A restaurant has an average check of $15, with an average variable cost of $6. Fixed costs are $150000. What is breakeven sale revenue?
Answers
Answer:
Break-even point (dollars)= $250,000
Explanation:
Giving the following information:
Selling price= $15
Unitary variable cost= $6
Fixed cost= $150,000
To calculate the break-even point in sales dollars, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Contribution margin ratio= unitary CM / Selling price
Contribution margin ratio= (15 - 6) / 15
Contribution margin ratio= 0.6
Break-even point (dollars)= 150,000 / 0.6
Break-even point (dollars)= $250,000
Related Questions
Ken Iwig is the president, founder, and majority owner of Olathe Medical Corporation, an emerging medical technology products company. Olathe is in dire need of additional capital to keep operating and to bring several promising products to final development, testing, and production. Ken, as owner of 51% of the outstanding stock, manages the company's operations. He places heavy emphasis on research and development and on long-term growth. The other principal stockholder is Barb Lowery who, as a nonemployee investor, owns 40% of the stock. Barb would like to deemphasize the R&D functions and emphasize the marketing function, to maximize short-run sales and profits from existing products. She believes this strategy would raise the market price of Olathe's stock.
All of Ken's personal capital and borrowing power is tied up in his 51% stock ownership. He knows that any offering of additional shares of stock will dilute his controlling interest because he won't be able to participate in such an issuance. But, Barb has money and would likely buy enough shares to gain control of Olathe. She then would dictate the company's future direction, even if it meant replacing Ken as president and CEO.
The company already has considerable debt. Raising additional debt will be costly, will adversely affect Olathe's credit rating, and will increase the company's reported losses due to the growth in interest expense. Barb and the other minority stockholders express opposition to the assumption of additional debt, fearing the company will be pushed to the brink of bankruptcy. Wanting to maintain his control and to preserve the direction of "his" company, Ken is doing everything to avoid a stock issuance. He is contemplating a large issuance of bonds, even if it means the bonds are issued with a high effective-interest rate.
Instructions:
(a) Who are the stakeholders in this situation?
(b) What are the ethical issues in this case?
(c) What would you do if you were Ken?
Answers
The stakeholders are Ken Iwig. The ethical issues include conflict of interest, the duty of care, transparency, and disclosure, and fair treatment of minority shareholders. Ken should prioritize the long-term interests of the company and stakeholders, evaluate options, and ensure fair treatment of minority shareholders. If consensus cannot be reached, selling his majority ownership stake may be considered.
(a) The stakeholders in this situation are Ken Iwig, the president, founder, and majority owner of Olathe Medical Corporation, who is in control of the company's operations and wants to maintain his control and preserve the direction of "his" company.
Barb Lowery, the other principal stockholder, wants to deemphasize the R&D functions and emphasize the marketing function, to maximize short-run sales and profits from existing products.
The minority stockholders are opposed to the assumption of additional debt and fear the company will be pushed to the brink of bankruptcy.
The company, Olathe Medical Corporation, is in dire need of additional capital to keep operating and to bring several promising products to final development, testing, and production.
(b) The ethical issues, in this case, are Conflict of interest: Ken's personal interests as the majority owner of Olathe Medical Corporation may conflict with the interests of other stakeholders, such as Barb and the minority stockholders.
Duty of care: Ken has a duty to act in the best interests of the company and its stakeholders, which may involve making difficult decisions, such as raising additional capital or pursuing a different direction for the company.
Transparency and disclosure: Ken should disclose the potential risks and benefits of different options to all stakeholders and allow them to make informed decisions.
Fair treatment of minority shareholders: Ken should ensure that the minority shareholders are treated fairly and not unduly prejudiced by any decisions he makes.
(c) If Ken were in this situation, he should consider the long-term interests of the company and its stakeholders, rather than his own personal interests as the majority owner.
He should evaluate the potential risks and benefits of different options, such as raising additional capital through a bond issuance or pursuing a different direction for the company.
He should also ensure that the minority shareholders are treated fairly and not unduly prejudiced by any decisions he makes. If he is unable to reach a consensus with the other stakeholders, he may need to consider selling his majority ownership stake in the company to a third party who can bring a different perspective and direction to the company.
