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
pantera1 [17]
3 years ago
12

Grouper Excavating Inc. is purchasing a bulldozer. The equipment has a price of $95,300. The manufacturer has offered a payment

plan that would allow Grouper to make 7 equal annual payments of $18,935.22, with the first payment due one year after the purchaseA. How much total interest will Grouper pay on this payment plan? $37,247B. Grouper could borrow $95,300 from its bank to finance the purchase at an annual rate of 8%. Should Grouper borrow from the bank or use the manufacturer’s payment plan to pay for the equipment? Borrow From The Bank.What is the Manufacturers rate????
Business
1 answer:
ICE Princess25 [194]3 years ago
6 0

Answer:

A total interest $37,246.54

B  It will pay $18,304.50 dollar per year

<em>It is better to use the boan borrowing as the installment per year is lower.</em>

Explanation:

A installment times time less principal = total interest

18,935.22 x 7 - 95,300 = 37,246.54

B calcualte the installment of the bank offer:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 95,300.00

time 7

rate 0.08

95300 \div \frac{1-(1+0.08)^{-7} }{0.08} = C\\

C  $ 18,304.500

<u>As it is lower than manufactures quota it should be accepted </u>

You might be interested in
A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service
kirill115 [55]

Answer:

Distinctive competence

Explanation:                  

Distinctive ability relates to a certain market trait which it does differently than its rivals. Since the company can do more than most other companies, it has a competitive edge over all other companies.

An organization's competitors cannot imitate this competence (at least in the short term), allowing an organization to gain an advantage over others. An organization must protect its distinctive competence to retain its competitive edge.

Thus, from the above we can conclude that the given case illustrates distinctive competence.

3 0
3 years ago
A graph titled U S Unemployment Rate from 1961 to 2011 has Year on the x-axis, from 1961 to 2011, and Percentage unemployed on t
almond37 [142]

Answer: 1. Decreasing

               2. Increasing

Explanation: i guess on it my guy

5 0
3 years ago
Read 2 more answers
Which of the following are correct descriptions of large corporations? a) Managers no langer have the incentive to act in their
balu736 [363]

Answer:

<u>b) The corporation survives even if managers are dismissed.</u>

<u>c) Shareholders can sell their holdings without disrupting the business.</u>

<u>Explanation:</u>

The above statements are correct descriptions of large corporations if consider;

1. A corporation is viewed as a legal entity, and so is believed to exist (survive) even if those who manage the corporation are dismissed.

2. Put simply, a shareholder holds some owns certain decision rights of a  corporation, thus, the shareholder can decide to sell their holdings to an interested party. However, the business would not be disrupted, as only the holdings of a particular shareholder were sold, and the new shareholder would normally want the best interest of the company that's why he made the deal.  

3 0
3 years ago
What is the impact on cash flow from operations in the current year based on the change in operating assets and liabilities list
Ganezh [65]

Answer:

The impact on cash flow from operations in the current year based on the changes in operating assets and liabilities is:

a. -200

Explanation:

a) Data and Calculations:

                                Prior Year Current Year   Changes

Accounts receivable     1,725       1,825               $100

Inventories                    1,535       1,785              $250

Accounts payable         1,325       1,475              $150

b) Accounts receivable increased by $100, thereby reducing cash inflows. Inventories increased by $250, thereby reducing cash inflows. Accounts payable increased by $150, thereby increasing cash inflows. The net effect or impact is a reduction of $200 in the cash from operations.

5 0
3 years ago
A 25-year, annual coupon bond is priced at $1,105.63. The bond has a $1,000 face value and a yield to maturity of 7.28 percent.
Hunter-Best [27]

Answer:

8.21%

Explanation:

The computation of the coupon rate is given below:

But before that PMT would be determined

Given that

NPER 25

RATE 7.28%

PV $1,105.63

FV $1,000

The formula is shown below:

=PMT(RATE,NPER,PV,FV,TYPE)

The present value comes in negative

After applying the above formula, the PMT is $82.09

Now the coupon rate is

= $82.09 ÷ $1,000

= 8.21%

8 0
3 years ago
Other questions:
  • Suppose that Rearden Metal currently has no debt and has an equity cost of capital of 12%. Rearden is considering borrowing fund
    15·1 answer
  • Paul splits an investment of $20000 , a portion earning simple interest at a rate of 3.8 % per year and the rest earning at a ra
    12·1 answer
  • Georgey's Pawn Shop had 1,000 shares of its $1.00 par value common stock issued and outstanding Before a 2 for 1 stock split. Ea
    7·1 answer
  • Your grandparents would like to establish a trust fund that will pay you and your heirs $200,000 per year forever with the first
    5·1 answer
  • How many weeks does it take you to bring home $6000?​
    11·1 answer
  • The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
    6·1 answer
  • Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. What was the effect
    12·1 answer
  • Which of the following is a characteristic of a checking account?
    7·1 answer
  • Organization use marketing research to gather data about ___. (Select all that apply)
    9·1 answer
  • Which of the following represents a potential problem for Kantian deontology?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!