7) The purpose of an organization is to: a) Provide taxes to the prevailing government b) Generate revenues for organizational expensesC) Create value for the society d) a & b e) b&c 8) Middle management is responsible for: a) providing direction, planning b) formulating strategy, goals, and policies for the organization c) implementation and coordination at the departmental leveld) all of above.9 & 10) Differentiate between mechanist and humanistic organization
Answers
In summary, mechanistic organizations focus on structure, control, and efficiency, while humanistic organizations prioritize employee satisfaction, collaboration, and flexibility.
7) The purpose of an organization is to: e) b&c. Generate revenues for organizational expenses and create value for the society.
8) Middle management is responsible for: c) implementation and coordination at the departmental level.
9 & 10) The difference between mechanistic and humanistic organizations:
Mechanistic organization: This type of organization focuses on efficiency, centralized control, and a clear hierarchy. In a mechanistic organization, there is a rigid structure, with employees following set rules and procedures. Communication is typically top-down, and decision-making is concentrated at the top management level.Humanistic organization: In contrast, a humanistic organization prioritizes employee satisfaction, collaboration, and decentralization of decision-making. It emphasizes flexibility, creativity, and personal growth for employees. Communication is open and transparent, with decision-making often shared among various levels of employees.Learn more about organization: https://brainly.com/question/24660606
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Related Questions
Jerome measures the length of 40 ropes and uses a line plot to organize his data. A. How many more ropes are there that are yard long or greater than ropes that are less than yard long? There are more ropes that are yard long or greater than ropes that are less than yard long b. Explain how you got this answer
Answers
Answer:
20
Explanation:
I make all the denominators the same, 1/4 becomes 2/8, and 1/2 becomes 4/8. I see which fractions are smaller than 3/8, which are 2/8 and 1/8. I count how many X's are there in 3/8 and the ones that are smaller than 3/8 which are 2/8 and 1/8. 3/8 has 5 X's, 2/8 has 2 X's, and 1/8 has 3 X's. Altogether there are 10 X's. 1 X = 2 ropes, so I multiply the 10 X's into 2 which is 20 ropes. There are 20 more ropes that are 3/8 yard long or greater than ropes that are less than 3/8 yard long.
Analysis of market share is a key to understanding the firm's:
O a. competitive environment.
O b. demographic strengths.
O c. social and cultural environment.
O d. technological environment.
Answers
Analysis of market share is a key to understanding the firm's:
O a. competitive environment.
O b. demographic strengths.
O c. social and cultural environment.
O d. technological environment
answer is A
a _ is used to apply for jobs or even to collage
Answers
Answer: application
Explanation:
Which of the following services provides the lowest level of assurance on a financial statement?
A) A review.
B) An audit.
C) Neither service provides assurance on financial statements.
D) Each service provides the same level of assurance on financial statements.
Answers
The service that provides the lowest level of assurance on a financial statement is a review (option A). An audit (option B) provides a higher level of assurance than a review.
A review provides the lowest level of assurance on a financial statement when compared to an audit. While both services evaluate the accuracy of financial statements, a review involves limited procedures such as analytical procedures and inquiries of management, whereas an audit requires more extensive testing and verification procedures to provide a higher level of assurance.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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What aspects of the American entertainment infrastructure had taken root in New York around the beginning of the 1900’s?
a. theaters
b. publishers
c. record labels
d. radio networks
e. all of the above
Answers
While publishers, record labels, and radio networks also emerged during this time, they were not yet well-established in New York or the rest of the United States. Therefore, the correct answer is (a) theaters.
Entertainment infrastructure refers to the underlying systems, facilities, and services that support the production and distribution of cultural and artistic products, such as music, films, theater, and sports events.
The entertainment infrastructure includes a wide range of elements, such as physical venues (e.g., theaters, concert halls, stadiums), technological platforms (e.g., radio, television, streaming services), marketing and distribution channels (e.g., record labels, publishers, distributors), regulatory frameworks (e.g., intellectual property laws, licensing agreements), and cultural institutions (e.g., museums, archives, libraries).
The development of entertainment infrastructure has been closely tied to broader social and economic changes, such as urbanization, technological innovation, globalization, and changing consumer preferences. The entertainment industry has become a major contributor to many national and local economies, and has a significant impact on cultural identity, social norms, and political discourse.
