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4 years ago

A financial analyst for Simon Manufacturing prepared the following report:

1 answer:

3 0

Answer: A.The cumulative customerminus−level operating income of the top eight customers represents about 105.1105.1% of operating income

Explanation:

The Cumulative total of the first 8 customers is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00

= $17,355.70

The Cumulative total of the Operating Income is,

= 5,563 + 4,474 + 3,851 + 1,049.5 + 984.80 + 844.80 + 336.60 + 252.00 - 168 - 676

= $16,511.70

Dividing both figures gives,

= 17,355.70 / 16,511.70 * 100

= 1.0511051 * 100

= 105.1105.1%

Option A is therefore correct.

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3 years ago

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2 years ago

Show what you need for each of your calculator keys when computing your answer.

ddd [48]

Answer:

$\large\boxed{\large\boxed{\$10,470.57}}$

Explanation:

The monthly payment to pay a loan with constant rate is given by the formula:

$Payment=Loan\times \bigg[\dfrac{r(r+1)^t}{(r+1)^t-1}\bigg]$

Where:

r is the monthly compounded rate and it is equal to the APR (annual percentage rate) divided by 12: r = 5.5%/12 = 0.055/12

t is the number of months: t = 60

Then, you can subsitute with the maximum payment to find the <em>maximun amount you can afford to borrow</em> (loan):

$\$200=Loan\times \bigg[\dfrac{(0.055/12)((0.055/12)+1)^{60}}{((0.055/12)-1)^{60}-1}\bigg]$

$\$200=Loan\times 0.01910116$

$Loan=\$200/0.01910116=\$10,470.57$

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3 years ago

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4 years ago

A financial analyst for Simon Manufacturing prepared the following​ report:

A financial analyst for Simon Manufacturing prepared the following report: