The interest the man has in the property is a reversion.
What is reversion?Reversion in real estate is the ability to take back possession or ownership of a property after a given amount of time has passed or a specific event has taken place.
The original owner of the property frequently holds the reversionary interest, which becomes effective when a certain event occurs.
The original conveyance document must mention this reversionary interest. When transferring ownership of his real estate, an owner delivers a smaller estate to the new owner.
If someone leased a house from another person for five years, the lease would automatically renew for another five years unless the tenant gave notice.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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What are the opportunities of an entrepreneur
Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, par value $17 per share, 13,400 shares authorized. During the year, the following selected transactions were completed: a. Sold and issued 6,100 shares of common stock for cash at $34 per share.
b. Sold and issued 1,200 shares of common stock for cash at $39 per share.
c. At year-end, the accounts reflected income of $6,100. No dividends were declared.
The total shareholder equity = $136,600
What is common stock?
Common stock is a type of tradable asset or security that represents ownership of a company. If you own a company's common stock, you have the right to vote on company policies, board decisions, and more. Common stock is just one type of stock traded on public exchanges.
Balance sheetas on ........Particular Amount
Shareholder's Equity
Contribution table
($17)(13,400- 6100) $124,100
Paid in capital
($17)(6100) $103,700
Total Contribution table $26,800
Retained earning $6,100
Total Shareholders Equity $136,600
Shareholder equity :Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of profits earned by the company that have been reinvested since its inception.
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With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Economic and military competition from _______________ helped to convince many americans that the united states should become a world power.
Economic and military competition from Europe helped to convince many Americans that the united states should become a world power.
What are a great power, a world power, and a local power?
2. A country, state, etc. with considerable influence or authority in international affairs. Long-term usage also refers to a person.
Here, "world power" might be interpreted as the ability to influence others and the range of one's influence. A sort of world power known as influence can only be quantified after it has been shown. Influence may be the ability to persuade others or it can be the desire of other countries to impress or emulate an influential nation.
International responses to Donald Trump's victory have sparked a faster disintegration of the American-led international system than anybody could have predicted. The interactions between top-tier and middle-tier nations are evolving quickly. American popular culture and American political, economic, and military interests and influence continue to be felt all over the world. Nations and non-state actors continue to be concerned about American policies, actions, or passivity on issues that are important to them in every area. In conclusion, the United States continues to be the only global superpower. However, status no longer carries the same weight that it once did.
Here, Freeman claims that despite our decline, the United States is still the "sole all-around world power." Ambassador Freeman assesses international power dynamics throughout the text. Perhaps it would be best to start with these definitions from the OED because we are reading an essay on tremendous power and global power
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What are the advantages and disadvantages of fixed interest rate?
A fixed-rate loan has the advantage of keeping the borrower informed of the monthly payment amount. Even if interest rates fall dramatically, the borrower must still pay the higher rate.
What benefits can fixed interest rates offer?Predictability is provided by fixed interest rates because your monthly loan payments remain constant from month to month. A fixed-interest rate loan product may become more alluring when interest rates are low or close to historic lows.
The lifetime cost of borrowing is simpler to compute when a loan or line of credit has a fixed interest rate because the rate is constant.
What drawbacks do fixed interest rates have?
A fixed-rate loan could have a higher interest rate than an adjustable-rate loan, depending on the general interest rate environment. A loan with a fixed rate would increase in price if interest rates fell, whereas a loan with a variable rate would decrease in price in line with its benchmark rate.
When interest rates fall, switching from one fixed-rate loan to another or to a variable-rate loan may save money, but the process can be time-consuming and expensive.
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Life orientation grade 10
Answer:
Life Orientation is a mandatory subject in the South African CAPS curriculum. It's studied by Senior Phase students in Grades 7-9. During Intermediate Phase, children will study Life Skills.
The CAPS guidance for Life Orientation states that the subject's main focus is the development of self in society. It aims to help learners set goals for themselves, solve problems and improve decision-making strategies. It aims to prepare learners for modern society and help with intellectual, physical, social and emotional growth along with lots more.
Explanation:
There are 5 main topics which are studied in Life Orientation in the Senior Phase:
Development of the self in society - This topic works on self-concept, including motivation and self-image. Learners throughout Senior Phase will also look at subjects such as personal diet and nutrition, peer pressure, relationships and friendships as part of the teaching. This topic will also touch on challenging situations including depression, grief, loss, trauma and crisis. This is so that they are better equipped to deal with these situations if they experience them in the real world.
