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
siniylev [52]
3 years ago
12

You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like

you to make annual payments for 4 years, with the first payment to be made one year from today. He requires a 8% annual return. What will be your annual loan payments? Round your answer to the nearest cent. Do not round intermediate calculations
Business
1 answer:
Serga [27]3 years ago
4 0

Answer:

The annualy payment for theamortized loan is $6,802.44

Explanation:

First we will find the total loan payment TP for the $20,000 borrowed over the next four years with a annual return of 8%:

TP = $20,000 *(1+8%)^4

TP = $20,000 *(1.08)^4

TP = $20,000 *1.3605 = $27,209.7

The annual payments AN is obtained by dividing the TP into the 4 years:

AN  = $27,209.7 / 4 = $6,802.44

You might be interested in
A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to
ruslelena [56]

Answer:

A 6,500

Explanation:

The number of units to be sold is calculated as;

= (Pretax income + Fixed costs) ÷ Contribution margin

Given that;

Pretax income = $35,000

Fixed costs = $420,000

Contribution margin

= Selling price per unit - Variable cost per unit

= $200 - $130

= $70

= ($35,000 + $420,000) ÷ $70

= 6,500 units

6 0
2 years ago
______ are typically a function of the performance of the organization and are less dependent on the perceived performance of th
iragen [17]

Answer:

A. Bonuses

Explanation:

A bonus is a type of compensatory amount given to the employees as a form of appreciation. The performance of the employees are considered and the bonus is provided to them based on their contribution. These are mainly provided on special occasions, especially when a sound revenue is generated in the company. Giving a bonus to the employees helps in building a bond among the employee and the company.

7 0
3 years ago
What is the impact on the total asset turnover ratio if sales increase significantly while there is no change in any of the othe
Ostrovityanka [42]

Answer:

The total turnover increases

Explanation:

Asset Turnover Ratio is a measure of how efficient the assets of a company is when compared with the company's sales or revenue. To calculate Asset turnover ration, the<u> net sales is set as a percentage of the company's total assets. </u>

The higher the turnover of the asset based on the calculation then the higher the chances that organisation is generating revenue efficiently from its assets.  A lower turnover however is the implication that the company is not efficiently using its assets and it could imply some internal issues.

Therefore, the higher the sales without any change in assets means the Asset Turnover will increase or be higher and it will indicate higher efficiency

4 0
2 years ago
Select all of the true statements regarding Gary Hamel's thoughts on management:
SIZIF [17.4K]

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

7 0
3 years ago
A large corporation that has its headquarters in Boston, manufacturing plants in Indonesia, and regional offices and retail stor
Alla [95]
Multinational company
6 0
3 years ago
Other questions:
  • A ten-year comparison between Brazilian and Canadian crops showed that Brazilian yields are 68% of Canadian yields when compared
    13·2 answers
  • A cut in taxes _____, shifting the aggregate demand curve to the _____. increases corporate profits and investment; left increas
    9·1 answer
  • An example of business-to-business sales is selling ________.
    7·1 answer
  • All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's an
    11·1 answer
  • Coolidge Company owes $1,000 for merchandise inventory purchased from Ross Company during April. The amount owed is now past-due
    6·1 answer
  • Ano naman ang sa mga anak ang mapapangako sa magulang?​
    12·2 answers
  • Paradise Travels is an all-equity firm that has 9,000 shares of stock outstanding at a market price of $27 a share. Management h
    6·1 answer
  • Identifying Job Application Tools
    9·2 answers
  • Monique has held several different positions while attending high school. She has worked in retail sales, as a server at a resta
    13·1 answer
  • The invisible hand refers to the Multiple Choice fact that the U.S. tax system redistributes income from rich to poor. fact that
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!