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UNO [17]
3 years ago
6

A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded month

ly. What was the purchase price of the car?
Business
1 answer:
agasfer [191]3 years ago
7 0

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P ×  1 − (1+r)−n

  r

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

  0.0081

Fv =350 x 1-0.61628715419

  0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

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A supply chain management (SCM) system is an IT system that supports supply chain management activities by: a. helping decision
Evgen [1.6K]

Answer:

The correct answer is letter "B": automating the tracking of inventory and information among business processes and across companies .

Explanation:

Supply Chain Management (SCM) comprises all the steps companies take from gathering raw materials until the delivery of a final good to consumers. In the process, several resources are used such as Information Technology (IT) systems which allow measuring numerically materials, components, labor hand and hours, and the necessary resources for the manufacturing company given a period.

Besides, <em>IT systems are useful to keep track of the flow of the units being produced when they hit the warehouse shelves and when they leave the company for sale. This information is useful for the plant and its suppliers.</em>

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3 years ago
Which of the following steps is NOT a basic step followed by PERT and​ CPM?
vodomira [7]

Answer:

D.

Explanation:

PERT and CPM are network planning techniques.

PERT means Program Evaluation and Review Technique.

CPM means Critical Path Method.

The six steps more common to PERT and CPM are:

-Define the project and identify each activity.

-Develop relationships among the activities.

-Draw the network connecting all of the activities.

-Adding time and/or cost estimates to each activity.

-Compute the longest time path through the network. This is called the critical path.

-Use the network to help plan, schedule, monitor and control the project.

5 0
3 years ago
The budget for the City of Goodville for the year ending December 31 was adopted and recorded on January 2 of the same year. Aft
scoray [572]

Answer:

See below

Explanation:

A budgetary fund is an income account and thus a debit balance suggests a deficit on the fund account. This means that governing bodies of City of Goodville have spent more money in their expenditures than they have brought in as income from the fund. This will be recorded as a liability in the balance sheet. Where as a credit balance would be a surplus and recorded as  an asset.

3 0
3 years ago
What percentage of job opening are published?
Sedaia [141]

wait:( is there's no b because my answer on my own work is b

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3 years ago
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melamori03 [73]

Answer:

1) Equal to

2) Efficient

3) Equal to

4) Total

Explanation:

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2) When the producer is using marginal cost pricing the output produced is efficient as there is no dead weight loss and efficient level of output is produced.

3,4) If I produce 10 pairs of shoes and they cost me $500 then my average total cost for the pair of shoes is 500/10 = $50 and if I keep the price of the shoe at $50 I am using average cost pricing, so average cost pricing is keeping price equal to the average total cost.

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3 years ago
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