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sesenic [268]
3 years ago
8

55.The manager of Bonzai's Boutique has approved Carla's application for credit. The maximum payment that has been approved is $

95 a month for 24 months. The APR is 16 percent. What is the maximum initial purchase that Carla can make given this credit approval
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer:

$1,916.2

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. In this question the payment of $95 per month for 24 months at APR of 16% is an annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where P = Annual payment = $95

First, Calculate the effective rate

EAR = ( 1 + 16%/12 )^12 - 1 = 17.2%

r = rate of return = 17.2% annual = 17.2% / 12 = 1.44% per month

n = number of years = 24 months

Placing value in the Formula

PV of annuity = $95 x [ ( 1- ( 1+ 1.44% )^-24 ) / 1.44% ]

PV of Annuity = $1,916.2

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ycow [4]

Answer: Budgeted Raw Material to be consumed in July.

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10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

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If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

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10,200                 $6                             $61,200

5 0
3 years ago
Good that cost one half dollar in the U.S. cost one euro in Germany, the real exchange rate would be computed as how many German
olchik [2.2K]

Answer:

Real Exchange Rate computed as German goods per U.S. goods: 2

Explanation:

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Cost in Germany: 1 euro

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Real Exchange Rate: 1 / 0.50 = 2

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3 0
4 years ago
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Margarita [4]

Answer:

(b) purchase contract with no contingencies.

4 0
2 years ago
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Dmitriy789 [7]

Answer:

organic organizations

Explanation:

Organic organization -

This type of organisation was given by George Stalker and Tom Burns .

It refers to the type of organisation , which is can alter and adapt to the changes easily , there is very less job specialization , no proper centralized decision - making process , and not proper direct supervision , is referred to as an organic organisation .

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Ronch [10]

The answer to the blank space in the question is task significance. Task significance is <u>the extent to which a person’s job is perceived as important and has impact on both the company and customers</u>.

Jobs with higher task significance would be perceived as important by both the person doing it and other people around him, including his co-workers and customers.

5 0
3 years ago
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