Answer:
His payments are $64.63 every week.
Explanation:
P = Regular Payments = ?
PV = Loan Amount = $16,400
r = rate of interest = 10.99%
n = no of periods = 7 = 364
P = [r (PV)
] / [1 - (1 + r )^-n]
P = (10.99%/52)*16400 / 1 - [1 / (1 + 10.99%/52)^364)]
P = 34.66076923 / 1 - [1 / 2.156503587]
P = 34.66076923 / 0.53628642
P = 64.63107760588
P ≈ $64.63 weekly
Answer:
A) Ian's discovery of an injury caused by the opener
Explanation:
The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.
Answer:
Discharge.
Explanation:
This is seen to be a formal way of relieving an employer off his duties due to many wrong reasons which can be easily tagged misconduct. This is is not the first step of the disciplinary action as verbal warnings and other written warnings must have been sent to the said employee(s) before dismissal. Which is seen to be the final step by the employer. Some employees are seen to try to appeal this termination as most cases is seen to be failed attempts as their cases has already been settled by the panel.
Answer: 6250
Explanation:
From the question, we are informed that Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales price is $50 per unit. santiago desires to earn an annual profit of $34,000.
The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:
Contribution margin ratio = (Sales price - Variable cost)/Sales price
= (50-34)/50
= 16/50
= 0.32
Sales = (66,000 + 34,000)/0.32
= 100,000/0.32
= 312,500
Sales volume in units will be sales divided by price. This will be:
= 312,500/50
= 6250
