period of time.
Generally speaking, inflation usually causes the value of money to fall and as a result, it imposes more cost on the economy of a particular country.
In conclusion, we can reasonably infer and logically deduce that one of the effect of high inflation has on savings and spending is the decrease in the overall value of savings in financial institutions due to price hike.
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Complete Question:
Which of the following is true of the effect high inflation has on savings and spending?
A. It decreases the overall value of savings in financial institutions if interest rates are less than the rate of inflation.
B. It increases the amount of spending in an economy.
C. It increases the overall value of savings in financial institutions if interest rates are less than the rate of inflation.
D. It has no impact on the overall value of savings.
the ledger of tamarisk company at teh end of the current year shows accounts receivable 77000 credit sales 810000 and sales returns and allowances 3700 prepare journal entries for each saperate scenario below
In this scenario the company collected $60,000 on its accounts receivable
Journal Entry Debit : Cash - $60,000
Credit: Accounts Receivable - $60,000
A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.
The very first stage of the accounting cycle is journal entries. You should be aware that all journal entries in accounting use the double-accounting method. This means that there is always a debit entry and a credit entry for every recorded transaction because two accounts are impacted.
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Flawed ways to pursue competitive efforts that will successfully differentiate a branded footwear from the branded offerings of rival companies include company's A) failing to produce branded footwear with an S/Q rating that is at least two-stars above the industry average in all four geographic regions. B) overspending the prices the company has to charge to cover costs per branded pair sold in the Internet and Wholesale segments are "too far above" the prices being charged by other rivals to capture a profitable volume of sales. C) not charging the highest wholesale price for branded footwear in all four geographic regions. D) failing to bid aggressively enough to sign enough celebrities to contracts to achieve celebrity appeal indexes of 275+ in each geographic region. E) overspending on branded and search engine advertising, not operating the company's production facilities at full production capacity (to keep total production costs per pair below the industry average), and overspending on social responsibility and corporate citizenship.
Flawed ways to pursue competitive efforts that will successfully differentiate a branded footwear from the branded offerings of rival companies include company's overspending on branded and search engine advertising, not operating the company's production facilities at full production capacity (to keep total production costs per pair below the industry average), and overspending on social responsibility and corporate citizenship. Option E.
What is meant by brand offering?Any goods or services that are advertised, sold, or otherwise provided or distributed by Licensee and have received formal certification from ONF for compliance with one or more of ONF's specifications, protocols, or projects are referred to as Branded Offering(s).
In business, competition refers to the struggle or rivalry between organizations that sell comparable goods and/or target the same customer base in an effort to outperform rivals in terms of sales, revenue, and market share.
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he meaning of undertime is: employees work more than normal hours, but they are not compensated. the workweek of some employees is permanently reduced. employees work as usual, but they are paid at a lower rate. employees don't have enough productive work for the number of hours that they normally work.
The meaning of undertime is employees don't have enough producive work for the number of hours as they normally do their job. So, the correction option is C.
The meaning of undertime is employees do not have productive work at their office or at job place to perform the work that they normally. When employees are undertime, they spent their time in non-work related activities such as gossiping, talking with each, internet surfing, watching videos or exploring web pages, surfing social media, and making personal phone calls, etc. The undertime affects the organization's productivity negatively. So, employers always try to keep their employees busy with some type of work. When an organization doesn't have enough productive work, the labor cost increases the organization's expenses.
Therefore, the correct option to this question is C, while the other options are not correct. Because they are not related to the meaning of undertime.
The complete questoin is given below
"
The meaning of undertime is:
A. Employees work more than normal hours, but they are not compensated. the workweek of some employees is permanently reduced.
B. Employees work as usual, but they are paid at a lower rate.
C. Employees don't have enough productive work for the number of hours that they normally work.
"
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yury is opening a financial consulting service for high-income retirees in his area. this target market is used to paying for quality and associates high quality with high prices. in this instance, yury should probably not use a penetration pricing strategy because
Yurgen is opening a financial consulting service for high-income retirees in his area. This target market is used to paying for quality and associates high quality with high prices. Yurgen should probably NOT use a market penetration pricing strategy because he might be missing out on customers who would pay more for his products.
What is financial consultants ?A financial advisor and a financial consultant are practically the same. They frequently provide a variety of services, and their financial advise is geared on the objectives and needs of the customer. Financial consultants occasionally have more experience with financial planning than your regular financial advisor. However, most financial counselors also offer investment services. The phrase "financial advisor" has generally taken the place of the relatively outmoded word "financial consultant." Financial consultants may operate for an organization or independently, serving both businesses and private clients.In summary, financial consultants provide individualized guidance to aid investors in increasing their wealth.
