1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrej [43]
3 years ago
12

A homeowner has a ten‑year home-improvement loan for $36,875. What are the annual payments required by the loan if the annual ra

te of interest is 4 percent

Business
1 answer:
neonofarm [45]3 years ago
4 0

Answer:

$4,546.35

Explanation:

We use the PMT formula that is to be presented in the attachment. kindly find out below:

Provided that,  

Present value = $36,875

Future value or Face value = $0

Rate = 4%

NPER = 10 years

The formula is shown below:  

= -PMT(Rate;NPER;PV;FV;type)  

So, after solving this, the annual payment required is $4,546.35

You might be interested in
The key to managing relationships to achieve customer success is __________________?
shtirl [24]

The key to managing relationships to achieve customer success is <u>to </u><u>coordinate your unique talents</u><u> with the</u><u> success criteria</u><u> of your clients.</u>

<h3>What is customer success?</h3>

Customer Success is a long-term, professionally managed, scientifically developed business strategy for increasing customer and business sustainable demonstrated profitability.

A solution to the fundamental problems of customer portfolio development, retention, and expansion is what the developing role is all about. Customer Success is actually the merging of the roles and responsibilities of marketing, sales, professional services, training, and support into a new career. An in-depth understanding of the clients, practical skills in the product being sold, and broad domain knowledge are the three fundamental components of this rising profession.

Sustainable business profitability and growth are the ultimate strategic objectives of the Customer Success function. Making your clients as profitable and productive as you can is the strategy.

Thus,<u> </u><u>Option c)</u><u> To align your distinctive competencies with customers' success factors </u>is the correct answer.

For more information on Customer Success, refer to the given link:

brainly.com/question/28218612

#SPJ4

4 0
2 years ago
The marketing department of a reputable firm wants to improve strategic decision making, track the actions of other players in t
Snowcat [4.5K]

Answer:

The answer is C. competitive marketing intelligence

Explanation:

Competitive marketing intelligence may be a powerful research-based method employed by a company to collect, analyze, and use information collected on competitors, economic conditions, customers etc to a achieve business's competitive advantage.

The information-gathering analysis process can help a corporation develop its strategy or identify competitive gaps. It identifies threats and opportunities within the business

3 0
3 years ago
Determine proper classification (LO11-1) Analysis of an income statement, balance sheet, and additional information from the acc
alexandr402 [8]

Answer:

Patent-investing activity

depreciation expense-operating activity

issuance of note payable-financing activity

Increase in inventory-operating activity

Explanation:

The purchase of patent as intangible asset is reported as an investing activity item as an outflow of cash from the business.

Depreciation expense is meant to added to net income  in arriving at the net cash flows from operating activities

Issuance of a note payable is a financing item under the financing activities' segment of the cash flow as an inflow.

Increase in inventory is increase in net working capital which is deducted as an operating activity item .

7 0
3 years ago
Read 2 more answers
A company pays an employee $3,000 for a five-day work week, monday–friday. the adjusting entry on december 31, which is a wednes
GREYUIT [131]

Answer: True

Explanation:

From the question, we are told that a company pays an employee $3,000 for a five-day work week from Monday to Friday. This means that the employee receives a daily payment of ($3,000/5) = $600.

On Wednesday which is the third day, he will be paid ($600 × 3) = $1800. Therefore , the adjusting entry on December 31, which falls on a Wednesday will be to debit the wages expense, $1,800, and then credit to wages payable of $1,800.

5 0
3 years ago
n May 5, 2013, Jill purchased equipment for $40,000 to be used in her business. She did not elect to expense the equipment under
kolbaska11 [484]

Answer:

$1,784

Explanation:

Cost recovery shall be worked out=$40,000*8.92%=$3,568*1/2=$1,784

The cost recovery can only be claimed on assets having useful life more than one year in income tax return. The said deduction can be claimed through form 4562 and the same will be attached in annual income tax return proforma.

4 0
3 years ago
Other questions:
  • Recommend ways to deal with a indecisivein a workplace
    10·1 answer
  • Moss County Bank agrees to lend the Oriole Company $560000 on January 1. Oriole Company signs a $560000, 6%, 9-month note. What
    14·1 answer
  • Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?
    8·1 answer
  • "Which statements are TRUE about IO tranches? I When interest rates rise, the price of the tranche falls II When interest rates
    11·1 answer
  • Advertisements that feature promotions such as buy-one-get-one-free offers essentially signal that customers will get value in s
    14·1 answer
  • Elasticity is a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the alloc
    12·1 answer
  • Carlos works as a tutor for an hour and as a waiter for an hour. This month, he worked a combined total of hours at his two jobs
    8·1 answer
  • The _______ system gives both producers and consumers important information they use in making decisions about how to allocate t
    12·2 answers
  • Which of these people is most likely a freelancer?
    11·2 answers
  • What economic goals does centrally planned economy address?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!