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lisov135 [29]
3 years ago
12

You have a loan outstanding. It requires making three annual payments at the end of the next three years of $3000 each. Your ban

k has offered to allow you to skip making the next two payments in lieu of making one large payment at the end of the loan’s term in three years. If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent between the two forms of payment?
Business
1 answer:
Oksana_A [137]3 years ago
5 0

Answer:

The final payment would be of amount $9000

Explanation:

The keywords of the question state that the bank needs an equal amount of money by both of the payment procedures. Hence, no matter which payment method I choose on the outstanding loan, the bank would need a sum of 3x3000 = $9000

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When we say that the classical model of decision-making specifies how managers should make decisions, this is another way of say
Leya [2.2K]
I would say the if the classical model of decision-making specifies how managers should make typical decisions then I would call this form of decision making prescribed or meaning it is already worked out for typical decisions so that would take the pressure off these managers.
8 0
3 years ago
August 1 M. Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company. August 2 The company pa
Dmitrij [34]

Answer:

Date : August 1

Assets (Cash $8,000 and Equipment $34,400) = Increase $42,400

Liabilities = No Effect

Equity (Capital $42,400)  = Increase $42,400

Date : August 2

Assets (Cash  and Equipment) = $3,300 decrease -cash and $3,300 increase - equipment

Liabilities = No effect

Equity = No Effect

Date : August 5

Assets (Cash  and Supplies) = $1,520  decrease -cash and $1,520  increase - equipment

Liabilities = No effect

Equity = No Effect

Date : August 20

Assets (Cash ) = Increase $2,100

Liabilities = No Effect

Equity (Services Revenue) =  Increase $2,100

Date : August 31

Assets (Cash = Decrease $881

Liabilities = No Effect

Equity (Utilities Expense) = Decrease $881

Explanation:

The accounting equation is stated as : Assets = Equity + Liabilities

Each and every transaction first identify the Accounts affected, then determine which accounts fall within the Asset, Equity or Liabilities category  and the effect thereof to the category.

4 0
3 years ago
The following questions practice these skills:
Nostrana [21]

Answer:

a. If all 307 registered fishermen were to be employed by hotels (in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?

since the opportunity cost is constant, then if all 307 fishermen decided to become hotel workers, then the total number of hotel stays would be (286 tons of fish x 2,000 stays per ton) + 538,000 stays = 1,110,000 stays

b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?

total number of fish caught = (538,000 stays / 2,000 tons per stay) + 286 tons of fish = 555 tons of fish caught

c. attached graph                          

4 0
3 years ago
Shonda wants to open a deli. She is worried that it won't be successful unless
lana [24]

If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.

<h3>What is franchise?</h3>

Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.

Based on the given scenario Shonda forming a franchise type of business because he was given  the rights to use the name and logo of an existing deli company.

Therefore the type of business is Shonda forming is: A. A franchise.

Learn more about franchise here: brainly.com/question/3687222

#SPJ1

3 0
2 years ago
Which of the following best explains
Otrada [13]

Answer:

A

Explanation:

7 0
1 year ago
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