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ArbitrLikvidat [17]
3 years ago
13

You have just graduated and have decided to purchase a brand-new sports car to enjoy your newfound freedom. Your local credit un

ion will provide financing for 60 months at a 9 percent annual rate, compounded monthly. You will give 15 percent of the $26,000 purchase price in cash to the dealer. The credit union will be used to finance the remaining 85 percent of the purchase price with the first payment due 1 month from today. What will be your monthly payment?
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

Monthly Payment will be $458.76

Explanation:

First, we need to calculate the loan amount

Loan Amount = Purchase price x 85% = $26,000 x 85% = $22,100

No use following formula to calculate the Monthly payment

PV of Annuity = Periodic Annuity Payment x ( 1 - ( 1 + Periodic interest rate )^-numbers of periods ) / Periodic Intertest rate

Where

PV of Annuity = Loan Amount = $22,100

Periodic interest rate = Annual Interest rate / Numbers of payment periods in a year = 9% / 12 = 0.75% = 0.0075

Numbers of Periods = 60 months

Periodic Annuity Payment = Monthly Payment = ?

Placing values in the formula

$22,100 = Monthly Payment x ( 1 - ( 1 + 0.0075 )^-60 ) / 0.0075

$22,100 = Monthly Payment x 48.173373521

Monthly Payment = $22,100 / 48.173373521

Monthly Payment = $458.759650502

Monthly Payment = $458.76

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Zelda owns a 60 percent general interest in YZ Partnership. At the beginning of 2018, the adjusted basis in her YZ interest was
strojnjashka [21]

Explanation:

Total loss the company did in was 210,000

Amount of loss going to Zelda's head would be

= (210,000) * 60%

= 126,000

Earnings share for Zelda in 2018

14,600 * 60% = 8760

6,200 * 60% = 3720

And 95,000

Zelda’s adjusted basis in her YZ interest before loss deduction  in 2018 would be

= 95,000 + 8760 + 3720

= 107,480.

Zelda’s adjusted basis in her YZ interest at the end of 2018 after loss deduction would be zero or nill

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3 years ago
One traditional depiction of Logistics is in terms of the four Rs. The four Rs are characterized as being _____
Vadim26 [7]

Answer: The four crucial Rs of logistics would be: Right Place, Right condition, Right time and Right cost

Explanation: Logistics when referred to in business, is the process that involves how goods are transported from the manufacturer to the end user.

The Rs of logistics imply that in order for logistics to be effective, it has to taken to the Right place, the goods have to be in the Right condition when delivered, the goods should get to the consumer at the Right time and finally the cost of logistics should be reasonably low.

3 0
3 years ago
Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi
Ksenya-84 [330]

Answer:

C. The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

direct labor rate/price variance = (AR - SR) x AH

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In this case, assuming that actual hours were the same as standard hours, 5,000 x 5 = 25,000 direct labor hours were employed. This means that the actual rate was:

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5 0
2 years ago
whole number. a. Before the tax is imposed, the equilibrium price is $ 1.5 per bottle and the equilibrium quantity is 4 billion
Sonbull [250]

Answer: hello your question is poorly structured attached below is the missing graph and missing part of the question

Assume the government imposes a $1.00 excise tax on the sale of every 2 liter bottle of soda. The tax is to be paid by the producers of soda. The figure below shows the annual market for 2 liter bottles of soda before and after the tax is imposed.

answer :

a) $2 , 4 billion

b) $2.5

c) $1.5

d) 3 billion

e) $3 billion

Explanation:

a) equilibrium price = $2 per bottle

   equilibrium quantity = 4 billion bottles

<u>b) After imposition of excise tax </u>

consumers will pay = $2.5

<u>c) The amount producers keep after the imposition of taxes </u>

= $2.5 - tax

= 2.5 - 1 = $1.5

<u>d) New equilibrium quantity ( after tax is imposed ) </u>

= 3 billion bottles ( from graph attached ) i.e. intersection of S2 and D

e)<u> Amount of tax revenue collected by the government from the imposition of tax </u>

= quantity  of bottles sold  * $1

= 3 billion * $1 =  $3 billion

   

6 0
3 years ago
What is windfall income?*
gregori [183]
The answer in my opinion will be B
4 0
2 years ago
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