Answer:
c. $61,265
Explanation:
monthly payment under new loan = PMT(3%/12,300,-542685,0,0)
= $2573.47
saving in payment per month = 2864 - 2573.47
= $290.53
PV of interest savings = PV(3%/12,300,290.53,0,0)
= $61,266
Therefore, will save $61,266 in present value terms by using the new loan to pay-off the original loan.
Answer:
"Suppose you were confronted with an angry customer who threatened to sue the company. What would you do?"
Explanation:
Situational interview questions paint a picture of a situation and the interviewee is asked what they would do in that particular situation.
The main aim of situational interview is to analyse the problem solving ability of a candidate when there is little preparation and on short notice.
The question "Suppose you were confronted with an angry customer who threatened to sue the company. What would you do?"
Is meant to analyse how a candidate will handle an irate customer, his answer will give insight into his problem solving ability.
Money, smart ideas and good speech
This kind of problem is known as price escalation.
<u>Explanation:</u>
A divergence in estimating where merchandise have greater expenses in a remote market than in the local market because of transportation and sending out expenses is known as price escalation.
Price escalation can likewise allude to the total of cost factors in the circulation channels which mean a higher last expense for an item in a remote market.
Answer:
The answer is: E) the equilibrium price is $85; and the equilibrium quantity is 60 units
Explanation:
The equilibrium price of a demand and supply curve is the price where the quantity supplied of a product or service equals the quantity demanded of that product or service.
We start at a price of $65
<u>Price</u> <u>Quantity demanded</u> <u>Quantity supplied</u>
$65 80 units 40 units
$75 70 units 50 units
$85 60 units 60 units