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No, the amount financed is not equal to the cash price plus the down payment. Instead, the amount financed refers to the total amount of the loan after subtracting the down payment from the cash price. It represents the money borrowed to purchase the item, which may also include additional costs such as taxes, fees, and interest, depending on the financing agreement.
What else can I help you with?
What shows how installment loans are calculated?
amount financed= cash price- down payment
What equation shows how installments loan are calculated?
amount financed = cash price - down payment
What is a discount?
A blind discount is defined as the difference in cost between the listed cash price for equipment and the reduced financed amount. It can also be the difference between the list price of a ca and a lower interest rate.
Are cash discounts subtracted from sales?
According to how I read the section in the related link, the cash discount can be deducted from the amount of the sale, and the discounted sale price is recorded.
How are inequalities use in every day life?
You drive at less than or equal to the speed limit (don't you?) You spend less that or equal to the amount of cash that you have.
What shows how installment loans are calculated?
amount financed= cash price- down payment
What equation shows how installments loan are calculated?
amount financed = cash price - down payment
What is a discount?
A blind discount is defined as the difference in cost between the listed cash price for equipment and the reduced financed amount. It can also be the difference between the list price of a ca and a lower interest rate.
What is a blind discount?
A blind discount is defined as the difference in cost between the listed cash price for equipment and the reduced financed amount. It can also be the difference between the list price of a ca and a lower interest rate.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
How do you prove cash accounting?
to prove cash you look at the amount of money you have and accounting books. if the value is equal then you have proved cash
How do you prove cash in accounting?
to prove cash you look at the amount of money you have and accounting books. if the value is equal then you have proved cash
What are the advantages of a Imprest system for petty cash?
An Imprest system of petty cash is used for more control over cash in hand. In an Imprest system, the amount in hand plus the amount of all receipts should be equal to petty cash balance. If at any time cash in hand and receipts do not equal the fixed amount of petty cash, then investigation should be done about the discrepancy.
How are installment loans are calculated?
amount finaced=cash price - down payment
What does nett price mean?
if you mean "Net Price", it's the amount after deducting trade discount and cash discount.
How does a boy buy tights in a store with cash?
He selects a pair, and then gets the price from the cashier, then pays with the appropriate amount of cash.
How does one receive a cash back mortgage?
A cashback mortgage is a type of home loan product where an additional amount beyond the price of the home is financed into the loan so that the homeowners walk away with cash in hand which they can spend on other expenses related to buying a home, such as new furniture. Like any loan product, a cashback mortgage is one that prospective homeowners apply for at a bank or with a mortgage broker.
