The aging of accounts receivable method of determining bad debts expense is based on the knowledge that the longer a receivable is past due, the more likely it is to be collected. Group startsTrue or False

Answers

Answer 1

False

Which method for estimating bad debts is generally considered to be the most accurate?

Bad debt is a cost of extending credit to customers. Loans or unpaid balances that must be written off because they are no longer considered recoverable are referred to as bad debt. As there is always some default risk associated with offering credit to customers, this expense is a cost of doing business with them.

Since it is a temporary account, at the conclusion of the accounting period, its balance is closed (reduced to zero).

The proportion of credit sales approach is typically thought to be less accurate than the aging of accounts receivable method. In general, the longer a receivable stays unpaid, the less probable it is to be paid, and this is taken into account by the aging of accounts receivable approach.

Learn more about bad debt here:

https://brainly.com/question/15315644

#SPJ4


Related Questions

Consider the following statement by a project analyst: "i analyzed my project using scenarios for the base case, best case, and worst case. i computed break-evens and degrees of operating leverage. i did sensitivity analysis and simulation analysis. i computed npv, irr, payback, aar, and pi. in the end, i have over a hundred different estimates and am more confused than ever. i would have been better off just sticking with my first estimate and going by my gut reaction." critique this statement

Answers

In this kind of research discloses both a project's shortcomings and virtues. Even when all of the analysis is done, there is still a tremendous lot of uncertainty due to the very nature of the process. However, rather than being less confident in their decision-making, the analyst should be better educated and more confident in the end.

What is Scenario Analysis?

The practice of analyzing and evaluating prospective future events or scenarios in order to foresee different likely outcomes or realistic results is known as scenario analysis. Financial modeling is typically used to estimate changes in a company's value or cash flow when there are probable favorable and unfavorable events that could have an impact on the business.

What do you understand by Decision Criteria?

The sets of concepts, rules, and guidelines known as the decision criteria are what an organization utilizes to decide on a course of action.

Learn more about Scenario Analysis: https://brainly.com/question/14293513

#SPJ4

If aggregate demand decreases and aggregate supply decreases, the level of real output will:_______

Answers

If aggregate demand decreases and aggregate supply decreases, the level of real output will decrease, but the price level may increase, decrease, or stay the same.

If both aggregate demand and supply decrease, it will affect the GDP and employment rate, as these will drop. The effect of this on price levels will only be known if the magnitude of the changes is known. If the decrement of the aggregate demand exceeds that of the aggregate supply, the price level will drop.

Aggregate demand is the amount of total spending on domestic goods and services in an economy. Whereas, aggregate supply is the total quantity of output which firms will produce and sell, such as GDP.

Hence, the level of real output will increase or decrease when both aggregate demand and supply decreases.

To learn more about aggregate demand and supply here:

https://brainly.com/question/24319248

#SPJ4

Consumer behavior is the study of people's decisions and the factors that influence those decisions.

Answers

Consumer behavior is the study of people's decisions and the factors that influence those decisions are Psychological Factors, Personal Factors and Social Factors.

Consumer behaviour is the study of how people choose what they purchase, desire, need, or do in relation to a good, service, or business. Understanding consumer behaviour is essential to predicting how prospective customers will react to a new good or service. Additionally, it aids businesses in locating untapped prospects. Numerous problems affecting consumers are specific to their way of thinking. A person's attitude, their capacity for learning or understanding information, and how they perceive a need or circumstance are all examples of psychological aspects.

Personal qualities are traits that are unique to a person and may not apply to other members of the same group. Social traits are the third element that has a substantial impact on customer behaviour. Social influences can range widely and include a person's family, friends, coworkers, schoolmates, or any group of individuals they are affiliated with.

To learn more about consumer behavior here,

https://brainly.com/question/20800929

#SPJ1

When considering third-party service providers to host sensitive data, you should conduct a vendor risk review. What actions does this include?

Answers

The actions do this include:

A)Test the vendor's hardware or software.

B)Ask the vendor to fill out a security questionnaire.

Vendor chance management (VRM), or 0.33-birthday celebration danger management, is the management, tracking, and evaluation of dangers that end result from 0.33-celebration carriers and providers of products and services.