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25 points
You are an experienced customer service representative. How will you handle an irate customer? What skills will you employ? Your response must be at least 150 words.
Answers
Answer:
The impatient customer
The situation: An impatient customer may have been waiting in line longer than usual, they may be running late to their next appointment, or maybe they're restless while you search for a solution to their issue or concern.
How to handle it: Be clear and to the point without appearing dismissive of their demeanor. Explain transparently why there's a wait or delay without getting into specifics. Make sure an impatient customer knows that effort is being invested in resolving the situation.
Frame your answers in a positive light, too. For example, instead of saying that an item is out of stock, explain that a new delivery is expected by a certain date or that you are working quickly to restock the items in question
Which situations offer examples of Banking and Related Services workers? Check all that apply.
Anna analyzes loan applicants to decide whether to give them loans.
Aaron helps customers put money into and remove money from their accounts.
Jared researches the credit history of people applying for credit.
Tamara reviews the finances of a business to determine whether it is profitable.
Raquel helps individuals and companies prepare their tax forms.
Troy helps a family create a budget to save more money.
Answers
Anna provides loan applicants to decide to give them loans, put money into and remove money from their accounts and Jared researches the credit history, hence options A, B and C are correct.
What are Banking and Related Services workers?The five most significant banking services include checking and savings accounts, loan and mortgage services, wealth management, issuing credit and debit cards, and overdraft services.
An individual who works for a bank and assists customers with standard financial transactions is known as a bank teller or bank clerk.
They do daily tasks that include processing withdrawals, making deposits, and giving customers of bank money orders or cashier's checks.
Therefore, these services also comprise analysis loan applicants with basic features and a device for utilizing the account (such as a debit card and online banking ID), hence options A, B, and C are correct.
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Answer:here the answer for this question
Explanation:edge2023
please answer i’ll give points
Answers
Answer:
Try using chatgpt to get your answers quickly. Check it out online
it is antibullying month what are some ways you can prevent bullying to happen in any way?
Answers
Again, how do you pay taxes?
Answers
The purpose of time management is to ________. a. maximize productivity b. write all your tasks out c. allow for delegation d. none of the above please select the best answer from the choices provided a b c d
Answers
The purpose of time management is to maximize productivity.
What is time management?Time management is a tool used by an individual to plan how work will be arranged and done.
Time management helps take care of the following:
Creating a daily plan Determining productive timesMaximize productivityHence, the purpose of time management is to maximize productivity.
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Answer:
A
Explanation:
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that ______. Multiple choice question. better ethics comes with increased standard of living the United States is often overly critical of foreign business practices the United States has more highly evolved ethical practice moral standards are relative to particular societies
Answers
What is considered a human rights abuse by an American company may be viewed as an acceptable business practice in China, which illustrates that moral standards are relative to particular societies.
What are moral standards?In summary, moral standards are what a person of society considers to be right or wrong regarding human behavior. These standards are often different in the distinct cultures and societies around the world, often due to differing histories that helped to form them.
Therefore, we can confirm that the situation described in the question is a direct result of the moral standards being relative to particular societies.
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A product enters the maturity phase of the life cycle, during which sales are
strong but growth is slowing. What product management activity is most
appropriate?
A. Trying to improve the product's performance
B. Discontinuing sales of the product
C. Focusing on the other products in the mix
D. Spinning off the product line
Answers
Answer:
A. Trying to improve the product's performance
Explanation:
A product at the maturity stage is well known to customers. It has its market share, but sales seem to grow at a sluggish pace. To keep the products' market vibrant, manufacturers tend to make positive variations on the product. Some of the variations include redesigning the package, adding new flavor, or improving its performance.
Improving the product's performance is a good way to maintain sales and increase the growth rate. Existing customers will have a reason to continue buying the product. The improved features attract new customers also.
The statement in the pic justifies a topic ( Adopt electronic health records technology to reduce coding and billing errors) recommended by an advisor for a Capstone candidate.
