Yes i do believe that is true my friend
Answer:
$29,750
Explanation:
Since the Annual Payments of $53,343 are all equal for the period of 10 years at 8.5% installment note, therefore we Simple interest formula here to calculate the interest amount;
I = Prt
P = Principal Amount = $350,000
r = Interest Rate = 8.5%
t = time = 10-year
I = Interest = 350,000 x 0.085 x 10 = 297,500
Hence, the first annual payment of interest expense will be:
= 297,500 / 10 = $29,750
Answer:
Staffing and distribution
Explanation:
Supply subsequently means distributing.
Answer:
1. 48 dollars
2. 30 dollars
Explanation:
The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.
Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.
1. What discount will Dave and Ellen receive if they install the dead-bolt locks?
discount for deadbolts =
Discount % x Premium
0.08 x 600 = 48 dollars
b. What discount will Dave and Ellen receive if they install smoke detectors?
discount for deadbolts =
Discount% x Premium
0.05 x 600 = 30 dollars
Answer:
a. 1.11%
Explanation:
The computation of the maximum sales growth rate is shown below:-
Sales 90% Capacity = $850,000,000
Sales at 100% Capacity = $850,000,000 ÷ 90% × 100%
= $944,444,444.4
Growth in Sales by using unused capacity = Sales at 100% Capacity - Sales 90% Capacity
=$944,444,444.4 - $850,000,000
= $94,444,444.4
Growth rate =Growth in Sales by using unused capacity ÷ Sales last year
-94444444.4 ÷ $850,000,000
= 1.11%
