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hammer [34]
2 years ago
10

After graduating this May, Dale is planning on buying a new Ferrari for $250,000. He decides to finance his new car with a 5 yea

r loan from Citibank with a 12% interest rate. His annual payment is $48,986. What will Dale's principal payment be at the end of the first year? Group of answer choices a) $5879 b) $10000 c) $18986 d) $50000.
Business
1 answer:
jek_recluse [69]2 years ago
3 0

Answer:

c) $18,986

Explanation:

The computation of the payment of principal is shown below:

= Annual payment - (Balance of Principal × interest rate)

= $48,986 - ($250,000 × 12%)

= $48,986 - $30,000

= $18,986

We do not consider the time period. Hence, we ignored it as it is not relevant for the computation part.

We simply multiply the principal balance with the interest rate and then deduct it from the annual payment.

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Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per
Lemur [1.5K]

Answer:

The correct option: $14 because both the fee from the customer and the producer are earned

Explanation:

Based on the information given we were told that Tickets Now charges each of their customer a fee amount of $4 per ticket in which they receives the amount of $10 per ticket from the producer which means that the amount of revenue Tickets should Now recognize for each Riverdance ticket they sold will be $14 ($10 per ticket +$4 per ticket) because both the fee from the customer and the producer are earned.

7 0
2 years ago
An international firm considering foreign expansion should take into account that: a) the timing and scale of entry of foreign e
Alchen [17]

Answer: c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology.

Explanation:

When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.

This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.

7 0
2 years ago
Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*
Kaylis [27]

Answer:

Explanation:

a)  

Year             percentage increase

2011               21.21162

2012       14.35054

2013       20.62696

b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to;   Decline

c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X  

d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.

3 0
2 years ago
A robot manufacturing company in Southeast Asia undertakes a government project to produce multi-utility robots. It requires a s
eimsori [14]

Answer: a. Computer-aided manufacturing

Explanation: A computer-aided manufacturing would help the robot manufacturing company in this regard since it can provide the required software to control the machine tools and processes needed in the manufacture of the multi-utility robots.

Computer-aided manufacturing (CAM) is defined as the use of software and computer-controlled machinery to automate a manufacturing process and is composed entirely of software that tells a machine how to make a product through the generation of toolpaths; a machinery that can turn raw material into a finished product and a post processing unit that converts toolpaths into machine languages. Computer-aided manufacturing thus provides high–speed machine tool paths that greatly minimize cycle times, reduce tool and machine wear and general improvement in quality and accuracy of cutting.

7 0
2 years ago
Read 2 more answers
The Bookworm is a bookstore and café located on a busy downtown main street in Denver. The owner, Waata Reader, prides himself o
VARVARA [1.3K]

Answer:

The correct answer is "market risks are uninsurable and in fact, his business policy does not cover those."

Explanation:

When talking about an uninsurable risk, we must bear in mind precisely that the insurance covers defined, individualized and limited risks, but not all risks are insurable.

The insurance company cannot assume abstract risks, which are not contemplated in the policy. To know what coverage to look for and what risk can be insurable, a series of characteristics have been stipulated: the risk must be uncertain and random, possible, future, concrete, fortuitous, lawful and of economic content.

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2 years ago
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