Manson Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 11,500 of the assembly part at $6 per unit. If the offer is accepted, Manson will save all variable costs but no fixed costs. Prepare an analysis showing the total cost saving, if any, Manson will realize by buying the part.

Answers

Answer 1

Answer:

Total Annual Cost

Buy $92,000

Make $103,500

Net income -$11,500

The decision should be to MAKE the part

Explanation:

Preparation of an analysis showing the total cost saving

MANSON INDUSTRIES

Make Buy Net Income Inc. ( dec.)

Variable Mfg. Costs $57,500 $0 -$57,500

($5*11,500)

Fixed Mfg. costs $34,500 $34,500 0

($3*11,500)

Purchase price $0 $69,000 -$69,000

($6*11,500)

Total Annual Cost $92,000 $103,500 -$11,500

Therefore based on the above analysis The decision should be to MAKE THE PART because it is cheaper or lesser than Buy decision.


Related Questions

The Panama Canal has completed a tremendous expansion the will allow nearly double the capacity than previously available. What are the benefits and challenges from this expansion

Answers

Answer:

The answer is below

Explanation:

There are various benefits and challenges from the Panama Canal expansion

Some of the Benefits are:

1. There will be rapid growth in the trading activities within the Caribbean region

2. Pacific-Atlantic trade will increase generally, which will benefit the stakeholders and countries within the area including their seaports in terms of high concentration of goods, lower cost, and rapid circulation

Some of the Challenges are:

1. The need to adjust to logistical and services platforms by the Caribbean countries

2. How the stakeholders and countries around the region support and absorb the tremendous increase that is expected in the mobilization of containers.

You have recently seen a credit card advertisement that states that the annual percentage rate is 10.2 percent. Of the credit card requires monthly payments, what is the effective annual rate of interest on the loan

Answers

Answer:

The answer is "[tex]=10.7\%[/tex]".

Explanation:

Using formula:

[tex]EAR=[(1+\frac{APR}{m})^m-1[/tex]

Where m=compounding period

[tex]\to EAR=[(1+\frac{0.102}{12})^{12}]-1[/tex]

             [tex]=[(1+0.0085)^{12}]-1\\\\=[(1.0085)^{12}]-1\\\\=1.107-1\\\\=0.107[/tex]

             [tex]=10.7\%[/tex]

The following cash transactions occurred during the period.
Interest received in cash $18,000
Payment of wages to employees $35,000
Purchase of a piece of equipment for cash $120,000
Distribution of cash dividend declared last year $25,000
Fill in the statement of cash flows following US GAAP. Use the direct method for calculating cash flow from Operating Activities.

Answers

Answer:

-$17,000

Explanation:

The computation of the cash flow from Operating Activities is shown below;

= Interest received in cash  - Payment of wages to employees

= $18,000 - $35,000

= -$17,000

Hence, the cash used from operating activities is -$17,000

So the same is considered and relevant

according to investment digest (diversification and the risk/reward relationship, winter 1994, 1-3), the mean of the annual return for common stocks from 1926 to 1992 was 16.5% and the standard deviation of the annual return was 19%.what is the probability that the stock returns are greater than 17%.

Answers

Answer:

0.488

Explanation:

Mean annual return for common stocks = 16.5%

standard deviation of annual return = 19%

Determine the probability that the stock returns are greater than 17%

P ( Stock returns > 17% )

stock returns = x

= 1 - p ( x - μ / 6  <  17 - 16.5 / 19 )

∴ 1 - p ( Z < 0.03 )

= 1 - 0.5120 = 0.488

In 2011, Starbucks terminated a contract with Kraft Foods that allowed Kraft to sell bagged Starbucks coffee in grocery stores. The early termination resulted in litigation between Kraft and Starbucks. After an arbitrator found in Kraft's favor, Starbucks recorded a liability for $2.8 billion.

Required:
This behavior is typical of many companies today. What is your opinion on the reasons companies behave this way? Is it realistic? Why or why not?

Answers

Answer:

Starbucks and Kraft Foods

The reasons companies terminate contracts before their expiration include impossibility of performance, material breaches of contract terms, misrepresentation, fraud, lack of capacity, mutual mistake, and frustration.

The reason for Starbucks' termination of the contract was "multiple material breaches."  These were not established by the arbitrator, who  delivered judgment in Kraft's favor.

