Answer:
First Financial would divide the $10,500 loan by the present value of annuity due of 1.
The correct answer is C
Explanation:
Present value of annuity formula is used for determining the amount of loan payment. Since the payments will be made at the beginning of each month, we will apply the formula for present value of annuity due. In order to determine the amount of monthly payment, we will divide the principal by the present value of annuity due of 1.
<span>Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.</span>
Answer:
$3,418,800
Explanation:
Contribution margin per hour:
Plush: 4 units per hour x $231 = $924
Supreme: 2 units per hour x $317 = $634
Since contribution margin per hour from Plush is higher than Supreme, we select Plush as the most profitable sales. Hence,
Total contribution = 3,700 hours available x $924 = $3,418,800
Hope this helps!
Interest-bearing checking account.
