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kolbaska11 [484]
3 years ago
8

You are thinking about buying a piece of art that costs $ 20 comma 000. The art dealer is proposing the following​ deal: He will

lend you the​ money, and you will repay the loan by making the same payment every two years for the next 30 years​ (i.e., a total of 15 ​payments). If the interest rate is 7 % per​ year, how much will you have to pay every two​ years?
Business
1 answer:
Irina-Kira [14]3 years ago
3 0

Answer:

Explanation:

This is an annuity question. You can solve this using a financial calculator with the following inputs;

Present value ; PV = -20,000

Duration; N = 15 payments

2 year interest rate; I = [(1.07)^2 ] -1 = 14.49%

One-time future cashflow; FV = 0

Then compute recurring payment ; CPT PMT = $3,336.28

Therefore, you'll pay $3,336.28 every 2 years

You might be interested in
At the beginning of a year, a company predicts total direct materials costs of $1,020,000 and total overhead costs of $1,220,000
Dima020 [189]

Answer:

Predetermined manufacturing overhead rate= $1.961 per direct material dollar

Explanation:

Giving the following information:

At the beginning of a year, a company predicts total direct materials costs of $1,020,000 and total overhead costs of $1,220,000.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,220,000/1,020,000

Predetermined manufacturing overhead rate= $1.961 per direct material dollar

5 0
2 years ago
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos
musickatia [10]

Answer: $2500

Explanation:

From the question,

Average variable cost(AVC) = $50

Average total cost (ATC) = $75

Output (Q) = 100

Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:

AFC = ATC - AVC

AFC = $75 - $50

AFC = $25

We should note that:

AFC = TFC / Q

TFC = AFC × Q

TFC = $25 × 100

TFC = $2500

Therefore, total fixed cost is $2500

5 0
3 years ago
The slope of the production possibility frontier is determined by the _____ of expanding production of one good, measured by how
Ket [755]

Answer:

The correct answer is the opportunity cost of producing a good.

Explanation:

The production possibility curve or frontier shows all the different bundles of two goods that can be produced using the given resources.

The opportunity cost of a good is the amount of other good sacrificed to produce this one.

The slope of production possibility curve represents the opportunity cost of producing a good.

8 0
3 years ago
In the short-run, fixed costs __________ with quantity produced. variable costs _________ with quantity produced.
Anvisha [2.4K]

In the short-run, fixed costs<u> all</u> with the quantity produced. Variable costs<u> at least some</u> with the quantity produced.

A Variable cost is a corporate price that changes in share to how plenty an employer produces or sells. Variable charges grow or decrease depending on an enterprise's manufacturing or income extent—they rise as manufacturing will increase and fall as production decreases.

Variable costs are charges that trade as the volume changes. Examples of variable costs are raw substances, piece-price labor, manufacturing resources, commissions, transport charges, packaging resources, and credit card expenses. In some accounting statements, the Variable costs of manufacturing are called the “fee of goods offered.”

Variable costs are prices that trade as the quantity of the good or carrier that a commercial enterprise produces modifications. Variable charges are the sum of marginal fees over all devices produced. They also can be taken into consideration in everyday expenses. Fixed charges and variable expenses make up the 2 components of general value.

Learn  more about Variable costs here brainly.com/question/5965421

#SPJ4

3 0
1 year ago
Nikola, a salesperson at a cosmetic firm, gives a sales presentation to Jarvis. When she begins her sales presentation, Jarvis a
hammer [34]

Answer:

D. The halo effect

Explanation:

Bias occurs when an individual lacks objectivity and impartiality in making decisions. There are various kinds of bias. However, in this scenario, the bias associated with here is the halo effect. The halo effect is a form of bias in which an individual opinion or feel concerning an individual or an event is influenced by the impression the individual gets from the other individual or event. It is when an overall judgement is made on an individual based on some specific characteristics or traits of the person. In this case, because of the polite and nice characteristics of the salesperson, Jarvis assumes that she's an effective salesperson. Of which those characteristics has nothing to do with effectiveness in sales.

5 0
3 years ago
Read 2 more answers
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