It is not always realistic to terminate a long-standing contract without abiding by the contract termination terms because the damages and accruing interests that can be awarded against the terminating company may be too huge.

Explanation:

The "multiple material breaches" that Starbucks alleged against Kraft included the allegation that "Kraft did not always meet minimum advertising budgets or keep Starbucks involved in major initiatives."  According to Starbucks, these violations eroded its "brand equity."

Tax Savings. John and Cheryl just borrowed $30,000 on a home equity line of credit. The interest rate for the loan is 6.75% for the entire year, and they took out the loan on May 1. John and Cheryl are in the 28% tax bracket. What will be their tax savings for the first year ending December 31st

Answers

Answer:

$378

Explanation:

Interest expenses in current year = Amount of borrowing*Interest rate*8 month/12 months

Interest expenses in current year = $30,000 * 6.75% * 8/12

Interest expenses in current year = $1,350

Tax saving on interest expenses = Interest expenses * Tax rate

Tax saving on interest expenses = $1,350 * 28%

Tax saving on interest expenses = $378

So, their tax savings for the first year ending December 31 will be $378.

An analyst gathered the following information about a company: 01/01/04 - 50,000 shares issued and outstanding at the beginning of the year 04/01/04 - 5% stock dividend 10/01/04 - 10% stock dividend What is the company's weighted average number of shares outstanding at the end of 2004

Answers

Answer:

Company A

The company's weighted average number of shares outstanding at the end of 2004 is:

= 53,188 shares.

Explanation:

a) Data and Calculations:

Date        Description                               Weight    Weighted Average

01/01/04 - 50,000 shares issued

 and outstanding                                      12/12     = 50,000

04/01/04 - 5% stock dividend (2,500)      9/12     =     1,875

10/01/04 - 10% stock dividend (5,250)     3/12      =     1,313

Total weighted average number of shares =          53,188

For the followinfdsfsdfdsd fdfds fds fsdfsd sd fsdf dsf s

Answers

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Hot Topic has a policy of promoting from within. If Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience ___, even if they are not chosen for promotion.
a. procedural justiceb. interactional justicec. equityd. positive inequitye. distributive justice

Answers

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

Which has a direct upon the environment? A. Business operations b. Taxation C. Presidential elections D. None of the above

Answers

Answer:

creo que la  A

Explanation:

porque  por que ahi se buscaria lo que es mas barato y que es mejor para la empresa asi que en esos casos es donde se pone al medio ambiente en riesgo ya que para estos tienen menor importnciaa

Business operations. Has an effect on the environment

Green Goddess Developers is a large nationwide landscape company with home offices in Libertyville, IL. The local media often gushes over the gorgeous landscaping that surrounds the 30-acre headquarters. At the back end of the complex are several large warehouses and garages that hold large equipment. The grounds surrounding the warehouses look like a park. Across the street from the garages are several shops and businesses. The CEO, Patty, often talks about how thankful she is that the town permits her to store equipment at that site, and vows to always maintain the premises for her neighbors, not to mention that she asks 100 employees to come to work there every day. Which of the following statements describes Patty's business philosophy?
A. Patty is a nice woman whose company made a lot of money, so she is willing to spread it around.
B. Patty understands that even though it may cost a little more, stakeholder considerations are very important if you want your business to thrive.
C. Patty is more concerned about town politics than about the company profits. She should ask his employees if they would rather have that money in their pockets than on the lawns.
D. Patty is taking a business risk that her trucks and equipment will not make too much noise as they enter and exit the garages.

Answers

The correct answer if I am right will be B

Why hasn't globalization benefited the majority of the world's underdeveloped countries?
A. underdeveloped countries don't have the natural resources needed to fuel high levels of industrial production
B. underdeveloped countries use protectionist policies to isolate themselves from international trade
C. underdeveloped countries rely on exporting agricultural goods to developed countries
D. underdeveloped countries don't have the productive capacities necessary to take advantage of increasing national trade

Answers

I think it’s A or B not sure tho

The answer is D. Under developed countries don’t have the productive capacities necessary to take advantage of increasing national trade

A part of financial report of company Z is given below. Calculate days of supply for company Z.

