Your cousin will sell you his coffee shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. What would your equal monthly payments be?
A. $4,029.37
B. $4,241.44
C. $4,464.67
D. $4,699.66
E. $4,947.01
Answer: E
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A cash payment that reduces a liability does not result in an expense
Indicate whether the statement is true or false
In a trend analysis, an index number of 139 for 20x5 sales indicates that
A) sales for 20x5 were 139 percent higher than sales for the same company in the base year. B) sales for 20x5 for this company were 139 percent of the sales figure of another company being used in the comparison. C) sales for 20x5 were 139 percent of the sales for the same company in the base year. D) actual sales for 20x5 exceeded budgeted sales for 20x5 by 39 percent.
With a batch size of 300 units, what is the per unit processing time for Process C?
A) 5 minutes 12 seconds B) 5 minutes 48 seconds C) 6 minutes D) 5 minutes 30 seconds
Chuckie, president of DrinkUp Fresh Beverages, Inc., does not apply utilitarianism to business ethical issues. One problem with utilitarianism is that it
A. gives business profits priority over production costs. B. ignores the practical costs of a given set of circumstances. C. requires complex cost-benefit analyses of simple situations. D. tends to justify human costs that many find unacceptable.