Answer: $403.20
Explanation:We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.
I used
http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle
Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:
- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY)
- Pay Back: Every year
Then, I clicked the
calculate button and view amortization table. The annual amortization schedule is attached in this answer.
To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).
As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is
$403.20.
Answer:
A. total revenues cover total variable cost
Explanation:
In the case of the shory run, if the price is more or equivalent to the avergae variable cost so the firm would continue to operate
That means
P = AR >= AVC
where,
P = Price
AR = Average revenue
AVC = average variable cost
Therefore as per the given situation, the option A is correct
hence, the same is to be considered
Answer:bruuuuuuuuuuuuuuuuuuuuh
Explanation:
Answer:
Inventory Turnover
Explanation:
This is an example of inventory turn over ratio.
By definition an inventory turnover ratio measures the number of times the the company has sold and replaced the inventory.
It is calculated by the following formula,
Inventory Turnover = Cost of goods sold / Average inventory.
All the other options are irrelevant in context with the definition provided.
Hope that helps.