Answer:
$1510.28
Explanation:
The monthly on the purchase of new sports car can be computed using the pmt excel function as shown below:
=pmt(rate,nper,-pv,fv)
rate is APR of 7.15% expressed in monthly terms i.e 7.15%/12
nper is the number of months that payments would last i.e 60 months
pv is the cost of the new sports car i.e $76000
fv is the balance owed after the 60th payment i.e $0
=pmt(7.15%/12,60,-76000,0)=$1510.28
Checking account is the type of account
Answer:
The forecast for the next period based on simple exponential smoothing is 59.50
Explanation:
In determining the forecast for the period using the exponential smoothing approach, the below formula is of utmost importance:
forecast=(α*prior period actual)+(1-α)*prior period forecast
α =alpha=smoothing constant =.3
prior period actual=63
prior period forecast=58
forecast for the next period=(.3*63)+(1-.3)*58
forecast for the next period=18.90+40.60
forecast for the next period=59.50
Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable
Answer:
The correct answer is letter "D": short-term financing.
Explanation:
Short-term financing allows companies to obtain capital for their <em>day-to-day operations</em>. The funds obtained are typically used for the transactions companies require during one period -one year, but the term for payment tends to be within six (6) to twenty-four (24) months. Under this scenario, the main purpose of firms is to keep their businesses up and running and obtain profits enough for the payment of the loan and reinvestment in the company.
