First step, find the monthly payments.
Borrowed amount, P = 210000
Monthly interest, i = 0.045/12
Number of periods, n = 30*12=360
Monthly payment
[to the 1/100 of a cent]
2. Calculate interest accumulated over 60 months
3. Calculate value of payments
to the nearest cent
4. Calculate percentage of interest paid
A. as a fraction of future values
Percentage of interest
=52877.12/71445.50
=74.01%
As a fraction of total amounts paid
Percentage of interest
=52877.12/(60*1064.0392)
=52877.12/63842.35
=82.82%
Answer:
d. Stressing that younger staff members have no problem e-mailing their reports.
Explanation:
Option A - If sales manager provides all the required hardware, software, and training, it can be the best effective way to change other staffs' motives.
Option B - If sales manager explains the importance of electronic submissions, it should be the best way of winning over those who are resist to change.
Option C - If sales manager praises other staff members, those who do not want to change will change their motive and send electronically.
Therefore, all the options A, B, and C are the best effective ways, so, D is the best option which is least likely way to change.
Answer:
The value of materials transferred out is $224,000
Explanation:
The condition for the units for transferred is that they must have been completed 100% with respect to equivalent unit cost,hence the materials transferred out should be valued at full $8.00 per direct material.
The value of materials transferred out=28,000*$8.00
=$224,000
The value of WIP=$8.00*85%*14,400
=$97,920
The closing WIP of $97920 would be the beginning inventory in production next period an would ultimately form part of materials completed and transferred next period.
Answer:
Net Present Value = $660.98
Explanation:
<em>The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite. </em>
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
<em>PV of cash inflow = A× (1- (1+r)^(-n))/r
</em>
A- annul cash inflow, r- 8%, n- 3
PV of cash inflow= 41,000× (1- 1.08^(-3))/0.08
= 105,660.98
Initial cost = 105,000
NPV = 105,660.98 - 105,000
= $ 660.98
Answer and Explanation:
The consequences of given transactions are as follows
a. Revenues rise by $3.2 million as the firm received an order
b. Earnings rise by $1.5 million as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)
c. Receivables rise by $1.80 million as it determines the remaining balance which ultimately increased the receivable balance
d. Inventory declined by $1.7 million as the order is filled which ultimately declines the stock
e. The cash would rise by $1.4 million
= Earnings - receivable + inventory
= $1.5 million - $1.80 million + $1.7 million
= $1.4 million