An excessive-danger supplier is a 3rd-celebration vendor that has to get the right of entry to a agency's sensitive corporate information and/or handles its financial transactions and has a high risk of information loss. A high-threat seller is also a supplier that an organisation relies upon directly to run its operations.

A seller chance control application reduces the frequency and severity of statistics breaches, records leaks, and cyber attacks regarding 1/3 and fourth-parties, defensive touchy information, PII, PHI, and highbrow property and ensures business continuity.

Learn more about the vendor  here: https://brainly.com/question/24448358

#SPJ4

______ provide for an orderly repayment of a bond issue, reduce the risk that the bond will not be repaid, and help to support the market price of the bond.

Answers

Sinking funds provide for an orderly repayment of a bond issue, reduce the risk that the bond will not be repaid, and help to support the market price of the bond.

A sinking fund is a collection of funds that have been put up or saved to pay off bonds or debts. A corporation that issues debt will eventually have to pay that debt back, and the sinking fund lessens the burden of a significant outlay of revenue.

An economic entity creates a sinking fund by gradually withholding income in order to pay for long-term debt repayment or upcoming capital expenses.

Don't be misled by the phrase "sinking," which seems to be a bad thing. The word "sinking fund" is used in more conventional contexts to describe funds placed aside to pay off long-term debt, such as a bond. The phrase "sinking" probably alludes to the amount of debt that is still owed as time goes on.

Learn more about sinking fund here

https://brainly.com/question/26361248

#SPJ4

You are a retail investor and trading shares on Robinhood (TM). You believe that the bear market in NASDAQ stocks market over the past several months will continue and that stocks in general will decline over the next 12 months. If the market indeed declines per your forecast, it should be least profitable to have invested in:

Answers

It should be least profitable to have invested in Stocks with Low Betas.

What are NASDAQ stocks?On an automated computer network, investors can buy and sell stocks on the NASDAQ electronic stock exchange. Through a computer network, investors can purchase and sell equities on the NASDAQ Stock Market. On the NASDAQ exchange, shares of more than 3,300 firms are traded openly. Other exchanges utilize automated trading, but NASDAQ is distinct since it focuses on high-tech businesses. This post is for business owners and anybody else interested in learning more about the NASDAQ stock exchange. A computer network that is automatic, transparent, and quick is how the NASDAQ Stock Market, an American stock exchange, allows investors to purchase and sell equities.

Non-professional market participants known as retail investors typically make smaller investments than larger, institutional investors. Although some internet brokers provide no-fee trading, retail investors may pay greater fees and commissions due to their smaller trade sizes.

Therefore,

It should be least profitable to have invested in Stocks with Low Betas.

Know more about NASDAQ Stocks with the help of the given link:

https://brainly.com/question/17132202

#SPJ4

_______ involves developing marketing strategies as though the entire world (or its major regions) were a single entity.

Answers

Globalization involves developing marketing strategies as though the entire world (or its major regions) were a single entity.

What is Globalization?

This is referred to the integration of people and government worldwide through advances in technology etc.

This strategy promotes interactions between countries and ensures the products being used in any part of the world thereby making it the most appropriate choice.

Read more about Globalization here https://brainly.com/question/1133228

#SPJ1

The three methods used to classify costs into their fixed and variable components includes.

Answers

The methods used to classify costs into their fixed and variable components are:

scatter diagramshigh-low methodregression analysis

What is a costs classification?

This refers to the way by which economic cost are classified for proper purpose and identification.

Majority of fixed and variable cost are classified by using the scatter diagrams, high-low method and regression analysis.

Read more about costs

brainly.com/question/26245657

#SPJ1

Accountants use the following three methods to classify mixed costs into their fixed and variable components:

High-low methodScatter graphRegression analysis.

What are mixed costs?

Mixed costs are costs that have both fixed and variable elements.

Fixed (period) costs do not change with changes in the production volume, unlike variable (differential) costs.

Thus, since variable costs are essential for decision-making, management tries to separate mixed costs so that insights into cost structure become clearer using the above three methods.

