According to the purchasing a car, the monthly payment, PMT is equal to $450.71.
What is the term monthly payment about?
A monthly payment refers to as a payment that include a money pay by the holder to his lender each month with interest amount.
Solution:
Given Information:
i) Value of Loan, or Present value, PV = 24000
ii) Annual percentage rate , APR = 0.048
iii) number of periods, n = 12
Thus,
Periodic interest, R = APR / n = 0.048 / 12 = 0.004
Number of years, t = 5
Monthly Payment, PMT = PV*R/1-(1+R)(-1*n*t)=24,000*0.004/1-(1+0.004)-60 = $450.71
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Gabriella spent a lot of time shopping for her wedding dress, spending considerable time and effort visiting some of the finest bridal shops in the area. For Gabriella, her wedding dress is a(n) ________ product.
For Gabriella, given the time and effort spent shopping for her wedding dress is a type of specialty product.
What is a specialty product?A specialty product is a type of consumer product. It is a good that possesses unique characteristics or a unique brand identification which makes it attractive to consumers. As a result, consumers spend a considerable amount and time purchasing such items. An example of a specialty product are luxury items.
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What was the name of the Starbucks social media marketing campaign that allowed customers to customize a cup with art
Answer:
They did a doodling design contest.
Explanation:
Taking a cue from customers who have been doodling designs on cups for years, Starbucks is launching a White Cup Contest. The contest encourages customers in the U.S. and Canada to decorate a Starbucks cup with customized art, take a photo of it, and submit the design through social media using #WhiteCupContest
learn more here: https://stories.starbucks.com/stories/2014/starbucks-invites-you-to-decorate-its-iconic-white-cup/
Should spreadsheets be used to maintain a checkbook?.
The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.
What are spreadsheets?A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.
The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.
Therefore, the above statement is true.
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Which of the following is not one of the reasons to track expenses when creating a budget
A. It helps you to analyze your spending habits.
B.It allows you to determine patterns in spending.
C. It helps you to identify which purchases can be reduced.
D. It allows you to find out if you can afford to set a savings goal.
Answer:
D. It allows you to find out if you can afford to set a savings goal is not a reason to track expenses.
Explanation:
Regardless of income, an individual should track their expenses to ensure that their money is being spent appropriately.
Answer choice A, B, and C are correct because if someone were to monitor their spendings, they would be able to discern the following:
What different goods and services they spend their money onHow often they purchase certain goods and servicesWhich goods and services they can cut down on to save costs for other necessary goods and servicesIndividuals who track their expenses are more likely to make better financial decisions than those who don't. Regardless of if someone makes 6 figures a year or someone who is employed at minimum wage, tracking expenses can help anyone to spend their money efficiently.
Hope this helps!
If the federal reserve increases the interest rate on bank deposits at the fed, banks will want to hold:.
Here is your answer:-
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
The primary economic function of the financial system is to.
The main task of the financial system is to channel funding from savers to investors.
Which of the following best describes how a free enterprise society answers the basic economic questions?
a
Allow the market to set prices for goods and services
b
Provide the state with ownership of all means of production.
c
Exchange goods by means of individual bartering.
d
Follow customs and traditions in deciding what to produce.
Answer:
the answer is a
Explanation:
ecnomic allows allow services and goods
If, for a given percentage increase in price, quantity demanded falls by a proportionately smaller percentage, then demand is:.
A demand is relatively inelastic if for an increase in price, the quantity demanded falls by a proportionately smaller percentage.
What is a relatively inelastic demand?A relatively inelastic demand refers to a when the percentage change produced in demand is less than the percentage change in the price of a product.
In conclusion, the inelastic demand are often seen in most essential goods.
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Which of the following is a type of machine safeguarding?
a) Punching
b) Feeding and ejection methods
c) Point of operation
d) In-going nip points
Performance goals are most likely to lead to performance improvement if: _________
a) they are set up as specific goals.
b) a copy of the final decision of the supervisor is given to the employee.
c) employees are told what took place by HRD.
d) the employee does not get involved in the process.
