The federal reserve bank can be thought of as the bank for almost all other banks that work directly with the public?

7. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can affort is $350. The loan will have

nordsb [41]

Answer:

$13,290.89 and $15,734.26

Explanation:

In this question we have to use the Present value function which is shown on the attachment below:

In the first case

Provided that

Future value = $0

Rate of interest = 12% ÷ 12 months = 1%

NPER = 48 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $13,290.89

In the second case

Provided that

Future value = $0

Rate of interest = 12% ÷ 12 months = 1%

NPER = 60 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $15,734.26

8 0

3 years ago

Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality

Brut [27]

Answer:

c. transform their current customers into loyal advocates for themselves

Explanation:

Customer satisfaction is the utmost priority of the company. By satisfaction its customers, the company could accomplish its set targets due to which is able to take the competitive advantage so that it could easy for the company for achieving its goals and objectives

The customer satisfaction with the company products when he or she feels that he or she invested the right amount at the right place

So, the company aims to convert its current customers to permanent customers or current customers into loyal advocates

4 0

2 years ago

For all of the following questions, refer to the following table, which gives financial information for Apple for fiscal year 20

taurus [48]

Answer:

a. 27.9%

Explanation:

The formula and the computation of the gross profit are shown below:

Gross profit = (Gross profit) ÷ (Sales) × 100

where,

Gross profit = $1,604

And, the sales revenue is $5,742

So, the gross profit is

= ($1,604) ÷ ($5,742) × 100

= 27.9%

By dividing the gross profit by the sales we can get the gross profit

3 0

2 years ago

What is the most important function of a leader within an organization

Vitek1552 [10]

Answer:

Leadership is the action of leading people in an organization towards achieving goals. Leaders do this by influencing employee behaviors in several ways. A leader sets a clear vision for the organization, motivates employees, guides employees through the work process and builds morale.

Explanation:

7 0

3 years ago

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Dafna11 [192]

Answer:

COGS= $65,100

Explanation:

Giving the following information:

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:

Work in Process, January 1 $ 53,800

Work in Process, December 31 38,900

Total Factory overhead 7,400

Direct materials used 14,400

Direct labor used 28,400

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 53,800 + 14,400 + 28,400 + 7,400 - 38,900= 65,100

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= $65,100

4 0

3 years ago