Learn more about the cost classification methods at https://brainly.com/question/21053145

#SPJ1

The determination of the mathematical relationship between activity level and cost is known as:______

Answers

Answer:

cost estimation

If the same person served on the boards of directors of competing firms, she would be participating in:____.

Answers

If the same person served on the boards of directors of competing firms, she would be participating in an interlocking directorate.

What is interlocking directorate?

Interlocking directorate is when a person, who is a director in a company, accept the position of a director in a competing firm. It is the practice of the same individual being a member of multiple boards in companies.

Here, a member of one corporation's board of directors in that corporation as well as the board of another corporation or management of another corporation in business practice.

The above means that a corporate directorate includes one or more members who serve simultaneously in the directorates of other firm.

Learn more about interlocking directorate here: https://brainly.com/question/13963102

#SPJ1

In july 2009, hungary successfully issued 1 billion euros in bonds. the transaction was managed by citigroup. who is the issuer of the bonds?

Answers

The Hungarian government is the issuer of the bonds. A bond is a fixed-income instrument that represents an investor's loan to a borrower (typically corporate or governmental). Bondholders are the issuer's debtholders or creditors.

A bond can be thought of as an I.O.U. between the issuer and the borrower that includes the loan details and payments. Companies, municipalities, states, and sovereign governments use bonds to finance projects and operations. Bond details typically include the end date when the loan's principal is due to be paid to the bond owner and the terms for variable or fixed interest payments made by the borrower.

To learn more about bonds, click here

https://brainly.com/question/17031243

#SPJ1

he only stable isotope of fluorine is F. What type of radioactivity would you expect from the isotope F, which has one fewer neutron

Answers

The only stable isotope of fluorine is F is F¹⁹which has one fewer neutron and displays β + decay of radioactivity

What is Beta decay (β+ decay)?

In nuclear physics, beta decay, also known as β-decay, is a type of radioactive decay in which an atomic nucleus emits a beta particle (a fast energetic electron or positron), which changes the original nuclide into an isobar of that nuclide.For instance, in so-called positron emission, a proton is transformed into a neutron by the emission of a positron along with a neutrino, while in beta decay a neutron is transformed into a proton by the emission of an electron along with an antineutrino.Prior to beta decay, neither the beta particle nor the associated (anti-)neutrino are present in the nucleus; instead, they are produced during the decay process. This procedure gives unstable atoms a protons-to-neutrons ratio that is more stable.

Know more about Beta decay (β+ decay) https://brainly.com/question/25455333

#SPJ4

If purchasing power parity holds, when a country's central bank decreases the money supply, its:_____.
A. price level rises and its currency appreciates relative to other currencies in the world. B. price level rises and its currency depreciates relative to other currencies in the world. C. price level falls and its currency appreciates relative to other currencies in the world. D. price level falls and its currency depreciates relative to other currencies in the world.

Answers

If purchasing power parity holds, when a country's central bank decreases the money supply, its If purchasing power parity holds, when a country's central bank decreases the money supply, its price level (rises/falls) and its currency (appreciates/depreciates) relative to other currencies in the world.

A theory of exchange rate determination and a means to compare average prices of goods and services between nations is purchasing power parity (PPP).

According to the hypothesis, fluctuations in the spot exchange rate are caused by importers' and exporters' actions, which are prompted by variations in prices across nations.

Alternatively, PPP contends that changes to a nation's current account may have an impact on the value of the currency's exchange rate on the foreign exchange (Forex) market.

In contrast, the interest rate parity theory postulates that fluctuations in the exchange rate are caused by investor actions (whose transactions are reported on the capital account).

The "law of one price" as it pertains to the overall economy is the foundation of PPP theory.

Hence, option A and D is correct.

To learn more about PPP here

https://brainly.com/question/27463586

#SPJ4

Which two texas metropolitan areas are national centers for the high-tech industry?

Answers

Which two texas metropolitan areas are national centers for the high-tech industry: Dallas and Austin

metropolitan area, also called Metropolis, a major city together with its suburbs and nearby cities, towns, and environs over which the major city exercises a commanding economic and social influence.

