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Iteru [2.4K]
3 years ago
15

Adventure Travel signed a 14%, 10-year note for $151,000. The company paid an installment of $2100 for the first month. After th

e first payment, what is the principal balance
Business
1 answer:
pychu [463]3 years ago
4 0

Answer:

$147,138.34

Explanation:

Interest Expense for 1 month = $151,000 * 14% * (1/12)

Interest Expense for 1 month = $151,000 * 0.14 * 0.083333

Interest Expense for 1 month = $1761.65962

Interest Expense for 1 month = $1,761.66

Principal amount = Total payment + Interest Expense for 1 month

Principal amount = $2,100 + $1,761.66

Principal amount = $3,861.66

Principal balance = $151,000 - $3,861.66

Principal balance = $147,138.34

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baherus [9]

A bond is a debt instrument. The company or government issuing it borrows your money and pays you a fixed amount of money for the use of the loan you have made available to the company or government. The selling price is usually what the face value of the bond is, but this can vary according to interest rates determined by the Federal Reserve.

A stock is ownership. You own a fraction of the company you've invested in. Sometimes a company pays a dividend. That means that the company has excess funds and decides to pay its shareholders a fraction of what the company brings in.  When you buy a stock, you expect to sell it at a higher price than what you bought it at. That's called a capital gain. It's another source of income.

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3 years ago
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An example of a nondepository financial institution is which of the following?
Nostrana [21]

The answer is C - Brokerage Firm

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3 years ago
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​Billy's Hamburger Barn has a single​ drive-up window.​ Currently, there is one attendant at the window who takes the order ​(20
Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is  2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx
6 0
3 years ago
The marketing managers of Havtol Inc., a food products company, created a dedicated software system to receive customers’ feedba
jarptica [38.1K]

Answer:

A) web survey system

Explanation:

A web survey system is used to create a database with the customers' stored answers to the questionnaire. That database can be processed by statistical software to provide analytical information about Havtol's customers, the products they prefer and other relevant information (depending on what the questionnaire was about).

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3 years ago
Pollution control equipment for a pulverized coal cyclone furnace is estimated to cost $190,000 two years from now and an additi
Troyanec [42]

Answer: $250,096

Explanation:

To find out the amount that should be invested today, one should find the present values of both figures and add them up:

Interest rate should be periodically adjusted so: 8% / 2 = 4% per semi annum

No of periods should be adjusted as well.

Amount to be invested today:

= \frac{190,000}{(1 + 0.04)^{2 * 2 periods} } + \frac{120,000}{(1 + 0.04)^{4 * 2 periods} }\\\\=  \frac{190,000}{(1 + 0.04)^{4} } + \frac{120,000}{(1 + 0.04)^{8} }\\\\= 250,095.62

= $250,096

8 0
3 years ago
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