Business, 17.10.2021 07:30 rachel8926

Drag each tile to the correct box. Not all tiles will be used. The table represents the balance of Fernando’s loan, y, over a period several months, x. He used technology to create the scatter plot shown and determine the best fit equation to model the data: y = -440.91x + 22,060.70. Determine how long it will take to reach the given balances.

x y

0 $22,000

2 $21,148

4 $20,291

6 $19,429

8 $18,561

10 $17,688

12 $16,809

14 $15,924

16 $15,034

18 $14,139

20 $13,237

22 $12,330

24 $11,417

month 16

month 50

month 20

month 48
^ DRAG ONE OF THESE TO THESE>>>>>>>&g t;>>

The balance of the loan will be approximately $15,000.

The balance of the loan will reach $0

5 STARS ONCE I CHECK AFTER THE QUIZ

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:30

Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.

Answers: 1

Answer

Business, 21.06.2019 22:20

Why should you not sign the tenant landlord agreement quickly and immediately

Answers: 1

Answer

Business, 22.06.2019 07:30

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Answers: 2

Answer

Business, 22.06.2019 08:40

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Answers: 2

Answer

You know the right answer?

Drag each tile to the correct box. Not all tiles will be used. The table represents the balance of...

Questions