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mylen [45]
3 years ago
9

ou want to buy a new sports car from Muscle Motors for $76,000. The contract is in the form of a 60-month annuity due at an APR

of 7.15 percent, compounded monthly. What will your monthly payment be
Business
1 answer:
Len [333]3 years ago
8 0

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

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The top management at Vermilion Inc. realized that there were some technical defects in the company's new manufacturing plant th
harkovskaia [24]

Answer: (C) Controlling

Explanation:

 The controlling is one of the type of management function that helps in managing the various types of organizational function and also it helps in achieve the desirable goals.

It basically take various types of corrective actions for effectively managing the resources and also helps in improving the performance of the company.

According to the given question, the controlling is one of the management function that efficiently illustrating the given scenario.

In the vermilion inc, the top management of the company realized that at the time of construction of the plant shows some technical defects and the technical specialists of an organization try to resolve the given issue.

Therefore, The given process is known as the controlling management function.

4 0
3 years ago
Which part of the check is least important
lyudmila [28]

Answer:

All information of the check is important,so make sure that the bank yellers,retailers and check scanners can get the details needed. The payee name,amount in words,account AMD routing numbers and signature are absolutely essential.

5 0
3 years ago
how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?​
DiKsa [7]

Answer:

A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.

Explanation:

5 0
3 years ago
On December 31, Hawkin's records show the following accounts. Equipment $ 3,000 Cash 2,400 Rent Expense 1,500 Accounts Receivabl
tino4ka555 [31]

Answer:

$5,800

Explanation:

Calculation to prepare a December income statement for Hawkin.

INCOME STATEMENT

Revenues:

Services revenue $16,000

Expenses:

Rent expense $1500

Wages expense $8000

Utilities expense $700

Total expenses $10200

Net income $5800

($16,000-$10,200)

Therefore December income statement for Hawkin is $5,800

8 0
3 years ago
flashlights have been selling for $6 each and at this price, sales are 3,000 per month. The store wishes to raise the price and
Luda [366]

Answer:

-3993

Explanation:

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3 years ago
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