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Liono4ka [1.6K]
2 years ago
9

New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi

ng company that charges 6.25% per year compounded quarterly for 6 years. How much are their quarterly payments?
Present Value with compound interest
Future V alue of an Annuity
Present V alue of an Annuity
Amortization
Sinking Fund

a. $578.41
b. $524.94
c. $503.78
d. $612.94
e. $486.78
Business
1 answer:
LiRa [457]2 years ago
4 0

Answer:

b. $524.94

Explanation:

We need to solve for the PTM of a 6 year annuity with quarterly payment discount for 6.25% compounding quarterly as well:

PV \div \frac{1-(1+r)^{-time} }{rate} = PTM\\

PV $10,438.8800

time 24 (6 years x 4 quarter per year)

rate 0.015625 8 ( 0.0625 / 4 )

The payment every quarter will be for:

10438.88 \div \frac{1-(1+0.015625)^{-24} }{0.015625} = PTM\\

PTM  $ 524.942

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Answer:

a) real GDP =$20,000,000

b)velocity of money is 2.50

Explanation:

Nominal GDP is normal spending carried out in terms of dollars.

Nominal GDP is the product of real GDP and price level

Nominal GDP= real GDP*Price level

Given the nominal GDP=$25 million and the price level =1.25 then,

$25000000=real GDP *1.25

$25000000/1.25 = real GDP

$20000000= real GDP

Apply the quantity equation in economics which is;

money supply*velocity of money =price level * real GDP

Given the money supply is=$10,000,000 then,

velocity of money = (price level*real GDP)/money supply

velocity of money = (1.25*20,000,000)/10,000,000

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4 0
3 years ago
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Answer:

The 1st ratio examines debt by observing at the company's balance sheet, whereas the other two ratios examine debt by observing at the company's income statement. Thus, debt-to-total-assets ratio processes the %age of assets delivered by debt in order to fund total assets. The computed equation will be: (Total long term debt + Total short term debt) / Total assets). The high debt ratios that overdo the business average might create it expensive for a company to borrow the extra funds without initial raising for more equity. The period’s interest received ratio processes the degree to which the income can fall before the company is incapable to meet its yearly interest expense expenditures. However, the computed equation is EBIT / total interest payable: EBIT is used as the numerator as it is funded with pretax dollars.  The company’s capability to pay will not be affected by the taxes. The EBITDA analysis ratio is EBITDA / total interest: This proportion is more comprehensive than the TIE proportion because it identifies that depreciation and payback are not expenses, so these aggregates are accessible to service debt, and lease expenses and principal refunds are fixed expenses.

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(A) If variances are prorated at the end of the accounting period, an unfavorable direct materials price variance will, when pro
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Answer:

Both A and B are correct.

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Variance analysis help the business to identify the deviation from their budgeted expenditures. The budget cost or volume is analyzed against the actual expenditure or production volume. Variance can be favorable or unfavorable. An unfavorable material price variance will increase the cost of finished goods.

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Answer:

The correct option is C

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Secondary data is the kind of data, where the data or the information is collected through or using someone other than the user. And the sources of the secondary data are or involve information as well as censuses collected through organizational records, departments of government and data or information which originally collected from other research purposes.

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Which of the following is not one of the four basic forms of organizational structure?
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Dafuq is this dumb site. This is some bull the verified answers where always wrong like dafuq is the point.


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