What is your comment or reactions to how the advisor addresses the topic she recommends for the Capstone candidate? As an advisor, I would recommend Malika to choose initiative A. Adopt electronic health records (EHR) technology to reduce coding and billing errors. EHR systems are very costly to implement and train staff, but I think it has more pros than cons once implemented. EHRs help better manage patient care by providing accurate/ up-to-date patient health information and having this information available in one place when needed. EHRs reduce the amount of time providers spend doing paperwork by having a secure sharing of information with other providers, patients, and healthcare staff. Also, EHRs helps with better patient diagnosis, higher patient satisfaction, reimbursements, and revenue cycle management. EHRs have a lot of benefits but as I mentioned, if staff are not trained properly than having the system means nothing. The organization will still run into inaccurate data entries that lead to claim denials. Denials can have a huge impact on an organization affecting the bottom line. All staff involved in documentation need to be trained including physicians. Involved staff should understand that improved documentation equals improved reimbursement.
Answers
The advisor's recommendation for Malika to choose the initiative of adopting electronic health records (EHR) technology to reduce coding and billing errors is well thought out and practical. It is easy to see that the advisor understands the potential challenges that Malika may face in implementing this initiative and how to address them.
EHRs are costly to implement and train staff. Still, the advisor goes ahead to highlight how EHRs offer more benefits than drawbacks once they are implemented. This includes better management of patient care, more accurate patient health information, improved patient diagnosis, higher patient satisfaction, and better revenue cycle management.The advisor rightly points out that one of the crucial factors that determine the success of EHR implementation is staff training.
The implementation of EHRs may be meaningless if staff are not trained correctly. Incorrect data entries are some of the challenges that can lead to claim denials, which can significantly affect the organization's bottom line. Therefore, staff involved in documentation, including physicians, need to be trained to ensure that they understand the importance of improved documentation for improved reimbursement.In conclusion, the advisor's recommendation for Malika to adopt electronic health records technology to reduce coding and billing errors is well-grounded, with practical insights and solutions.
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One explanation for the negative slope of the aggregate demand curve is the "WEALTH EFFECT" (AKA the "real-balances" effect) What is this effect?
Answers
The wealth effect, also known as the real-balances effect, is one of the reasons why the aggregate demand curve has a negative slope. The wealth effect states that as the prices of goods and services decrease, the purchasing power of consumers' real balances, or wealth, increases.
This increase in wealth leads to an increase in consumer spending, which in turn increases the aggregate demand for goods and services.
On the other hand, when prices of goods and services increase, the real value of consumers' wealth decreases, which reduces their purchasing power. This decrease in purchasing power leads to a decrease in consumer spending, which decreases the aggregate demand for goods and services.
Therefore, the wealth effect explains why the aggregate demand curve slopes downwards. It shows that changes in the price level affect consumers' purchasing power, which in turn affects their spending habits, and ultimately, the level of aggregate demand in the economy.
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Using the spell-checker feature of a word-processing program, you can be confident that it will find all of the errors. O True O False
Answers
Answer:
Theirs a chance that it will. But puncuation Im not sure
Explanation:
Answer:
Answer: False
Explanation:
Edge 2020
Which term accurately describes Melanie, who was born in the United States and is currently working in Italy for a company headquartered in China
Answers
A third-country national serves as term that is utilized in description of Melanie, that is been given birth to, in the United States but Working in another country like China.
What is third-country national?
This serves as term to describe an individual that is doesn't belong to a citizen of a country such as United States but is is been assigned a duty.
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Banks play an important role in the United States economy by:
a
insuring depositors against the loss of personal property
b
preventing inflation
c
making loans to businesses
d
advising people when to retire
Answers
Banks play an important role in the United States economy by making loans to businesses. Hence, the correct option is c.
What are the roles of banks?A bank is a financial institution that accepts deposit from it customers and pay interest. Banks mainly take care of financial affairs and they are highly important to the economy. Various activities carried out by banks include personal banking, insurance, foreign exchange trading, corporate banking, etc.
The primary role of the banking system is to accept deposits from the general public so that the money can be given as a loan to the public in an effective way to foster the economy. It is the safest platform where people keep their money to get a bonus while people borrow money to continue operating.
Other role of banks are:
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Carrie billed her legal clients $6,000 for legal work completed during the month. This
transaction will
not be recorded until the cash is collected.
