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Scrat [10]
4 years ago
6

Curtis created his own restaurant equipment company, supplying the greater Denver area, five years ago. Until now, he has, never

worried about instituting a formal control system. Now, after the Great Recession, he is facing more cost-conscious restaurant owners. He has decided that a formal control system is needed. The first step Curtis should take is:_______________.A) design an accident report form so that he can keep accurate records of all accidents that occur. B) devise a set of clear performance standards. C) talk to his banker to set financial goals. D) draw up a formal organization chart.
Business
1 answer:
Amanda [17]4 years ago
7 0

Answer:

cocc

Explanation:

a

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On April 1, 2018, John Vaughn purchased appliances from the Acme Appliance Company for $1,200. In order to increase sales, Acme
Darina [25.2K]

Answer:

The monthly payment necessary for John to pay for his purchases is $88.4 per month

Explanation:

Fixed Installment payment for a fixed period period of time with a specified interest rate is the type of annuity.

According to given data

Present value of appliance= PV = $1,200

Numbers of Payments = n = 18 months

Interest rate = r = 24% annually = 2% monthly

Value on October 1, 2018 = 1200 x ( 1 + 2%)^6-1 = 1,325

Monthly payment can be calculated by using following fomula

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

$1,325 = P x [ ( 1- ( 1+ 2% )^-18 ) / 2% ]

$1,325 = P x [ ( 1- ( 1+ 0.02 )^-18 ) / 0.02 ]

$1,325 = P x [ ( 1- ( 1.02 )^-18 ) / 0.02 ]

$1,325 = P x [ ( 1- ( 1.02 )^-18 ) / 0.02 ]

$1,325 = P x 14.992

P = $1,325 / 14.992

P = $88.4

8 0
3 years ago
When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0
3 years ago
Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
gavmur [86]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years.

Depreciable cost= purchase price - salvage value

Depreciable cost= 90,000 - 15,000= $75,000

8 0
4 years ago
Item 13Item 13 Jacques relies on a cost-benefit analysis to decide if moving operations overseas is better than increasing the s
Kryger [21]

Answer:

Utilitarian approach.

Explanation:

Utilitarian approach evaluates actions to be taken in terms of its consequences and outcomes.

The aim of the utilitarian approach is to ensure the largest number of people benefit while the lowest number of people are harmed.

In this scenario Jacques uses a cost-benefit analysis to decide if moving operations overseas is better than increasing the size of the current manufacturing facility in the United States.

Cost benefit tries to determine if the benefit of an action outweighs it's cost. Based on findings the best option that has the greatest benefit is selected.

5 0
3 years ago
Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with
Murljashka [212]
<span>Answer: Now total premium is (700+900) = 1600 so saving will be $ 160 . Future value of the savings over 10 years based on annual interest</span>
5 0
3 years ago
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