Value of finished goods on-hand $2,930
Value of production materials on-hand $1,640
Value of work-in-process inventory $710
Cost of goods sold $12,500
Net revenue $24,800

a. More than 0 but less than or equal to 60
b. More than 60 but less than or equal to 100
c. More than 100 but less than or equal to 140
d. More than 140 but less than or equal to 200 More than 200

Answers

Answer:

Company Z

The days of supply for Company Z are:

d. More than 140 but less than or equal to 200

Explanation:

a) Data and Calculations:

Value of finished goods on-hand $2,930

Value of production materials on-hand $1,640

Value of work-in-process inventory $710

Total inventory = $5,280

Cost of goods sold $12,500

Net revenue $24,800

Days of Supply = Average Inventory/Cost of goods sold * 365

= $5,280/$12,500 * 365

= 154.2 days

b) The Inventory Days of Supply for Company Z or Days Inventory Outstanding" or Inventory Period measures the average number of days Company Z holds its inventory before selling it. As an efficiency ratio, the ratio measures the number of days Company Z's funds are held up in inventory before actual sales to customers.

An economist wants to study the effect of income on savings. He collected data on 120 identical twins. Which of the following methods of estimation is the most suitable method, if income is correlated with the unobserved family effect, i.e.a) random effects estimationb) nonlinear least squared estimationc) least Squares Dummy Variable (LSDV) approachd) ordinary least squares estimation

Answers

Answer:

The correct option is c) least Squares Dummy Variable (LSDV).

Explanation:

Dummy variables can be used in dynamic panel data models to explain the effect of each individual unit of a cross section that is unobserved but accurately characterizes the model of relation. The individual effect is assumed to be fixed across time in each individual in the least squares dummy variable (LSDV) estimation. If the unobserved effect and the explanatory variables are correlated, the assumption of fixed effects gives more exact estimators than the assumption of random effects.

Therefore, the most suitable method, if income is correlated with the unobserved family effect is least Squares Dummy Variable (LSDV).

This implies that the correct option is c) least Squares Dummy Variable (LSDV).

what is the most important value adding service criteria?

Answers

Answer:

functional value, monetary value, social value, and psychological value

It is sometimes suggested that the Fed should try to achieve price stability: that is, 0% inflation. If the velocity of money is constant, does zero-inflation mean the money supply should never change?

Answers

Answer:

Money supply should not change

Explanation:

Money supply should not change given that when the velocity ( flow ) of money is constant the Inflation is at zero ( 0% )

This is because the increase in supply of money without an appropriate increase in the economy of the country will be lead to inflation. To avoid any chance of inflation the velocity of money should remain constant.

Bond X is noncallable and has 20 years to maturity, a 11% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 7%. How much should you be willing to pay for Bond X today

Answers

Answer:

Present value = $1,170.68

Explanation:

The value of the bond in 5 years will be:

PV of face value = $1,000 / (1 + 7%)¹⁵ = $362.45

PV of coupon payments = $110 x 9.1079 (PVIFA, 15 periods, 7%) = $1,001.87

Total value = $1,364.32

The current value of the bond is:

PV of face value = $1,364.32 / (1 + 12%)⁵ = $774.15

PV of coupon payments = $110 x 3.6048 (PVIFA, 5 periods, 12%) = $396.53

Present value = $1,170.68

How does the mode of corroborating (e.g. strategic alliance, joint venture, licensing, outsourcing, collective research organization) influence the success of a collaboration?

Answers

Answer:

Organizations are always looking for new strategies to leverage their profits and market positioning. Corroboration arises then as a strategy in which two or more companies unite temporarily or not, through strategic alliance, licensing, joint venture, outsourcing, etc., with the common objective of expanding their market share and profits.

The way to corroborate influences the success of a collaboration because the chosen strategy is aligned with the organizational values ​​and objectives. When two companies join a strategic alliance, for example, they share their resources, knowledge, technologies, market value and others, to achieve different joint benefits, such as competitive advantage, consumer attraction, greater positioning, increased market share, etc.

Bank ABC has checkable deposits of $415 million and total reserves of $50 million. The required reserve ratio is 9 percent. The bank has excess reserves of Group of answer choices $14,550,000. $12,650,000. $365,000,000. There is not enough information provided to answer this question. $45,500,000.

Answers

Answer:

$12,650,000.

