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marin [14]
3 years ago
10

Sammy and Ruby Loveapet wish to purchase a new car. The car will cost $48,000. Their lender will provide a loan at 11 percent co

mpounded annually, and the loan will be paid off in three annual end-of-year payments over three years. The Loveapet’s will put a downpayment of $5,000 on the auto and wish to know the following: a. How much are their annual payments? b. How much will be paid to the lender for interest each year? c. What will their loan balance be at the end of each year?
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer:

Explanation:

Car Amount                                    48000

Down payment                                5000

Amount required for the Loan          43000

Amortization Schedule

Year    Amount interst Instalment Total Payment Closin Loan

1           43000 4730 14333.33  19063.33         28666.67

2      28666.67 3153.33 14333.33  17486.67                 14333.33

3      14333.33   1576.67 14333.33  15910                            0

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Answer:

Problem solving team.

Explanation:

You're welcome

3 0
3 years ago
Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit margin (ratio of gross profit t
Strike441 [17]

Answer:

The gross profit margin of Candy Company is 65% (second option)

Explanation:

The gross profit margin is defined as:

Mg = (sales - costs) / price of sales  

If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:

Mg = ($320,000- $112,000) * 100% / $320,000  =  

Mg = $208,000 * 100% / $320,000  =  0.65 * 100%

Mg  =  0.65 * 100%  

Mg  =  65%  

6 0
4 years ago
Darryl would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-t
ivolga24 [154]

Answer: Employed.

Explanation:

Daryl is employed, because he has a job, where he works 15 hours a week. The job although it is not a full-time job still is a form of employment, where Daryl works and is paid.

5 0
3 years ago
What are some possible reasons Waymo entered an alliance with Lyft? Are there any reasons Waymo would prefer Lyft over Uber as a
cricket20 [7]

Answer:

(1) To gain dominance in the Autonomous driving Technology.

(2) To utilize the vast network of drivers of Lyft to enhance the use of its technology

(3) To strategically place itself to compete favourably with other Autonomous driving Technology firms.

(4) To enhance its performance and profitability.

PART B

Lyft has a better transparent and user friendly application generally people trust their app in terms of pricing and trip duration.

LYFT HAS A BETTER REPUTATION THAN UBER WHICH HAS BEEN INVOLVED IN SERIES OF SCAMS IN 2017.

Explanation:

Waymo is a sister company to Google owned by alphabet inc., It is an autonomous driving Technology company with a state of the art Technology in the self driving cars.

Lyft is an American company which is involved in car lift,car hailing, car sharing etc services in major cities of the United States of America, it has developed a vast network of drivers and routes through out the United States.

The alliance between Waymo and Lyft was mainly to help both entities leverage on the competence of each party for the greater good of Both Companies.

4 0
4 years ago
The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000,
sveta [45]

Explanation:

The company acquired a machine on January 1 at an original cost of $ 81,000. The machine’s estimated residual value is $ 15,000, and its estimated life is 20,000 service hours. The actual usage of the machine was as follows:

Year 1 9,000 hours

Year 2 5,000 hours

Year 3 4,000 hours

Year 4 2,000 hours

7 0
2 years ago
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