Answer:
Option C,$2,997 is the correct answer.
Explanation:
The amount to be paid in quarterly installments over a 5 year period is the list price less the down payment and the trade-in value of $10,000 as shown below.
list price $65,000
down-payment ($6,000)
trade-in-value ($10,000)
balance $49,000
The quarterly installment can be computed using the pmt formula in excel as follows:
=pmt(rate,nper,-pv,fv)
rate is the quarterly interest rate of 8%/4=2%
nper is the number of quarterly installments which is 4*5=20
pv is the present value of the amount to be paid in installments which is $49000
fv is the future value ,it is not unknown,hence it is zero
=pmt(2%,20,-49,000,0)
=$2,996.68
approx.$$2,997
They can begin by implementing an enterprise resource planning system. They may also focus on corporate social responsibility. Implementing a balanced scorecard approach and using activity based costing are also methods that this company can use to bring down their costs.
Social security number. SSN
"1) Enroll in a college that offers the Bachelor of Social Work degree (BSW) that you can complete as an undergraduate (i.e, usually within four years). Not all colleges have a BSW major. However, most will offer a related field like sociology or psychology." - Google
Technically, A bachelor Degree of Social Work and a degree related to Sociology or psychology.
Hope this helped :)
<u>Entrepreneur I admire:</u>
Richard Branson also known as Old Beardie founder of Virgin Galactic is the person I admire as an entrepreneur. The following strategies have been followed by him,
- The perception on risk has to be unique
- Passion for business has to be injected so that a thorough analysis about the industry and competitor can be done
- A focus on core competencies will help in enhancing the best skills
- Innovation and expansion are essential
- The right amount of capital has to invested at the right time so that the money is not not wasted on unproductive activities.