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mote1985 [20]
3 years ago
5

Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 perce

nt, compounded monthly, on its savings. How much must the firm save each month to fund this expense if the firm starts investing equal amounts each month starting at the end of this month?
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
8 0

Answer:

The firm must save $45,172.02  monthly for 24 months to be able to pay $1,130,000 at 4.3% compounded monthly as found in the attached

Explanation:

In calculating the monthly saving , I used the PMT function in excel,whose formula is given as PMT(rate,nper,pv,-fv)

r represents the rate on the savings given as 4.3% annually but 0.36% per month (4.3%/12 months), as the compounding is done monthly.

nper represents the duration of savings,given as two years but multiplied by 12 months to reflect monthly compounding horizon

pv is the present value zero as it is not given and not required

Fv is future value given as $1,130,000

Find detailed computation in the attached.

Download xlsx
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Sean checked the clock and saw that it was 10:00 a.m., which was the time the group had agreed upon to start the meeting. Cleari
mariarad [96]

Answer:

Option A. Task

Explanation:

Sean is actually executing the plan that he has set and this execution of the plan involves performing of tasks that are very important to achieve the purpose of the plan. So suppose if had planned to get up early in the morning to go for jogging to have a better health. So if I don't get up early in the morning and going for jogging which is the task role then I will not achieve the purpose of the plan, which is having good health. So here Sean is performing the tasks (Taking the task role) to achieve the purpose of the plan.

5 0
3 years ago
Read 2 more answers
A company is interested in buying a new machine to replace outdated equipment. Before committing to the purchase, the company as
Dafna11 [192]

The efficiency of this particular machine is 96.25%.

<h3>Who is the manufacturer?</h3>
  • A manufacturer is a person or a registered corporation that produces finished goods from raw materials in order to profit.
  • Following that, the goods are delivered to wholesalers and retailers, who subsequently sell to clients.
  • The products are displayed by sellers in physical stores or on third-party eCommerce platforms.
<h3>To find the efficiency of this particular machine:</h3>

The mechanical efficiency = actual work / ideal work

So ζ = 1540 / 1600 × 100%

= 96.25%

Therefore, the efficiency of this particular machine is 96.25%.

Know more about manufacturers here:

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4 0
2 years ago
When calculating your return on investment you should ignore:A) paper gains.B) losses you avoided by not buying a stock that has
castortr0y [4]

Answer:

B) losses you avoided by not buying a stock that has since decreased in price

Explanation:

If a stock has not been bought, there has not been a transaction involving that particular stock. Even though, in theory, you may have avoided losses by not buying a stock that has decreased in price, there hasn't been any actual gain or loss on investment related to that stock since there was no investment.

Since all other alternatives present valid parameters when calculating return on investment, the answer is B).

4 0
4 years ago
Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which e
melisa1 [442]

Complete Question:

Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which element of traditional contract law formation was modified or relaxed by the UCC?

a.         Requirement of consideration for contract modifications.

b.         Offers must have reasonably certain and definite terms to be valid.

c.          The terms of the acceptance must exactly match those of the offer (“mirror image rule”).

d.         All of the above.

Answer:

The element of traditional contract law formation that was modified or relaxed by the Uniform Commercial Code (UCC) is:

c.          The terms of the acceptance must exactly match those of the offer (“mirror image rule”).

Explanation:

The "mirror image rule" specifies that when a contract offer is accepted, the terms must be the same as those in the initial offer.  However, Article 2 of the UCC modified this "mirror image rule" by specifying that the offeree's acceptance is based on the offeror's terms unless otherwise specified by the offeree.  Any additional terms are regarded as some proposed additions and do not become part of the contract unless both parties are merchants.

8 0
3 years ago
Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 3.0% in thi
Neko [114]

Answer:

the payback period is 14 months

Explanation:

The computation of the payback period is shown below:

Profit is

= $2,000,000 - $1,669,426

= $330,574

Now payback period is

= 1 + $330,574 ÷ $1,669,426

= 1 +0.198 years

= 1.198 years

= 14.37 months

= 14 months

Hence, the payback period is 14 months

8 0
3 years ago
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