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AfilCa [17]
3 years ago
13

Dave Krug finances a new automobile by paying $6,500 cash and agreeing to make 20 monthly payments of $580 each, the first payme

nt to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round PVA factor to 4 decimal places.)
Business
1 answer:
Sonbull [250]3 years ago
5 0

Answer:

$16,966.68

Explanation:

the cost of the car = down payment + present value of the monthly installment payments

  • down payment = $6,500
  • PV of monthly installment payments = $580 x 18.046 (PV annuity factor, 1%, 20 periods) = $10,466.68

the cost of the car = $6,500 + $10,466.68 = $16,966.68

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You are attending a training session on the principles that will help you do a better job of managing a new company-wide diversi
Vesnalui [34]

Answer:

Managing a Company-wide Diversity Program

1. The statement that effectively illustrates a diversity principle is:

Statement 2

You will be better able to increase the diversity of your workforce if you interview candidates with entry-level experience even though it might be ideal to hire someone with years of experience.

2. You should choose statement ___2______as the more appropriate strategy for managing diversity, since it is an example of__managing high standards_______.

3. The statement that indicates one of the diversity principles discussed during your absence is:

a. Surface-level diversity should not be treated as more important than deep-level diversity.

Explanation:

Workplace diversity is an important current topic.  Diversity encourages productivity, creativity, innovation, and increased customer service.  Diversity ensures that our limited worldviews are expanded to include others who are not, and do not think, like us but are humans created in Love and Mercy, to work with us, to make the world a better place.  In today's workplace, a diverse culture looks beyond the familiar-cultural boundaries to embrace diverse peoples without minding their sex, race, sexual orientations, education, and other human attributes.

4 0
3 years ago
Mr. Gonzalez, the sales manager, told his sales team that he wanted them to write down their work goals for the year. To help hi
lilavasa [31]

To help his team achieve their stated goals, the next thing that he should ask for are each team member’s: Action plan.

<h3>Who are team member?</h3>

Team member are the people who have the same set goals and are expected to work in unity so as to accomplish or achieve their set goals.

Hence,  in order for the team member to  achieve their goals, the next step of action is for him to asked  each team member’s their action plan.

Learn more about team member here:brainly.com/question/4311312

#SPJ1

7 0
2 years ago
Why might prevention costs be referred to as an investment while failure costs might be referred to as true costs
sdas [7]

Answer: Prevention cost is used to protect equipments and assets and as such is an investment.

Explanation:

Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.

Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.

4 0
3 years ago
The Daniel and Kim Lee filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Albert. Car
lapo4ka [179]

Answer:

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4 0
2 years ago
Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return o
myrzilka [38]

Answer:

$1 = 1.372 CD

Explanation:

Spot rate, 1$ = 1.3750  Canadian dollars

Canadian securities annualized return = 6%

U.S. securities annualized return = 6.5%

Term = 6 month ≅(180 days)

Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)

= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)

= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)

= 1.3750 CD * 1.03/1.0325

= 1.371670702179177 CD

= 1.372 CD

So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD

4 0
3 years ago
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