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Marketing Research (1)
1. Which question isn't collecting qualitative data?
* Why should phone be banned during school?
* Do you like chocolate or vanilla, yes or no?
* Describe the kind of toppings you like on your pizza.
* How should you discipline a child?
2. The group of people who represent the target markef and are taking part in a research study is ……
* Interviewees
* first responders
* target market
* sample
3. All the following are advantages of a survey EXCEPT
* can collect data on large samples
* data collected is always honest and reliable
* Quick
* Easy to analyze
4. Which of the following questions is market research not likely to find an answer to?
* Would consumers be likely to buy my product?
* What price would consumers be likely to pay?
* Which businesses will be the main competitors?
* Which method of production should I use?
5. Which of the following is an example of a primary data source
* sales reports
* inventory reports
* survey
* expense reports
6. What is an example of validity?
* A set of questions that vaguely answer the company's question.
* A set of questions fully answering what the business wants to know about a target market
* A set of questions that are poorly written
* Along survey asking the consumer random questions
7. What is the first step in the marketing research process?
* Analyze results
* Experiment
* Defining the problem
* Conduct a survey
8. Carolyn is planning on releasing a new product in her candy business and making a survey, What type of research is this?.
* Product placing
* Qualitative research
* Media research
* Quantitative research
9. In market research, a sample is defined as………
* A group selected from all the potential product consumers
* all the potential consumers of a product
* a trial of the product so that consumers can test it at home
* A gift to the consumer
1. Which question isn't collecting qualitative data?
Answer: B. Do you like chocolate or vanilla, yes or no?
Explanation: That question is not collecting qualitative data. This is a quantitative question, as it requires a yes or no answer.
2. The group of people who represent the target market and are taking part in a research study is ……
Answer: A. Interviewees
Explanation: Interviewees are those who are taking part in a research study and answer questions from the researcher to gain an understanding of the target market.
3. All the following are advantages of a survey EXCEPT
Answer: B. Data collected is always honest and reliable
Explanation: This is not necessarily an advantage of a survey as respondents may not provide honest answers or the data may be unreliable due to inaccurate responses.
4. Which of the following questions is market research not likely to find an answer to?
Answer: D. Which method of production should I use?
Explanation: Market research is focused on understanding customer needs and analyzing customer behavior, not determining an internal business strategy such as the best method of production.
5. Which of the following is an example of a primary data source
Answer: C. survey
Explanation: Primary data sources refer to data that is collected directly from its source. In this case, the data would be gathered through surveys given to a group of people.
6. What is an example of validity?
Answer: B. A set of questions fully answering what the business wants to know about a target market
Explanation: Validity is the accurate and precise measurement of what a survey or test is designed to measure. A set of questions that fully answer what the business wants to know about a target market would be considered valid.
7. What is the first step in the marketing research process?
Answer: C. Defining the problem
Explanation: This involves clearly identifying and assessing the current situation in order to determine what data needs to be collected and analyzed in order to answer the research question.
8. Carolyn is planning on releasing a new product in her candy business and making a survey, What type of research is this?
Answer: D. Quantitative research.
Explanation: Quantitative research is a type of research that collects data in numerical form and then uses statistical analysis to draw conclusions about that data. In this case, Carolyn is using a survey to collect data which she can then analyze to understand how successful her new product will be.
9. In market research, a sample is defined as………
Answer: A. A group selected from all the potential product consumers
Explanation: In market research, a sample is defined as a subset of a population that is chosen to represent the entire population in order to study it. A sample can be used to measure and better understand the opinions, behaviors, and characteristics of the entire population.
If you have any additional questions or need further assistance, please let me know.
A partial adjusted trial balance of Blossom Company at January 31, 2022, shows the following.
BLOSSOM COMPANY
Adjusted Trial Balance
January 31, 2022
Debit
Credit
Supplies
$ 800
Prepaid Insurance
2,400
Salaries and Wages Payable
$ 700
Unearned Service Revenue
650
Supplies Expense
900
Insurance Expense
400
Salaries and Wages Expense
3,100
Service Revenue
3,500
Answer the following questions, assuming the year begins January 1.
(a) If the amount in Supplies Expense is the January 31 adjusting entry and $1,000 of supplies was purchased in January, what was the balance in Supplies on January 1?
