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shtirl [24]
2 years ago
8

Ken just purchased new furniture for his house at a cost of $16,400. The loan calls for weekly payments for the next 7 years at

an annual interest rate of 10.99 percent. How much are his weekly payments?
Business
1 answer:
____ [38]2 years ago
6 0

Answer:

His payments are $64.63 every week.

Explanation:

P = Regular Payments  = ?

PV = Loan Amount  = $16,400

r = rate of interest  = 10.99%

n = no of periods  = 7 = 364

P = [r (PV) ]   /   [1 - (1 + r )^-n]

P = (10.99%/52)*16400   /   1 - [1 / (1 + 10.99%/52)^364)]

P = 34.66076923 /  1 - [1 / 2.156503587]

P = 34.66076923 / 0.53628642

P = 64.63107760588

P ≈ $64.63 weekly

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Answer:No

Explanation: the company requested to the team to develop an alternative to improve the client's satisfaction and reduce loss

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2 years ago
The main premise of ________ is that effective leaders choose one or more leadership styles to influence employee expectations r
NARA [144]

Answer:

Path-Goal Leadership Theory

Explanation:

Path-Goal Leadership Theory -

This theory was given by Robert House , in the year 1971 .

It refers to the type of leadership theory , where the behavior of the leader depends on the performance , motivation and satisfaction of the other employees , is referred to as the path - goal leadership theory .

It is also referred to as path–goal theory of leader effectiveness .

Hence , from the given information of the question ,

The correct answer is Path-Goal Leadership Theory .

3 0
3 years ago
1. The following are categories of accounts reported in the financial statements: A. Current Assets E. Long-Term Liabilities B.
kondaur [170]

Answer:

E, B, D, C, A, G, H, F

Explanation:

Bonds Payable - <em>Long-term liabilities</em>

Buildings - <em>Fixed assets</em>

Accrued Liabilities - <em>Current liabilities</em>

Intangibles - <em>Intangible assets</em>

Inventory - <em>Current assets</em>

Unearned Rent Revenues - <em>Revenue</em>; advanced paid rentals

Accumulated Depreciation - <em>Expense</em>

Retained Earnings - <em>Stockholder's equity</em>

3 0
3 years ago
Many firms advertise. What effect does advertising have on firm​ profits? One possible effect of advertising is to:_________
spayn [35]

Answer:

Option b: Increase profits by shifting the demand curve for the product to the right

Explanation:

Marketing is simply all the activities necessary for a firm to sell a product to a consumer. Firm engages in marketing to make their brand or product known.

Advertising has a whole lot of effect in the society at large. There are economic effect, social effect and others.

effects of advertising on the prices of goods and service includes exerting an upward pressure on prices that is the Cost of advertising is passed along to consumers and Advertising makes us less price sensitive) and exerting a downward pressure on prices may lead to economies of scale and Lowers the cost of sales.

Social Effects of Advertising is that it is manipulative and promotes unnecessary consumption,Advertising makes us more intelligent consumers and promotes worthwhile social causes.

6 0
2 years ago
Present value is: a. The future value of a current amount of money evaluated at a given interest rate. b. The current value of a
pogonyaev

Answer:

Explanation:

Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.

For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today

3 0
3 years ago
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