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siniylev [52]
4 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]4 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

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________ typically includes information on the customers served, why the company exists, what the company does, the value receiv
denpristay [2]

Answer:

C. Mission

Explanation:

The Mission of a company states its reason to exist, what is does, how it provides or adds value to the markets, and what methods are used to produce the goods and/or services that the company offers.

The Mission is very important for a company because it is the general guideline that leads the organization in its daily operations. This is why the responsability of carrying out the mission falls under the CEO, the maximum administrative authority in a firm.

3 0
3 years ago
Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned
julsineya [31]

Answer:

C) 3.09 years

Explanation:

Calculation for How long has she owned this land

Using financial calculator to calculated the number of years

I/Y = -1.5%

Present value=PV = -$67,900

PMT = 0

Fair value=FV = 64,800

First step is to Press CPT and then N, which will gives us 3.09 years

Therefore has she to owned this land for 3.09 years.

4 0
3 years ago
Logistics Solutions provides order fulfillment services for dot merchants. The company maintains warehouses that stock items car
denis23 [38]

Answer:

1. 4,200

2. $12,810

3. -$3,090 Unfavorable

4. a. $265 Favorable

b. -$3,355 Unfavorable

Explanation:

The computation of given question is shown below:-

1. Standard labor-hours

Standard labor-hours = Shipped items × Direct labor-hours

= 140,000 × 0.03

= 4,200

2. Standard variable overhead cost allowed

Standard variable overhead cost allowed = Standard variable Overhead rate per hour × Standard labor-hours

= $3.05 × 4,200

= $12,810

3. Variable overhead spending variance

Variable overhead spending variance = Standard variable overhead for actual output - Actual variable Overhead

= $12,810 - $15,900

= -$3,090 Unfavorable

4. a. Variable overhead rate variance

Variable overhead rate variance = (Actual hours × Standard rate per hour) - Actual variable Overhead

= (5,300 × $3.05) - $15,900

= $16,165 - $15,900

= $265 Favorable

b. Variable overhead efficiency variance

Variable overhead efficiency variance = Standard rate per hour × (Standard hours - Actual hours)

= $3.05 × ( 4,200 - 5,300)

= $3.05 × -$1,100

= -$3,355 Unfavorable

4 0
3 years ago
Helen, a principal real estate broker, received a $5,000 check as a deposit with an offer to purchase on Monday. There was no st
Sphinxa [80]

Answer:

According to Oregon's administrative rules for real estate brokers, Helen has three business days to deposit the $5,000 check she received as deposit for the purchase offer.

She can deposit the check in her client's trust account or in a neutral escrow depository.

She has to decide on which account she will deposit the check by Thursday (end of the third business day deadline).

4 0
4 years ago
Describe why most countries are described as having a mixed economy​
Tamiku [17]

Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

8 0
3 years ago
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