1 mary borrows 420 000 to start a small business she agrees, Ask an Expert

Management Studies

1. Mary borrows $420 000 to start a small business. She agrees to repay the loan over a period of five years, from the time the loan is granted. The first payment, however, will be nine months after the granting of the loan. The interest rate is 18% p.a. compounded quarterly. Calculate the quarterly installments?

2. An industrial freezer with a cash price of $2,295 is purchased on the instalment plan with a $275 down payment and 30 monthly instalment payments of $78.98. Find the amount financed, installment price, and finance charge for the freezer.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92569784

Have any Question?Write your Review or question?

Related Questions in Operation Management

Scenario you are the ceo of megaglobe business solutions a

Scenario: You are the CEO of MegaGlobe Business Solutions, a financial consulting corporation based in Chicago that has just recently opened new offices in São Paulo, Brazil and Shenzhen, Guangdong, China. As part of thi ...

This week focuses on stakeholders in health care what do

This week focuses on stakeholders in health care. What do you see as the main conflicts between patients and families and payers (insurance companies, government payers (Medicare, Medicaid) in defining a high-quality, hi ...

Many national brands are supplying products to be sold by

Many national brands are supplying products to be sold by retailers under the retailer’s own private label. For example, Purina, Borden, Heinz – have all admitted to supplying products (sometimes lower in quality) – to b ...

Case- inventory amp distribution managementintroductionit

CASE- Inventory & distribution management Introduction It was late Wednesday afternoon and Sarah Metcalfe was sitting in her office reviewing the inventory valuation on the company balance sheet. She believed it was unde ...

1 respond to the following statement compensation does not

1. Respond to the following statement: Compensation does not affect a company’s performance. Do you agree or disagree? What is the rationale for your perspective? 2. Do you believe Unions are still relevant today? Why or ...

Below are some of the specific activities performed in a

Below are some of the specific activities performed in a monetary unit sampling application. Indicate, using the correct letter, which major step in monetary unit sampling application is most closely associated with the ...

1 select three distinct modes of transportation and

1. Select three distinct modes of transportation and describe the advantages and disadvantages of each mode, and provide an example of a product that would best fit each mode. 2. What is the purpose of project crashing a ...

1 what are the differences in the application of eoq to the

1. What are the differences in the application of EOQ to the purchase of scrap steel versus gold for electronic components? 2. Explain the appeal of unions to employees. Why do some employees do not wish for a union at t ...

Ldquowe are interested in lean training for our

“We are interested in lean training for our distribution center workers. Can you provide that for us, Professor Warren?” the (DC) manager inquired. “Yes, we have training material on lean systems and would be happy to fa ...

General motorsrsquo chevrolet brand celebrated its 100th

General Motors’ Chevrolet brand celebrated its 100th anni- versary in 2011. In its 100-year history, Chevrolet embarked on many different vehicle models, some of them widely successful and others deleted from the product ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert