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Marysya12 [62]
3 years ago
14

A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first

payment is 1000 and is to be paid one month from the date of the loan. Each succeeding monthly payment will be 2% lower than the prior payment. Calculate the outstanding loan balance immediately after the 40th payment is made.
Business
1 answer:
Lelechka [254]3 years ago
6 0

Answer:

$7,112.73

Explanation:

We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.

We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month

the following is made:

A1 period    

1 to 60  

B1 couta

1,000 x (power(0.98;period cell)

C1 interest

previous principal x 9/1200

D1 amortization B1 - C1 that is installment less interest

E1 principal: previous principal - current period amortization

--loan schedule is attached to provide more help--

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In its 2016 annual report, Lockheed Martin reported net earnings of $5,302 million and dividends paid of $2,048 million. Your fo
kakasveta [241]

Answer:

The dividend for 2017 will be = $2124.98

Explanation:

The net earnings for the year 2016 = $5302

Dividend paid for the year 2016 = $2048

The forecast for the income of 2017 = $5504

The projected dividend for the year 2017 = 5504 x (2047 / 5302)

The projected dividend for the year 2017 = 2124.98

The dividend for 2017 will be = $2124.98

6 0
3 years ago
Which of the following is an example of traditional management?
arsen [322]
Not sure what the choices are, but traditional management is where goals and objectives are created at the top and employees are in charge of meeting them and for the quality of the product. This is opposed to a quality - focused management style which is more collaborative with customers to achieve continuous improvement of your product and/or service.
3 0
3 years ago
Negacho, a food and beverage company, introduced a new flavor of potato chips called South Indian Chillis. It received a positiv
Genrish500 [490]

Answer:

Inflow of innovation

Explanation:

Negacho introduced its new flavoured chips and received positive response. This shows that the market is open to adopting new innovative products

This is what prompted Brex Mex to introduce their own flavored potato chips.

Basically the market is favorable to introduction of new ideas and products.

8 0
3 years ago
sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. he endorses the products and deposits his compe
Degger [83]

A settlement made with the aid of using a minor is frequently voidable, however a minor can most effective keep away from a settlement all through his or her minority popularity and for an inexpensive time after he reaches the age of majority.  After an inexpensive length of time, the settlement is deemed to be ratified and cannot be avoided.

  • Facts of the case: Sean, 17, a snowboarder, signs a long-term endorsement agreement for sportswear. At age 19, he wants to void the agreement by claiming that he lacked capacity when he signed the deal at 17.
  • Rule of Law: Minor's Contracts are voidable at the option of Minor.
  • Analysis: Since, Minor's Contract is voidable at the option of the Minor who Signs the Contact can either honor the contract or void the contract. A minor can void a contract for lack of capacity, only when he is still under the age of majority. If a minor turn 18 i.e., After attaining Majority and hasn't done anything to void the contract, then the contract can no longer be voided.
  • Here, Sean has not done anything to void the contract on attaining the age of 18. So, he at the age of 19, cannot void the agreement by claiming that he lacked capacity when he signed the agreement at 17.
  • Decision: Sean Vs. Sportswear Company: In the light of the above provisions, a Court will not permit Sean to now void the agreement.

Learn more about minority popularity here:

brainly.com/question/14457086

#SPJ4

8 0
1 year ago
Cuso Company purchased equipment on January 1, 2016, at a total invoice cost of $400,000. The equipment has an estimated salvage
grigory [225]

Answer:

D. $156,000

Explanation:

Cost = $400,000

Residual value = $10,000

Useful life = 5 years

Now,

Annual straight line depreciation = \frac{Cost-Residual Value}{Useful life}  

Annual straight line depreciation = \frac{400,000 - 10,000}{5}  

Annual straight line depreciation = \frac{390,000}{10}  

Annual straight line depreciation = $78,000

Annual depreciation expense is transferred to the accumulated depreciation. Thus, accumulated depreciation is sum of depreciation expense charged over the useful life of the asset.

Depreciation table has been constructed to compute the accumulated depreciation on 31st December 2017.

5 0
3 years ago
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