Explanation:

Reserves is the total amount of a bank's deposit that is not given out as loans

Reserves = Deposits - outstanding loans

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

0.09 x 415 million = 37.35 million

Excess reserves is the difference between reserves and required reserves

50 million - 37.35 million = 12.65 million  

Select the correct answer
What is a federal budget
A
an evaluation of the government's current revenue sures
an estimate of the government's total revenue and spending
a calentation of the amount needed to make the government debt free
a comparison of the government's foreign and domestie earnings
Resol
Next

Answers

B) an estimate of the government's total revenue and spending

Some portion of fixed assets and the nonseasonal portion of current assets are financed with long-term capital, and all seasonal needs of current assets and the remaining portion of fixed assets are financed with short-term loans. Which current asset financing policy is consistent with this statement

Answers

Answer: Aggressive approach

Explanation:

With an Aggressive approach to financing, the management is trying to take advantage of the fluctuations in interest rates by using short term loans to finance some parts of fixed assets as well as current assets. This is what is happening here so the management must be using aggressive financing.

This is unlike the conservative approach where fixed assets are financed with long term financing like stocks and bonds with the logic being that both of them have similar lifetimes and so will supply adequate cashflow for the payment of interest overtime.

The following labor standards have been established... The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.4 hours Standard labor rate $ 16.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 5,200 hours Actual total labor cost $ 87,360 Actual output 1,100 units
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Standard labor hours per unit of output 4.4 hours

Standard labor rate $ 16.70 per hour

Actual hours worked 5,200 hours

Actual total labor cost $ 87,360

Actual output 1,100 units

To calculate the direct labor efficiency and rate variance, we need to use the following formulas:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (16.7 - 16.8)*5,200

Direct labor rate variance= $520 unfavorable

Actual rate= 87,360/5,200= $16.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,100*4.4 - 5,200)*16.7

Direct labor time (efficiency) variance= $6,012 unfavorable

Find the present value of $3,900 under each of the following rates and periods: (Round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value $ b. 6.6 percent compounded quarterly for eight years. Present value $ c. 4.3 percent compounded daily for four years. Present value $ d. 5.7 percent compounded continuously for three years. Present value $

Answers

Answer:

(a) 8.9 percent compounded monthly for five years is $2,503.32.

(b) 6.6 percent compounded quarterly for eight years is $2,310.09.  

(c) 4.3 percent compounded daily for four years is $3,283.75.  

(d) 5.7 percent compounded continuously for three years is $3,287.05

Explanation:

The Present Value is calculated by using:-

Present Value = Future Value / (1 + r)n  

Here, r is the Interest Rate and n is the number of periods.

(a). 8.9 percent compounded monthly for five years:-  

Future Value = $3,900  

Interest Rate (r) = 0.741667% [8.90% / 12 Months])  

Number period (n) = 60 Years [5 Years x 12]  

Present Value = Future Value / (1 + r)n

 [tex]= $3,900 / (1 + 0.00741667)60\\= $3,900 / 1.5579298\\= $2,503.32[/tex]

(b). 6.6 percent compounded quarterly for eight years:-  

Future Value = $3,900  

Interest Rate (r) = 1.65% [6.60% / 4]  

Number period (n) = 32 Years [8 Years x 4]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.0165)32\\= $3,900 / 1.688248\\= $2,310.09[/tex]  

(c). 4.3 percent compounded daily for four years  

Future Value = $3,900  

Interest Rate (r) = 0.0117808% [4.30% / 365 Days]  

Number period (n) = 1460 Years [4 Years x 365 Days]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.000117808)1460\\\\= $3,900 / 1.187665\\\\= $3,283.75[/tex]  

(d). 5.7 percent compounded continuously for three years  

Future Value = $3,900  

Interest Rate (r) = 0.0156164% [5.70% / 365 Days]  

Number period (n) = 1095 Years [3 Years x 365 Days]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.000156164)1095\\= $3,900 / 1.1864749\\= $3,287.05[/tex]

Match each marketable security with its description. (a) Eurodollar deposit (b) Banker's acceptance (c) Federal agency issue (d) Commercial paper (e) Repurchase agreement (f) Treasury bill (g) Money market mutual fund (h) Negotiable certificate of deposit (i) Treasury note 1. ________ A short term, unsecured promissory note issued by a corporation. 2. ________ An obligation of the U.S. Treasury with common maturities of 91 to 182 days. 3. ________ A portfolio of marketable securities. 4. ________ An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. 5. ________ An obligation of the U.S. Treasury with mutual maturities of between one and seven years. 6. ________ Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. 7. ________ An instrument issued by the Federal National Mortgage Association. 8. ________ Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. 9. ________ Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities.

