Answer:
Add a personal letter to your offer.
Explanation:
Negotiation is when an agreement or a compromise is reached by parties involved in a deal in order to avoid issues or argument. People negotiate for different reasons such as beating down a price , resolve a problem or dispute among parties, create a new thing in which parties involved are not able to do , or agree on how to share limited resource like money, assets etc.
Negotiation is a skill(soft)which can be learnt by people hence become a strong negotiator. These soft skills include communication, persuasion and ability to strategize . With regards to the above, the odd among the given option is add a personal letter to your offer.
Answer:
Approximate rate of return will be 9 %
Explanation:
We have given a stock is purchased on January 1 of cost $4.35
And sold at the same year on December 31
We have to find the rate of return
Rate of return will be equal to
= 9%
So approximate rate of return will be 9 %
Answer:
Compute present value of periodic lease payments.
Annual interest rate is 5% (Semi-annual is 2.5%)
Lease period is 2 years (4 semi annual lease terms)
Present value of periodic lease payments = lease rental * PVAF (r,n)
= $59,000 * PVAF (2.5% , 4)
= $59,000 * 3.76197
= $221,956
Journal Entries are in attachment
Answer: The amount applied to the principal balance is <u>$1174.43</u>.
We first calculate the Equated Monthly Instalment (EMI) of the loan by using the following formula:
![\mathbf{PV = EMI * \left [\frac{1-(1+r)^{-n}}{r} \right]}](https://tex.z-dn.net/?f=%5Cmathbf%7BPV%20%3D%20EMI%20%2A%20%5Cleft%20%5B%5Cfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%20%5Cright%5D%7D)
where
r = Interest rate per period ; n = number of periods
![r = \frac{0.0425}{12}](https://tex.z-dn.net/?f=r%20%3D%20%5Cfrac%7B0.0425%7D%7B12%7D)
![n = 15 * 12 = 180](https://tex.z-dn.net/?f=n%20%3D%2015%20%2A%2012%20%3D%20180)
Substituting these in the formula above we get,
![\mathbf{295000 = EMI * \left [\frac{1-(1+\frac{0.0425}{12})^{-180}}{\frac{0.0425}{12}}\right]}](https://tex.z-dn.net/?f=%5Cmathbf%7B295000%20%3D%20EMI%20%2A%20%5Cleft%20%5B%5Cfrac%7B1-%281%2B%5Cfrac%7B0.0425%7D%7B12%7D%29%5E%7B-180%7D%7D%7B%5Cfrac%7B0.0425%7D%7B12%7D%7D%5Cright%5D%7D)
Solving we get,
![\mathbf{295000 = EMI * 132.9295092}](https://tex.z-dn.net/?f=%5Cmathbf%7B295000%20%3D%20EMI%20%2A%20132.9295092%7D)
![\mathbf{EMI = \frac{295000}{132.9295092}}](https://tex.z-dn.net/?f=%5Cmathbf%7BEMI%20%3D%20%5Cfrac%7B295000%7D%7B132.9295092%7D%7D)
![\mathbf{EMI = 2219.221313}](https://tex.z-dn.net/?f=%5Cmathbf%7BEMI%20%3D%202219.221313%7D)
Once we get the EMI, we calculate the amount that applies to the principal balance as follows:
Interest is calculated on the outstanding balance of each month. In the first month, the entire principal in outstanding. Hence we calculate interest on $295,000.
![\mathbf{Interest = 295000 * 0.003541667 = 1044.791667}](https://tex.z-dn.net/?f=%5Cmathbf%7BInterest%20%3D%20295000%20%2A%200.003541667%20%3D%201044.791667%7D)
![\mathbf{Amount applied to principal = EMI - Interest in dollars}](https://tex.z-dn.net/?f=%5Cmathbf%7BAmount%20applied%20to%20principal%20%3D%20EMI%20-%20Interest%20in%20dollars%7D)
![\mathbf{Amount applied to principal = 2219.221313 - 1044.791667 = 1174.429646}](https://tex.z-dn.net/?f=%5Cmathbf%7BAmount%20applied%20to%20principal%20%3D%202219.221313%20-%201044.791667%20%3D%201174.429646%7D)