The best way to get performance goals to lead to performance improvement is if a) they are set up as specific goals.
How can performance goals be made more effective?When performance goals are set up as specific goals, employees know for certain what they are working towards.
This allows them to work harder because they will be working towards something specific that they don't have to think much about.
In conclusion, option A is correct.
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Assume is it 2016. Can Presidential candidate Hillary Clinton run a paid search campaign and have her ad triggered when someone types in ""Donald Trump?"" What is Hillary wanted her ad triggered when someone typed in ""Tiffany diamond wedding rings?""
No, this is illogical because the main aim of political campaigns is to gain the upper hand against her political rivals and not to get notified when someone searches for her political rival.
What is a Political Campaign?This refers to the organized effort among members of the same political ideology to try and influence the decision-making of the electorates before the elections.
Hence, we can note that political campaigns run high on opinion polls which is the public perception of the candidates and this is where the political candidates would focus their ad campaigns on and not on snooping on each other.
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Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities/ differences? (Emphasis on the differences)
Similarities:
They both are ways to reach out to advertise products through the use of technology making them seen by a very wide range of buyers
Differences:
Emails are ignored and deleted by lots of people making them less effective however people may still see them unless they go to junk mail. Regular online advertising however, might reach more people as they might appeal more with photos or slogans to help get the advertisment stuck in the buyers mind. In my opinion, online advertising is more effective than emails.
How is email a useful component of online banking? i. email alerts can be used to warn you before you overdraw your account. ii. you can have your bank statements emailed to you, getting them to you faster. iii. only emailed bank statements can be used to support electronically-filed tax returns. a. i only b. ii only c. i and ii only d. i, ii, and iii please select the best answer from the choices provided a b c d
Due to its capabilities of email alerts, notifications, and having your bank statements directly addressed to you with quicker speed, email is a useful component of online banking.
What are the benefits of online banking?(i) E-banking delivers services to the bank's customers 24 hours a day, 365 days a year.
(ii) It reduces transaction fees.
(iii) It instills financial discipline and encourages transparency.
(iv) It alleviates the pressure on bank branches.
Therefore, option (c) is the correct answer, i.e., (i) and (ii) only.
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Complete the concept map to describe the process by which breakdown products of foodstuffs are absorbed in the small intestine.
The process through which amino acids are absorbed in the primary active transport usually starts with the intestinal epithelial cells.
The process through which food is broken down in the small intestineThen fructose would have to be absorbed through diffusion into the same cells.
Glucose and galactose on the other hand are moved through active transport with sodium to the epithelial cells.
Large polymers are absorbed if the food was digested first through thde amino acids. With fatty acids being absorbed through diffusion to the cells.
The fatty acids would then be combined with glycerides in order to form micelles.
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Fatty acids and glycerides must combine with bile salts to form micelles
What is a company participating in when it directly invests in facilities to produce or market a product in a foreign country
Multinational enterprise is a term that refers to a situation whereby a company directly invests in facilities to produce or market a product in a foreign country.
What is multinational enterprise?Multinational enterprise can be regarded as type of enterprise where there is production of goods or delivering services in more than one country.
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After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by ______.
After a firm has determined its position in the global market, it will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.
What is global market?Global market involves planning, producing, placing, and promoting a business' products or services in the worldwide market.
It is not limited to specific geographic locations but rather involves the exchange of good, services, and labor anywhere.
Examples of global markets are :
Fast-moving consumer goodsClothingAutomobilesBanking,Fast food companiesHence, a firm will typically seek to meet the needs of global markets by tailoring its marketing mix to the needs of consumers in individual markets.
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Mention ONE other source of wealth other than inheritance
Answer:
Power is another source other than inheritance.
Hope this helped you!
Explanation:
Compute the increase or decrease in the pretax operating profit (loss) that would have been reported for the current year had GE employed FIFO accounting for all inventory for both years. 2. Compute the increase or decrease in pretax operating profit that would have been reported had GE employed LIFO but not reduced inventory quantities during the current year
The operating loss that would have been reported for the current year is $150 million.