Answers

Answer: See explanation

Explanation:

1. A short term, unsecured promissory note issued by a corporation. = Commercial paper

2. An obligation of the U.S. Treasury with common maturities of 91 to 182 days. = Treasury bill

3. A portfolio of marketable securities. = Money market mutual fund

4. An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. = Repurchase agreement

5. An obligation of the U.S. Treasury with mutual maturities of between one and seven years. = Treasury note

6. Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. = Negotiable certificate of deposit

7. An instrument issued by the Federal National Mortgage Association. = Federal agency issue

8. Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. = Eurodollar deposit

9. Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities = Banker's acceptance.

Baby boomers in America are aging. Describe how this might affect the marketing mix for the business selected.

Answers

Answer and Explanation:

Baby boomers are the generation born between 1946 and 1964, after World War 2. They are known as "Baby boomers" because there was very high birth rate in that time. Depending on the business selected, the price, place,promotion and product(4ps) will be considered in arriving at the most suitable goods/services to sell to baby boomers. To better understand this, we would have to consider the habits typical of baby boomers. For example, baby boomers value relationships and family, and are also strong 9 to 5'ers with strong work ethics. Now we did have to factor this into our 4ps to know what would sell to them.

Hadley Company is considering the disposal of equipment that is no longer needed for operations. The equipment originally cost $600,000 and accumulated depreciation to date totals $460,000. An offer has been received to lease the machine for its remaining useful life for a total of $290,000, after which the equipment will have no salvage value. The repair, insurance, and property tax expenses that would be incurred by Hadley on the machine during the period of the lease are estimated at $75,800. Alternatively, the equipment can be sold through a broker for $230,000 less a 10% commission. Required: Prepare a differential analysis report, dated June 15. Use a minus sign to indicate costs or a negative impact on income. Below the report, indicate whether the equipment should be leased or sold.

Answers

Answer and Explanation:

The preparation of the differential analysis report is presented below:

Particulars    Lease Equipment   Sell Equipment  Differential Effect on Income

                       (Alternative 1)               (Alternative 2)           (Alternative 2)

Revenues           $290,000                  $230,000              ($60,000)

Less: Costs      -$75,800                        $23,000               ($52,800)

                                           (10% of $230,000)

Income (Loss) $214,200                          $207,000            ($7,200)

Based on the above report, the equipment should be leased as it generated more profit as compared to sell of an equipment

Determining opportunity cost
Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the dress:
Store Travel Time Each Way Price of a Dress
(Minutes) (Dollars per dress)
Local Department Store 15 102
Across Town 30 87
Neighboring City 60 63
Juanita makes $58 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $58 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
Store Opportunity Cost of Time Price of a Suit Total Cost
(Dollars) (Dollars per suit) (Dollars)
Local Department Store 103
Across Town 88
Neighboring City 63
Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the:______. .

Answers

1. The opportunity cost and total cost table is shown in the attached image below. 2.  Juanita will minimize the cost of the dress if she buys it from the: Neighboring City.

The value of the next best alternative foregone when a decision is made to opt for resources like time, money, or effort to a certain option is known as opportunity cost. In other words, it is the cost of choosing one choice over another while considering the benefits and drawbacks of both options.

As there are only so many resources available, selecting one choice frequently implies forgoing its advantages. It's a manner of approaching decision-making that considers both the advantages and disadvantages of various options

Learn more about opportunity cost here:

https://brainly.com/question/29636685

#SPJ12

The complete question might be:

Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $103 for the dress: Juanita makes $16 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.

1.Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.

2. Assume that Juanita takes opportunity costs and the price of the dress into consideration when she shops. Juanita will minimize the cost of the dress if she buys it from the :______.

Prepare the journal entries to record the following transactions for Reese Company, which has a calendar year end and uses the straight-line method of depreciation
On September 30, 2017, the company sold old equipment for $46,000. The equipment was purchased on January 1, 2015, for $96,000 and was estimated to have a $16,000 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2016.

