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1 year ago

An easy-to-use decision support system that specifically supports strategic decision making is a(n) ________ system

1 answer:

4 0

An easy-to-use decision support system that specifically supports strategic decision making is called executive support system.

A decision support system is one software that helps to make effective decisions with providing various alternatives of the solution to the problems addressed.

Strategic decision making is a process that provide an overall decision over the edge gaining an extra advantage for the firm analysing the decisions taken and the impact over the organisation. Wrong decisions taken at the wrong time may result in specifically driven decisions.

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Huai takes out a $3,600 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he tran

Alja [10]

Answer:

a. The monthly payment on loan 1 is $76.03.

b. The monthly payment on loan 2 is $411.69.

Explanation:

a. Calculate the monthly payment on loan 1.

To determine the amount of periodic payments, the present value of annuity formula should be used:

$PV=P(\frac{1-(1+r)^{-n} }{r} )$

Where:

PV= present value

p=periodic payment

i=rate of interest

n=number of periods

We get the data for this exercise:

PV= 3,600 (loan).

p= unknown (we must find this value)

i= 6.6% or 0.066. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.066 / 12).

n= 4 years and 7 months, that is 55 months.

And we replace in the formula:

$3600=P(\frac{1-(1+\frac{0.066}{12})^{-55} }{\frac{0.066}{12} } )$

$3600=P(\frac{1-(1+0.055)^{-55} }{0.0055} )$

$3600=P(\frac{1-(0.7395812268)}{0.0055} )$

$3600=P(\frac{0.2604187732}{0.0055} )$

$3600=P(47.348867)$

Therefore:

$P=\frac{3600}{47.348867}$

$P=76.03$

The monthly payment on loan 1 is $76.03.

b. Calculate the monthly payment on loan 2.

We get the data for this exercise:

PV= 11,600 (loan 2).

p= unknown (we must find this value)

i= 7.3% or 0.073. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.073 / 12).

n= 2 years and 7 months, that is 31 months.

And we replace in the formula:

$11600=P(\frac{1-(1+\frac{0.073}{12})^{-31} }{\frac{0.073}{12} } )$

$11600=P(\frac{1-(1+0.006083)^{-31} }{0.006083} )$

$11600=P(\frac{1-(0.8286047296)}{0.006083} )$

$11600=P(\frac{0.1713952704}{0.006083} )$

$11600=P(28.1761088936)$

Therefore:

$P=\frac{11600}{28.1761088936}$

$P=411.69$

The monthly payment on loan 2 is $411.69.

8 0

3 years ago

A corporate bond currently yields 8.5%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5.5%. At wha

max2010maxim [7]

Answer: 35.29%

Explanation:

Municipal Bonds are attractive in that they give the tax benefit of being tax exempt whereas a corporate bond is liable for taxation. The tax rate that will therefore make an investor indifferent between the two bonds is the one that will equate the Corporate bond's yield net of tax to the yield on the Municipal bond.

5.5% = 8.5% * ( 1 - x)

5.5% = 8.5% - 0.085x

0.085x = 8.5% - 5.5%

0.085x = 3%

x = 35.29%

6 0

3 years ago

The accounting records for Eisner Manufacturing Company included the following cost information relating to its first year of op

Lorico [155]

Answer:

Option (d) : $24.8 and $15.7

Explanation:

As per the data given in the question,

Number of units produced = 10,000

Number of units sold = 6,000

Cost per unit = Amount/ 10,000

Absorption Variable

Direct material $5.2 $5.2

Direct Labor $8 $8

Variable manufacturing overhead $2.5 $2.5

Fixed manufacturing overhead $9.1 $9.1

Unit product cost $24.8 $15.7

4 0

3 years ago

Public provision..

LenaWriter [7]

I think it’s a and b are correct

3 0

3 years ago

Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product a

kotykmax [81]

Answer:

Contribution margin per unit= $33

Explanation:

Giving the following information:

The company regularly sells 20,000 units of its product for $60 per unit.

Direct materials $ 10 per unit

Direct labor $ 12 per unit

Overhead costs for the year Variable overhead $ 3 per unit

Fixed overhead per year $ 40,000

Selling and administrative costs:

Variable $ 2 per unit

Fixed $ 65,200

Normal production level= 20,000 units

Contribution margin= Selling price - unitary variable costs

Unitary variable cost= direct materials + direct labor + variable manufacturing overhead + variable selling and administrative

Unitary variable cost= 10 + 12 + 3 + 2= $27

Contribution margin per unit= 60 - 27= $33

3 0

3 years ago