<u>Given:</u>
Loan amount = $250000
Interest rate = 5.5%
Interest payment = $2042.71
<u>To find:</u>
Total amount of interest
<u>Solution:</u>
The total number of months in 15 years =
Total monthly payments will be
So, the total pay-backs will be $3,67,687.8
Total interest paid will be as follows,
On plugging-in the values in the above formula we get,
Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.
Answer: $11,800
Explanation:
Cashflow inflow from Customers is calculated as follows
Cash flow from customers = beginning account receivable + Credit sales - ending Account receivable.
Plugging in figures would give us,
= 3,360 + 10,640 - 2,200
= $11,800
$11,800 is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement.
You may wonder what happened to the uncollectible accounts expense amounted of $940. It was meant to confuse you. That figure is dealt with before the ending Account Receivable balance is computed.
Answer:
The Penetration Strategy
Explanation:
The penetration strategy is aggressive. It primarily seeks to increase a firm's share of total sales in a particular market or for a particular product. The prices are lowered to achieve the acquisition of a large percentage of consumers in a competitive market.
One of the goals of the firms who use this strategy is to significantly reduce the sales of the competitors so much so, they are forced to drop out of that market.
To effectively carry out the penetration strategy, the following methods are used:
- Price reduction which is what this question is about
- Terms Improvement- Better customer experience among others
- Expanded Marketing- Creative ways of marketing existing products
- Product Differentiation- Creating a radically different product that attracts customers
- Distribution Channel - Creating more aggressive channels for product distribution
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer: The question did not include the options. The answer is Union Representatives
Explanation: The Question with the options should be:
The pilots of various U.S. airlines are threatening to strike unless they receive wage increases. The pilots belong to a union. Which of the following would most likely negotiate an agreement with airline management?
A) union representatives
B) employee supervisors
C) government agencies
D) individual employees
The right answer is A ---- Union representatives
This is because Since the pilots belong to a union then Negotiation with management would be with the Union Representatives rather than individual pilots where the Union would present the concerns of the pilots to the management so as to resolve issues.