Answer:
$33467.03
Explanation:
Given: we are given that $33000 is the cost of the car that’s on sale if the person wants a cash option.
Leasing option of $495 per month for the next two years with an immediate payment of $95 as a balloon payment for the vehicle.
The person will sell the vehicle for $21000 after 2 years from now.
We need to calculate the breakeven price to sell the vehicle after two years if the person sold the car on either option.
Therefore we will use the future value annuity formula to calculate how much would yield on the lease payments of $495 after two years first.
![Fv = P [((1+r) ^n)-1)/r]](https://tex.z-dn.net/?f=Fv%20%3D%20P%20%5B%28%281%2Br%29%20%5En%29-1%29%2Fr%5D)
Where Fv is the future value that will yield from the payments.
P is the periodic payment which is $495 per month.
r is the interest per period so in this case it is 5%/12 as the 5% is on an annual basis and the individual will make monthly payments.
n is the number of payments made and in this case it is 24 payments because $495 is paid monthly for 2 years.
Now we insert the values on the formula above
Fv = $495 [((1+ (5%/12) ^24)-1)/ (5%/12)] then compute on a calculator and get the answer
Fv = $12467.03 + $95 we add $95 to the solution because the customer must pay it as a deposit if they choose the lease option.
The value the customer must sell the car for to break even for both options in two years’ time is the sum of $21000 which the customer sells the car for in two years’ time plus the above future value for the lease repayments, so $21000+ $12467.03 =$33467.03 .
Answer:
customer group
Explanation:
Customer departmentalization is where the organization’s activities are ready to respond to and interact with specific customers or customer groups.
This organizational form is used when great emphasis is placed on effectively serving different customer types.
If Southeastern Bank organizes its loan operation based on customers group, this will allow Southeastern Bank to better serve borrowers with different needs by offering customized loan arrangements according to the customers preferences.
<u>Advantages of customer departmentalization
</u>
- Encourages concentration on customer needs.
- Gives customers feeling that they have an understanding supplier (banker).
- Develops expertness in the customer area.
Answer:
$18,250
Explanation:
In this question, we are asked to calculate the net operating income for a division of a firm.
We proceed as follows;
Turnover=Sales/Average operating assets
Average operating assets=(730,000/2)=$365000
Return on investment=net operating income/Average operating assets
Hence Average operating assets=($365000*5%)
which is equal to
=$18250.
Why so that saying did correct answe right I don’t know the answer I am just answering to see something about my points because they are negative and I am trying something
Answer:
c. rent-seeking behavior
Explanation:
In economics, rent-seeking behavior can be described as a behavior or conduct that tries to increase the share of an economic agent or an entity from the existing wealth without adding or creating new wealth. This implies that the entity aims to obtain added wealth without creating a new one.
From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.
Therefore, this is an example of rent-seeking behavior.
