So your down payment would be 70,000 (which is 350,000 X .2)
So you would be financing 280,000
Using the payment function
PV= 280,000
R= .036/12
N = 15*12= 180
Your payment would be: 2,015.45
Answer:the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.
Explanation:
Straight line depreciation is calculated as
Depreciation= Initial value – salvage value / useful life
Depreciation=($48,400- $9,000)/10=$3,990
The depreciation expense each year would be $3990
Book value = Cost of asset- accumulated deprecation
Book value = Cost of asset - (2 years x depreciation)
= $48,400- (2 x $3,990)
= $40,420
Therefore, the machine’s second-year depreciation and year end book value under the straight-line method is $3,990 and$40,420 respectively.
Answer:
The correct answer is Greg. He is the agent.
Explanation:
First of all, the term <em>agent</em>, in business, is understand as the individual that currently <em>manages another person's business affairs</em> and that commonly spend much of his time negotiating contracts for his clients.
Secondly, according to the definition of agent, it is understandable that in this case the agent is Greg due to the fact that he is the one that has to sell the collection, under Michael's orders.
Answer:
The surface area of the cube is 96 squared unit.
Explanation:
The surface area of a cube is the addition of the area of each surfaces. The surface net of the cube illustrates that it has 6 squares of 4 unit length each.
So that,
Area of a square = length × width
But, length = width
⇒ Area of a square = 
= 
= 16
Area of one of the squares of the cube is 16 squared unit.
Surface area of the cube = number of squares × Area of one of the squares of the cube
= 6 ×16
= 96 squared unit
The surface area of the cube is 96 squared unit.
Answer: 204.76%
Explanation:
In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.
Thus, the productivity in terms of units per labor hour is as follows:

= 1.05
Similarly, after the process improvement, the productivity in units per labor hour would be:

= 3.2
Thus change in productivity would be calculated as:

= 2.047 × 100
= 204.76%
Thus, the productivity of non defective parts would increase by 204.76%.