Supplies balance $
The balance in Supplies on January 1 is $ 700.
What is balance?Balance is defined as the sum owed or due on a certain account. The balance sheet gives a snapshot of the company's financial situation at a specific point in time, typically the end of a month or financial year.
Occasionally, a business may get payment from a client before delivering the product or service. Such a payout is regarded as unearned income and represents a liability for the business.
Supplies on January 1 equal purchases made during the period less expenses for supplies.
Supplies on January 1 = $800 + $900 - $1000
Supplies on January 1 = $1700 - $1000
Supplies on January 1 = $700
Thus, the balance in Supplies on January 1 is $ 700.
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What are the benefits of attending a local community
college?
A. It is cheaper to earn an Associate's degree at a
community college and then transfer to a four-year
college to finish.
B. You can live at home and save dorm fees while
earning an Associate's degree.
C. Choosing a local community college within closer
driving range saves on transportation costs.
D. All of the above.
Answer:
d all the above
Explanation:
hope this helps
D
dddddddddddddddddddd
Interests banks pay to borrower from other banks
Answer: interbank lending market
Explanation:
MurderA special case of termination by extinction is called termination by ____________, when there is a sudden end to a project.
Murder When a project is abruptly abandoned, it is referred to as termination by hunger, which is a special instance of termination by extinction.
What exactly does termination mean?The word terminate has a noun form called termination, which means to put an end to. It also implies to terminate somebody from a job, and termination is probably the word most frequently used to describe this action or its outcome, as in His employment with the business came to an end after termination.
What does being fired entail in the workplace?When an employee or an employer stops the working relationship, employment is terminated. Employees may choose to end their job voluntarily or on their own initiative, or it may be forced upon them by the employer.
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__________ planning prepares alternative courses of action that may be used if the primary plans are not achieving objectives.Select one:a. strategicb. contigencyc. operationsd. tactical
A contingency plan provides an alternative course of action that can be used if the primary plan fails to achieve its goals.
What is contingency planning?Contingency planning is a procedure designed to enable an organization to effectively respond to significant future incidents, events, or situations that may or may not occur. A contingency plan is a plan for "what if" scenarios that can ruin your project or business.
Example: Backing up all your website data in case your website is peeved. If this scenario occurs, you can easily recover your data by regaining access and changing your password.
What are main phases of a contingency plan?1) Program management: Most organizations start by recruiting a contingency planning team that includes at least one representative for each department and each management-level to entry-level position. 2) Plan. 3) Implementation. 4) test & practice. 5) Program improvements.
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process costing is typically used for businesses that make large quantities of identical items. T/F
It is correct that "businesses that produce large numbers of identical items generally use process costing." Hence Its answer is true.
What does "process costing" mean?Process costing is a type of costing that's primarily utilized in manufacturing, where products are mass-produced constantly using one or even more processes. Example of this include producing chemicals, erasers, or processed foods.
What objectives does process costing serve?Process costing is an essential product costing technique for manufacturing companies that mass manufacture numerous similar products or units of output. Process costing is used by many companies, including those who refine oil, make meals, use chemical, produce paint, fabrics, glassware, and other building materials.
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Barbara is single and owns a home in the city, which is her primary residence. She also owns a cottage at the beach, which she treats as a vacation home. In April 2021, she borrowed $80,000 on a home equity loan and used the proceeds to pay off credit card obligations and other debt. She paid the following in 2021:
Mortgage interest (personal residence) $ 24,000
Mortgage interest (cottage) 12,800
Interest on the home equity loan 8,000
Interest on credit card 4,000
Required:
Calculate any AMT adjustment concerning interest in 2021.
Barbara is a single woman who lives alone in a house she owns in the city. She also has a beachfront cottage that she uses as a getaway. She took out a $62,500 home equity loan in April 2020 and utilized the money to pay off credit card debt and other creditors.
What is credit card?A credit card often functions as a cash or check substitute and frequently offers an unsecured revolving line of credit.
Each billing cycle, the borrower is obligated to pay down at least a portion of the card's outstanding balance, subject to the conditions outlined in the cardholder agreement.
A credit limit is given to a credit card, which is a sort of revolving credit account, by the lender.
Your credit card's spending limit is this amount, but keep in mind that you'll still need to make the minimum payment due each month.
Consider utilizing your debit card for regular purchases since you will immediately see the money deducted from your checking account.
