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hammer [34]
3 years ago
10

After graduating this May, Dale is planning on buying a new Ferrari for $250,000. He decides to finance his new car with a 5 yea

r loan from Citibank with a 12% interest rate. His annual payment is $48,986. What will Dale's principal payment be at the end of the first year? Group of answer choices a) $5879 b) $10000 c) $18986 d) $50000.
Business
1 answer:
jek_recluse [69]3 years ago
3 0

Answer:

c) $18,986

Explanation:

The computation of the payment of principal is shown below:

= Annual payment - (Balance of Principal × interest rate)

= $48,986 - ($250,000 × 12%)

= $48,986 - $30,000

= $18,986

We do not consider the time period. Hence, we ignored it as it is not relevant for the computation part.

We simply multiply the principal balance with the interest rate and then deduct it from the annual payment.

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A pharmaceutical giant acquires a manufacturer of rare specialty drugs to improve its falling share prices and invests all its w
Romashka-Z-Leto [24]

Answer:

It is a winning strategy.

Explanation:

As a result of joint venture, after all the ups and downs, the company is in a strong financial position, as company is producing good profits. Also the company has great market position.

Once a great market position, the influence is spread in the market.

Further, in the given instance the company has failed to acquire the manufacturing company individually, but with joint venture, the company has now established connections not only in pharma sector but also in automobiles.

These things affect the company's position and then influence the market, attracting more customers for the product, and more investors for investment.

Therefore, it is a winning strategy.

6 0
3 years ago
Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
hichkok12 [17]

Answer:

g(x) = 2 + \sqrt x

<em>Translate the parent function, 2 units upward</em>

Step-by-step explanation:

Given

f(x) = \sqrt x

See attachment for the graph

 

Required  

Determine the change in f(x) that gives the dashed line

Let the dash line be represented with g(x)

From the attachment, there is only one transformation from f(x) to the g(x).

When f(x) is translated 2 units vertically upwards , it gives g(x); the dash line.

If

f(x) = \sqrt x

Then g(x) is:

g(x) = 2 + f(x)

g(x) = 2 + \sqrt x  

5 0
3 years ago
Sedona Inc. is an American firm that manufactures high-quality handbags, duffel bags, and leather belts at its facility in Arizo
wel

Answer:

D. Sedona serves a narrow spectrum of customers and has a product line that uses similar technology.

6 0
4 years ago
Which value gap refers to a company’s failure to accurately assess what customers really want?
fiasKO [112]

Answer:

The correct answer is: Service Quality Gap.

Explanation:

The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.

5 0
3 years ago
Natasha had a $922. 93 balance on her credit card at the beginning of September. Her credit card has an APR of 9. 89%, compounde
lapo4ka [179]

Answer:

I think the answer is C but i'm not sure

5 0
3 years ago
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