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Alex
3 years ago
8

If your uncle borrows $56,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an a

pproximate answer but calculate your final answer using the formula and financial calculator methods. a. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
Elan Coil [88]3 years ago
7 0

Answer:

a. Annually equal instalment = Principal x rate x ( (1+rate)n / (1+rate)n -1 )

Explanation:

Accrding to the following formula, we calculate the anually equal instalment.

So, instalment = 56000 x 0.10 x ( (1.10)8 / (1.10)8 -1) = $10496.86498 ~ $10496.86

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A company incurs total costs of $8,000 to process Product A. The company can then sell Product A as is for total daily revenue o
DochEvi [55]

Answer:

As the gross profit is the same for both products It is better to choose Product A because Product Z needs further processing a day , so time can also be the constraint.

Explanation:

Process Cost of Product A = $ 8000

Sale of Product A= $ 22,500

Gross Profit For A= $ 14,500

Process Cost of Product Z= $ 8000 + $4200= $ 12,200

Sale of Product Z= $ 26,700

Gross Profit For Z= $ 14,500

The gross profit for both products is same but product Z requires additional day for further processing so it is better to choose Product A.

3 0
3 years ago
9- 23. Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill i
Amiraneli [1.4K]

Answer:

The correct answer is letter "D": vouchers as an efficient and equitable use of public resources.

Explanation:

School vouchers are monetary public resources allocated to private education. States provide parents a certain amount of money so their children go to a private school or, in other cases, that money can be used for homeschooling. The money provided covers part of private schooling only.

Therefore, <em>if a person focuses on providing students technical knowledge that could be useful for students when they join the workforce instead of allocating resources for private regular shooling, that individual is likely to consider that vouchers are not used efficiently neither it brings effective results.</em>

3 0
3 years ago
The restaurant sector continues to grow despite the hurting economy.<br><br> O True<br><br> O False
Mkey [24]

Answer:

True.

Explanation:

^^

5 0
2 years ago
A nondiscriminating monopolist:
max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

  • It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
  • In order to understand this situation, it is important to address the meaning of inelastic demand.
  • The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
  • This does not lead to profits for a monopolist.
  • It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
  • Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

#SPJ10

3 0
1 year ago
Physical capital differs from raw materials in the sense that raw materials A. have a longer useful life in production B. are co
Komok [63]

Answer:

D. are used up in production

Explanation:

Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.

4 0
2 years ago
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