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julia-pushkina [17]
3 years ago
14

4. Tom Busby owes $20,000 now. A lender will carry the debt for four more years at 8 percent interest. That is, in this particul

ar case, the amount owed will go up by 8 percent per year for four years. The lender then will require Busby to pay off the loan over 12 years at 11 percent interest. What will his annual payment be
Business
1 answer:
bezimeni [28]3 years ago
8 0

Answer:

Tom Busby

His annual payment will be:

= $4,091.64

Explanation:

a) Data:

Loan = $20,000

Interest on loan for 4 years = 8% per annum

Amount of loan after 4 years = $27,200 ($20,000 * 1.360)

Payment period = 12 years

Interest rate during payment period = 11%

b) From online finance calculator:

You will need to pay $4,091 every year for 12 years to payoff the debt at 11% interest.

Monthly Payment $340.97

Annual Payment  $4,091.64

Time Required to Clear Debt 12.00 years

Total of 144 or 12 Payments = $49,099.25

Total Interest $21,899.25

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Answer:

Rules and policies implemented in an organization need to be followed by all the employees. If any employee lacks compliance it could result in negative impact to business activities.

Explanation:

If an employee is hired as IT professional in the company, he is given rules and guidelines in his induction and orientation. These are to be followed by him in any case. If the new employee faces a situation in which some colleague ask him to give password to the restricted files he should immediately deny for doing so. If he gives the password the files can be altered and company data may be haccked.

7 0
3 years ago
Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The budgeted factory overhead cost is $2,94
DaniilM [7]

Answer:

Predetermined manufacturing overhead rate= $391.78 per direct labor hour

Explanation:

Giving the following information:

Budgeted factory overhead= $2,948,125.

Direct labor hours:

Flutes= 2,000*2= 4,000

Clarinets= 1,500*3= 4,500

Oboes= 1,750*1.5= 2,625

Total direct labor hours= 7,525

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,948,125/7,525

Predetermined manufacturing overhead rate= $391.78 per direct labor hour

3 0
4 years ago
All of the following are reasons to stop crashing EXCEPT:
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The statement that does not refer to the reason that aids in project crashing is

(D) there are no critical activities that can be crashed further.

Explanation:

Project crashing basically refers to the method by which the duration of the project is reduced  .This can be done by

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  • By devoting more resources in order to complete the project as early as possible.
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In Crashing,<u> the time is inversely related to the cost of the project</u>.It means that if the time of the project increase then the project cost is reduced and if the time o/duration of the project decrease then the cost involved in the project increases

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4 years ago
The government is supposed to look out for the consumer when a new product or service is introduced to the market. This role of
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Answer:

one that reallocates income

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3 years ago
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Which of the following best describes the primary reason for implementing a new information system, from a
lisabon 2012 [21]

Answer:

i think it is c

Explanation:

sorry if wrong

7 0
3 years ago
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