Health, social and environmental responsibility - This topic area covers things like substance abuse and environmental health issues. There is also time spent on common diseases. Learners will also look at things such as volunteering as a concept as well as dealing with health and safety issues related to violence.
Constitutional rights and responsibilities - This topic has a focus on human rights, religions, cultural diversity and fair play. There's also some time spent on the concept of nation building and relating some of the above focuses to South Africa itself. Gender equity, constitutional values and issues that relate to citizens' rights and responsibilities are all looked at.
World of work - This topic area is all about preparing tour Senior Phase students for further education and life after school. Time is spent on different learning styles and career paths. You'll also spend some time talking about which options are available to them after Grade 9, including appropriate subject choices for their chosen career. You could spend some time talking about different careers and how each member of the class wishes to move forwards.
Physical education - During Life Orientation students are introduced to participating in a fitness programme and are encouraged to play various sports and games throughout Senior Phase. They will also participate in outdoor recreational programmes and learn to refine their performance in movement activities as well as take into account safety issues for each activity.
why are improvement required in traditional technology? give two reason.
Answer:
Technology can be used to improve teaching and learning and help our students be successful. Instead of the teacher being the only source of help in a classroom, students can access web sites, online tutorials, and more to assist them
Explanation:
The improvement required in traditional technology is to bring it up to date. The reason behind improving or updating anything is to give it the latest version so that it will be as useful as it was earlier.
Another reason is to make it available for the usage of current consumers.
What is traditional technology?Traditional technology refers to technology that uses late designs in the process. They were designed according to that time, when they were demanded for use.
Therefore, with the change in time, it is also required to improve traditional technology.
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what the chart should entail and look like with no GPA's given
of the class.
Please do fast i don't have enough time
The chart should include information such as student names, attendance records, assignment grades, participation levels, and qualitative feedback, without including specific GPA values.
In the absence of GPA data, the chart can still provide valuable insights into the class's performance. It should include columns for student names to identify individuals, attendance records to assess their engagement, assignment grades to measure their academic progress, and participation levels to evaluate their active involvement. Additionally, qualitative feedback or comments can be included to provide further context on students' performance and areas of improvement. By focusing on these elements, the chart can effectively represent the class's overall performance without relying on specific GPA values.
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Which of these images is most likely to portray nonverbal communication?
please help asap!!
The second image is most likely to portray non-verbal communication. Hence, option B is correct.
What is non-verbal communication?Nonverbal communication describes the methods by which people communicate their feelings, needs, intentions, attitudes, and thoughts without using words.
Body Language Human connection often involves nonverbal communication. For instance, a person's attitude and thoughts can be conveyed to others through tone, facial expressions, and gestures, and actions are frequently much more powerful than words.
Thus, option B is correct.
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6. Use EDGAR to find Qualcomm's 10 K filing for 2015. From the balance sheet, answer the following questions: a. How much did Qualcomm have in cash, cash equivalents, and marketable securities (shortand long-term)? b. What were Qualcomm's total accounts receivable? c. What were Qualcomm's total assets? d. What were Qualcomm's total liabilities? How much of this was long-term debt? e. What was the book value of Qualcomm's equity?
To find Qualcomm's 10-K filing for 2015 using EDGAR, you can go to the Securities and Exchange Commission (SEC) website and search for Qualcomm's filings. Once you locate the 10-K filing for 2015, you can refer to the balance sheet to find the following information:
On the balance sheet, locate the line item for total liabilities to find Qualcomm's total liabilities. Additionally, you can also look for the line item representing long-term debt to determine the amount of long-term debt within the total liabilities.
The book value of Qualcomm's equity can be calculated by subtracting the total liabilities from the total assets. This will provide the equity value reported on the balance sheet.
Please note that I am unable to provide specific values without access to the EDGAR database or Qualcomm's 10-K filing for 2015. I recommend using the EDGAR database to obtain accurate and up-to-date information on Qualcomm's financials.
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is it ethical or unethical to cheat on your taxes? Explain why or why not
Answer:
it would be unethical to do that because you are breaking the law
Answer:
It would be unethical.
Explanation:
coconutoil2217 is correct, it would be unethical to cheat on your taxes.
Who’s the intended audience in news articles
Newspaper readers have typically been more educated, wealthy, and older than non-newspaper audiences.
Who is a research's primary target audience?
