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2 years ago

Alex has accepted an IT position at a new company, and will be leaving her current job in the IT department of a large company.

Business

1 answer:

NemiM [27]2 years ago

4 0

Answer:

notify her current job of the accounts she no longer needs access to

Explanation:

As she is about to leave the position, in account of professionalism, she should not do any unnecessary harm to the current company, and she should notify the company for necessary description before leaving.

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You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. a

Leviafan [203]

Answer:

a. The maximum price you can pay for the car is $33,477.87.

b. The maximum price you can pay for the car is $39,411.78.

Explanation:

a. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can be determined as follows:

Calculation of the Present Value (PV) of the monthly payments

To calculate, the formula for calculating the present value of an ordinary annuity is used as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 48

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^48) / 0.01)

PV = $850 * 37.9739594934803

PV = $32,277.87

Calculation of the maximum price you can pay for the car

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $32,277.87.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $32,277.87 = $33,477.87

Therefore, the maximum price you can pay for the car is $33,477.87.

b. How much can you afford if you finance the purchase over 60 months? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can also be determined as follows:

Calculation of the Present Value (PV) of the monthly payments

To calculate this, we use equation (1) in part (a) above, change number f months to 60 and proceed as follows:

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 60

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^60) / 0.01)

PV = $850 * 44.9550384062241

PV = $38,211.78

Calculation of the maximum price you can pay for the car

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $38,211.78.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $38,211.78 = $39,411.78

Therefore, the maximum price you can pay for the car is $39,411.78.

5 0

3 years ago

The Dean Company has sales of $500,000, and the break-even point in sales dollars of $300,000. What is the company’s margin of s

postnew [5]

Answer:

40%

Explanation:

The Dean company have a sales of $500,000

The break-even point in sales dollar is $300,000

Therefore, the company's margin of safety can be calculated as follows

Margin of safety= Sales-break-even sales/sales

= $500,000-$300,000/$500,000

= $200,000/$500,000

= 0.4×100

= 40%

Hencethe company's margin of safety percentage is 40%

4 0

3 years ago

Which of the following is true?

Mandarinka [93]

Answer:

The answer is "Choice C".

Explanation:

The federal securities legislation governs its sales or offering of stock, investment management, the companies of some industry professional persons, investment companies like mutual funds, tender documents, proxy statements, and, more particularly, publicly-traded company control. It's not just the external directors, but also the managers of the organization apply to these rules mostly on the release of erroneous financial reports.

3 0

3 years ago

When converting units, summarize the steps using the Direct Method

omeli [17]

Summary of the steps of converting units, using the Direct Method-

Unit conversion is a multi-step manner that includes multiplication or division by using a numerical component, selection of an appropriate wide variety of great digits, and rounding.
This multi-step process is provided in , which includes a rounding method for technical files, specs, and different applications such packaged items in the industrial market and temperature.

Unit Conversion Process

This method uses the reality that any variety or expression may be expanded with the aid of "one" with out changing its price. This allows the conversion of gadgets via multiplying the initial size with the aid of one (or extra) sorts of the #1. even as the multiplication via 1 does not exchange the fee of the dimension, it does change the size units.

It’s very easy to systematically apply unit conversion process to solve conversions within or between measurement systems.

Step 1. Identify the unit you have. These are the Starting Units.

Step 2. Identify the unit you want. These are the Desired Units.

Step 3. Identify appropriate unit conversion factor(s).

Step 4. Cancel units and perform the math calculations (e.g., multiply, divide). Repeat the calculation (double check).

Step 5. Evaluate the result.

Learn more about Unit brainly.com/question/19244145

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3 0

2 years ago

Investors and financial analysts wanting to evaluate the operating efficiency of a firm's managers would primarily look at the f

Fynjy0 [20]

Investors and financial analysts wanting to evaluate the operating efficiency of a firm's managers would primarily look at the firm's asset utilization ratios.

Economic analysts work in banks, pension funds, coverage businesses, and different companies. Monetary analysts manual corporations and people in choices about expending cash to attain an income. They assess the performance of shares, bonds, and different varieties of investments.

Irrespective of training, a successful profession as an economic analyst requires sturdy quantitative abilities, professional hassle-solving competencies, adeptness in the use of common sense, and above-common communique skills.

Maximum financial analysts report excessive-pressure levels and heavy workloads. The work itself is complicated and calls for quite a few understanding and continuous examination. Even as monetary analysts are usually paid properly, it comes at the value of a wholesome work-life balance in many cases.

Learn more about financial analysts here: brainly.com/question/8344696

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5 0

2 years ago