1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeyben [28]
3 years ago
8

The local electronics store is offering a promotion​ "1-year: same as​ cash," meaning that you can buy a TV​ now, and wait a yea

r to pay​ (with no​ interest). So, if you take home a $ 1 comma 150 TV​ today, you will owe them $ 1 comma 150 in one year. If your bank is offering 4 % ​interest, what is the true cost of the TV to you​ today?
Business
1 answer:
Xelga [282]3 years ago
8 0

Answer:

Real cost of the tv= $1104

Explanation:

Giving the following information:

You can buy a TV​ now, and wait a year to pay​ (with no​ interest).

So, if you take home a $ 1,150 TV​ today, you will owe them $ 1,150 in one year.

Your bank is offering 4 % ​interest, you can lend the $1,150 to the bank and profit from the interest generated.  

We need to use the following formula:

FV= PV*(1+i)^n

FV= Final value

PV= present value

i= interest rate

n= number of years

FV= 1150*(1.04)^1= $1196

Real cost of the tv= 1150- 46= $1104

You might be interested in
Which would describe the act of offering another money to agree to a business deal?
grigory [225]
B) Unlawful Bribery
Bribe means to give money for illegal work and unlawful means against the law.
5 0
3 years ago
How do you treat customer concern?​
PSYCHO15rus [73]

Answer: The important thing is to listen and try to offer solutions.

Explanation: The client who shows concern is looking for results, for solutions, and that is what you have to offer. In my case, when a client communicates his concern to me, I first let him express himself and let him know what causes him concern. After the client has expressed his concern, my focus is on finding a solution. I analyze all the aspects and try to finalize the attention to my client with ideas to work the problem.

6 0
3 years ago
on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr
Juli2301 [7.4K]

Answer:

Explanation:

Nada babosa gracias

6 0
3 years ago
At December 31 of the current year, Cart Company has a $16,000 Notes Receivable from a customer. Interest of 5% has accrued for
lyudmila [28]

Answer: $23,200 as total current asset for the period

Explanation:

Note Receivable has a value $16,000

Interest on Note = 5%

Accrued for 9 months

Yearly Interest accrued = 16,000*5%*12= 9,600

Interest for 9 months = 9600/12*9 = 7,200

Balance sheet Extract

Other Income

Int Accrued on Note Receivable      $7,200

Current Asset

Note Receivable                                $16,000

Int Accrued on Note Receivable      $7,200

Total Current Asset                            $23,200

6 0
4 years ago
A firm is considering the purchase of an asset whose risk is greater than the current risk of the firm, based on any method for
Anika [276]

Answer:

e) Increase the required rate of return used to evaluate the project to reflect the higher risk of the project

Explanation:

As per the basic concept of investment, "higher the risk, higher the return".

Thus, an investor assumes a higher risk only in the scenario wherein the expected return would be commensurate with such risk. Investor would only invest in a risky asset when the return derived can compensate him for the excess risk assumed.

Required rate of return is an investors expectation of return from a project also referred to as the cost of capital.

So for the purpose of evaluating the project, the investor should use a higher required rate of return to signify higher risk which would reveal the true viability of the project.

8 0
3 years ago
Other questions:
  • Boulder Furniture has bonds outstanding that mature in 15 years, have a 6 percent coupon, and pay interest annually. These bonds
    14·1 answer
  • What are the responsibilities and daily activities of a 911 operator?
    5·1 answer
  • Assignment 2 (Due Week 3)
    11·1 answer
  • In the month of March, the Baldwin Corporation received and delivered orders of 138,000 units at a price of $15.00 for revenue o
    8·1 answer
  • What does a hanging indent look like? ​
    14·2 answers
  • Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relatio
    13·1 answer
  • The long-run Fisher effect links rises in inflation with rises in nominal interest rates by the same proportion, resulting in __
    9·1 answer
  • XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 D
    14·1 answer
  • People are willing to pay more for a diamond than for a bottle of water because a. the marginal benefit of an extra diamond far
    5·1 answer
  • Use the following information:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!