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Neko [114]
3 years ago
12

Aggie Company is going to trade-in an old piece of equipment for new equipment.

Business
1 answer:
Setler79 [48]3 years ago
6 0

Answer:

Option C,$2,997 is the correct answer.

Explanation:

The amount to be paid  in quarterly installments over a 5 year period is the list price less the down payment and the trade-in value of $10,000 as shown below.

list price                $65,000

down-payment    ($6,000)

trade-in-value      ($10,000)

balance                $49,000

The quarterly installment can be computed using the pmt formula in excel as follows:

=pmt(rate,nper,-pv,fv)

rate is the quarterly interest rate of 8%/4=2%

nper is the number of quarterly installments which is 4*5=20

pv is the present value of the amount to be paid in installments which is $49000

fv is the future value ,it is not unknown,hence it is zero

=pmt(2%,20,-49,000,0)

=$2,996.68  

approx.$$2,997

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If accounts receivable turnover (credit sales/receivables) was 7.1 times last year compared to only 5.6 times in the current yea
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Phillip​ Witt, president of Witt Input​ Devices, wishes to create a portfolio of local suppliers for his new line of keyboards.
kirill115 [55]

Answer:

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Is necessary to consider different amount of suppliers and evaluate the cost. We will choose the number of suppliers which offers a lower cost.

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Based on the EMV value, the best choice is to use Two suppliers

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