The correct answer is (a) theaters.
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2. Happy Selling Company's salaries to sales agents amounted to Php 10,000. Salaries of accountants
amounted to Php 20,000. No other expenses were incurred. How much is the company's general and
administrative expense?
Answer:
Answers
Answer:
Please one time
Mark brainliest
Computerized Accounting with Quickbooks
1. What is the process for making Bank Deposits?
2. How are customers listed in the invoice form?
3. What report will show you all overdue account?
4. If the difference is not zero when you click reconcile on a Bank Reconciliation, what message will QuickBooks give you?
Answers
Answer:I hope this helps you
Explanation:
1. To make a bank deposit in QuickBooks, you would go to the Banking menu, select Make Deposits, choose the appropriate bank account, and then enter the details of the deposit, including the date, the deposit amount, and any memo or notes you may want to include.
2. Customers are typically listed in the invoice form in alphabetical order by default, but you can also sort them by other criteria such as date, amount, or balance due by clicking on the appropriate column heading.
3. The report that would show you all overdue accounts is the A/R Aging Detail report. This report will show you all outstanding invoices and how long they have been outstanding.
4. If the difference is not zero when you click reconcile on a bank reconciliation in QuickBooks, the software will display an error message indicating that the reconciliation is out of balance. This means that there is a discrepancy between the ending balance on the reconciliation and the actual balance in the bank account. You will need to review your records carefully to identify and correct the error before you can successfully complete the reconciliation.
Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. The bonds are currently quoted at 96 percent of face value. What is Ernst's pretax cost of debt?
Answers
Answer: 5.52%
Explanation:
Given the following :
Face value (f) = $1000
Bond price(p) = 96% of face value = 0.96 × 1000 = $960
Coupon rate = 5% Semi-annually = 0.05/2 = 0.025
Payment per period (C) = 0.025 × 1000 = $25
Period(n) = 10 years = 10 × 2 = 20
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]
Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]
= (2 + 25) / 980
= 27 / 980 = 0.02755 = 2.755% = 2.76%
Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity
Pretax cost of debt = 2 × 2.76% = 5.52%
the statement of cash flows explains why the cash balance changed over a period of time.
a. true
b. false
Answers
True. The statement of cash flows explains why the cash balance changed over a period of time.
The statement of cash flows is a financial report that provides a detailed account of a company's cash inflows and outflows over a specified period of time. It is divided into three main categories: operating activities, investing activities, and financing activities. Operating activities include transactions related to the company's core business operations, such as sales revenue and expenses. Investing activities involve the purchase and sale of long-term assets, such as property, plant, and equipment. Financing activities include transactions involving the company's capital structure, such as issuing or repurchasing shares and paying dividends.
By analyzing the statement of cash flows, one can understand the factors that contributed to the change in the company's cash balance during the reporting period. This information is essential for assessing a company's liquidity, solvency, and overall financial performance. It also helps investors and stakeholders make informed decisions regarding the company's financial health.
In conclusion, the statement of cash flows serves as a critical tool for explaining the changes in a company's cash balance over a period of time, offering valuable insights into its financial performance and stability.
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PLS HELP ME
use a fully labeled production possibility model to illustrate the production possibilities for this economy.
please also answer questions b,c, and d
GIVING BRAINLIESTS MUCH APPRECIATED
Answers
The economy would have to stop making 1.33 skateboards in order to create an extra 10,000 roller skates. Plotted on the curve between points B and C are 60,000 units of roller skates and 30,000 units of skateboards.
The overall cost formula is what?By dividing the total cost of manufacturing by the total amount paid in cash, the average total cost formula is produced. The total-cost formula, which can be calculated by dividing the total production cost by the volume of goods produced, is straightforward and user-friendly. Choosing a production, price, and sales strategy.
(Opportunity cost of producing 10,000 roller skates) = (Change in Skateboards) / (Change in Roller Skates)
= (70,000 - 30,000) / (85,000 - 55,000)
= 40,000 / 30,000
= 1.33 skateboards per roller skate
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a check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance.
Answers
True. A check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance. The bank should credit the excess amount of $90.
What is the journal entry for bank reconciliation?Journal Entry Definition in a Bank Reconciliation When there are changes to the balance according to the books, a bank reconciliation needs journal entries. These adjustments are the result of things that were on the bank statement but were not reflected in the general ledger accounts of the business.