Answers

Answer:

To explain the answer is given as follows,

Explanation:

Someone offers to buy your car for five, equal annual payments, beginning 6 years from today. If you think that the present value of your car is $15,000.00 and the interest rate is 10%, what is the minimum annual payment that you would accept

Answers

Answer:

The minimum annual payment that you would accept is $7,010.

Explanation:

Using the future value formula, we have:

Future value of the car in 6 years = Present value * (100% + Interest rate)^number of years = $15,000 * (100% + 10%)^6 = $26,573.42

Using the present value of an ordinary annuity formula, we have:

Minimum annual payment = Future value of the car in 6 years / ((1 - (1 / (100% + Interest rate))^number of years to pay equal amount) / Interest rate) = $26,573.42 / ((1 - (1 / (100% + 10%))^5) / 10%) = $26,573.42 / 3.79078676940845 =  $7,010

Therefore, the minimum annual payment that you would accept is $7,010.

how can strategic leaders be successful in an industry like the airlines industry

Answers

Answer:

Strategic leaders can help any airline related issue to be solved

Explanation:

Strategic leaders are needed everywhere. An airline company would indeed benefit from a strategic leader and or manager

Other Questions
Which polynomial represents the difference below?(8x^2 + 9) - (3x^2 + 2x + 5)A. 11x^2 2x+ 4B. 5x^2 - 2x + 14C. 5x^2 - 2x + 4D. 11x^2 + 2x + 14PLSSS help I dont got da money for a trial whats the volume of the prism? Select the response that best answers the question belowIn a school of 910 pupils, are boys andof the boys wear glasses. How manyboys wear glasses?(A)156(B)390(C)520(D) 754 5.Gentleman is to lady as nephew is Select the correct answer.Date Daily Balance2-20-2013 -$61.522-25-2013 $912.522-28-2013 $225.783-05-2013 -$228.823-06-2013 -$168.553-08-2013 $27.58The table shows the balance in Mr. Wallace's bank account on different dates. On which date was the account balance the lowest?A. 2-20-2013B. 2-25-2013C. 3-05-2013D. 3-08-2013 13. You are 3 inches taller than you were last year last year you were 60 inches tall. How tall are you now? Sangay runs 2/3 hours each day. how many hours does he run in two weeks? What is the theme of A Minks ones own A company sells widgets. The amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. Using this equation, find out the maximum amount of profit the company can make, to the nearest dollar. y=-2x^2+105x-859 y=2x 2 +105x859 The fable "Why the Sun Is Brighter Than the Moon is important to its culture because it reveals Label the following items as common features of either prose, poetry, or both.uncertain sentence structure :first word of sentence capitalized :musical sound :figurative language :rhythmical pattern :carefully chosen diction :grammatical structure : In general, accelerating cash inflows and decelerating cash outflows would maximize the time value of money.a. Trueb. False Which reform established by Talt actvocaled for improving the lives of family, addressing abuse and neglect, and laterbecame part of the Department of Health and Human Services?O the Children's BureauO the Payne-Aldrich Tariff ActO the Federal Reserve systemO the Food and Drug Administration HURRY I NEED HELP!!!!! State the number of complex roots and the possible number of real and imaginary roots for each equation. Then find all roots, be sure to show all work! (equations are in the image below) Classify the following triangle. Check all that apply.A. Isosceles. B. EquilateralC. ScaleneE D. AcuteE. RightE F. Obtuse A.) Union of Soviet Socialist Republics B.) Mandate systemC.) Bolshevik Revolution D.) League of Nations Question:A running club keeps track of the number of hours each person has trained for a race and the length of time it takes the person to run the race. A scatter plot is graphed with the x-axis indicating the number of hours a runner has trained and the y-axis indicating the time, in minutes, it took to run the race. The equation y = 60 - 0.5x is used as the line of best fit of the data. What does the slope of the equation represent?options: aRunners will decrease their race time by 2 minutes for every 1 hour they have trained. bRunners will increase their race time by 2 minutes for every 1 hour they have trained. cRunners will increase their race time by 1 minute for every 2 hours they have trained. dRunners will decrease their race time by 1 minute for every 2 hours they have traine What the answer 1,2,3,4? What kind of information would you try to try to analyze to better understand why people immigrate to America? why is the expiry date necessary