1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DaniilM [7]
3 years ago
10

Amazon would like to purchase a building costing $900,000 by paying $361,254 cash on the purchase date and agreeing to make equa

l payments every three months for the next five years. The first payment is due three months after the purchase date. Amazon's loan has an 8% interest rate. How much will Amazon pay every 3 months
Business
1 answer:
nadezda [96]3 years ago
8 0

Answer:

Amazon

The amount that Amazon will pay every 3 months is:

= $15,498.63.

Explanation:

a) Data and Calculations:

Cost of Building =                    $900,000

Down payment =                       (361,254)

Present value of payments =  $538,746

Payment period = 5 years quarterly

Interest rate = 8%

Amount to be paid every 3 months from an online financial calculator:

N (# of periods)  60

I/Y (Interest per year)  8

PV (Present Value)  538746

FV (Future Value)  0

 

Results

PMT = $15,498.63

Sum of all periodic payments $929,917.59

Total Interest $391,171.59

You might be interested in
Harold's caters to the clothing needs of men, manufacturing two different lines of fashion based on the purchasing power of its
Pavel [41]

Answer:

<u>Demographic</u>

Explanation:

Harry's caters to the clothing needs of men, manufacturing two different lines of fashion based on the purchasing power of its customer . One product line caters to the needs pf affluent , middle-aged men , and the other line targets younger , up -and - coming professionals . Harry's most likely segments the consumer market is based on<em><u> demographic variables.</u></em>

<em>The statistical data of the population of the people is known as demographics . Demographics contain age , gender , income etc.</em>

Demographic is important for the company as it help the company to tell about how to market and how to develop the brand. It helps in telling the behavior of the customer towards the product means whether the people liking the product or not liking the product . It is consider as the best way to reach to the people and know about their preference for the product.

8 0
3 years ago
Why is vocabulary important?<br> What is Promotion?<br> Why is Promotion important in marketing?
Alenkinab [10]

Vocabulary is important because ( my opinion) using betters words instead of saying something in a more simplistic way, shows you have more knowledge on what your talking about and just makes you seem smarter in general.

Promotion is a activity that supports or provides active encouragement for the furtherance of a cause, venture, or aim

Promoting is very important in marketing because it allows whatever product or information you are trying to get out expands across to different platforms and audiences.

6 0
3 years ago
Having some clients who are less knowledgeable about investing and seem to be more trusting of their firm, the management of a f
Lyrx [107]

Answer: Ponzi Scheme.

Explanation:

The Organisation described in the question is making use of Ponzi Scheme for their clients. A Ponzi scheme is a fraudulent form of business where initial investors are paid by later investors. The scheme promises abnormally high returns from investments within a short period, with some investors ending up losing their investments.

8 0
3 years ago
How can business decisions affect local community?
lilavasa [31]

Incorporating small businesses into local government decisions can help ensure the small town culture within the community.

  • Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.
6 0
3 years ago
Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead
Oxana [17]

Answer:

(a) Plant wide predetermined overhead rate:

=\frac{Total\ manufacturing\ overhead}{Total\ direct\ labor\ hours}

=\frac{23,400,000}{780,000}

      = 30

Manufacturing overhead applied Job A:

= Total direct labor hours × Plant wide predetermined overhead rate

= 15 × 30

= 450

Manufacturing overhead applied Job A:

= Total direct labor hours × Plant wide predetermined overhead rate

= 9 × 30

= 270

(b) Departmental predetermined overhead rates:

Machining =\frac{Manufacturing\ overhead}{Machine\ hours}

Machining =\frac{22,500,000}{750,000}

                         = 30

Assembly =\frac{Manufacturing\ overhead}{Labor\ hours}

Assembly =\frac{900,000}{750,000}

                         = 1.2

Manufacturing overhead applied Job A:

= (Machining machine hours × 30) +  (Assembly direct labor hours × 1.2)

= (11 × 30) +  (10 × 1.2)

= 330 + 12

= 342

Manufacturing overhead applied Job B:

= (Machining machine hours × 30) +  (Assembly direct labor hours × 1.2)

= (12 × 30) +  (5 × 1.2)

= 360 + 6

= 366

4 0
3 years ago
Other questions:
  • Negative externalities lead markets to produce
    9·1 answer
  • Without authorization, rolf contracts on behalf of sari to have tige paint the interior and exterior of sari's house. aware of a
    9·2 answers
  • The weather report says that a devastating and unexpected freeze is expected to hit Florida tonight during the peak of the citru
    5·1 answer
  • Leona purchased two bottles of wine from vineyards in Australia. When asked her opinion of the wine, she said the burgundy wine
    15·1 answer
  • Suppose that the experiment to toss a balanced coin three times independently. Define the following events
    11·1 answer
  • Suppose that everyone who has looked for a job for more than six months gave up in despair and stopped looking. What would happe
    14·1 answer
  • Your friend chooses the Graduated Repayment Plan. What assumption is he making about his future income?
    15·2 answers
  • A PLACE WHERE WEALTH IS DETERMINED BY YOUR DECISIONS AND NOT WHO YOUR
    14·1 answer
  • When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the
    12·1 answer
  • _______ property is an ownership fence, which applies to resources like land that more than one individual owns jointly.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!