Answer:
Total interest = 1239.12
Explanation:
Assume;
Loan amount = P
Annual payment = X
P[1st payment] = X/[1+0475]⁸
P[1st payment] = X/[1.0475]⁸
P[5th payment] = X/[1+0.0475]⁴
P[5th payment] = X/[1.0475]⁴
P[5th payment] = 699.68
So,
X = 699.68[1.0475]⁴
X = 842.39
P = (842.39/0.0475)(1 – 1/1.0475⁸)
P = 5,500 (Approx)
Total interest = [842.39 x 8] - 5,500
Total interest = 1239.12
Answer:
46850 is the correct answer
Explanation:
Employee salaries are limited to $12.850 per employee.
Total liabilities with priority = Income Taxes +Salaries Payable+Administrative expenses for liquidation
=10.000+12.850+4.000+20.000= 46.850
Answer: Is useful to managers in planning and decision making.
Explanation:
The Contribution approach to the income statement helps the company understand better the behaviour of it's variable and fixed assets because the Contribution Margin approach first subtracts variable costs from revenue and then subtracts fixed costs.
This allows the company to know which of the costs are more taxing on the company thereby enabling the company to know which to work on. It is therefore useful to managers in planning and decision making.
A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.
<h3>What is a
forecasting technique?</h3>
A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:
In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.
Read more on forecasting technique here: brainly.com/question/23009258
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