Thank you for posting you question here. I hope the answer will help. The interest rate on this loan if the payments begin one year after the loan is signed is 11%. Below is the solution:
N=6
PMT=4,727.53
PV=20,000
FV=0
I=?
<span>I=11%</span>
Answer:
$2,100
Explanation:
Data provided in the question
Prepaid rent account before adjustment at the end of the month = $2,800
And, the monthly rent is $700
So, the amount of prepaid rent after adjustment is
= Prepaid rent account before adjustment at the end of the month - the monthly rent
= $2,800 - $700
= $2,100
Basically we deduct the monthly rent from the prepaid rent balance before adjustment
Answer:
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Explanation:
Answer:
Business Process Re-engineering is business philosophy that seeks to improve product by eliminating causes of product defects and making quality an all-encompassing organizational watchword.
Hence A is correct
Explanation:
It is an holistic approach to rearranging business and organisation's workflows with a view to identifying sub-optimization and inefficiencies that are deep-rooted in its processes which are cost-consuming but do not add value to business bottom-line(profitability).
Implementing a BPR project is a painstaking effort in that it is a way of telling employees to dump old ways of doing of things which they are probably more comfortable with and embrace change.This is the case as an average human tends to resist change.
The plant as increased its production:
As it can make more than before, this means also that the plant is more efficient.
Hope this helps
