Demand curve representing Sheila's plates and cups: Explanation: We need to establish the demand function for Sheila's based on the points provided. This involves determining the line that connects those two points. After that, we can solve for b. Thus, we get b = 22.5, and we conclude by constructing the demand curve.
Answer:
c. $455.75
Explanation:
The calculations for the quarterly payments are as follows:
= Remaining balance ÷ PVIFA factor for 2.5% over 12 years
Here,
Remaining balance is
= $5,500 - $5,500 × 15%
= $5,500 - $825
= $4,675
And the PVIFA factor for 2.5% across 12 years is 10.2578.
Refer to the PVIFA table.
<pthus the="" quarterly="" payment="" amounts="" to="">
= $4,675 ÷ 10.2578
= $455.75
Considering quarterly payments, the rate is divided by four and the time frame becomes four times as long.
</pthus>
Answer:
total finance charge = $12,048
Explanation:
The total finance charge represents the combination of interest and additional charges a customer incurs for borrowing.
Tim will put down $4,000 and finance $36,000 at an interest rate of 12% over a period of 60 months. His monthly payment will be $800.80, resulting in a total payment of $800.80 x 60 = $48,048 over 5 years.
To calculate the total finance charge, subtract the principal amount of the loan from $48,048:
total finance charge = $48,048 - $36,000 = $12,048
Response:
The correct selections are options A and B
Clarification:
The CRM system refers to a system designed to collect and manage customer account data within a unified database and provide access through various networks such as intranet and internet. Thus, the involved components include data warehouses and databases, and it functions as a sophisticated analytical tool.