The general concept of a metropolitan area  is that of a core area containing a large population nucleus, together with adjacent communities that have a high degree of economic and social integration with that core.

learn more about metropolitan here

https://brainly.com/question/547381

#SPJ4

An _______ is a promise or commitment to do (or refrain from doing) a specified activity such as selling a good at a certain price or offering to provide services at a given rate.

Answers

An offer is a promise or commitment to do (or refrain from doing) a specified activity such as selling a good at a certain price or offering to provide services at a given rate.

What is an offer?

An offer is a tentative offer made by a buyer or seller to buy or sell an asset that, if accepted, has legal force. Another definition of an offer is the act of selling something or submitting a purchase bid.

Key features of Offer:An offer is a contingent request for a buyer or seller to buy or sell an item that, if accepted, forms a legally enforceable contract.There are many various kinds of offers, and each one has a unique set of specifications about the price, the terms and conditions, the type of asset, and the objectives of the buyer and the seller.The offering price is the price at which publicly traded securities are made available for purchase by the investment bank underwriting the issuance in both equity and debt offerings.

Learn more about offer here:

https://brainly.com/question/15281040

#SPJ4

The price elasticity of demand for tickets to local baseball games is estimated to be equal to 0.89. In order to boost ticket revenues, an economist would advise:

Answers

Based on the fact that the price elasticity of demand is 0.89, an economist would advise increasing the price of the ticket.

Why should ticket prices be raised?

When the price elasticity of demand is less than 1, it means that demand is inelastic.

This allows one to increase the price of the service or good because demand will decrease less than the revenue will increase which would lead to more profit.

Find out more on inelastic demand at https://brainly.com/question/28001343

#SPJ1

_____ refers to the process of collecting the outcomes needed to determine whether training is effective.

Answers

A Training evaluation refers to the process of collecting the outcomes that is needed to determine whether training is effective.

What is a Training evaluation?

This refers to a systematic process of collecting information and using that information to improve your training.

Furthermore, the training evaluation is a process that provides the users a feedback to help you identify if your training achieved your intended outcomes and helps you make decisions about future trainings.

Hence, it means the process of collecting the outcomes that is needed to determine whether training is effective.

Read more about training evaluation

brainly.com/question/24191943

#SPJ1

The owner of mcdonald's, ray kroc, turned to his business associates - his suppliers - for funds to keep the business going.

a. True
b. False

Answers

"The owner of McDonald's, ray Kroc, turned to his business associates - his suppliers - for funds to keep the business going the given statement is true.

"Kroc shall receive one and nine-tenths per cent (1.9 per cent) of net profits generated by the franchisee(s), with one-half per cent (0.5 per cent) of said net earnings given to Richard McDonald and Maurice McDonald," according to the contract.

A meagre income source and little cash reserves & added that the franchisee chooses the location and then signs a lease.

The contract is an albatross that forces Kroc to go through a glacially long approval process in order to make adjustments.

Kroc was free to manage the business any way he saw fit after the McDonald brothers were out of the way.

He had established more than 700 eateries in 44 states by 1965. The first fast-food corporation to list on the stock market was McDonald's in April of that year. Shares of stock were issued for $22 each. Within a few weeks, it increased to $49 per share, turning Kroc into an overnight millionaire. By the end of the decade, approximately 1,500 McDonald's restaurants were open throughout the world, exceeding even Kroc's original aim.


Hence, the above-given statement is true.

Learn more about the contract here,

https://brainly.com/question/2669219

# SPJ1

As the number of facilities in a supply chain network increases, total logistics costs will:_________

Answers

As the number of facilities in a supply chain network increases, total logistics costs will increase. A supply chain is a network that connects all of the people, businesses, resources, tasks, and technological advances involved in the production and distribution of a good.. The distribution of raw materials from supplier to manufacturer and on to the final delivery to the client make up the entirety of  supply chain.

Distribution channel refers to  portion of the supply chain that transports the final good from the manufacturer to the consumer. Practical planning and specific arrangements required to successfully execute known as logistics.

