Answer:
$7,828.869
Explanation:
For computing new annual installment first we have to determine the equivalent worth of borrowed amount i.e $30,000 which is shown below:
= Borrowed amount × (1 + interest rate)
= $30,000 × (1 + 0.07)
= $30,000 × 1.07
= $32,100
Now the new annual installment is
= Equivalent worth of borrowed amount × (A/P,7%,5%)
= $32,100 × 0.24389
= $7,828.869
Refer to the A/P table for determining the factor
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Answer:
D) joint venture
Explanation:
A joint venture refers to a situation where two companies will join together to form a third independent entity that operates in a specific market or develops specific products. The companies only work together to form the joint venture, but the rest of their operations remain separate from each other.
By forming a joint venture, both companies can utilize resources more efficiently while remaining separate in other markets.
Answer: Purchases could be made from a vendor controlled by a buyer at prices higher than normal.
Explanation:
Based on the information given in the question, one possible fault of this system is that the purchases could be made from a vendor controlled by a buyer at prices higher than normal.
It should be noted that this system will help in curtailing the department managers buying unnecessary supplies. Also, payment cannot be made for supplies that are not received.
Answer:
D. Martial Status is an example of demographic data.
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