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timofeeve [1]
3 years ago
10

John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in s

emiannual payments over the next 6 years. The interest rate on the debt is 12%, compounded semiannually. Find the following. (Round your answers to the nearest cent.) (a) the size of each payment $ Correct: Your answer is correct. (b) the total amount paid over the life of the loan $ Incorrect: Your answer is incorrect. (c) the total interest paid over the life of the loan
Business
1 answer:
vesna_86 [32]3 years ago
7 0

Answer:

C $ 596.39

total payment          7,156.68

Interest expense     2,156.68

Explanation:

6,000  -  1,000 = 5,000 amount to finance

We will calcualte the cuota of an annuity of 6 years with semianual payment at 12% annual rate.

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $5,000.00

time   12 (6 years times 2 payment per year)

rate            0.06 (12% annual we divide by 2 to get semiannual)

5000 \times \frac{1-(1+0.06)^{-12} }{0.06} = C\\

C $ 596.39

The total amount paid will be the cuota times the time of the loan:

Total amount paid

596.39 x 12 = 7,156.68‬

The interest will be the difference between the total amount paid and the principal of the loan

Interest paid

total payment          7,156.68

principal                 (5,000)

Interest expense     2,156.68

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The primary advantages for most companies entering the realm of franchising are capital, speed of growth, motivated management, and risk reduction
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3 years ago
Tasha recently changed employers within the same industry. At her old company, employees routinely took home company pens, penci
kakasveta [241]

Answer:

The correct answer is corporate culture.

Explanation:

Corporate or organizational culture is, basically, the ideology of a company: the set of attitudes, habits, beliefs and behaviors of the human group that makes it up, the way they interact and the way they manage external business transactions.

It can be developed intentionally according to the direction in which the company moves in terms of style, priorities and values, or in a more organic way as a result of the sum of the characteristic features of its members and the nature of the interaction between them.

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7 0
3 years ago
The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2
lana66690 [7]

Answer:

increased

Explanation:

Data provided in the question:

Price of a gallon of gasoline in 1972 = $0.35

CPI in 1972 = 0.418

Price of a gallon of gasoline in 2005 = $2.25

CPI in 2005 = 1.68

Now,

Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]

= $0.35 ÷ 0.418

= $0.837

Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]

= $2.25 ÷ 1.68

= $1.34

Hence,

The price of gallon of gasoline increased between 1972 and 2005

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Answer:

The answer is: Normative leadership model

Explanation:

The normative leadership model requires Pier to analyze the following seven situations:

  1. How will my decision will affect the organization?
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  3. As a leader, do I possess the knowledge to solve try to solve this issue?
  4. If only I are responsible for making the decision, will the rest of the team be committed to it?
  5. My team members support me and the organization?
  6. The team members possess the knowledge to try to solve this issue?
  7. Can team members unite and really work as a team to solve this issue?

Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:

  1. Decide: Pier makes the decision by himself with little or no participation of the team members.  
  2. Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.  
  3. Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.  
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  5. Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.
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A manager desires to increase the cohesiveness and productivity of project teams. what should he do for the​ groups?
Vadim26 [7]
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