To learn more about supply chain, click here.

https://brainly.com/question/16023650

#SPJ1

Who is responsible for managing existing products through the stages of the life cycle?

Answers

All product managers are in charge of overseeing current products as they go through various life cycle stages. includes changing one or more aspects of a product, such as its performance, quality, or appearance, in order to raise the product's value to users and boost sales.

Who are product managers?

The business process of designing, developing, launching, and managing a product or service is known as product management. It encompasses a product's complete lifecycle, from conception through development to launch.

A product manager describes what success looks like for a product, pinpoints the consumer need and bigger corporate goals that a feature will address, and rallies a team to make that vision a reality.

Learn more about  product manager here

https://brainly.com/question/24663141

#SPJ1

What strategy is american tile corp. using when it acquires a company that makes industrial cleaning products that american tile does not currently offer?

Answers

Diversification strategy is American tile corp. using when it acquires a company that makes industrial cleaning products that American tile does not currently offer.

When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification.

One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth techniques is more likely to work for your firm than the others, depending on the sector, size, and ambition of your business. As follows:

Product Development

Penetration

Market Diversification and

Development

Learn more about Diversification here

https://brainly.com/question/417234

#SPJ4

In the absence of urban manufacturing jobs, low wage service sector jobs have emerged to meet the needs of corporations. Low wage service jobs often face some of the lowest wages and poorest working conditions. People employed in these occupations are described as:

Answers

People employed in these occupations are described as low-skilled minorities .

What is spatial mismatch hypothesis?

The spatial mismatch hypothesis (SMH)  serves as an a hypothesis that stressed  that low-skilled minorities residing in US inner cities experience poor labour market outcomes.

And this case,  they are disconnected from suburban job opportunities, hence  and they experience, Low wage service jobs often face some of the lowest wages and poorest working conditions.

Learn more about spatial mismatch hypothesis on:

https://brainly.com/question/15357863

#SPJ1

Ellie, Josie, and Dylan are partners in a car dealership. Ellie gives notice to Josie and Dylan that she wants to withdraw from the partnership, and Josie and Dylan decide to continue the partnership without her. Shortly after Ellie leaves the partnership, she has lunch with an old friend, Justin. Justin has been looking for a new car and asks about the price of a particular car he saw on the website of the dealership, because he does not know that Ellie has left the partnership. Instead of telling Justin that she has left the partnership, Ellie quotes Dylan a price for the car, and Dylan accepts. When Dylan goes to the car dealership to complete the deal:

Answers

When Dylan goes to the car dealership to complete the deal: Unless the dealer has informed Dylan of Ellie's dissociation, the agreement must be honored. This is further explained below.

What is a car dealership?

Generally, When a manufacturer enters into a contract with a firm to sell new or pre-owned vehicles to the general public via dealerships, the dealer is referred to as a "dealer" or "dealership."

In conclusion, When Dylan finally makes it to the auto lot to finalize the purchase, This contract is binding unless the dealer has told Dylan that Ellie is no longer associated with the business.

Read more about a car dealership

https://brainly.com/question/11205291

#SPJ1

Alex and Michael Helbig signed a contract to purchase their first home from sellers Joe and Bonnie Watson. Once closing occurred and all closing requirements wrapped up, the Helbigs were given the keys to their house. What type of contract do they have at this point

Answers

"Alex and Michael Helbig signed a contract to purchase their first home from sellers Joe and Bonnie Watson.". The  type of contract do they have at this point is an Executed contract

This is further explained below.

What is Executed contract ?

Generally, A signed contract that creates a contractual connection between two or more parties is referred to as a "executed contract."

In conclusion, They signed a deal to buy their first house from the seller's Joe and Bonnie Watson. An Executed contract is the sort of agreement they now have.

Read more about Executed contract

https://brainly.com/question/27516414

#SPJ1

A monopolistic competitor wishing to maximize profit will select a quantity where.

Answers

The primary objective of a monopolistically competitive firm is to maximize profits by increasing revenues and minimizing the total costs of production. The profit maximizing level of output occurs where marginal revenue is equal to the marginal cost of production.

What is Profit Maximization?