The people who read your work are referred to as the "audience." A term paper or thesis, for example, may be produced for a professor or committee of professors. More frequently, a paper is produced for peers in your field, for others who pursue similar academic interests.
Who are the media's intended consumers or target audiences?A group of people who you've identified and wish to appeal to is what we refer to as a social networking target audience. Based on factors like age, occupation, income level, degree of education, geography, or behavior, for example. your target market for social media
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The RMC Corporation blends three raw materials to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has the following quantities of each raw material: material 1, 20 tons; material 2, 5 tons; material 3, 21 tons. Management wants to achieve the following P1 priority level goals:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Assume there are no other goals.
Is it possible for management to achieve both P1 level goals given the constraints on the amounts of each material available?
Raw Material Amount needed to Achieve Both P1 Goal
Treating the amounts of each material available as constraints, formulate a goal programming model to determine the optimal product mix. Assume that both P1 priority level goals are equally important to management. If you don't need the variable in the model, enter "0". If you need a negative number, enter minus sign with it. If necessary, enter the numbers as a common fraction.
Let x1 = the number of tons of fuel additive produced
x2 = the number of tons of solvent base produced
d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Answer:
Goal 1: Produce at least 30 tons of fuel additive.
Goal 2: Produce at least 15 tons of solvent base.
Explanation:
To formulate the goal programming model, we need to set up the objective function and the constraints based on the given information. Let's define the decision variables and the deviation variables:
Decision variables:
Let x1 = the number of tons of fuel additive produced
Let x2 = the number of tons of solvent base produced
Deviation variables (amount by which the goals are exceeded or not met):
Let d1+ = the amount by which the number of tons of fuel additive produced exceeds the target value of 30 tons
Let d1- = the amount by which the number of tons of fuel additive produced is less than the target of 30 tons
Let d2+ = the amount by which the number of tons of solvent base produced exceeds the target value of 15 tons
Let d2- = the amount by which the number of tons of solvent base is less than the target value of 15 tons
Objective function:
Since both goals are equally important, we want to minimize the total deviations from the target values. The objective function is the sum of these deviations:
Minimize: Z = d1+ + d1- + d2+ + d2-
Constraints:
Material 1 constraint: The total material 1 used in producing fuel additive and solvent base cannot exceed the available 20 tons of material 1.
2/5 * x1 + 1/2 * x2 <= 20
Material 2 constraint: The total material 2 used in producing solvent base cannot exceed the available 5 tons of material 2.
1/5 * x2 <= 5
Material 3 constraint: The total material 3 used in producing fuel additive and solvent base cannot exceed the available 21 tons of material 3.
3/5 * x1 + 3/10 * x2 <= 21
Fuel additive production goal constraint: The fuel additive production should be at least 30 tons.
x1 + d1+ - d1- = 30
Solvent base production goal constraint: The solvent base production should be at least 15 tons.
x2 + d2+ - d2- = 15
Non-negativity constraints:
x1, x2, d1+, d1-, d2+, d2- >= 0
Now we have the complete goal programming model. The objective is to minimize the total deviations (d1+, d1-, d2+, d2-) from the target values while satisfying the material constraints and the production goals. The model can be solved using standard optimization techniques such as linear programming to find the optimal production mix.
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What should customer service representatives use to achieve a win-win outcome between customers and their employer?
both hard and soft skills
sales strategies
persuasion
goals and objectives
Answer:
i think it is the 3rd one I'm not sure but I need help on one of mine and it would be really good if you can help me I will appreciateit
ou have gathered the following information for Company A as follows:
• Recent share price $31.25
• Shares outstanding 30 million
• Total liabilities $115 million
• Total assets $359.6 million
• Net income $119.4 million
• Interest expense $5.8 million
• Depreciation $6.9 million
• Amortization $2.3 million
• Taxes $85.9 million
The average P/B (price per share divided by book value per share) ratio of comparable companies in Company A's industry is 4.81. Based on the comparable companies' P/B ratio, what should the intrinsic value of a share of Company A should be?
2. Financial managers tend to______
3. The first public sale of equity by a company is called a(n)______
1. The intrinsic value of a share of Company A should be approximately $39.24 based on the average P/B ratio of comparable companies.
2. Financial managers tend to strive for maximizing shareholder wealth by making decisions that increase the value of the company's stock.
3. The first public sale of equity by a company is called an Initial Public Offering (IPO).
1. To calculate the intrinsic value of a share of Company A, we need to determine the book value per share. The book value per share is calculated by dividing the total equity (total assets minus total liabilities) by the number of shares outstanding.
