Based on the cost of the car and the interest rate, the amount Tracy is to pay is $638.41.
<h3>How much should Tracy pay?</h3>
The cost of the car is the present value of an annuity because Tracy's payment will be constant.
First find the monthly rate:
= 11% / 12 months
= 0.92%
The number of periods:
= 3 x 12 months
= 36 months
Amount to be paid is:
19,500 = Amount x (1 - ( 1 + 0.92%) ⁻³⁶) / 0.92%
Amount = 19,500 / 30.544874328
= $638.41
Find out more on the present value of an annuity at brainly.com/question/25792915.
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Answer:
A) Adaptability
Explanation:
The company could not adapt to the current trends in the market. organizational adaptability is concerned with how firms could quickly adjust their business processes to changes that enhances their growth and make give them the ability to compete with rivals.
Many advantages are embedded in adjusting to the trend in the market, one of which is:
1. They value their employees
2. They have a well defined goals
3. They become more creative
Answer:
Correct option is d)
Explanation:
Assuming all other things same as that of last year, with purchase of new asset, depreciation expense will increase, with that net income from operations will decrease, in cash flow statement when such depreciation will be added back then the net income from operations will decrease accordingly, therefore, there will be no impact of increase in depreciation on cash flow from operations.
Further such purchase of new asset will increase the balance of fixed assets in balance sheet and therefore, will only impact on balance sheet.
Thus correct option is d)
