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aleksandrvk [35]
3 years ago
10

Company X got a loan of e4,000,000. The company agreed repay this loan as follows: a first payment of e2,400,000 one year from n

ow and a second payment of 2,200,000 within two years. The tax rate is 25%. Determine the cost of this loan
Business
1 answer:
evablogger [386]3 years ago
7 0

Answer:

The cost of loan is $600000.

Explanation:

The loan amount = 4000000

The cost of loan refers to the interest rates and other charges that borrower pays. So in the given question first installment is 2400000 in the first year and second installment is 2200000. Here, lets assume any amount other then actual amount of loan amount is the amount spent on loan.  

So, the cost of loan = (2400000 + 2200000) – 4000000 = $600000

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3 years ago
True or false: unlike the economic system of a country, the legal system is not influenced by the prevailing political system.
tigry1 [53]

The statement is False. Unlike the economic system of a country, the legal system is not influenced by the prevailing political system.

Free market, command, and mixed economies are the three primary types. The chart that follows contrasts command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course.

A common law system has the advantage of allowing you to be certain of the outcome of your case if a similar case has already been heard. The disadvantage is that if you have a unique circumstance, a court might easily create a new law and apply it to your situation.

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7 0
2 years ago
You are a project consultant for the ACME Company and are helping to develop an agile method using Scrum. The company has always
AlekseyPX

Answer:

AGILE SYSTEM is very significant idea in the IT industry, which is relating to a system of project administration particularly for software development. It primarily includes in separation of errands into various stages and valuation of those tasks to accept new plans to improvise the procedure. It includes in development, growth, continues enhancement of procedure. The values helps to grow many software’s. As a project consultant, I choose these ideologies to progress various methods to start a pilot for agile.

Scrum is a subcategory of agile, which supports to grow project administration procedure in a specific way. A Scrum procedure is distinct from other agile procedures by specific ideas and follows. Scrum is most frequently used to achieve complex software and product development procedures by using iterative practices. Which rises productivity and decreases time. Scrum procedures supports organizations to regulate to the regular changes in the software to meet the commercial goals properly. Which mainly assistance to:

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  4. Supports more to regulator the project schedule

PROPOSAL:

TRAINING: Training is very much supportive at emerging various software’s with a collaboration of several cross functional groups. Which supports to stay operative and to be intelligent to change quickly as per the rapid variations. However, traditional project administration procedures tried to understand the motives for change but now which supports to work as per the rapid changes. For this, training from the authorities is more necessary

DEVELOPMENT AND EXECUTION: Agile Project Administration offers a set of outlines that shelters the people, goods and practices for effective application of projects in the modern business environment. Agile is now used to achieve any form of occupational change. Numerous courses assistance diverse investors within a project can fully comprehend precisely how to work within an agile situation.

Which is possible through.,

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4 0
3 years ago
Which of the following statements is true regarding depreciation methods?
r-ruslan [8.4K]

Answer:

The correct answer is letter "D": The use of a higher estimated life and a higher residual value will lower the annual amount of depreciation expense recognized on the income statement.

Explanation:

Depreciation distributes the cost and cost over the useful life of the assets of tangible and real assets. A business could depreciate an asset over a period of up to thirty years, depending on the type of asset it is. There are many depreciation methods but, among the most common we can find the <em>Straight-line method, the Double Declining Balance method</em>, and <em>the Units of Production method</em>. As long as the estimated life of the asset and its residual value is high, the amount filed for the depreciation will be lower.

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3 years ago
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Answer:

Command economy

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Traditional Economy

Mixed Market Economy

Explanation:

A command Economy  stresses the equality of all citizens.e. g Cuba and North Korea

A closed economy aims to be self sufficient with all activities confined to its economy.e.g Brazil's economy.

A traditional economy being the oldest form of economy upholds culture and history and as such relies more on bartering than money. It is mostly common in emerging markets and developing countries.

A mixed economy encourages private businesses with a degree of state monopoly.Example is the USA's economy.

5 0
3 years ago
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