Answer:
2.85405 years
Explanation:
Cash Flows
Year 0 ($78,000)
Year 1 $29,500
Year 2 $32,700
Year 3 $18,500
Year 4 $10,000
Services United would receive $29,500 in year 1 therefore remaining balance is = 78,000 - 29,500 = 48,500
Services United would receive $32,700 in year 2 therefore remaining balance is = 48,500 - 32,700 = 15,800
Services United would receive $18,500 in year 3 therefore remaining balance is = 15,800 - 18,500 = -2700
We observe that the company would recover the initial amount somewhere in year 3
15800 / 18500 = 0.85405 years
Total payback period = 2 years + 0.85405 years = 2.85405 years
Answer:
The monthly payment will be $434
Explanation:
Price of New car = $21,900
Price of old car exchanged = $2,350
Cash Payment = $850
Amount of Loan = $21,900 - $2,350 - $850
Amount of Loan = A = $18,700
Rate of interest = r = 6% = 0.06 = 0.005 per month
Number of total periods = 12 x 4 = 48
P = $18500 / { [ ( 1 + 0.005 )^48 ] - 1 } / [ 0.005 ( 1 + 0.005)^48 ]
P = $18500 / [ 0.2704891611 / 0.006352446 ]
P = $18500 / 42.58
P = $434.47
Answer:
Correct answer is (C) The price and output of plumbing services will rise
Explanation:
In a monopolistic market if the service or commodity is initially in long-run equilibrium, and then there is an increase in demand, then, there will increase in price in a short run as people demands more and the provider of the service or the producer of the goods will tend to provide or produce more.
Answer:
false it will shift to the left
These are good ways for the service provider to address the intangibility characteristic of services.
When something is intangible, it means it can not be touched. When a customer receives a dog that was well groomed, and happy with the service that can not be passed directly on to another client. The testimonials help a potential customer see what they could get out of the service for their animal, though it can't be "touched".
