Answer:
$191,852
Explanation:
The computation of the annual payment is shown below
Given that
Loan Amount (P) = $1,000,000
Annual Interest Rate (r) = 6.00% per year
Loan Period (n) = 6 Years
Now
The Annual Lona Payment is
= [P × {r × (1 + r)^n}] ÷ (1 + r)^n - 1
= [$1,000,000 x {0.06 x (1 + 0.06)^5}] ÷ [(1 + 0.06)^6 - 1]
= $191,851.5363
= $191,852
Hence, the annual payment is $191,852
Answer:
1.6 hour
Explanation:
Given
Rate of Arrival =30 per hour
Rate of Processing = 25 per hour
Open Time = 8am
Close Time = 4pm
How long the last package has to wait before it is processed is calculated by;
Duration = ∆Time/∆Rate
∆Time = 4pm - 8am
∆Time = 8 hours
∆Rate = Rate of Arrival - Rate of Processing
∆Rate = 30 - 25
∆Rate = 5 per hour
Duration = 8 hours ÷ 5 per hour
Duration = 1.6 hours
Answer:
b. Alternative cost.
Explanation:
Sunk cost is cost that has been incurred and cannot be recovered.
Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.
Differential cost is the cost of two different options.
Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.
I hope my answer helps you.
Answer:
C. Is top management committed to the study?
Explanation:
Yes, market research is very important for the organisations which can help them in finding new trends and patterns in their consumers, they can find out what are products which they need to launch further, which products are not performing well but the main question before starting the research process is that each and every single person of the organisation should take part in the whole process particularly the top level management should be agrees upon and committed to it otherwise the whole process will go in vain. Because when the top level will be committed, they not only by proving the resources needed for the research but also they will be happily implementing the research findings for the betterment of the organisation. Therefore, top management should be committed otherwise it will just be waste of time and efforts.
Answer:
4000
Explanation:
Calculation to determine how many units of foreign currency does the same basket of goods cost in that country
Based on the information given we were told that the PRICE OF A BASKET OF GOODS is the amount of $2000 in which the dollar buys TWO UNITS of some country’s currency, now let determine HOW MANY UNITS of foreign currency does the same basket of goods cost in that country
Using this formula
Units of foreign currency=Basket of goods price*Some country’s currency units
Let plug in the formula
Units of foreign currency=$2,000* 2 units
Units of foreign currency=4,000 units
Therefore the number of units of foreign currency that the same basket of goods cost in that country is 4,000
The price of a basket of goods is $2000 in the U.S. If purchasing power parity holds, and the dollar buys two units of some country’s currency, then how many units of foreign currency does