Monopolistic competition is a market structure characterized by many firms selling differentiated products with some barriers to entry into the market.

The primary objective of a monopolistically competitive firm is to maximize profits by increasing revenues and minimizing the total costs of production. The profit maximizing level of output occurs where marginal revenue is equal to the marginal cost of production.

In Other Term, Profit maximization is a process business firms undergo to ensure the best output and price levels are achieved in order to maximize its returns.

Therefore, we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

A monopolistic competitor wishing to maximize profit will select a quantity where:

a) Marginal revenue equals marginal cost

b) Marginal cost equals demand

c) Marginal cost equals average cost

d) Marginal revenue equals average cost

Learn more about Profit Maximization on:

brainly.com/question/13464288

#SPJ4

Jackson's nominal income is $50,000 per year in Lakeview where the cost-of-living index is 200. Jackson is considering accepting a similar job and relocating to Beachland where the cost-of- living index is 210. For Jackson's income to have the same purchasing power in Beachland as $50,000 has in Lakeview, Jackson's nominal income per year in Beachland must equal:

Answers

Jackson's nominal income per year in Beachland is mathematically given as

nR=52,500

What is ?

Generally, the equation for Real Income is mathematically given as

[tex]R=\frac{50000}{200}[/tex]

Therefore

R=250

In conclusion, The nominal income will be

[tex]Real income=\frac{nR}{210}[/tex]

Therefore

[tex]250=\frac{nR}{210}[/tex]

nR=250*210

nR=52,500

Read more about nominal income

https://brainly.com/question/14943772

#SPJ1

For Jackson's income to have the same purchasing power in Beachland as $50,000 has in Lakeview, Jackson's nominal income per year in Beachland must equal $52,500.

What is the nominal income?

The nominal income represents Jackson's income without adjustment for inflation.

The nominal income can be compared from place to place based on the cost-of-living indices in the two places.

Data and Calculations:

                            Lakeview    Beachland

Nominal income $50,000        ?

Cost-of-living index  200          210

Nominal income in Beachland = $52,500 ($50,000 x 210/200)

Thus, Jackson needs a nominal income of $52,500 in Beachland to have the same purchasing power as in Lakeview.

Learn more about nominal income at https://brainly.com/question/19425399

#SPJ1

One of the first signals that an organization is making progress in the development of its IR program, specifically in the development of its CSIRT, is a dramatic drop in the number of identified incidents.

Answers

This statement is FALSE.

Incident response (IR) is the procedure for preparing, detecting, containing, and remediating a data breach.

Creating an incident response plan is important for your organization. This enables organizations to respond to security breaches in a systematic manner (that is, according to a consistent incident handling methodology) and take necessary actions.

Incident response procedures focus on planning security breaches and how an organization can recover from them. Without a formal IR plan, organizations may not be able to detect attacks and know what to do to contain, clean up, and prevent detected attacks.

Learn about CSIRT here:https://brainly.com/question/10618182

#SPJ4

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exception

Answers

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market in option B. workers receive wages that are above their marginal revenue product (MRP).

In developing countries, labor markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty. Ultimately, having a decent, well-paid, and secure job is the most sustainable path to increasing incomes and consumption levels.

That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at higher wages. Although employers, who demand labor, prefer lower wages, workers, who supply that labor, prefer high wages.

Your question is incomplete. Please read below for the missing content.

Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. Which is the exception?

a. Workers appear identical to firms.

b. Workers receive wages that are above their marginal revenue product (MRP).

c. There are no barriers to entering the labor market.

d. There are no barriers to exiting the labor market.

e. There are many buyers of labor in the market.

Learn more about the labor market here https://brainly.com/question/25715806

#SPJ4

In evaluating service quality, measurement of expectations can be included in a research program by _____.

Answers

In evaluating service quality, measurement of expectations can be included in a research program by service research.

Research programs are a specialized network of scientists conducting basic research. The term was used by the philosopher of science Imre Lakatos to describe the scientific normative model of Karl Popper's The Logic of Scientific Discovery (including the idea of ​​falsifiability) and Thomas Kuhn's The Logic of Scientific Discovery. Used to blend and revise the descriptive scientific model of "Structure". Revolution (including ideas of ordinary science and paradigm shift) .