How to calculate the pretax operating profit?The pretax operating profit or loss will be calculated thus:
Difference in beginning inventory = $2076
Less: Difference in ending inventory = $2226
Difference in cost of goods sold = $150
Therefore, the operating loss that would have been reported for the current year is $150 million.
The change in cost of goods sold of $23 million shows that it is a change in the pretax operating profit. Therefore, as prices increase, the net income before taxes would be $23 million lower.
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The controversial practice that treats a range of scores as being similar and thus allows employers to give preference to underrepresented groups within these similar scores is known as Multiple Choice banding. generalizing. affirmative action.
When employers give preference to groups that are underrepresented, this is known as affirmative action.
What is affirmative action?It is a policy followed by employers where they treat job hiring results as similar.
This means that employees from minority groups will stand a better chance of being picked because they would have gotten lower scores otherwise.
It is a controversial policy because while some people argue that it isn't fair to some people, others argue that it is an important tool in equality.
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Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities/ differences? (Emphasis on the differences)
Similarities:
They both are ways to reach out to advertise products through the use of technology making them seen by a very wide range of buyers
Differences:
Emails are ignored and deleted by lots of people making them less effective however people may still see them unless they go to junk mail. Regular affiliate marketing, however, might reach more people as they might appeal more with photos or slogans to help get the advertisement stuck in the buyer's mind. In my opinion, affiliate marketing is more effective than emails.
In 2015, your company had revenue of $78,524. In 2014, revenue was $56,976. What is the growth rate of your company
Assuming in 2014, the revenue was $56,976. The growth rate of your company is 38%.
Growth rateUsing this formula
Growth rate=2015 Revenue-2014 revenue/2014 revenue
Let plug in the formula
Growth rate=$78,524-$56,976/$56,976
Growth rate=$21,548/$56,976
Growth rate=0.378×100
Growth rate=38%(Approximately)
Inconclusion the growth rate of your company is 38%.
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Which principle of operational excellence refers to a long-term approach that favors quality and capabilities over short-term financial goals
Answer: The answer is Business Dictionary defines operational excellence as, “A philosophy of the workplace where problem-solving, teamwork, and leadership results in the ongoing improvement in an organization.
Explanation:
The business dictionary refers to a long-term approach that favors quality and capabilities over short-term financial goals.
What is the business dictionary?Business Dictionary is defined as a free, easy-to-use business vocabulary with over 30,000 definitions covering a wide range of key business issues such as entrepreneurship, management, small company, economics, human resources, recruiting, and corporate strategy.
A long-term approach that prioritizes quality and capability over short-term financial aims, Because your readers may have their own interpretation of the words, or may not be familiar with them at all, the “Definitions of Terms” section guarantees that they comprehend the components of your research in the manner in which you will deliver them.
Therefore, it is a business dictionary.
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The treasurer for the Macon Blue Sox baseball team is seeking a $20,100 loan for one year from the 4th National Bank of Macon. The stated interest rate is 19 percent, and there is a 23 percent compensating balance requirement. The treasurer always keeps a minimum of $1,670 in the baseball team’s checking accounts. These funds count toward meeting any compensating balance requirements.
The effective interest rate based on a compensating balance requirement of 23% for Macon Blue Sox is 24.675%.
What is the compensating balance requirement?The compensating balance requirement is the minimum amount of cash that a borrower cannot withdraw from a loan account.
The compensating balance requirement is a standard requirement of some lending institutions to reduce default risks.
Data and Calculations:Loan = $20,100
Stated interest rate = 19%
Interest expense = $3,819
Compensating balance requirement = 23%
= $4,623 ($20,100 x 23%)
Amount received as Cash = $15,477 ($20,100 - $4,623)
Effective interest rate = 24.675% ($3,819/$15,477 x 100)
Question Completion:What will be the effective rate of interest on this loan?
