Part a is correct but for part b i put 89.89 and it was incorrect...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Part a is correct but for part b i put 89.89 and it was incorrect
to use Excel if noeded. If you want, you may use the above spreadsheet for your computations. It does not have copy and paste feature, just type, and calculate. Question 1 Rotaken 6/12 points On May 1st, Alpha Company purchased a truck for $24,000 plus 8% sales taxes. Paid $2,000 in cash as down payment and signed a 5% note for remaining that requires 10 payments at the end of each month for ten months. a. Compute the amount of monthly payment (box 1) Example of Answer: 875.20 Two decimal points. No comma, space, or $ sign. 2447.16 b. Total amount of interest paid on purchase of this equipment (box 2) Example of Answer: 875.20 Two decimal points. No comma, space, or $ sign
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
