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
shtirl [24]
3 years ago
6

A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. The present value of an annuity fa

ctor for 6 years at 7% is 4.7665. The present value of a single sum factor for 6 years at 7% is 0.6663. The annual payments equal: Multiple Choice $26,652.00. $8,391.90. $40,000.00. $60,033.02. $190,660.00.
Business
1 answer:
Nat2105 [25]3 years ago
5 0

Answer: $8,391.90

Explanation:

So the company borrowed $40,000 from a bank.

They are to pay 7% interest on the note per year for 6 years.

We are to find the annual payments.

7% represents a constant payment schedule per year so we can use an Annuity formula.

Seeing as the Annuity factor has been calculated for us already we don't need to formula though.

The present value of an annuity factor for 6 years at 7% is 4.7665.

Calculating the present value of the annual payment can be done as follows,

= Amount / PVIFA (Present Value Interest Factor for an Annuity)

= 40,000/4.7665

= 8391.90181475

= $8,391.90

The annual payments equal $8,391.90.

You might be interested in
The faculty of a Midwestern business school is comprised of 33 males and 4 females. The past five candidates hired have all been
Kruka [31]

Answer:

The correct answer is letter "D": gender.

Explanation:

Diversity at the workplace refers to the different ages, gender, races, languages, ethnicity, or country of origin of the employees of an organization. Firms can take advantage of the diverse backgrounds of their workers which eventually represents part of the corporation's culture.

Thus, <em>Midwestern business school is facing a gender issue since there are 33 males but 4 females only at work and in the five past screenings the candidates hired were male-only. More females must be hired to balance the gender disequilibrium.</em>

6 0
3 years ago
The process of developing and executing strategies and tactics to market and sell a product or service to a very specific target
oee [108]

Answer:

Micromarketing

Explanation:

Micromarketing consists of the maneuver of marketing levers aimed at modifying, increasing and influencing the buying behavior of the consumer in the store. The aim is to increase customer acquisition, retention, extention levels by providing a reward (benefit) or by simply direct marketing for information purposes only.  In general, it is  for very specific segment or target in order to develop or execute the strategies to do in the market.

By acquisition we mean the ability of the retail seller to acquire a new share of customers.

By retention is meant the ability to maintain this share of customers permanently over time.

By extention instead we indicate the increase in the quantities / volumes purchased at the retailer by the same consumers.

Micromarketing is therefore a sort of "micronization" of the marketing levers traditionally used. Consumer loyalty (store loyalty) is one of the main objectives, but there are also others that can be pursued equally, such as increasing the frequency of purchase of certain products, changing the composition of the receipt by stimulating category switching (exchange category) etc. It is also possible to support integrated marketing initiatives with the industry (think of a reward that stimulates the purchase of one product rather than another, of a specific brand rather than another, etc.).

4 0
3 years ago
Tamarisk Corporation purchased a truck by issuing an $118,400, 4-year, zero-interest-bearing note to Equinox Inc. The market rat
lianna [129]

Answer:

Dr. Truck                $80,869

CR. Note Payable $80,869

Explanation:

Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.

Now calculate the present value of the Note.

PV of Zero coupon bond = FV / ( 1 + r )^n

Where

FV = FV maturity value of the note = $118,400

r = Interest rate = 10%

n=  numbers of period = 4 years

Placing Values in the formula

PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4

PV of Zero coupon bond = $80,869

5 0
3 years ago
Jit is a ______________ system.<br> a. push<br> b. pareto's law<br> c. mrp<br> d. pull
olga55 [171]
D maybe hope this helps

5 0
3 years ago
Steven watched the island get bigger as they approached. Now he could see buildings and roads. He saw that they were approaching
SVETLANKA909090 [29]
The answer would be a
7 0
2 years ago
Read 2 more answers
Other questions:
  • Which of the following is not a valid FICO credit score? A.575 B.775 C.875 D.675
    13·2 answers
  • Cyclical unemployment is the fluctuating unemployment over the business cycle that increases during​ _____ and decreases during​
    13·2 answers
  • Someone who invests in the Vanguard Index 500 mutual fund could most accurately be described as using which approach?A. Active m
    6·1 answer
  • Workers describe me as realistic
    10·2 answers
  • In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when
    12·1 answer
  • Universal Containers has three types of releases in their release management strategy: daily, minor(monthly),and major(quarterly
    8·1 answer
  • Safefen, a safety assurance and standards association in the country of Eilenst, made it mandatory for all the toy manufacturers
    15·1 answer
  • When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his
    15·1 answer
  • Question 1 of 20
    5·1 answer
  • If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that ther
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!