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solong [7]
3 years ago
13

You have an outstanding balance on your credit card of $10,000. You can pay off the balance if you make 36 monthly payments of $

350, starting next month. Alternatively, you can take out a bank loan today for $10,000 and pay off the credit card debt. The bank loan is paid with 36 monthly payments, starting next month. The bank loan charges 5% APR, compounded monthly.
Required:
1. If your savings account earns 4% APR compounded monthly, how much do you save in present value terms by using the bank loan to pay off the credit card debt?

Business
1 answer:
iVinArrow [24]3 years ago
7 0

Answer:

Our answer is attached below

Explanation:

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In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers
Elanso [62]

Answer:

a) channel members.

Explanation:

A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.

Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.

6 0
2 years ago
Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles fr
kiruha [24]

Answer:

Option (E) is correct.

Explanation:

The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.

In our case, there are two restaurants as follows:

One is 2 miles away from home with higher prices

Second one is 15 miles away from home with lower prices

But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.

This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.

4 0
3 years ago
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
Ludmilka [50]

Answer:

$44,377

Explanation:

Note: The answers (options) attached this question belongs to another question

Particulars                                                             Amount

Salaries ($48,000*1,200/3,500)                           $16,457

Depreciation ($24,000*$102,600/$270,000) $9,120

Advertising ($47,000*$346,000/$865,000) <u>$18,800</u>

Total                                                                       <u>$44,377</u>

5 0
2 years ago
How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
ArbitrLikvidat [17]

Answer:

Explanation:

There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.

7 0
2 years ago
You were asked to read U.S. Statistics in 1912 and in your writing journal, you reflected upon how different your life would be
Zolol [24]

Explanation:

Hi, you've asked an incomplete question. However, based on inference, after consult relevant academic material, the learning objective on this particular assignment is stated below;

<em>"To think about things like your education, career goals, romantic relationships, how you get around, and your physical health, write at least one paragraph explaining how such aspects of your life would have changed had you lived in the early 1900s."</em>

4 0
3 years ago
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