Answer and explanation:
Leaders are always the ones who direct teams into achieving the collective goals the group has set. On writing a formal report, the leader must identify the members capable of gathering precise data that will support the report ideas. After that information is collected, the first draft must be written with the conclusions all the team members came up with. Then, the final report must be elaborated with the approval of most parts of the team to finally handle the report to the leader so he or she can present it.
Answer:
2.4 years
Explanation:
Years Cash Cumulative Cashflow
1 8000 8000
<u>2 6000 14000</u>
3 5000 19000
4 4000 25000
5 <u>5000</u> 30000
<u>30000</u>
Payback period = 2 years + (16,000 - 14,000) / 5,000
Payback period = 2 years + 0.4 years
Payback period = 2.4 years
The correct statement will be that the monthly lease payments that Ralph will have to make to lease such a car will be $362.17. So, the correct option that matches the statement is not quoted above.
The calculation of monthly lease payment can be done by deduction of residual value and dividing such value by number of months.
<h3>
Calculation of monthly lease payments</h3>
- The residual value can be calculated by using the formula by applying the given information,
- So, depreciation of the car after three years will be $8960.
- Interest payment per month will be calculated as,
- And the payment towards actual lease would be,
- So, total monthly payment towards leasing such car will be,
Hence, the correct statement is that the monthly payment towards the lease of car by Ralph will be $362.17 and none of the options given is correct.
Learn more about <u>Monthly Lease </u>here:
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