Answer:
Modified Rebuy.
Explanation:
Modified Rebuy can be defined as the desires of a buyer to re-purchase or reorder the products previously bought but with certain modifications either in prices, products, suppliers, or terms. The buyer may modify the current purchasing terms because he may not be satisfied with the supplier or may have some new requirements.
In the given case, the modification in supplier has been made by the organization to get a better price. Thus this is an example of modified rebuy.
So, the correct answer is modified rebuy.
Answer:
Monthly Payment is $1602.37
Effective interest rate is 5.33%
Explanation:
a.
The monthly payment made includes the interest and principal payment as well.
Monthly payment can be calculated using following formula
Monthly Payment = [Present value of loan x r] / [{1 - (1 + r)-n}]
Monthly Payment = [$84,500 x (0.052/12)] / [1 - (1 + 0.052/12)-60]
Monthly Payment = [$366.17 / 0.2285]
Monthly Payment = $1,602.37
b.
The Effective interest rate is the actual interest rate that are being charged on loan after incorporating the compounding effect.
Use following formula to calculate the effective Annual rate
EAR = [1 + (i/n)]^n - 1
EAR = [ 1 + (5.2% / 12]^12 - 1
EAR = [1.0043]^12 - 1
EAR = 1.0533 - 1
EAR = 0.0533
EAR = 5.33%
Answer:
Consider the following calculations
Explanation:
Let X be Bagels and Y be croissants
Profit:
20X+30Y
Subject:
6X+3Y<=6600
1X+1Y<=1400
2X+4Y<=4800
Critical points are
(0,1400) , (800,600) , (1100,0)
So
Max at 0,1400 and P =4200
Answer:
$242,800
Explanation:
Tax Base Accounting Base Temporary Difference
2021 Insurance Expense $234,000 0 $234,000
This insurance expense will result in taxable temporary difference=$234,000*20%=$46,800
The journal entry will be;
Income Tax Expense Dr.$46,800
Deferred Tax liability Cr.$46,800
Therefore Income tax expense will be=$196,000+$46,800=$242,800
