Answer:
1. $6,000
2. $60
3. $8,180
Explanation:
With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000
As Lindsay would pay for a term of 3 years
=> In each year, the amount finance is: $2,000
In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60
=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180
The actual cost of the car for Lindsay to own:
Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180
= $8,180
Answer:
Tim's business should have 50 sales person
Explanation:
Number of customers = 1,000 customers
Call frequesncy to each = 50 times
Average Length of call = 2 hours
Average sales persons time = 2,000 hours per year
Total Time = Customers x Average time per call x Call frequesncy
Total Time = 1,000 x 2 x 50 = 100,000 hours per year
Number of Sales people required = Total time / Average time per sales person = 100,000 / 2,000 = 50 sales person
Answer:
<em>the meaning of taxation is the levying of tax.</em>
Answer:
$2,320
Explanation:
Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:
Ending salaries earned but unpaid=$2,900-$580
Ending salaries earned but unpaid=$2,320
($2,900-580)
Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320
Answer:
The spot rate in two years time = SF 12.99
Explanation:
The purchasing power parity states that the relationship between the current and future spot rate between two currencies can be linked to the differences in the expected inflation rate between the currency.
This relationship can be expressed as follows:
S1= So× (1 + hc)/(1 + hb)
So= Current spot rate, Hc- inflation rate in Switzerland, Inflation rate in Britain
Spot rate in a year's time
S1= 12.50, Hc=6%, Hc=4%
S1= 12.50× (1.06/1.04)
S1=12.74
Spot rate in two year's time
S1= 12.74× (1.06/1.04)
S1= 12.99
The spot rate in two years time = SF 12.99