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which of the following is an economic tool that interrupts an employer's business but falls short of a stoppage or strike?
Slowdown is an economic tool that interrupts an employer's business but falls short of a stoppage or strike
When workers go on strike to force an employer, such as when the employer insists on reducing wages and benefits, this is known as an economic strike. An employer might permanently replace workers during these strikes.
Wages and safety and health concerns are common factors in legitimate strikes. The lockout is the last event.
Like a strike, a lockout often takes place in compliance with the relevant legislation and the current collective bargaining agreement. When management forbids bargaining unit members from entering corporate premises, a lockout occurs.
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The common currency that was initially adopted by eleven member states of the European Union is the
a. continental.
b. euro.
c. maastricht.
d. francmark.
e. freipence.
The (b) euro is the unified currency that the European Union's eleven founding members first adopted.
What Is the Meaning of currency?Commodities and services can be exchanged using money. Currency is defined as a unit of account that is issued by a government and is accepted at face value. When bartering, products and services were directly exchanged for one another. A nation's official unit of exchange for buying goods and services is its national currency, which is a form of legal tender issued by the central bank or other monetary authority. The Federal Reserve controls the dollar, which is the main form of money in the United States.
Why is the US dollar so strong?The Federal Reserve raised interest rates throughout the year in an effort to combat the sky-high inflation, which resulted in a significant strengthening of the dollar. This year, the U.S. Dollar Index, which compares the dollar to a basket of other currencies, has increased by more than 17%.
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suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. how does this event affect the demand for money?
Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If people need to hold less cash, the demand for money is less at any price level so it shifts left.
What are bank regulations?Generally, Bank regulation is a type of governmental regulation that subjects banks to particular requirements, restrictions, and guidelines.
The purpose of bank regulation is to create market transparency among banks and the individuals and companies with whom they continue to do business, among other things.
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Which of the following is included in the definition of a security under the Securities Act of 1933? Choose 3 answers.
publicly traded stocks and bonds
stock options, puts, and calls
an interest in real estate
an investment contract that meets the Howey test
Securities Act of 1933 includes publicly traded stocks and bonds stock options, puts, and calls an interest in real estate.
What is Securities Act of 1933?
The Securities Act of 1933 was created and passed into law as a method of safeguarding investors following the stock market crash of 1929. The Act's two main goals were to prevent fraud and deceit in the securities markets and to encourage more transparency in financial statements so that investors may make informed investment choices.
The Securities Act of 1933 was the first important law controlling the selling of securities. The sale of securities was mostly governed by state legislation prior to this act. The Act met the need for additional information by requiring firms to register with the Securities and Exchange Commission (SEC).
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What action can a painter take to maintain the exterior envelope of a building?
Create an ongoing schedule of repairs to maintain the building’s structural integrity.
Supervise laborers who paint the building’s offices and residential spaces.
Ensure that paint colors suit the environment.
Apply sealants to protect the structure from weather and other sources of erosion.
The motion a painter can take to hold the outdoors envelope of a constructing is Apply sealants to guard the shape from climate and different re assets of abrasion.
The required details for Erosion in given paragraph
Erosion is the motion of floor tactics (such as water flow or wind) that removes soil, rock, or dissolved cloth from one place on the Earth's crust, and then transports it to any other place wherein it is deposited. Erosion is wonderful from weathering which includes no movement. Removal of rock or soil as clastic sediment is cited as bodily or mechanical erosion; this contrasts with chemical erosion, wherein soil or rock cloth is eliminated from a place with the aid of using dissolution. Eroded sediment or solutes can be transported only some millimeters, or for heaps of kilometers. Agents of abrasion include rainfall; bedrock put on in rivers; coastal erosion with the aid of using the ocean and waves; glacial plucking, abrasion, and scour; areal flooding; wind abrasion; groundwater tactics; and mass movement tactics in steep landscapes like landslides and particles flows. The fees at which such tactics act manipulate how rapid a floor is eroded.
Typically, bodily erosion proceeds the quickest on steeply sloping surfaces, and fees will also be touchy to a few climatically-managed homes which includes quantities of water supplied, storminess, wind speed, wave fetch, or atmospheric temperature.
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the expected return on natter corporation's stock is 14%. the stock's dividend is expected to grow at a constant rate of 8%, and it currently sells for $50 a share. which of the following statements is correct?
The profit or loss an investor predicts from an investment with known historical return rates is known as the expected return (RoR).