Book value per share = (Total assets - Total liabilities) / Shares outstanding
Book value per share = ($359.6 million - $115 million) / 30 million
Book value per share = $244.6 million / 30 million
Book value per share = $8.153
Next, we can calculate the intrinsic value of a share by multiplying the book value per share by the average P/B ratio of comparable companies:
Intrinsic value per share = Book value per share * Average P/B ratio
Intrinsic value per share = $8.153 * 4.81
Intrinsic value per share = $39.24
Therefore, the intrinsic value of a share of Company A should be approximately $39.24.
2. Financial managers tend to strive for maximizing shareholder wealth, making decisions that increase the value of the company's stock and generate returns for shareholders. They focus on making financial decisions that optimize profitability, efficiency, and risk management.
3. The first public sale of equity by a company is called an Initial Public Offering (IPO). It is the process by which a privately-owned company offers its shares to the public for the first time, allowing investors to buy and trade the company's stock on a public stock exchange. The IPO is a significant event for a company as it provides an opportunity to raise capital and increase liquidity for existing shareholders.
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How does investment in human capital impact a company's productivity?
The more workers a company has, the more it produces.
The more highly educated the workforce, the greater the production.
The more the workforce requires extensive training, the less production in the
long run.
The larger the workforce, the larger the management structure and the lower the
production.
Answer: Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher.
Obj3 Define Consumerism and environmentalist and explain how they affect marketing strategies
Consumerism is the social and economic ideology that encourages the acquisition and consumption of goods and services in ever-increasing amounts.
On the other hand, environmentalism is the movement that seeks to protect the natural environment and promote sustainable living.
Both consumerism and environmentalism have a significant impact on marketing strategies. For instance, consumerism has led to an increase in demand for products and services, which has prompted companies to create more products and advertise them more aggressively. This, in turn, has led to a rise in competition and the need for companies to differentiate themselves from their competitors.
On the other hand, environmentalism has resulted in a growing concern for the environment and a need for sustainable living. This has led to the creation of eco-friendly products, and companies are now competing to produce environmentally responsible products and packaging.
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technically, a(n) ________ is an agent appointed by a shareholder for the purpose of voting the shares.
The term that fills the blank is "proxy."
A proxy is an agent appointed by a shareholder with the authority to vote on their behalf. Shareholders who are unable to attend a company's shareholder meeting in person or prefer not to vote directly can appoint a proxy to represent them. The proxy holds the power to cast votes on the shareholder's behalf according to their instructions or best judgment.
Proxy voting allows shareholders to participate in decision-making processes without physically being present. It is a mechanism that promotes shareholder engagement and ensures that their voices are heard. Shareholders may appoint proxies for various reasons, such as convenience, lack of availability, or relying on someone with specialized knowledge to make informed voting decisions.
By appointing a proxy, shareholders can exercise their voting rights and influence corporate governance matters, including electing board members, approving mergers or acquisitions, or voting on important resolutions. Proxies play a crucial role in facilitating shareholder participation and ensuring that the shareholder's interests are represented during corporate decision-making processes.
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The distinction between operating and nonoperating income relates to: (1) continuity of income. (2) primary activities of the reporting entity. (3) consistency of income stream. (4) reliability of measurements.
The reason why there is a difference between operating and nonoperating income is (2) primary activities of the reporting entity.
What is nonoperating income?This is income that a company gets from activities that the company does not engage in primarily. For instance, a manufacturing company getting income from investments in a tech firm.
Operating income on the other hand, is income that is acquired from the primary activities of the company in question.
In conclusion, option 2 is correct.
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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. during the antebellum period u.s. tariffs on imported cotton textiles a. increased profits for british textile producers. b. decreased the prices of cotton textiles in the u.s. c. were supported by the southern states. d. were harmful to u.s. textile producers and their employees. e. none of the above is correct
None of the above is correct. This is because the tariffs made it more expensive to import cotton textiles from Britain and other countries.
During the antebellum period, US tariffs on imported cotton textiles had a complex effect. While the tariffs did increase profits for British textile producers, they did not necessarily decrease prices of cotton textiles in the US. In fact, the tariffs passed by the US Congress in 1824, 1828, and 1832 actually resulted in higher prices of imported cotton textiles and increased profits for US textile producers. The tariffs were also supported by the northern states, not necessarily the southern states, since the northern states had a larger industrial base. Therefore, the tariffs were not necessarily harmful to US textile producers or their employees. Tariffs are taxes levied by one nation on products and services imported from another country in order to influence it, collect money, or safeguard competitive advantages.
