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masya89 [10]
3 years ago
15

This morning, you borrowed $9,500 at 8.9 percent annual interest. you are to repay the loan principal plus all of the loan inter

est in one lump sum four years from today. how much will you have to repay
Business
1 answer:
Anarel [89]3 years ago
8 0

The amount of lump sum that has to be repaid in 4 years is calculated using the future value formula as shown below:

FV = PV*(1+r)^n where

PV = Present value = 9,500

r = interest rate = 8.9% = 0.089

n = time in years = 4

FV = 9,500*(1+0.089)^4

FV = 9500*1.089^4

FV = $13,360.88

The amount that you have to repay in lump sum after four years = $13,360.88 (Rounded to 2 decimals)

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The following labor standards have been established for a particular product:
andrey2020 [161]

Answer:

Results are below.

Explanation:

<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (17.7 - 17.8)*7,600

Direct labor rate variance= $760 unfavorable

Actual rate= 135,280/7,600= $17.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7

Direct labor time (efficiency) variance= $7,080 unfavorable

4 0
3 years ago
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
geniusboy [140]

Answer:

a, b and c i.e Organizing, Planning and Controlling

Explanation:

Note: <u>Since more than one option is to be selected, the three terms have been provided as an answer</u>

Organizing is the management function concerned with creation of organizational hierarchy, defining roles and objectives and authority and reporting responsibilities.

Planning refers to providing for unforeseen future events and deciding the ways to deal with them.

Directing refers to the management function of guiding, supervising and leading people with an objective to meet organizational goals and extract efficient performance.

In the given case, written request signifies planning, creation of a staff and consulting before arriving at decisions refers to organizing and controlling function.

4 0
3 years ago
The general willingness of consumers to purchase a product at various prices is __________.
Wittaler [7]
Demand.

If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one, as well as to move up in rank! :)
4 0
3 years ago
What are the 4 factors that affect the international business environment? Give two examples/characteristics of each.
iren [92.7K]

Answer:

Geography, cultural and social factors, economic conditions, and political and legal factors are the four parts of the international business environment.

Explanation:

5 0
3 years ago
Bedrock Company reported a December 31 ending inventory balance of $416,000. The following additional information is also availa
Brrunno [24]

Answer:

$392,400

Explanation:

The computation of correct balance for ending inventory on December 31 is shown below:-

Correct balance for ending inventory = Ending inventory – Office supplies

= $416,000 - $23,600

= $392,400

Therefore for computing the correct balance for ending inventory we simply deduct the office supplies from ending inventory and ignore all other amounts as they are not relevant.

3 0
3 years ago
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