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dmitriy555 [2]
3 years ago
10

You just received a loan offer from friendly loans. the company is offering you $5,000 at 9.3 percent interest. the monthly paym

ent is only $100. if you accept this offer, how long will it take you to pay off the loan? 5.84 years 5.29 years 6.80 years 6.33 years 7.59 years
Business
1 answer:
lisabon 2012 [21]3 years ago
4 0
EMI= (P*R*(1+R)^N)/((1+R)N-1)

<span>P= Loan amount= 5000<span>Rate=9.3%= 9.3/12 = .775%  = .00775<span>Time= xEMI= 100 <span>EMI= (P*R*(1+R)^N)/((1+R)N-1)<span>100 = 5000*.00775(1.00775)x / 1.00775x-1</span>N= 63.5 months= 5.29 years</span></span></span></span>
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If an organizational capability or resource is valuable and unique, but it is easy to imitate: A. It cannot be a source of compe
MaRussiya [10]

Answer:

<h2>In this case,the answer would be option D. or It can be a source of competitive advantage for a period of time.</h2>

Explanation:

  • In Production Economics,any organizational input in the production process can provide competitive advantage to any firm or company for a sustainable period of time only if it provides commercial or economic value to the firm or company,it is unique and it cannot be completely imitable or substituted through other equivalent resource/s by other market competitors.
  • Therefore,if any organization resource or input is easily imitated then it cannot ensure long term or sustainable competitive advantage for any firm or company in the market.
  • However,it can provide some temporary market advantage or competitive edge to any particular firm or company until the time it is fully imitated and implemented by its competitors or rivals.
3 0
3 years ago
Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,540 per month plus $45 per boat. For the month of
dusya [7]

Answer:

The activity variance for cleaning equipment and supplies in April would be closest to = -$225

Explanation:

Cost formula for cleaning equipment and supplies = $2,540 + $45 per boat

Since the actual level of activity is 11 boats the budgeted costs for 11 boats will be $2,540 + $45*11 = $3,035

Actual costs for the 11 boats = $3,260

Activity variance = Budgeted - Actual activity cost = $3,035 - $3,260

= -$225

Since the actual cost of activity is more than budgeted cost of activity, the activity variance is unfavorable and closest to -$225.

8 0
3 years ago
Corristan Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes 1,200 Insurance during transit 20
galben [10]

Answer:

$25,400.

Explanation:

International Accounting Standard 16 states that any Property, Plant, and Equipment should be initially recognized at a cost that includes all the costs that are necessary to bring the asset to its working condition. Example of such costs include:

- Purchase Price.

- Delivery Charges.

- Sales Taxes Paid, if any.

- Deduct Discounts, if any.

- Installation Costs.

- Dismantling Cost.

- Any other Directly Attributable Costs.

The standard further states that any periodic cost should be written-off to Profit or Loss as incurred. Such costs include Maintenance Costs. These are the costs that are not necessary to bring the asset to its intended use.

So in this case, the cost that should be capitalized is $25,400 (24,000 + 1,200 + 200).

Note: The insurance costs of $400 has been capitalized because it was incurred for Transit Purposes and before the asset was prepared for use.

5 0
3 years ago
Lolly, Lolly, Lollypop is a candy manufacturer building its brand nationally. In addition to advertising, the company is careful
Triss [41]

Answer:

C

Explanation:

Brand promotion passes a message through various aspects

4 0
3 years ago
The numerator in the calculation of the ratio of liabilities to stockholders' equity is a.Total Assets. b.Total Stockholders' Eq
xxMikexx [17]

Explanation:

a.Total Assets

The numerator in the calculation of the ratio of liabilities to stockholders' equity is Total Assets

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