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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

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RJ Custom Bike Manufacturing has determined that the demand for the products and services offered by them is less elastic. With
Musya8 [376]

Answer:

Raise the price.

Explanation:

An incremental cost is the difference in total costs as the result of a change in some activity. Incremental cost can said to be differential cost as they may be in-between two alternatives for a certain short-run.

8 0
3 years ago
Selected income statement data follow for Harley Davidson, Inc., for the year ended December 31, 2016 (in thousands): Income bef
Alina [70]

Answer:

D. 35.5

Explanation:

Times Interest Earned

\frac{EBIT}{Interest \:Expense}

Where EBIT = Earning before interest and taxes

In your assingment we have the Income before the income taxes, whgich means it is including the interest expense, we need to remove it:

EBT + Interest expense = EBIT

1,023,911 + 29,670 =1,053,581

Now we calculate the TIE

1,053,581 /  29,670 = 35.50997641 = 35.51 = 35.5

The company earns their interest 35.5 times.

6 0
3 years ago
Managing quality helps build successful strategies of A. ​differentiation, low cost and service. B. ​differentiation, time and r
Liono4ka [1.6K]

Managing quality helps build successful strategies of "​differentiation, low cost and response".

<u>Answer:</u> Option C

<u>Explanation:</u>

The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.

In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.

5 0
3 years ago
The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo
zubka84 [21]

Answer:

The correct answer is ENRON.

Explanation:

Going back to December 2, 2001, is going back to one of the biggest scandals in economic history. That day, the energy company Enron declared bankruptcy. First global energy distributor, invoiced 100,000 million dollars annually.

Jeffrey Skilling, the mind behind accounting, did his last master move badly. Before the bankruptcy they were seen coming, he resigned his position alleging family reasons and sold the shares he had in the company. Four months later came bankruptcy. Supposedly, he didn't know anything about the critical situation of the company. He did not strain.

In 2004 he was charged with about thirty charges, including operating with confidential information, by selling about 60 million dollars in Enron shares before bankruptcy, deceiving the auditor or conspiracy.

7 0
3 years ago
2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this mar
swat32

Companies often set target for themselves.  The reasons why it is difficult for this firm to make money is that;

  • As a result of poor demand for the products
  • It can be also be like due to the power  or prestige gained over the years by the supermarkets is depreciating.
  • This can be due to the small price margin or the price competition from other manufacturers.
  • Losses encountered via the issue of  Private Label
  • Poor marketing and advertisement strategy and poor budget allocation for it.

Kayem Foods is a very popular brand. It is known to be a 4th generation family owned business. It has it headquartered in Chelsea, MA.

It is commonly known in the world to be the biggest processed meat company that is found in New England.  They are based on natural casing, fully cooked and fresh sausage etc.

Learn more about Food from

brainly.com/question/25884013

3 0
3 years ago
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