Answer:
He should deposit $1,744.37 at the end of each month.
Explanation:
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value or the of condominium = $240,000
M = Monthly payment = ?
r = monthly interest rate = 2.7% / 12 = 0.027 / 12 = 0.00225
n = number of months = 10 years * 12 months = 120
Substituting the values into equation (1) and solve for M, we have:
$240,000 = M * (((1 + 0.00225)^120 - 1) / 0.00225)
$240,000 = M * 137.585424499073
M = $240,000 / 137.585424499073
M = $1,744.37
Therefore, he should deposit $1,744.37 at the end of each month.
Answer:
10.67%
Explanation:
For computing the change in ROE first we have to find out the debt and equity values which are shown below:
The debt value = Total invested capital × debt rate
= $195,000 × 37.5%
= $73,125
And, the equity value = Total assets - debt value
= $195,000 - $73,125
= $121,875
Now we apply the Return on Equity formula which is presented below:
= (Net income ÷ Total equity) × 100
The net income is $20,000 and the equity value would remain the same
So, the ratio would be = ($20,000 ÷ $121,875) × 100 = 16.41%
And if the net income raise to $33,000
Then the new ROE would be = ($33,000 ÷ $121,875) × 100 = 27.07%
So, the change in ROE
= New ROE - Old ROE
= 27.07% - $16.41%
= 10.67%
Answer:
a bona fide occupational qualification
Explanation:
Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.
An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.
Answer:I would say the answer is B.
Explanation:
Answer:
Truck A $7,763.50
Truck B $6,910.80
Truck B is more economical
Explanation:
Calculation to select the most economical truck on the basis of AE analysis.
In order for us to find the equivalent annual cost of over 12years period what we should do is to find the annual equivalent cost of the first replacement cycle for both truck A and truck B.
Calculation for Truck A
In Truck A Four replacements will be needed
AE (12%) A= ($15,000 - $5,000) (A/P, 12%, 3)+ (0.12) ($5,000) + $3,000
Truck A= $7,763.50
Calculation for Truck B
In Truck B Three replacements will be needed
AE (12%)B= ($20,000 - $8,000) (A/P, 12%, 4)+ (0.12) ($8,000) + $2,000
Truck B= $6,910.80
Based on the above calculation Truck B is a more economical when compared to Truck A because it has lower or lesser amount of $6,910.80 than Truck A which has higher amount of $7,763.50
