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Bess [88]
3 years ago
13

Bodine Electric, based in Des Moines, Iowa, USA, makes gear motors with a three-stage, selectivelyhardened gearing cluster that

is permanently lubricated. If the company borrows $20 million for a new distribution facility in Europe, how much must it pay back each year to repay the loan in six equal annual payments at an interest rate of 10% per year?
Business
1 answer:
alisha [4.7K]3 years ago
8 0

The amount that is to be paid per year by the company is $3,66,666.66 to repay the loan.

<u>Explanation:</u>

Loan that is taken by a business organisation or by a company from some other party or from a bank may be to meet the requirements to keep the company or the organisation in the running and keep the working going on.

The loan that is to be paid by the Bodine electric is to be paid in six installments, so each year some amount is to be paid by the company to repay it's loan in equal amounts. Since there is interest also to be applied on the principal amount, then that is also to be added to the principal amount while paying each year.

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What does the release of earnings announcements
Varvara68 [4.7K]

The release of earnings announcements and economic indicators are similar because c) both are estimated in advance by analysts.

<h3>Why are earnings announcements analyzed?</h3>

Earnings announcements help determine the value of a company and so they are analysed to help people decide if they can invest and make a capital gain.

Economic indicators are also analyzed with the goal being to predict where the economy is going and what to do about it.

The full question and options are:

What does the release of earnings announcements have in common with the release of economic indicators?

a) Both are typically released on a quarterly basis.

b) both are typically published by corporations

c) both are estimated in advance by analysts

Find out more on economic indicators at brainly.com/question/903754.

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3 0
2 years ago
Maroon company's contribution margin ratio is 24%. total fixed costs are $84,000. what is maroon's break-even point in sales dol
Alla [95]
Fixed costs = $84,000
Contribution margin ratio = 24%

To find the break-even point in sales dollars:
Break-even in sales = Fixed costs/contribution margin ratio
Break-even in sales = 84,000/0.24
Break-even in sales = $350,000
5 0
4 years ago
Read 2 more answers
A farm is currently producing at point C on this curve.
lord [1]

Answer:

the farm would face trade offs in production of apples or oranges

Explanation:

i have a brain and I used it

8 0
4 years ago
Why is brainly such a stupid app? Why did I have to get my email address? Why is my question not popping up? Where's the answer?
skelet666 [1.2K]

why are you so weaird

7 0
3 years ago
Read 2 more answers
Joseph contributed $25,000 in cash and equipment with a tax basis of $6,400 and a fair market value of $12,600 to Berry Hill Par
kifflom [539]

Answer:

(A) $31,400

(B) $6,400

Explanation:

Joseph contributed $25,000 in cash and equipment

The tax basis is $6,400

The fair market value paid to Bill hill partnership is $12,600

(A) Joseph tax basis in his partnership interest can be calculated as follows

= contribution+tax basis

= $25,000+$6,400

= $31,400

(B) Since Joseph contributed a tax basis of $6,400 to Bill hill partnership in exchange for a partnership interest then, Bill hill's basis in the equipment is $6,400

8 0
3 years ago
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