Lacatos found that falsificationism was unrealistic and often not practiced, and ordinary science (a paradigm of science that emulates the paradigm). Has erased a different perspective) has found it to be more exclusive than it really is.

Lakatos found that many research programs coexist. Each had a hardcore theory that was unaffected by revisions, surrounded by a protective belt of adaptive theory. One research program competes with another to become the most advanced.

Learn more about Research programs  here: https://brainly.com/question/968894

#SPJ4

Molly has a $2500 down payment saved for this purchase. Molly assumes the $1500 cash allowance will come straight off her total. How much loan does molly need?.

Answers

The Loan needed by Molly is $21,495

Based on the information given molly is going to pay the exact MSRP of $25,495 and Cash Allowance of $1,500

Now, let determine How much loan does Molly need:

Using this formula,

Loan needed =MSRP amount- Down Payment-Cash allowance

Where:

MSRP amount=$25,495

Down payment=$2,500

Cash allowance=$1,500

Let plug in the formula:

Loan needed=$25,495-$2,500-$1,500

Loan needed=$21,495

In conclusion, The Loan needed by Molly is $21,495.

What Is the Manufacturer's Suggested Retail Price (MSRP)?

The price a product's manufacturer advises it to be sold for at the point of sale is called the manufacturer suggested retail price (MSRP). Some retailers also use the term "list price" to refer to the MSRP. An MSRP can be assigned to any retail item, even though they are most usually associated with cars. There is also an MSRP for other expensive items like electronics and appliances.

Learn more about Molly's loan:

https://brainly.com/question/27367148?referrer=searchResults

#SPJ4

Other Questions
According to the text, what two factors are hypothesized to influence whether a culture is high in tightness? Find the surface area of the composite figure. Round your answer to the nearest tenth if necessary. In the European theory of absolute monarchy, who checks the power of the king or queen? The parliament or legislative body The highest court of the nation The mass of his or her subjects God Select the correct answer.The variable b varies directly as the square root of c. If b= 100 when c=4, which equation can be used to find other combinations of b and c?A b= 25cB.b = 50eOC. b = 200cOD. be 50-ResetNext Aluminum and copper wires of equal length are found to have the same resistance. What is the ratio of their radii What organs work together in the human body or which organs are grouped together?. Explain the check and balance of power between the legislative and executive branch when it comes to the power to make laws. What are the center and radius of the circle given by x^2 + y^2 - 16x + 8y + 4 = 0? There are 15 unmatched socks in your drawer. 9 are black, 5 are white, and 1 is brown. What is the probability that if you already randomly choose one of the black socks, that you will choose another black sock? 5.5(x+6 1/2)-(x+9 1/3) - (19-x) The most abundant component of plasma is? 1. Following a bicycle accident, you are disturbed to fi nd that you cannot see anything in your left visual fi eld. Where has the retinofugal pathway been damaged which of the following is a reserved power The width of a window on a house is 48 inches. The house is shown in a scale drawing. The width of the window in the drawing is 20% of its actual width What is the windows width in the drawing?please help! Instructions: Find the volume of each figure. Round your answers to the nearest tenth, if necessary. The perimeter of a parallelogram is 180 cm. One side exceeds the other by 10 cm.What are the lengths of adjacent sides of the parallelogram? Read the following quote from a group discussing a good charity to donate money from arecent fundraiser: "I saw a newspaper article about another fundraiser. They did a bake sale and raised over three hundred dollars." What is wrong with this idea?A. It lacks support.B. It is off topic.C. Nothing.D. It is not a reliable source. Capitalist theory teaches that with respect to the economy it is best that the government regulate heavily to keep competition fair intervene as little as possible and leave it alone provide significant taxfunded subsidies to businesses impose reasonable minimum and maximum prices A freezer is shaped like a rectangular prism. It has a length of 8 feet and a height of 3 feet. The volume is 54 cubic feet. Find the width of the freezer. Which reason is appropriate to take a child that underwent a submersion injury immediately to the hospital