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Simora [160]
3 years ago
8

A company borrows 100,000 today at 12% nominal annual interest. the monthly payment of a 5 year loan is most nearly:

Business
1 answer:
alex41 [277]3 years ago
5 0
Formula for the monthly payment:
M = P * r * ( 1 + r )^n / (( 1 + r )^n + 1 )
where:  P = $100,000    r = 0.12 : 12 = 0.01      n =12 * 5 = 60
M = 100,000 * 0.01 * ( 1 + 0.01 )^60 / (( 1 + 0.01 )^60 + 1 ) =
= 1,000 * ( 1.01 )^60 / (( 1.01 )^60 + 1 ) =
= 1,000 * 1.8167 / 0.8167 = 1,000 * 2.22444  =
= $2,224.44
The monthly payment is $2,224.44.
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Athleisure, Inc. sells athletic gear by sending customers a catalog nine times a year. The company has no retail stores or websi
Ymorist [56]

Answer:

Telemarketing

Explanation:

Telemarketing involves the use of telecommunications devices like telephone, internet, and fax to market commodities to potential buyers. Telemarketers are the ones that usually do the marketing of the goods and services, but it now more of automated telephone calls or robocalls.

The advantages of telemarketing is that it saves time and cost, and it is also convenient. However, it has a major demerit which is the fact that allow of scams and fraud are now being committed through it.

I wish you the best.

5 0
3 years ago
_____ is the amount of information a communication medium can carry and the extent to which the medium enables the sender and re
asambeis [7]

Answer:

Information richness.

Explanation:

<u>Information richness</u> is the amount of information a communication medium can carry and the extent to which the medium enables the sender and receiver to reach a common understanding. This is the correct answer to your question.

Hope this helps!!!

Kyle.

8 0
3 years ago
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
Galina-37 [17]

Answer and Explanation:

The Preparation of statement of stockholders’ equity is shown below:-

                  <u> Statement of Stockholder's Equity</u>

<u>                          Power Drive Corporation</u>

<u>                For the year ended December 31, 2018</u>

<u>Particulars      Common   Additional    Retained   Treasury   Total</u>

<u>                           stock        paid in          Earning       Stock    Stockholder</u>

<u>                                            capital                                                equity</u>

Jan 1 Balance  100,000  $4,800,000 $2,300,000   0       $7,200,000

Issued common

stock                58,000    $3,132,000      0                 0       $3,190,000

                (58,000 × $1) (58,000 × $54)

Purchase treasury

stock                                                                    -$307,400 -$307,400

                                                                               (5,300 × $58)

Dividends                                              -$251,955                -$251,955

                                        ((100,000 + 58,000 - 5,300) × $1.65)

Sale of Treasury

stock                                  $13,250                       $153,700   $166,950

                                     (2,650 × $5)                   (2,650 × $58)

Net Income                                              $630,000                $630,000

Balance,

December

31            158,000    $7,945,250   $2,678,045  -$153,700 $10,627,595

Total Stockholder's equity  is

= Common stock + Additional paid in capital + Retained earnings - Treasury stock

= 158,000  + $7,945,250  + $2,678,045  - $153,700

= $10,627,595

8 0
3 years ago
The amount of amount of deadweight loss as a result of the tax is:______
klio [65]

Answer:

D. $5,000

Explanation:

This deadweight in a lot of cases are seen to occur especially when demand and supply are not in equilibrium and in and in the above scenario, it is pegged at $5000. Therefore sometimes consumers experience shortages, and producers earn but they'd otherwise.

Taxes are also seen in the creation of deadweight loss because they prevent people from engaging in purchases they'd otherwise make because the ultimate price of the merchandise is above the equilibrium value. If taxes on an item rise, the burden is commonly split between the producer and therefore the consumer, resulting in the producer receiving less cash in on the item and therefore the customer paying the next price.

3 0
2 years ago
A. Define progressive income tax. Briefly create a few numbers to explain it.
Arisa [49]
How do i sent it to you
4 0
3 years ago
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