Answer:
Consider the following calculations
Explanation:
- PMT(Interest_Rate/Num_Pmt_Per_Year,Loan_Years*Num_Pmt_Per_Year,Loan_Amount)
- If you input these values on a financial calculator, PMT = 2011.56
- Balance of the loan at the end of 13 years = 209798.54
- Interest paid in the 6th year = 21464.51
- 224th Payment Principal = 722.70
_The time value of money_ principle states that <span>a dollar today is worth more than a dollar in the future.
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Answer:
<u>First mover advantage</u>
Explanation:
First mover advantage refers to the process wherein a company gains competitive advantage over it's competitors due to being the first in an industry for coming up with a product or service or being the first one to employ a certain management system or technique.
A first mover gains advantage since by the time other market participants enter the arena, such a firm has already reaped bulk of the advantage.
In the given case, the steel manufacturing company adopted a new supply chain management system courtesy of which it is able to reduce the procurement time of raw materials considerably thereby leading to efficient production. It has also lead to reduction of costs and thus, has increased profitability.
This represents a case of first mover advantage achieved by the company owing to which it has gained a competitive advantage currently.
The distribution organizes data by recording all the values observed in a sample as well as how many times each value was observed.
Data distribution is a function that provides all possible values of a variable and also quantifies their relative frequencies (probabilities of how often they occur). Distributions are considered for all populations in which the data are spread out. Another example is a pie chart showing the percentages of different substances that make up the complete object.
We divided the distributions into two categories, depending on the type of organizes data you are using. Discrete distributions for discrete data (finite results) and continuous distributions for continuous data (infinite results).
Learn more about organizes data at
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Answer:
$19,780
Explanation:
Net realizable value of accounts receivable = Accounts Receivable balance - Balance in the Allowance for Doubtful Accounts - Uncollectible account was written-off
Therefore, we have:
Net realizable value of accounts receivable = $22,600 - $2,200 - $620 = $19,780.
Therefore, the net realizable value of accounts receivable immediately after the write-off is $19,780.
