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3 years ago

Which statement defines equilibrium in a graph showing demand and Supply curves?

1 answer:

5 0

On a graph that shows supply and demand curves, <u>equilibrium is the single point where the two curves meet</u> (aka are <em>equal</em>).

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A sum of K3,000 is borrowed for 2 years at the reducing balance interest rate of 12% p.a. compounded every two-monthly.

kobusy [5.1K]

a) The full loan repayment schedule for the two years is as follows:

<h3>Loan Repayment Schedule:</h3>

Period PV PMT Interest FV

1 $3,000.00 $283.68 $60.00 $2,776.32

2 $2,776.32 $283.68 $55.53 $2,548.17

3 $2,548.17 $283.68 $50.96 $2,315.45

4 $2,315.45 $283.68 $46.31 $2,078.08

5 $2,078.08 $283.68 $41.56 $1,835.97

6 $1,835.97 $283.68 $36.72 $1,589.01

Year #1 end

7 $1,589.01 $283.68 $31.78 $1,337.11

8 $1,337.11 $283.68 $26.74 $1,080.17

9 $1,080.17 $283.68 $21.60 $818.10

10 $818.10 $283.68 $16.36 $550.78

11 $550.78 $283.68 $11.02 $278.12

12 $278.12 $283.68 $5.56 $0.00

Year #2 end

b) The balance of the loan at the end of the seventh repayment period is <u>$1,337.11</u>.

c) The total interest paid for this loan is <u>$404.16</u>.

d) If the borrower decides to terminate the loan after the first year, the termination payment should be <u>$1,589.01</u>.

<h3>Data and Calculations:</h3>

N (# of periods) = 12 months (2 x 6)

I/Y (Interest per year) = 12%

PV (Present Value) = K3000

FV (Future Value) = K0

<u>Results</u>:

PMT every two months = $283.68

Sum of all periodic payments = $3,404.16 ($283.68 x 12)

Total Interest = $404.16

Learn more about loan repayment schedules at brainly.com/question/24576997

#SPJ1

4 0

1 year ago

Bryant Company has a factory machine with a book value of $85,700 and a remaining useful life of 7 years. It can be sold for $25

artcher [175]

Answer: i don’t remember this that well but i think u have to add the two numbers

Explanation:

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3 years ago

Tablet Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and

Mrac [35]

Answer:

Please find solutions in the attached images

Explanation:

I have attached images of my journal entry solutions to this question as required.

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3 years ago

Worldwide Wholesalers, Inc. has decided that instead of having its employees manage its raw materials inventory, it will pay i

Anastasy [175]

Answer:

Worldwide Wholesalers, Inc. has decided that instead of having its employees manage its raw materials inventory, it will pay its suppliers to store and deliver the products as needed. What action has Worldwide taken?

A. Operations control

B. Outsourcing

C. Value-added analysis

D. Business process re-engineering

E. Quality control

Answer: B

Explanation:

Outsourcing is the business practice of contracting a gathering outside an organization to perform benefits and make products that generally were acted in-house by the organization's own workers and staff. Outsourcing is a training for the most part attempted by organizations as a cost-cutting measure. In that capacity, it can influence a wide scope of employments, going from client care to assembling to the back office. Outsourcing can assist organizations with decreasing work costs fundamentally. At the point when an organization utilizes outsourcing, it enrolls the assistance of outside associations not partnered with the organization to finish certain errands. The outside associations normally set up various remuneration structures with their representatives than the outsourcing organization, empowering them to finish the work for less cash. This at last empowers the organization that decided to redistribute to bring down its work costs.

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3 years ago

Complete the following sentence about margins and alignment with the best choices. Business letters and memos usually have margi

Dovator [93]

Answer:

The answer is 1 to 1 1/4

Explanation:

The side, top and bottom limits are supposed to be 1 to 1 1/4 inches means the general default settings in programs such as Microsoft Word. One-page letters and memos should be vertically centered. Business letter writing margins should be about 1" all around.

4 0

3 years ago

Which statement defines equilibrium in a graph showing demand and Supply curves? ​

Which statement defines equilibrium in a graph showing demand and Supply curves?