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ELEN [110]
3 years ago
6

g You are considering the purchase of an industrial printer for your business. The salesman states that you can purchase the pri

nter today for $92,000 or pay nothing today and make monthly installment payments of $1,910 for 5 years. Your company's current financing rate is 7.00% annually. What is the present value of the monthly payment plan and which payment option should you choose

Business
1 answer:
IrinaVladis [17]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

First we have to find the present value based on monthly payment i.e. to be determined by using the present value formula and the same is to be shown in the attachment

Given that,  

Future value = $0

Rate of interest = 7%  ÷ 12 months = 0.58333%

NPER = 5 years × 12 months = 60 months  

PMT = $1,910

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $96,458.90

As it can be seen than the lumpsum amount i.e. $92,000 is less than the monthly payment present value so here the lumpsum option should be chosen.

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Na Li is a South Asian immigrant in New Jersey who was divorced by her husband after 34 years of marriage. She can proficiently
klasskru [66]

Answer: Permanent Alimony

Explanation:

A permanent alimony is a legally backed payment form, which involves a higher earning spouse to periodically send funds to their divorced spouse as long as they live. This is done to support the other spouse especially when they find it hard to earn a living as a result limitations given to them by spouse.

Na Li's husband would be required to permanently pay alimony to her because she would be unable to earn a living due to her inability to speak and understand English and lack of employable skills.

5 0
3 years ago
In the middle of the fourteenth century, an epidemic known as the Black Death killed a third of Europe’s population, about 34 mi
9966 [12]

Answer:

The black death epidemic resulted to death about 34 million European, left more job vacant. This was becuase many workers died while the jobs the were working on as at that time remained almost unchanged. The remained workers after the black death demanded for rise in wages, although the lords stood against the demand.

Explanation:

Although worker population decreased because of the plague, the amount of land and the tools did not change much. Some farm animals died when the people who took care of them died. Because the remaining workers had more tools and land to work, they became more productive, producing more goods and services. When workers are more productive, employers are willing to pay higher wages. The Statute of Laborers and similar laws in other countries were not very effective. Some lords avoided violating the statute by making “in kind” pay-ments—paying workers with food or other goods rather than wages—or providing other “fringe benefi ts.” Some lords began to pay illegally high wages. Wages increased because there were fewer workers—labor had become more scarce

8 0
3 years ago
Phillip Esten operates a mail store in which he offers various services such as packaging items for shipment, delivering items t
german

Answer:

correct option is b. are not covered under the Robinson-Patman Act.

Explanation:

given data

charges deliveries for one-time customers = $4.00

charges deliveries for account customers = $2.00

solution

we know that Robinson-Patman Act it is required that when business is sell its product at same price,

and this law prevent the distributor by charge different price to the various retailer

so here this law are not covered under the Robinson-Patman Act

so correct option is b. are not covered under the Robinson-Patman Act.

3 0
4 years ago
If you were given the task of totalling all the M1 money in circulation in the US, which of the following would you include in y
SVEN [57.7K]

Answer:

A

B

Explanation:

M1 is the most liquid definition of money. M1 includes currency and coin, demand deposits, travellers' checks, other checkable deposits

Savings account is part of M2

3 0
3 years ago
Lever Brothers is considering an idea for a new liquid laundry detergent that contains a whitening agent. The company presented
Harlamova29_29 [7]

Answer:

<em>e. concept testing.</em>

Explanation:

Concept testing is the method of determining the likely reaction of the consumer to a product idea prior to advertising.

The purpose of concept testing is to verify that a product idea is superior over competitive solutions to help consumers get a job done through a work-to-be-done lens.

We need to know what measures consumers use to assess the successful implementation of the work-to-be-done to make this decision.

The concept testing procedures succeed because such consumer measures are developed around them.Using this approach is the only idea test method and is an important step in our cycle of development, Outcome-Driven Development (ODI).

3 0
3 years ago
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