O cause a $6,000 increase in assets and revenues.
cause a $6,000 increase in revenues and liabilities.
cause a $6,000 increase in revenues and a decrease in liabilities.
Answers
The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.
What is the effect of service revenue?When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.
Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.
When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.
In conclusion, option B is correct.
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lucy has asked her staff to think of an ways for the company to gain a competitive advantage in social media. despite staff complaints, lucy feels the need to take action and has encouraged staff members to make social media a high priority in development before another company takes the advantage. how is mary overcoming resistance with her staff?
Answers
Mary overcoming resistance with her staff by creating urgency.
How to overcome resistance in business?
Overcoming Resistance to Change in Business: When considering change inside a company, you may find that even the majority of dedicated and hardworking people will develop some level of resistance. To overcome this opposition, you need anticipate, plan, and employ proactive methods and tactics.
At the same time, you must reassure staff that, while things may be changing, you remain dedicated to the overall results. This form of reassurance may persuade employees to accept a new organisational shift and programme far more easily than in the past.
One of the most effective ways to overcome employee opposition to change is to simply talk to everyone.
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Which of the following budgets
would be considered balanced?
A budget where the amount you spend is greater than the amount you
earn.
A budget where the amount you earn is equal or less than to the amount
you spend.
A budget where the amount you save is less than the amount you spend.
A budget where the amount you spend is equal or less than the amount
you earn.
Answers
PLS HELP ME I NEED THIS DONE TODAY!!! What does the audience focus on when an entire photograph is in focus? OA. OB. O c. O D. They focus only on the subject of the image. They review the entire image. They mainly focus on the foreground. They mainly focus on the background.
Answers
The answer is C. They mainly focus on the foreground in photograph.
When an entire is in focus, the audience's focus is not solely limited to the subject of the image. Instead, they tend to review the entire image, taking in all the details and elements present. While the subject may still attract initial attention, viewers often explore the composition as a whole.Photographs that are in sharp focus throughout offer a balanced visual experience, allowing viewers to engage with the foreground, middle ground, and background equally. This encourages them to examine various elements and relationships within the frame. To improve decision making and creativity in teams, several strategies can be employed. First, fostering open and inclusive communication is essential. Encouraging team members to freely express their ideas, opinions, and concerns creates a collaborative environment where diverse perspectives can be considered.Secondly, establishing a clear decision-making process can streamline the team's efforts. Defining roles and responsibilities, setting goals and objectives, and outlining the steps to reach a decision can enhance efficiency and effectiveness.Encouraging creative thinking and innovation is also crucial. Providing space for brainstorming sessions, idea generation, and exploration of different possibilities allows team members to think outside the box and come up with unique solutions.
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11
Which of the following is the term used to describe activities falling outside of the normal, required curriculum of school?
O Extraneous activities
extracurricular activities
supplementary activities
copious activities
Answers
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
Over the years, Ahmed and Aamina El-zayaty, of Berkeley, California, have accumulated $200,000 and $220,000, respectively, in their employer- sponsored retirement plans. If the amounts in their two accounts earn a 6 percent rate of return over Ahmed and Aamina's anticipated 20 years of retirement. How large of an amount could be withdrawn from Amina's account each month? Use the Garman/Forgue companion website or Appendix A-4 to make your calculations. A. $2,130 B. $1,598 C. $2,518 D. $1,127
Answers
The monthly withdrawal amount from Aamina's account would be approximately $1,598.
To calculate the monthly withdrawal amount from Aamina's account, we can use the present value of an ordinary annuity formula. The formula is:
PMT = (P * r) / (1 - (1 + r)^(-n))
Where:
PMT = Monthly withdrawal amount
P = Present value of the account
r = Monthly interest rate
n = Number of months in retirement
Given:
P = $220,000
r = 6% / 12 = 0.005
n = 20 * 12 = 240
Plugging in these values into the formula, we get:
PMT = (220,000 * 0.005) / (1 - (1 + 0.005)^(-240))
PMT ≈ $1,59
So, the correct option is B. $1,598.
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True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcement, taxes paid are NOT directly related to any specific benefit received by the taxpayer.
Answers
Answer:
True
Explanation:
Taxes paid are NOT directly related to any specific benefit received by the taxpayer.