Charged $432 instead of $342, debiting $90 in excess that the bank ought to credit. Therefore, in the bank reconciliation, it needs to be added to the Bank balance.
Thus, the given statement is true.
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when describing the strategy of a firm, it is best to ignore the current positioning of the firm in order to concentrate upon the direction in which the firm will develop in the future. true/false
Answers
The given statement "when describing the strategy of a firm, it is best to ignore the current positioning of the firm in order to concentrate upon the direction in which the firm will develop in the future" is false.
The strategy of a firm is its long-term plan of action for achieving its goals and objectives. It encompasses various decisions and actions that a company takes to achieve its overall mission, such as what products or services to offer, which markets to serve, how to compete, and how to grow.
The positioning of a firm refers to its current position in the market, including its strengths, weaknesses, opportunities, and threats.
It is generally false to ignore the current positioning of a firm when describing its strategy. In fact, the current positioning of a firm is an essential element of its strategy.
A company needs to analyze its current position in the market to identify its competitive advantages and areas of weakness. This information is crucial to make informed decisions about the direction in which the firm will develop in the future.
By analyzing its current position, a firm can identify opportunities to improve its competitive advantage and address weaknesses. For example, if a firm's current position is weak in a particular market segment, it may decide to focus on developing new products or services to better serve that segment.
On the other hand, if a firm's current position is strong in a particular market segment, it may decide to focus on expanding its presence in that segment.
Overall, the positioning of a firm is an essential element of its strategy. Ignoring the current position of the firm can result in unrealistic or ineffective strategies that do not consider the company's competitive advantages and limitations.
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describe briefly the a-b-c approach to inventory control
Answers
The ABC approach, also known as the ABC analysis, is a method used to categorize inventory items based on their value and importance. It helps businesses prioritize their inventory management efforts to improve efficiency and reduce costs.
The approach consists of three categories:
A - High-value items: These items contribute significantly to the company's revenue and usually have a high cost or require careful handling. They represent a small percentage of the total inventory, but their value is significant. These items require close monitoring and strict control measures to prevent stockouts and minimize holding costs.
B - Medium-value items: These items have a moderate impact on the company's revenue and costs. They represent a larger percentage of the inventory but still require some level of control and monitoring to ensure optimal stock levels and avoid overstocking or stockouts.
C - Low-value items: These items contribute the least to the company's revenue and typically have a low cost. They represent the majority of the inventory items but have a relatively low impact on the overall business performance. These items require less strict control measures and can be managed using more straightforward and cost-effective methods.
To implement the ABC approach to inventory control, follow these steps:
1. Categorize inventory items into A, B, and C groups based on their value and importance.
2. Establish appropriate control measures for each group, such as tighter control for A items and more relaxed control for C items.
3. Monitor and review inventory levels regularly, adjusting control measures as needed to ensure optimal stock levels and minimize costs.
Using the ABC approach, businesses can focus their resources on high-value items, streamline their inventory management processes, and ultimately improve profitability.
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Acme Fasteners keeps efficiency high by making a million of each kind of bolt
at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind
at a time. What service of wholesalers can best help Acme in this situation?
O
A. Buying large quantities and selling in smaller lots needed by
customers
O
B. Transporting fasteners to storage facilities
O
C. Being experts in fasteners and customers who use them
O
D. Keeping fasteners stored without theft or other kinds of loss
Answers
Answer:
A. Buying large quantities and selling in smaller lots needed by customers
Explanation:
Wholesalers can best help Acme in this situation by buying large quantities and selling in smaller lots needed. Thus, option A is correct.
Who is the customer?A customer is a client who places a request for a commodity, payments for such a product or service, and then receive it. The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the item or service.
In this situation, the wholesaler should buy the quantities in bulk that is being produced by the company and then divide the load into smaller quantity of 1000 unit or 10000 unit so that they can easily sell it to the customer and also benefit from the same and earn a profit from the same. Also, bulk buying can provide them with some offers.
Therefore, option A is the correct option.
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Think of a favorite product that you have. What do you think ALL of the things are that have to happen before you see the product in the store?
Answers
The transformation of raw materials into finished goods. Natural items are transformed into goods that can be sold on the market through manufacturing.
