Answer:
Monthly payment = $469.701
Explanation:
<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>
The monthly equal installment is calculated as follows:
Monthly equal installment= Loan amount/Monthly annuity factor
Loan amount = 20,000
Monthly annuity factor =
=( 1-(1+r)^(-n))/r
r- Monthly interest rate (r)
= 6/12= 0.5%
n- Number of months ( n) = 20 × 4 = 48
Annuity factor
= ( 1- (1.005)^(-48)/0.005= 42.5803
Monthly installment= 20,000 /42.5803 = $469.701
Monthly installment = $469.701
Monthly payment = $469.701
<span>The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.</span>
"If you send in the minimum payment, you will be charged a late fee."
This is an INCORRECT statement, because you will not be charged a late fee just for making the minimum payment. Minimum payments are not a good idea because you will be charged interest on the remaining amount and will have a harder time paying off the balance, but you will not be charged a late fee.
Answer:
Manufacturing Cost = 94,100
Explanation:
Given that,
Direct materials used = $ 20,500
Direct labor used = 26,000
Factory overhead = 47,600
Beginning work in process = 12,200
Ending work in process = 12,800
Manufacturing Cost = Direct Material + Direct Labor + Factory Overhead
Manufacturing Cost = $20,500 + 26,000 + 47,600
Manufacturing Cost = 94,100
Answer:
<u>False</u>
Explanation:
Remember, the word mass media encompasses the use of the internet or web to communicate information.
The cost savings of the web sprangs from digital media which is a form of mass media.
Therefore, a company using the Web to communicate with potential customers is achieving cost savings through a form of mass media called the <em>digital media.</em>
<em />
