Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
Answer:
Depreciation
Explanation:
This is basically a reduction in value of an asset over period of time mainly because of wear an tear.
Answer:
b. $5.01
Explanation:
practical capacity = 310 x 16 x 250 = 1,240,000 boxes of wine per year
fixed overhead costs = $4,000,000 / 1,240,000 = $3.23 per box of wine
variable manufacturing costs = $1,762,200 / 990,000 = $1.78 per box of wine
total production costs per unit when practical capacity is used = $3.23 + $1.78 = $5.01 per box of wine
Answer:
creates a distinct connection of Thelma's brand with the qualities of home-cooked freshness
Explanation:
The packaging of Thelma's cookies is quite simple but appealing also, it makes you remember home made cookies. The top part of the boxes looks like a gas stove, which actually makes you associate it with older kitchens and older people cooking. That is where the grandma style cookies enter you subconscious mind.
It is actually a great marketing trick because generally you associate this type of stoves with home cooking. Generally mass produced cookies are not cooked in a range, they are cooked in large industrial ovens that do not look like anything you can find in a home kitchen.
Brand positioning is exactly about this, positioning your brand in the right place (i.e. the right association) inside your customer's mind.
Given that <span>Arlo
is offered a job in des moines, where the cpi is 80, and a job in new
york, where the cpi is 125. arlo's job offer in des moines is for
$42,000.
Let the amount the new york job will pay be x, then
Therefore, the new york job have to pay him $65,625 in order for the two
salaries to represent the same purchasing power.</span>