What are the initial steps ?The acquisition and monitoring of raw materials is the initial step in inventory management. The environment can be mined for raw materials or they can be purchased from sources. Once received, raw materials must be kept in storage until they are needed for manufacturing. Systems of inventory keep track of the quantity, location, and state of each raw item.
Work in process refers to the production process from storage to the assembly line. Production might be carried out internally or contracted out to manufacturers. Inventory management systems monitor the production process and the finished goods as they are produced in both scenarios.
The number, location, and state of each end product must be monitored. The system is updated in response to product purchases to account for the drop in inventory following distribution.
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A broker market eliminates the need for time-consuming search for a fair deal by buying and selling immediately from their inventory of securities.
True
False
Answers
False. A broker market does not eliminate the need for a time-consuming search for a fair deal by buying and selling immediately from their inventory of securities.
In a broker market, brokers act as intermediaries between buyers and sellers of securities. They facilitate the buying and selling process by matching buyers with sellers and executing trades on behalf of their clients. However, brokers typically do not buy and sell securities from their own inventory.
Instead, in a broker market, brokers connect buyers and sellers and earn commissions or fees for their services. They provide a platform for buyers and sellers to interact and execute transactions based on the prevailing market prices.
The statement that a broker market eliminates the need for time-consuming search for a fair deal by buying and selling immediately from their inventory of securities is false. In a broker market, the fair deal and price discovery still rely on the interaction between buyers and sellers, and the prices are determined by the market forces of supply and demand. Brokers facilitate the transaction process, but they do not typically hold an inventory of securities for immediate buying and selling.
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Value stocks are stocks that are priced high in relation to current earnings. T/F
Answers
The statement "Value stocks are stocks that are priced high in relation to current earnings" is false. In fact, value stocks are typically characterized by being priced low in relation to their fundamental measures of value, such as earnings, book value, or dividends.
Value investing is an investment strategy that focuses on identifying stocks that are considered undervalued by the market. Investors who follow a value investing approach seek stocks that are trading at a lower price relative to their intrinsic value or fundamental worth. These stocks are often perceived as having favorable long-term prospects but may be currently undervalued or overlooked by the market.
One of the common metrics used to identify value stocks is the price-to-earnings ratio (P/E ratio), which compares the stock's price to its earnings per share. A low P/E ratio suggests that the stock is relatively inexpensive compared to its earnings and may be considered a value stock.
Therefore, value stocks are typically priced low in relation to current earnings, as opposed to being priced high as stated in the given statement.
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Think about a situation where you had to do work under supervision. This "supervisor" could be a manager at a past or current job, a teacher in a classroom, a coach with a team or club, or even just a parent giving you chores at home. Write a few sentences describing the "production requirements" in this situation. What was expected of you?
Answers
I was expected to complete assigned tasks on time and within budget, produce high-quality work, communicate effectively and seek feedback.
What does a product mean in marketing?The thing that is being sold is referred to as a product. A services or an object both qualify as products. It might take on a literal, electronic, or cyberspace form. Every product has a cost associated with it, and each one has a price. The marketplace, the quality, the marketing, and the group that is being targeted all influence the price that may be charged.
What are the 4 types of products?Convenience goods, retail products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
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Suppose you own a house that you are renting out to a group of college students for the 10 month academic year. You are charging $1000 per month in rent. You will collect the first rent payment today and then on the 1st of the month each month thereafter. What is the value of this investment opportunity to you today if you could reinvest your income at an annualized rate of 6%
Answers
The value of this investment opportunity to you today is $9730.42.
What is the value of the investment today?The first step is to determine the future value of the investment. The formula that can be used to determine the future value is:
Amount x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 6% /12 = 0.5%n = number of years = 101000 x {[1.005^10] - 1 / 0.005 = 10,228.03
Now determine the present value
10,228.03 / (1.005^10) = $9730.42
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Julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $141,000 immediately as her full retirement benefit. Under the second option, she would receive $20,000 each year for 8 years plus a lump-sum payment of $60,000 at the end of the 8-year period.Required:1. Calculate the present value for the following assuming that the money can be invested at 9%. If she can invest money at 9%, which option would you recommend that she accept?
Answers
After considering the given data we conclude that option 1 has a greater present value than option 2, I advise Julie to choose it.
In order to evaluate the present value of money, we have to know the future value, the interest rate per period, and the number of periods.
