Answer:
<em>1) Monthly payments:</em>
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<em>2) Balance in ten years:</em>
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Explanation:
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<u><em>1. What are the monthly payments?</em></u>
The formula to compute the monthly payment of a loan is:
Where:
- Payment is the monthly payment
- r is the monthly interes rate: 8% / 12 = 0.08/12
- n is the number of months: 12 × 30 = 360
- Loan = $190,000
Substitute and compute:
<u><em>2. What would the loan balance be in ten years?</em></u>
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There is a formula to calculate the balance in any number of years:
![Balance=Loan(1+r)^n-Payment\times \bigg[\dfrac{(1+r)^n-1}{r}\bigg]](https://tex.z-dn.net/?f=Balance%3DLoan%281%2Br%29%5En-Payment%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%5Cbigg%5D)
Substitute with n = 10 × 12 and compute:
![Balance=\$190,000(1+(0.08/12))^{(10\times 12)}-\$1,394.15\times \bigg[\dfrac{(1+(0.08/12))^{(10\times 12)}-1}{(0.08/12)}\bigg]](https://tex.z-dn.net/?f=Balance%3D%5C%24190%2C000%281%2B%280.08%2F12%29%29%5E%7B%2810%5Ctimes%2012%29%7D-%5C%241%2C394.15%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B%281%2B%280.08%2F12%29%29%5E%7B%2810%5Ctimes%2012%29%7D-1%7D%7B%280.08%2F12%29%7D%5Cbigg%5D)
Answer:
Place
Explanation:
When banks try to make their positioning strategies tangible through the <u>Place</u> dimension, they make sure the exterior and interior have clean lines, the layout of the desks and the traffic flow are planned carefully, and waiting lines are not overly long.
Positioning strategies: It is a strategy that choose one or two key area to focus on for brand and product growth in the market. Before implementing these strategies, it is important to understand the strength and weakness of the company, target customer need and competitor´s position in the market, it help in effective planning and achieve objective of the company.
There are several dimension to positioning strategies, depending on what kind of analysis firm want to conduct.
Here in the given case, Bank have used place dimension of positioning strategies, so that it can gain more customer attraction and keep service flow organized in the bank.
Answer and Explanation:
The company handles the credit accounts including methods of invoicing and collecting past-due accounts, is indicated by the collection policy as it includes the net days given to the customers
Now if the customer pays the cash within eight days after the sale, the amount of cash paid is
= $100,000 × 0.99
= $99,000
And, if payment is made after 15 days so no discount would be given as it is exceeded the prescribed time limit i.e 10 days. So in this case the $100,000 cash is paid
Now the days sales outstanding is
= 0.30 × 10 + 0.70 × 35
= 3 +24.5
= 27.50 days
Answer:
a) The company turn its inventory at 1.5.
b) Per unit inventory cost for a product that costs $1000 is $166.67.
Explanation:
a) number of units sold = ($60000000/year)*(1 unit/$2000)
= 30000 units/year
COGS = 30000 units/year*$1000/unit
= $30000000/year
inventory = $20000000
flow time = inventory/flow rate
= $20000000/30000000 per year
= 0.67 years
inventory turns = 1/flow rate
= 1/(0.67)
= 1.5
Therefore, The company turn its inventory at 1.5.
b) %inventory cost per computer = 25%*0.6667 years
= 16.667%
16.667%*$1000 = $166.67 per unit
Therefore, Per unit inventory cost for a product that costs $1000 is $166.67.
Options:A) Present value of a single amount
B) Future value of a single amount
C) Simple interest
D) Present value of an annuity
E) Future value of an annuity
Answer:B) Future value of a single amount.
Explanation: Future value of a single amount is an accounting concept used to describe how much a single lump sum of money deposited in a bank account would have grown up to after a given period of time. Future value of a single amount can be obtained by
multiplying the principal(P)*the interest rate(I) * time(t) The interest rate is expressed as a decimal.
The FV = P(1 + rt).
Future value of a single amount is usually used in calculating the total accrued amount of fixed deposits accounts,it is a single period investment.
