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3 years ago

The actual monthly payment for a 36 month loan is _______________.

Business

2 answers:

avanturin [10]3 years ago

6 0

As no available data is given for calculation, we use a hypothetical situation.

Mr A loans $30000 from a company with a flat interest of $6000 (including fees and taxes) for a period of 36 months.

The actual monthly payment for his loan will be:

(Principal+Interest)/number of months

I.e. Total Repayable Amount= $30000+6000=$36000

Monthly Payment for 36 months = $36000/36 = $1000

In cases where the interest is in rates, an approximate formula will be used depending on continuous or discrete compounding.

garik1379 [7]3 years ago

5 0

The principal balance plus interest and any applicable fees.

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Wilson Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of

mrs_skeptik [129]

Answer:

Please see attached solution

Explanation:

a. Total manufacturing overhead costs allocated $356,400

b. Variable manufacturing overhead spending variance $40,500U

c. Fixed manufacturing overhead spending variance $17,600U

d. Variable manufacturing overhead efficiency variance $19,500F

e. Production volume variance $39,200F

Please find attached detailed solution to the above questions

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4 years ago

Please solve this GDP question

tigry1 [53]

Answer:

about 1,822.41 today

Explanation:

an increase of 862.41 over 28 years

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3 years ago

1. Identify each account as an asset (A), liability (L), or equity (E).

Novosadov [1.4K]

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

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Office Supplies: Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

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Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

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3 years ago

You are considering acquiring a firm that you believe can generate expected cash flows of $11,000 a year forever. However, you r

Rom4ik [11]

Answer:

1. $146,666.67

2. $129,411.76

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

1. For computing the value of the firm, first we have to compute the Expected rate of return which is shown below:

= 5% + 0.5 × (10% - 5%)

= 5% + 0.5 × 5%

= 5% + 2.5%

= 7.5%

Now the value of firm would be

= Expected cash flows ÷ Expected rate of return

= $11,000 ÷ 7.5%

= $146,666.67

2. If beta is 0.7, then the expected rate of return and the value of firm would be

= 5% + 0.7 × (10% - 5%)

= 5% + 0.7 × 5%

= 5% + 3.5%

= 8.5%

Now the value of firm would be

= Expected cash flows ÷ Expected rate of return

= $11,000 ÷ 8.5%

= $129,411.76

6 0

3 years ago

Which of the following is used by entrepreneurs

amid [387]

Answer:

i think it's merger or majority interest

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3 years ago