How do you find expected rate of return?All upcoming dividend payments made by the stock are included in the estimated market value. You can determine how much investors should be willing to pay for the shares if you can calculate the growth rate of the dividends. To determine the dividend increase for the following year, multiply this year's dividends by their growth rate.
An expected price level, also known as anticipated price level, is the rate or price that products and services might be expected to attain given a specific set of economic conditions.
In contrast to cash dividends, stock dividends are payments made to shareholders in the form of new shares. Each existing share gets paid a fraction of the distributions. For instance, if a business declares a 5% equity dividend, it will pay
Therefore, the correct statement is the stock price is expected to be $54 a share one year from now.
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Jaleel wants to return the shirt he ordered because it is too small. When he went to the store, the salesperson happily accepted his return and refunded his money since the store did not have the correct size for an exchange. Jaleel has experienced _______.
good customer service
Jaleel has experienced good customer service from the store.
What does good customer service entail?In order to provide good customer service, expectations must always be met. Swift, simple, individualized, and sympathetic describes great customer service. Businesses that offer top-notch customer support invest the time necessary to comprehend the requirements of their specific clientele. Following best practices, such as respecting customers' time, being friendly, and offering knowledgeable and helpful resources, is one aspect of great customer service.
However, you should also go above and beyond to exceed expectations rather than simply meet them. The three "p"s—professionalism, patience, and a "people-first" attitude—are essentially the three key components of good customer service. As long as you're adhering to these rules, you're on the right track even though customer service differs from customer to customer.
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The city in which you live provides its budget information in monthly budgetary control reports with each month representing 1/12th of the overall budget. You overhear several managers discussing the budget at a community meeting. You were surprised to hear that half of the managers liked this process and that the other half felt that it did not adequately match their expenses. Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process.
The process of comparing actual revenues and expenditures to budgeted figures/planned income or expenditure is known as budgetary control. Half of the department likes the budget process because it is beneficial to them, while the other half dislikes it because it does not adequately match their expenses.
What is budgetary control?Budgetary control is a set of procedures that ensures an organization's actual revenues and expenditures closely match its financial plan. The system typically entails setting personal budget-based goals for managers, as well as a set of rewards that are triggered when the goals are met.
Some managers did not like the budget as the expenses revealed in the budget did not match with the expenses that the managers have forecasted. For the other half of the managers, they liked the budgetary control that the city have provided because it is as per their expectation.
Therefore, the issue regarding the preparation of the budgets are discussed.
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B. A payment that you make each month that may vary in price (gasoline).
C. Expenses made to take care of your loved ones.
D. Expenses that stay the same each month and do not change.
What is the field of social work that focuses on patient advocacy?
immigrant care social work
uninsured care social work
hospital care social work
health care social work
Answer:
The answer will be the option d
Hope this helps you
a(n) ____ is a network of organizations and activities needed to obtain materials and other resources, produce final products, and get those products to their final users.
The supply chain is a web of businesses and activities required to gather supplies and other resources, create finished goods, and deliver those goods to consumers.
Define the supply chain.The connection of all the people, businesses, resources, tasks, activities, and technological advancements involved in the production and distribution of a good is known as a supply chain. A supply chain includes every step of the process, from the transfer of raw materials from of the source to the producer to the final distribution to the customer.
How do the seven supply chain functions work?Although the field of supply chain management is very vast, there are seven key functional areas that it revolves around: purchasing, manufacturing, inventory control, sales forecasting, storage, transportation, and customer service.
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Camilla entered the following group of values into the TVM Solver of her
graphing calculator. N = 24; 1% = 1.2; PV = ; PMT= -480; FV = 0 P/Y = 12; C/Y
= 12; PMT:END. Which of these problems could she be trying to solve?
The problem that Camila could be trying to solve, given the TVM solver values, is A. A person can afford a $480-per-month loan payment. If she is being offered a 2-year loan with an APR of 1.2%, compounded monthly, what is the most money that she can borrow?
How to find the amount to be borrowed ?The amount to be borrowed depends on several things such as the amount that can be paid towards repaying the debt monthly, the number of years, months, or periods that the loan is to be repaid over, and the Annual Percentage Rate.
There is also the number of compounding periods in a year shown by the symbols of P / Y and C / Y. Camila is most likely trying to find out how much a person who can afford $ 480 a month can borrow, because the values in the TVM solver reflect such a loan amount and interest rate. The compounding periods are 12 so this must be a 2 year loan for a period of 24 to be shown.
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