answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bess [88]
2 years ago
13

Bodine Electric, based in Des Moines, Iowa, USA, makes gear motors with a three-stage, selectivelyhardened gearing cluster that

is permanently lubricated. If the company borrows $20 million for a new distribution facility in Europe, how much must it pay back each year to repay the loan in six equal annual payments at an interest rate of 10% per year?
Business
1 answer:
alisha [4.7K]2 years ago
8 0

The amount that is to be paid per year by the company is $3,66,666.66 to repay the loan.

<u>Explanation:</u>

Loan that is taken by a business organisation or by a company from some other party or from a bank may be to meet the requirements to keep the company or the organisation in the running and keep the working going on.

The loan that is to be paid by the Bodine electric is to be paid in six installments, so each year some amount is to be paid by the company to repay it's loan in equal amounts. Since there is interest also to be applied on the principal amount, then that is also to be added to the principal amount while paying each year.

You might be interested in
What can organizations do to institutionalize organizational learning? What practices and policies would aid in knowledge acquis
elena-s [515]

Answer:

There are many things that a company can do to institutionalise learning and knowledge. Some of them doesn't even cost much and take a lot of time to be implemented.

Empowerment of individual employees. Giving them more autonomy in the job and the capacity to work freely with the peers.

Making teams rather than working individually. Team spirit is essential in the learning process and to promote sharing.

Conducting internal development and training programs on a regular basis.

Using social media platforms to connect the employees so that they are able to share their knowledge, expertise on a real-time basis.

Reducing the power gap between the employees and their superiors.

Explanation:

8 0
2 years ago
A seller netted $55,000 at closing. if the seller paid costs of $1000 and an 8.5% commission, what was the sale price to the nea
Ulleksa [173]

Answer: The sale price to the nearest dollar was $61,202

We arrive at the answer as follows:

The term 'netted' refers to the seller's profits after deducting costs and commissions.

Hence we need to add back these amounts to arrive at the sale price.

                      Net Proceeds                                       $55,000

<u>Add:              Costs                                                          $1,000   </u>

                     Total                                                         $56,000  

The commission is 8.5%; however commissions are quoted as a percentage of sales price.

Expressed in other words, if the sale price was 100, commissions were 8.5. That would mean that the total above would be the equivalent of 100 - 8.5 = 91.5

From this we can arrive at the sale price as follows:

Sales Price = \frac{56000 * 100}{91.5}

Sales Price = 61,202

6 0
2 years ago
Oakley, a freshman just starting college, hasn't decided on his major. He is looking into operations management and is also expl
andreev551 [17]

Answer:

Acquire skills and knowledge that are valuable to firms in both manufacturing and service sectors

Explanation:

Manufacturing and service operations answer different questions and formulate different strategies when it comes to planning and managing the way in which an organization is run.

5 0
2 years ago
Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August Sales on account $2700000 $
Alex Ar [27]

Answer:

$2475000

Explanation:

The computation of the cost of goods sold for the June month is shown below:

As it is given that total sales of June is $2,970,000

And, the marked up is cost plus 20%

So based on the above information, the cost of goods sold is

= $2,970,000 × 100 ÷ 120

= $2,475,000

Therefore, all the other information which is given is not relevant. Hence, ignored it

8 0
2 years ago
An entrepreneur has purchased a gym franchise and been very disappointed in the results. The franchise has not earned what the e
katovenus [111]

She would sell the gym and open a yoga franchise

5 0
2 years ago
Other questions:
  • One study of 195 critical incidents in banking and medical settings showed that a major difference between effective and ineffec
    14·1 answer
  • On july 1, tau, inc., purchased a machine for $12,000 and issued in payment a one-year note payable for $13,200. on august 31, t
    7·1 answer
  • Scenario 17-5. assume that a local restaurant sells two items, salads and steaks. the restaurant's only two customers on a parti
    8·1 answer
  • The county supervisor is considering building a community pool and has gathered data on how much residents are willing to pay. H
    7·1 answer
  • Allison's is expected to have annual free cash flow of $62,000, $65,400, and $68,900 for the next three years, respectively. Aft
    12·1 answer
  • Marketability is the ability of an investor A)to sell a security quickly, at a low transaction cost, and at a price close to its
    6·1 answer
  • You write one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration da
    5·2 answers
  • A lockbox plan is most beneficial to firms that a. receive payments in the form of currency, such as fast food restaurants, rath
    7·1 answer
  • Good corporate citizens A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering so
    9·1 answer
  • Frank Dewey Esquire from the firm of Dewey, Cheatum, and Howe, has been offered an upfront retainer of $30,000 to provide legal
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!