If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00
However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.
But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05
Therefore, Chloe saves $78.05
Explanation:
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Answer:
Top-down strategic planning.
Explanation:
There are two methods of strategic planning:
-Bottoms up approach.
-Top down approach. It is the major activity of top management in planning based on the analysis of the total market conditions and analysis.
The company directives and goals flow down from the top to subordinates below. Unifies a company behind one purpose, direction, command and standard, dictated from above and spread throughout the organization.
It allows management to divide a project into steps, and then into still smaller steps. This continues until the steps can be studied, due-dates can be accurately assigned, and then parts of the project can be assigned to an employee.
Answer:
Effect on income= $27.72 increase
Explanation:
Giving the following information:
Selling price per unit = $109
variable cost per unit = $67
Tax rate is 34 percent.
To calculate the effect on income for one more unit sold, we need to use the following formula:
Effect on income= contribution margin*(1-t)
Effect on income= (109 - 67)*(0.66)
Effect on income= $27.72 increase