Thus, the effective interest rate based on a compensating balance requirement of 23% for Macon Blue Sox is 24.675%.
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When you borrow $50 from your rich cousin, then pay her back $60. What is the original $50 called
If you are a candidate for a position you should:
Answer:
Highlight the unique ways that you’ll be able to contribute in the role. Next, try to find the overlaps between your background and their needs. Look at your recent work, your education, and everything else you bring to the table. Think of everything from their point of view. your objective is to sell yourself to the hiring manager and convince him or her that you are a unique and strong candidate.
Explanation:
True/False: The most accurate method to calculate the amounts in a budget is to apply a specific percentage of increase or decrease.
Answer: The Answer is False
Explanation: Your welcome :)
Financial aid letters from institutes of higher education show your yearly aid and costs for attending. This means that you will need to
Financial assistance letters from institutes means that you will need to re-apply for aid each year.
What is financial aid?Financial aid can be defined as a financial assistance granted to a student so as to enables the student pay for their education.
Financial aid is important as it help to cover college student tuition and education expenses.
Based on the given scenario for a student to be qualify for financial aid such student need to re-apply for the aid every year.
Inconclusion this means that you will need to re-apply for aid each year.
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What example best describes the market structure of monopolistic
competition?
A. A farmers market features multiple stalls where farmers sell their
apples.
B. Several different restaurants compete for customers in a city
neighborhood.
C. A large company makes over half of the trains built in the country.
D. A city government owns and operates all waste management
services.
The answer choice which best represents an example of a monopolistic competition is; Choice B; Several different restaurants compete for customers in a city neighborhood.
What is Monopolistic competition?Monopolistic competition as the name implies is a type of imperfect competition characterized by the fact that there are many producers competing against each other, although selling products that are differentiated from one another and hence are not perfect substitutes.
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Answer:
b
Explanation:
Question 10 of 36
Jade is considering taking out a 14-year loan with monthly payments of $195
at an APR of 2.9%, compounded monthly, and this equates to a loan of
$26,898.98. Assuming that Jade's monthly payment and the length of the
loan remain fixed, which of these is a correct statement?
A. If the interest rate were 2.3%, the amount of the loan that Jade is
considering would be less than $26,898.98.
OB. If the interest rate were 3.1%, the amount of the loan that Jade is
considering would be more than $26,898.98.
O C. If the interest rate were 2.7%, the amount of the loan that Jade is
considering would be more than $26,898.98.
OD. If the interest rate were 2.5%, the amount of the loan that Jade is
considering would be less than $26,898.98.
SUBMIT
ws
Answer:
A
Explanation:
To answer the question, we look at an extreme scenario of 0% interest rate and see the minimum repayment Jade will make on the loan taken
Therefore,
Interest Rate = 0%
This means that the loan to be paid will be calculated as follows
Monthly payments x 12 Months x 14 Years
= $195 x 12 months x 14 years = $32, 760
The meaning of this outcome is that the lower the interest rate to be paid, the higher the size of the loan, because at 2.9% the loan= $26,898.98 and at 0% rate the loan= $32, 760.
The conclusion therefore is a 2.7% interest rate which is lower than 2.9% but not as low as the extreme 0% will cause the loan amount to be higher than $26,898.98. This affirms option A.
Options B and C are wrong because 2.5% and 2.3% are lower than 2.9%, therefore, the loan amount will be higher. Option D is also wrong because a 3.1% interest rate is higher than 2.9%, therefore, the amount should be lower not higher than $26,898.98
Answer:
it is C
Explanation:
:P
A value _________ is accomplished when a company makes an effort to connect their internal value chains.
The blank space in the statement should be filled with Creation.
What is a Value Chain?A value chain is characterized by the combination of activities undertaken in a business in a bid to move a product or service along its life cycle, including design, marketing, distribution, and customer support. The company's objective is value creation, particularly in the form of profit.
On this note, Value creation is accomplished when the value chains are connected.
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