You are considering purchasing a new automobile with the upfront cost of $26,000 or leasing it from the dealer for a period of 48 months. The dealer offers you 2.80% APR financing for 48 months (with payments made at the end of the month)
Assuming you finance the entire $26,000 through the dealer, your monthly payments will be closest to ________.
A) $459
B) $688
C) $573
D) $802
Answer: C
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According to the Financial Reporting Council (FRC), when is the culture of an audit firm likely to provide a positive contribution to audit quality?
a. When the leadership of the audit firm ensures partners and other staff have sufficient time and resources to deal with difficult issues as they arise. b. When the leadership of the audit firm ensures robust systems for client acceptance and continuation based on the likelihood of increased audit fees. c. When the leadership of the audit firm creates an environment where achieving efficiency is valued, invested in and rewarded. d. When the leadership of the audit firm ensures financial considerations drive actions.
Research on Person–Environment (PE) fit has shown that when an individual’s personality is aligned with their environment it results in ______.
A. reduced job satisfaction B. increased organizational commitment C. poor performance on the job D. low self-esteem
A $1,000 par value bond pays interest of $35 each quarter and will mature in 10 years. If an investor's simple annual required rate of return is 12 percent, how much should the investor be willing to pay for this bond?
A. $941.36 B. $1,051.25 C. $1,115.57 D. $1,391.00 E. $1,113.00
Pangle Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??FormingCustomizing?Machine-hours16,00012,000?Direct labor-hours4,0009,000?Total fixed manufacturing overhead cost$91,200$99,000?Variable manufacturing overhead per machine-hour$2.10??Variable manufacturing overhead per direct labor-hour?$3.10During the current month the company started and finished Job M109. The following data
were recorded for this job:?Job M109:FormingCustomizing?Machine-hours5030?Direct labor-hours2050?Direct materials$915$355?Direct labor cost$620$1,550Required:Calculate the total job cost for Job M109. What will be an ideal response?