We apply this formula:
\(PV = FV/ (1+r)^n,\)
Here we perform division regarding the future value by a factor of 1 plus the interest rate raised to the power of the number of periods.
For choice 1, Julie will get her whole retirement payout in a lump payment of $141,000 right now. Option 2 will conclude her with $20,000 a year for eight years along with a lump sum payout of $60,000 at the end of the eight years.
To evaluate which option is better for Julie assuming that she can invest money at 9%, we can calculate the present value for each option.
PV equals $141,000 for option 1 / (1+0.09)0 = $141,000
PV is $20,000 / (1+0.09) for option 2 + $20,000 / (1+0.09)² + $20,000 / (1+0.09)³ + $20,000 / (1+0.09)⁴ + $20,000 / (1+0.09)⁵ + $20,000 / (1+0.09)⁶ + $20,000 / (1+0.09)⁷ + ($60,000) / (1+0.09)⁸ = $128,591
As a result, because option 1 has a greater present value than option 2, I advise Julie to choose it.
In the field of finance and economics, interest is considered the amount paid over and above the principle amount (the amount borrowed) to a lender or depositor by a borrower or deposit-taking financial institution at a predetermined rate. It differentiates from a fee that the borrower have to pay to the lender or another organization.
It also distinguished from a dividend, which is cash distributed to shareholders (owners) by a business from its profit or reserve, but not at a predetermined rate or proportionally; rather, it is a portion of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answers
Answer
tax detection
Explanation:
just is
Explanation:
ebay buyers voluntarily comment to other users and sellers on the quality of service, promptness of shipping, and their general satisfaction with the product. this is one of the most popular examples of user-generated content and is called . group of answer choices knowledge system. reputation system. explicit system. tacit knowledge.
Answers
This is one of the most popular examples of user-generated content and is called reputation system.
What is reputation system ?
Programs or algorithms known as reputation systems enable users to grade one another in online communities with the goal of fostering trust. E-commerce websites like eBay, Amazon.com, and Etsy as well as online help forums like Stack Exchange are among places where these techniques are often used.
A noteworthy development in "decision support for Internet mediated service delivery" is represented by these reputation systems. Reputation systems are becoming increasingly crucial to the online experience as online communities for buying, advising, and the exchange of other key information gain popularity. Although a customer cannot physically test a product or service or see the person giving information, reputation systems nevertheless work.
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"Economic exposure represents any impact of exchange rate fluctuations on a firm's future cash flows and thus includes transaction exposure.
a. True b. False"
Answers
Economic exposure represents any impact of exchange rate fluctuations on a firm's future cash flows, and thus includes transaction exposure. "False".
Economic exposure and transaction exposure are two distinct concepts related to the impact of exchange rate fluctuations on a firm's financial performance. While transaction exposure refers specifically to the risk of financial loss arising from contractual obligations denominated in foreign currencies, economic exposure encompasses a broader scope.
Economic exposure considers the potential impact of exchange rate fluctuations on a firm's overall competitiveness, market position, and long-term cash flows. It takes into account factors such as changes in foreign demand for goods and services, pricing strategies, input costs, and market dynamics. Economic exposure is not limited to specific transactions but involves the overall performance and sustainability of the firm in the face of exchange rate volatility.
Therefore, the statement that economic exposure includes transaction exposure is false. Transaction exposure is just one component of economic exposure, which also incorporates broader implications for the firm's future cash flows beyond individual transactions.
