Answer:
The company will make monthly payments of $299.71 for three years.
This means a total payments of $10,789.60 after the 36th month with an interest charge of $164.60.
Explanation:
a) Data and Calculations:
Cost of new machine = $12,500
Down Payment 15% = 1,875
Amount financed through a credit union = $10,625
Interest rate charged by the credit union = 1% per year compounded monthly.
From an online finance calculator:
Monthly Payment = $299.71
Sum of all periodic payments = $10,789.60
Total Interest = $164.60
Answer:
Results are below.
Explanation:
Giving the following information:
The jeans will sell for $205 per pair and cost $164 per pair in variable costs to make.
<u>The contribution margin per unit is calculated using the selling price per unit and the unitary variable cost:</u>
<u></u>
Unitary contribution margin= 205 - 164= $41
<u>Now, to calculate the contribution margin ratio, we need to use the following formula:</u>
contribution margin ratio= contribution margin/selling price
contribution margin ratio= 41/205
contribution margin ratio= 0.2
Answer:
Annual payment = $4,143.66 (Approx)
Explanation:
Given:
P = $1,000,000
r = 12% = 0.12
n = 30
Find:
Annual payment
Computation:
![Annual\ payment=P[\frac{(1+r)^n-1}{r} ] \\\\Annual\ payment=1,000,000[\frac{(1+0.12)^{30}-1}{0.12} ] \\\\ Annual\ payment=4143.66](https://tex.z-dn.net/?f=Annual%5C%20payment%3DP%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%20%5C%5C%5C%5CAnnual%5C%20payment%3D1%2C000%2C000%5B%5Cfrac%7B%281%2B0.12%29%5E%7B30%7D-1%7D%7B0.12%7D%20%5D%20%5C%5C%5C%5C%20Annual%5C%20payment%3D4143.66)
Annual payment = $4,143.66 (Approx)
The answer is D to decrease competition
Answer:
D
Explanation:
So lets go over our information.
We know that the initial balance is 1,250
We know that the compund rate is the stuff inside the parethese is 0.012/4(we will pick that apart later)
We know that t is the amount of periods.
We know that the 4 means quarterly compounding.
So right of the bat, we can tell that it can only be B or D.
Next, we can use the information in the parethese to find the answer between the two.
So, looking at the 0.012, we can tell that if we shift it into percentage form(multiply by 100) we can find that its 1.2%.
This number inside the parethese, which is now 1.2%, is our interest rate.
<u>So the answer must be D.</u>
Hope this helps!