Which of these is an educational institution where you can complete an undergraduate
study program in order to get a bachelor's degree?
A 2 year ollege
B Technical School
C Certificate program
D 4 year College
Answers
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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What does indigenous technology mean?
Answers
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
The right of a current stockholder to keep their percentage of
ownership on a corporation is:
1.Rights offering
2.Preemptive rights
3.Extra dividend
4.Dividend
Answers
Preemptive rights is the right of a current stockholder to keep their percentage of ownership on a corporation.However, Preemptive rights also referred to as preemption rights, is a privilege granted to existing shareholders of a corporation.
It allows them to buy a proportionate number of new shares of the company's stock that is about to be issued, thereby preserving their ownership percentage and the value of their investment.The preemptive right is usually granted to shareholders as a protective measure. This means that the current stockholders will be given the right to maintain their current percentage of ownership by buying new shares of the company before they are made available to the general public.In summary, the correct option for the right of a current stockholder to keep their percentage of ownership on a corporation is option B. Preemptive rights.
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describe how a company would balance the tradeoff between cost and speed when selecting a shipping method
Answers
Answer: The opportunity cost is the most desirable trade-off.
Explanation: Trade-offs refer to the choosing decisions that an individual faces when choosing between two-goods or making any other economic decision. For instance, a graduate may face a trade-off between choosing a job or starting up his own business.
While, opportunity cost is simply the cost of the lost alternative. For example, if the graduate chooses to start a business then his opportunity cost is the salary foregone from going for a job.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
A company would balance the tradeoff between cost and speed when selecting a shipping method through the Opportunity cost.
What is the meaning of the tradeoff ?The trade-off is a term used to describe the courses of action given up in order to perform the preferred course of action. Conversely, the opportunity cost is defined as the cost of opting one course of action and forgoing another opportunity, to undertake that course of action.
Thus, when deciding on which option to choose (trade-off) we always look at the option which has a lower opportunity cost. So we can say that they are the most desirable trade-off.
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1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
How
a regulated firm could seek to implement an effective corporate
governance regime?
Answers
Corporate governance involves the method by which organizations are governed and controlled. The objective of corporate governance is to ensure that firms are run in a way that complies with the law, their articles of association, and the best interests of their shareholders.
A regulated firm can implement an effective corporate governance regime in the following ways:Independent board The board of directors should be independent of the company's management to ensure effective governance. Members of the board of directors should be able to make impartial choices and be able to act in the best interests of the company's stakeholders.
Board members should be well-informed about the company's activities, plans, and risks to be able to make informed decisions. The board of directors should also be responsible for approving the company's business strategies and assessing their success.
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Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and Gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? Round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80.
Answers
The interest is the amount of payment that is given by the borrower to the lender of money, it is the excess amount that is paid for the use of money.
The amount of interest that Gertrude would pay is $2,908 to repay the total amount of the loan.
What is interest?Interest is the monetary charge for acquiring money, and it is mostly shown as a percentage, such as an annual percentage rate (APR).
Interest is the excess amount that is paid by the lender to use his money on a certain percentage, and it is repaid with the amount of principal.
Computation of Interest:
Given that,
Principal(P) = $5,550,
Interest Rate(i) = 6.8%,
\(\text{i} = \dfrac{6.8}{12\times100}\\\\\text{i} =0.005667\)
Number of monthly Installments(n)= 10×12 = 120.
Here, we apply the formula of E.M.I (Equated Monthly Installment):
\(\text{E.M.I.}= \dfrac{P\times i\times (1+i)^n}{(1+i)^n-1}\\\\\\\text{E.M.I.}=\dfrac{\$5,500\times 0.005667\times (1+0.005667)^1^2^0}{(1+0.005667)^1^2^0-1}\\\\\\\text{E.M.I.}=\$63.29\)
Here, the total installments of the loan are 120,
then the amount of total payment would be:
\(120\times\$63.29= \$7,594\)
Then, the amount of interest that is paid on the loan would be:
\(\text{Amount -Principal}= \text{Interest}\\\\\$7,594.28-\$5,500= \$2,094.28\\\\\\\text{Interest}= \$2,094.28\)
Therefore, the total amount of interest that Gertrude has to pay is $2,097.28.
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