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whats a simple definition of rebate???
Government involvement in a modern economy is generally defended because. the marketplace always meets the needs and wants of society's members.
Government involvement in a modern economy is generally defended because governments are more able than firms to meet some needs and wants of society
All modern economies, whether communist or entrepreneur, arranged or unplanned, have a few normal exceptional highlights.
We observe that there is minute division of work and specialization so there is co-activity and interdependence among a large group of makers and buyers in light of a perpetual chain of trades.
The town independence and separation, which characterised crude economies, have vanished. Also, there is broad utilization of plant and hardware and present day gear. Thusly, the arrangement of creation, rather than being straightforward and direct, has become circuitous and indirect. It is a constant and round process like the 'egg-chicken-egg' succession. A huge extent of the community's assets are redirected from current utilization to the creation of devices, hardware and gear. There is capital development for a huge scope making arrangement for what's to come.
One more notable element of a cutting edge economy is the broad utilization of cash. Deal, exchanges (i.e., purchasing great with merchandise) are rare. Cash is an exceptionally helpful mode of trade, and as such it works with the working of the monetary framework. Division of work would be incomprehensible without cash being accessible to work with trades. In any case, the utilization of cash additionally breeds blasts and sorrows. Consequently, while the utilization of cash is an incredible gift, it can likewise be a revile, in the event that its worth doesn't stay stable.
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PLEASE HELLPP!!!!’Hurrryyyy
Answer:
I thinkMARKETING MANAGEMENT
HOPE IT HELPEDStaples pays George Nagovsky an annual salary of $37,200. Today, George's boss informs him that he will receive a $5,500 raise. What percent of George's old salary is the $5,500 raise? (Round to the nearest tenth percent.)
Answer:
the percentage is 14.79%
Explanation:
The computation of the percentage is shown below:
= Raise salary ÷ annual salary
= $5,500 ÷ $37,200
= 14.79%
Hence, the percentage is 14.79%
We simply applied the above formula so that the correct percentage could arrive
What are the benefits temporary employment offer employers?
1. They usually don't have to pay for thr insurance of the worker.
2. They can generally sack the worker out when there is no work.
3. The workers don't generally get pensions.
The role of corporate support in event marketing has
in the past few decades.
a. Increased
b. Decreased
C. Remained status quo
d. Developed
Hailey is considering taking out an 8-year loan with monthly payments of $115 at an apr of 3. 2%, compounded monthly, and this equates to a loan of $9728. 75. Assuming that hailey's monthly payment and the apr of the loan remain fixed, which of these is a correct statement?.
The total loan amount is $9728.75. Hence, B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
As the term of the loan increases, the total amount of the loan increases as well. This is because a longer loan term means more opportunities for interest to accrue, which increases the overall cost of the loan. Since the monthly payment and APR are fixed, as the term of the loan increases, the total amount of the loan would decrease.
To calculate the total loan amount, you can use the formula:
Loan Amount = Monthly Payment x\(( ( 1 + r )^n^ -^ 1) / (r * (1 + r)^n)\)
Where:
Loan Amount is the total loan amount
Monthly Payment is the fixed monthly payment ( $115 in this case)
r is the monthly interest rate (3.2%/12)
n is the number of months for the loan term ( 8 years x 12 months/year)
Plugging in the values from the question:
Loan Amount = 115 x ( ( 1 + 0.0032 )⁹⁶ ⁻ ¹) / (0.0032 x (1 + 0.0032)⁹⁶)
Loan Amount = 115 x ( 1.0032⁹⁶ ⁻ ¹) / (0.0032 x 1.0032⁹⁶)
Loan Amount = 115 x (2.812973 - 1) / (0.0032 x 2.812973)
Loan Amount = 115 x 1.812973 / 0.0096
Loan Amount = 9728.75
Hailey is considering taking out an 8-year loan with monthly payments of $115 at an APR of 3.2%, compounded monthly, and this equates to a loan of $9728.75. Assuming that Hailey's monthly payment and the APR of the loan remain fixed, which of these is a correct statement?
A. If it were a 6-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
B. If it were a 14-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
C. If it were a 12-year loan, the amount of the loan that Hailey is considering taking out would be less than $9728.75.
D. If it were a 10-year loan, the amount of the loan that Hailey is considering taking out would be more than $9728.75.
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