Nick Andrewson uses gas to heat his home. He has accumulated the following information regarding his monthly gas bill and monthly heating degree-days. The heating degree-days value for a month is found by first subtracting the average temperature for each day from 65 degrees and then summing these daily amounts together for the month. Month Heating Degree-Days Gas Bill February 850 $129 April 300 $ 52

Q: Miguel purchased a hot tub costing $5,070 by taking out an installment loan. He made a down payment…

A: Given: Hot tub cost = $5,070 Down payment = $1,300 Finance = 24 months Payments each month = $179.77

Q: Liam had an extension built onto his home. He financed it for 48 months with a loan at 4.9% APR. His…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: calculate the APR on the loan. round to two decimal places

A: Purchase price2300Down payment600Loan amount1700No.of payments48Payment Amount42.5Monthly…

Q: Ali is a member of a family that consists of him, his father, his mother and his older brother. Each…

A: Mixed costs are a combination of your fixed and variable costs. Although the fixed portion of a…

Q: Fritz Benjamin buys a car costing ​ $16700. He agrees to make payments at the end of each monthly…

A: A loan or mortgage is a sum borrowed to finance personal or business needs. The borrower repays the…

Q: Over how many weeks should the holiday pay and vacation pay be expensed?

A: Vacation Pay:   A vacation pay is a fringe benefit that are given to the employees of a company. It…

Q: Mr. Smith's annual salary is $230,000.  He has been on his job for the past four years.  His current…

A: Gross Income can be computed by the total amount that is earned before taxes and other deductions…

Q: Mary Purchase's monthly statement has a previous balance of $384.26. The statement indicates that…

A: Calculation of above requirement re as follows

Q: Complete the following for the week: a.   fill in the blank 1 regular hours × $11.50 per hour $fill…

A: Since you have asked a question with multiple sub parts, we will solve the first three sub parts for…

Q: ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at…

A: Loans are paid by the equal annual payments and these annual payments carry the payment for interest…

Q: 5. The province of Ontario set the most recent annual percent rent increase at _%. (see our note for…

A: Revised Rent = Monthly Rent x ( 1 + r )   where, r = annual percent rent increase  Guideline for…

Q: e payments are $382.74/month. If Henry pay 5% of his income to taxes and insurance, can e afford…

A: Solution Working note Calculation of total income Income per hour              =13.67 Hours worked…

Q: the amount financed the finance charge The deferred payment price.

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: 12. John moved out of his parents' home and into a one-bedroom apartment four months ago. He…

A: Expenses: Expenses are the charges incurred by an individual or entity for carrying out the day to…

Q: Joaquin deposits $400 at the end of each month into his bank account. The bank account pays 13.2%…

A: The difference between the future value and present value of money refers to the concept of the time…

Q: Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment…

A: Loans are paid back in fixed periodic payments.   The amount of the periodic payments depends on the…

Q: Sonia borrowed $7829.00 compounded monthly to help finance her education. She contracted to repay…

A: It can be calculated using=NPER(rate,pmt,pv,[fv],[type])Rate The interest rate for the loan.Nper…

Q: To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments…

A: Data given: Part I Monthly payment = $106 (at the end of each month) n=3 years Interest=4.61%…

Q: seller sold a duplex for 60,000 with closing schedules for june 24 this year. both units were rented…

A: Revenue Recognition means the recording of revenues of an entity in its books. It is an accrual…

Q: On August 19, Siobhan O’Sullivan started an ordinary annuity. She arranged to have $150 deducted…

A: Annuity refers to the fixed periodic payments which are paid monthly, quarterly, semi-annually or…

Q: Sophia pays her rent quarterly in arrears and her year end is 31st December.  During the year she…

A: The rent expense for the period is based on the monthly rent incurred for the period whether paid or…

Q: Sarah Jones earns $555 per week selling life insurance for Farmer's Insurance plus 6% of sales over…

A: Solution: Sarah earnings = weekly salary*4 + 4% of excess sales = 555*4 + (24000-5750)*4% = 2220 +…

Q: Sarah borrows some money to buy a new car. The car dealership allows her to defer payments for 12…

A: Monthly payment refers to an amount that is paid every month including interest and principal amount…

Q: 1. Hannah makes $8.75 per hour. She works 30 hours per week. Find: a. Her weekly pay b. Her monthly…

A: Weekly pay is the amount paid per week. The weekly pay is multiplied by 52 weeks to get the yearly…

Q: Marcella päid for a kitchen set over time, signing an installment contract that required monthly…

A: To calculate the value on the date of purchase, it is required to calculate the present value of all…

Q: Jill Walsh purchases a bedroom set for a cash price of $3,920. The down payment is $392, and the…

A: The goods financing system refers to a system in which the buyer can use the goods without paying…

Q: Sonny has paid the following gas bills in the year ended 31 December 2021: £3,000 for the 3 months…

A: The P&L statement shows a company's ability to generate sales, manage expenses, and create…

Q: % of the second set of expenses. Complete the sentence: On an annual basis the first set of expenses…

A:

Q: Peter Works in a Month for 22 Days. Wage rate per hour is $ 15 Every day Peter works for 8 Hours.

A: Introduction: Salary: Salary is the revenue to the employees. Worked by spending the time for that…

Q: Computing Net Pay Mary Sue Guild works for a company that pays its employees 12 times the regular…

A: As the gross wages for the week is $735 which is lying between the income tax bracket of ($0-$9,950)…

Q: Tim Houston purchased a wall unit for $2,400. He made a $800 down payment and financed the balance…

A: Step 1 APR The annual percentage rate is the rate that investors receive on deposits and that…

Q: Elaine borrows $1,000.00 from a credit card company at 19% annually for two years. Determine…

A: Loan amount (PV) = $ 1000 Interest rate = 19% Monthly interest rate (r) = 19%/12 = 1.58333333333333%…

Q: Theresa borrowed $7258.00 compounded monthly to help finance her education. She contracted to repay…

A: Given:

Q: Name Week Ending Tom Hallinan March 30, 20- Hours Worked Day In Out In Out Regular Overtime M 7:55…

A: Total gross wages:The amount that an employee earns before any taxes and deductions is known as…

Q: Q- if Russell's annual earnings are $47500, what is his semi-monthly pay, rounded to the nearest…

A: Cash Flows: Cash flows are the cash generated from the operation of the business organization. In…

Q: Use Al Homer Simpson receives an annual salary of $110-760.00, is paid biweekly, and works 40…

A: Normal wages are paid when the worker work for normal hours during the period. If the worker works…

Q: An uncle has deposited $10,000 into an account that is paid quarterly at an annual rate of 2%. The…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: Sebastian sells cars for a living. Each month, he earns $1,400.00$1,400.00 of base pay, plus…

A: Formula: Total Income = Base pay + commission from sales. Sales commission: Its a incentive to be…

Q: Gert needs to borrow $415,000 to purchase a home. He is able to obtain a thirty year mortage with a…

A: Data given: Loan amount = $415,000 N=30 year Rate=3% Monthly payment =?   Working Note #1 PV=$415000…

Q: ohn

A: Daily pay = $1,000 / 5 = $200Annual holiday pay = $200×10 = $2,000Weeks over which holiday pay is…