A purchase order is created by the accounting department. a. True b. False

You have just purchased a new warehouse. To finance the purchase, you've arranged for a 25-year mortgage for 80 percent of the $

Ahat [919]

Answer:

7.67%

Explanation:

Monthly payments from mortgages are calculated with the compounding montly interest rate.

Thus, you can "calculate" the monthly rate and the multiply by 12 to obtain the APR (annual percentage rate).

The equation for the monthly payment is:

$Monthly\text{ }Payment=Loan\times \bigg[\dfrac{r(1+r)^t}{(1+r)^t-1}\bigg]$

Loan = 80% × $1,800,00 = $1,440,000
Monthly payment = $10,800
t = number of months = 25 × 12 = 300

Substitute:

$\$10,800=\$1,440,000\times \bigg[\dfrac{r(1+r)^{300}}{(1+r)^{300}-1}\bigg]$

You must find r but it is very difficult to make it the subject of the equation; thus, the best is to do succesive calculations:

Tests:

r monthyly payment

0.01 $15,166.43 > $10,800 ⇒ lower
0.005 $ 9,277.94 < $10,800 ⇒ increase
0.006 $10,362.08 pretty close; increase a little bit
0.00639059 $10,800 ↔ this is the number

Multiply the rate by 12 (to obtain the APR): 0.00639059 × 12 = 0.07668708 = 7.67%.

APR = 7.67% ← answer

5 0

4 years ago

Me need friends plzzzs

Xelga [282]

Answer:

As long as you cool w/ ppl from the LGBTQ+ community :)

5 0

3 years ago

What happens to the economy when the as curve shifts rightward?

GuDViN [60]

It means the country is producing more capital goods than the consumer goods.The economy of the country will rise along with the rise in capital goods

8 0

3 years ago

Which of the following would not be classified as a material particiapant in an activity?

Nadusha1986 [10]

Answer:

C. MACRS depreciation expense.

Explanation:

Material participation in an income-producing activity. That is, an activity that is regular, continuous, and substantial leading to income-producing actions, in which the taxpayer materially participates is an active income or loss.

6 0

3 years ago

Alabama and Mississippi each have 9 units of labor. They can use their units of labor for the production of chickens and cotton.

Alekssandra [29.7K]

Answer and Explanation:

As it is given that

1. For each unit of labor, Alabama will generate 3 units of chicken.

Thus Alabama can produce a maximum of 27 units of chicken with 9 units of labor.

2. With every unit of labor, Alabama will generate 7 units of cotton.

Thus Alabama can produce a maximum of 63 units of cotton with 9 units of labor.

For each unit of labor, Mississippi will generate 4 units of chicken.

Therefore Mississippi can produce a maximum of 36 units of chicken with 9 units of labor.

For each unit of labor, Mississippi will produce 6 units of cotton.

While Mississippi can produce up to 54 units of cotton with 9 units of labor.

Alabama could be seen producing more cotton than Mississippi using all the labor while using all the labor Mississippi can produce more chicken than Alabama.

Hence,

For producing chicken, Mississippi has the absolute advantage

For producing cotton, Alabama has the absolute advantage

Now

Albama's opportunity cost for generating a chicken unit is

= (7 ÷ 3)

= 2.33 units of cotton.

Albama's opportunity cost for generating a cotton unit is

= (3 ÷ 7)

= 0.43 units of chicken.

Mississippi's opportunity cost for generating a chicken unit is

= (6 ÷ 4)

= 1.50 units of cotton.

Mississippi's opportunity cost of generating a cotton unit is

= (4 ÷ 6)

= 0.67 units of chicken

Therefore

Alabama can produce cotton relatively to Mississippi at a lower cost of opportunity.

In comparison with Alabama, Mississippi can produce chicken at lower opportunity costs.

Hence, we can conclude that

Mississippi has a competitive advantage for chicken production.

Alabama has a competitive advantage in cotton production.

Mississippi is supposed to grow chicken and Alabama is supposed to make cotton.

6 0

3 years ago