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3 years ago

Which of the following would be an advantage of leasing a vehicle?

Business

1 answer:

Romashka [77]3 years ago

5 0

I think its ''Lease payments are likely to be lower than finance payments" but I'm not sure

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On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea

VLD [36.1K]

Answer:

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

Explanation:

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

P/YR = 1

i = 8%

FV = $0

<u>Step 2</u>

Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

8 0

3 years ago

A plaintiff in a successful lawsuit was awarded a judgment of $4800 per month for 5 years. The plaintiff has the need of a fairl

tatiyna

Answer:

58.81% annual

or 3.93% monthly

Explanation:

Using a financial calculator, we can determine the internal rate of return of this investment. The initial outlay is -$110,000, and the 60 $4,800 cash flows follow. The IRR is 3.93 per month. In order to determine the effective annual rate, we can use the following formula:

effective annual rate = (1 + 3.93%)¹² - 1 = 58.81%

8 0

3 years ago

Poeple who own operate and take on the financial risk of operating a business are called?

NARA [144]

Answer:

Entrepreneurs. people who own, operate, and take the risk of a business venture.

6 0

2 years ago

Which type of facility layout is seen in the given example? George works as an operations manager for a machine manufacturer. Wi

Norma-Jean [14]

Answer: process

Explanation:just did the test on edmentum

4 0

3 years ago

Read 2 more answers

Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu

rosijanka [135]

Answer:

Option (a) is correct.

Explanation:

For February,

Opening inventory would have been:

= 25% of February

= (25% × $89,000)

= $22,250

Ending inventory would have been:

= 25% of March

= (25% × $59,000)

= $14,750

Hence,

Cost of goods sold = Opening inventory + Purchases - Ending inventory

$89,000 = $22,250 + Purchases - $14,750

Purchases = $89,000 + $14,750 - $22,250

= $81,500

Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.

4 0

3 years ago