Answer:
Explanation:
The cost of the car = $40,000
Down payment = $5,000
Therefore loan amount on the car = Cost of the car - Down payment
= $40,000 - $5,000
= $35,000
But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount
Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100
Now we can use PV of an Annuity formula to calculate the monthly payment of car loan
PV = PMT * [1-(1+i) ^-n)]/i
Where PV = $37,100
PMT = Monthly payment =?
n = N = number of payments = 60 months
i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month
Therefore,
$37,100 = PMT* [1- (1+0.005)^-60]/0.005
PMT = $37,100/51.72
= $717.38
Therefore correct answer is option A. $717.38
Answer:
D) 5182 glass vases
Explanation:
<em>Contribution per glass vases:</em>
$4.5 selling price - $ 1.75 variable cost= 2.75
<em>Operating income:</em>
29,000 units x $ 2.75 - $ 8,500 = $71,250 operating income
<em>Target income is to obtain a 20% increase:</em>
71,250 x (1 + 20%) = 85,500 target income:
<em>units needed for target income:</em>
(85,500 target income + 8,500 fixed cost) / 2.75 contribution per unit= 34.181,81
aditional glass vases needed for target income:
34,182 - 29,000 = 5,182
Answer: E. Hillary, because this is a shipment contract
Explanation:
When Parties enter into a Shipment Contract, it means that the Buyer assumes the risk for the goods being delivered even before it is delivered.
To clarify, in a Shipment Contract, The Seller only has responsibility up until the point that they deliver the goods to a Carrier or the point of Shipment. Under this contract this is also known as the Point of Delivery.
Once they have delivered it to the point of Shipment, anything that happens thereafter is on the buyer.
This is a Shipment Contract in the above scenario and the dresses were damaged during shipment which absolves the seller as they had already delivered and shipped the dresses so the risk of loss is on Hillary.
Answer:
withdraw = 28532.45
so correct option is a. $28,532
Explanation:
given data
earned = $275,000 bonus
interest rate = 8.25% per year
time = 20 year
to find out
How much could you withdraw at the end of each of the next 20 years
solution
first we find here Cumulative discount factor that is express as
Cumulative discount factor = 
.............1
put here value r is rate and t is time
Cumulative discount factor = 
Cumulative discount factor = 9.638148
so here
withdraw = Present amount ÷ cumulative discount factor .......2
put here value we get
withdraw = 
withdraw = 28532.45
so correct option is a. $28,532
Answer:
Social performance management
Explanation:
Social performance management is said to be a system that organizations or firms use to get their social goals achieved. This goals are measured by how much the employee is able to do for clients/customers.
The client/customer in this case is put to use in strategies and operations in helping the employee achieve his//her goal.
The stronger the social performance managment of an employee, the more he/she is able to reach his/her goals.
Cheers.