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lassify each of the following accounts as an asset, liability, or equity account. a. cash b. store supplies c. accounts receivable d. interest payable e. notes receivable f. accounts payable g. prepaid insurance h. wages payable i. salaries payable
Answers
Here is the classification of the given accounts as asset, liability, or equity accounts:
a. Cash - Asset Accountb. Store Supplies - Asset Accountc. Accounts Receivable - Asset Accountd. Interest Payable - Liability Accounte. Notes Receivable - Asset Accountf. Accounts Payable - Liability Accountg. Prepaid Insurance - Asset Accounth. Wages Payable - Liability Accounti. Salaries Payable - Liability AccountThe rationale behind the classification:
a. Cash - Asset account as it represents the amount of money or cash equivalents held by the entity.b. Store supplies - Asset account as it represents the inventory of supplies available for use or sale.c. Accounts receivable - Asset account as it represents the amounts owed to the entity by its customers for goods or services provided on credit.d. Interest payable - Liability account as it represents the amount of interest that the entity owes to its lenders or creditors.e. Notes receivable - Asset account as it represents the promissory notes or IOUs from individuals or entities that owe money to the entity.f. Accounts payable - Liability account as it represents the amounts owed by the entity to its suppliers or creditors for goods or services received on credit.g. Prepaid insurance - Asset account as it represents the amount paid in advance for insurance coverage that will be utilized over time.h. Wages payable - Liability account as it represents the amounts owed by the entity to its employees for wages earned but not yet paid.i. Salaries payable - Liability account as it represents the amounts owed by the entity to its employees for salaries earned but not yet paid.In summary, asset accounts represent resources or claims to future benefits owned by the entity, liability accounts represent obligations or debts owed by the entity, and equity accounts represent the owner's residual interest in the entity's assets after deducting liabilities.
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y'all anyone have any name ideas for a brand for race cars
im kinda lost right now so any suggestions would be cool I could start from there and evolve
Answers
Answer:
turbo rush
Explanation:
Think about what you learned about the rise of new ways to buy and sell. complete each sentence with the right word. 1. credit is the ability to buy something now, with the promise to pay . 2. installments allow a person to make a purchase, then .
Answers
The capacity to purchase a good or service with the promise to pay for it later is known as credit. With instalment payments, we can buy something and pay for it over time. If one has $100 to pay, for instance, they can do so in instalments by paying perhaps $10 every week.
What is instalments?one of the categories into which a debt is subdivided for installment payments. one of multiple pieces offered in installments.
An equated monthly installment is a regular payment paid by a borrower to a lender on a preset day each month (EMI). EMIs are applied to the principal and interest each month in order to pay off the loan in full within the predetermined time frame.
Thus, The capacity to purchase a good or service.
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Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%, What will be Ann's mortgage balance after 20 years of payments (le after 240 months)?
Answers
Ann's mortgage balance after 20 years of payments will be approximately $1,965,695.54.
To calculate Ann's mortgage balance after 20 years of payments, we need to use the amortization formula for a fully amortizing mortgage. The formula is as follows:
M = P * [\((r(1 + r)^n) / ((1 + r)^n\) - 1)]
Where:
M = Monthly mortgage payment
P = Principal amount (loan amount)
r = Monthly interest rate
n = Total number of payments
Given information:
P = $4,500,000 (loan amount)
r = 4.38% per annum, or 4.38%/12 = 0.365% monthly interest rate
n = 20 years * 12 months/year = 240 months
To calculate the monthly mortgage payment, we can rearrange the formula as follows:
M = P * [(\(r(1 + r)^n) / ((1 + r)^n\) - 1)]
M = $4,500,000 * [(0.00365(1 + 0.00365)^240) / ((1 + 0.00365)^240 - 1)]
Calculating this equation will give us the monthly mortgage payment. However, the question asks for the mortgage balance after 20 years of payments. To calculate this, we need to determine the remaining balance at month 240.
We can use an amortization schedule or mortgage calculator to find the remaining balance. Using the given information, the remaining mortgage balance after 20 years of payments is: $1,965,695.54.
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Select the two statements about owners of equity in a business that are TRUE.
Question 6 options:
A Partner owns equity.
Contractors own equity.
All stakeholders own equity.
Founders own equity.
Answers
Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "A Partner owns equity and Founders own equity."
What is Owners Equity?Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.
Given that owners' equity relates to the business's assets, then it is concluded that the founders and partners of the business own equity.
Hence, in this case, it is concluded that the correct answer is options A and D.
Learn more about Owner's Equity here:https://brainly.com/question/1166326
If the price of italian shoes imported into the united states increases, then:_________
Answers
Although the GDP deflator won't rise, the consumer price index will.The weighted average of the prices of goods and services is referred to as the "CPI" (Consumer Price Index) in macroeconomics.
a mix of commodities and services for everyday use. Gross domestic product (GDP) measures the value of all products and services provided during a specific time period within an economy. The price fluctuations of all products and services produced in a nation are calculated using the GDP Deflator. The CPI rises when the cost of imported Italian shoes increases in the United States of America, but the GDP deflator does not grow at the same rate.
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