On July 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. Principal for first annual payment will be d) $17,258.
Shady Creek Resort borrowed $250,000 cash on July 1st.
Time span = ten years
8% interest rate
The following interest expense is included in the first annual payment: = Amount borrowed Interest rate
= $250,000 × 8%
= $20,000
As a result, the interest charge will be included in the first annual payment of $20,000, which is a total of $20,000.
Annual payment principal = Equal payment - interest rate
= 37,258 - 20,000
=$ 17,258
An annual billing cycle is paying for the complete year of service in a single yearly payment. Subscription billing locks the customer into an automated cycle that will bill them once a year until they cancel.
Divide your interest rate by the amount of payments you'll make each year, which is normally 12 months. Multiply that sum by the loan's original balance, which should be the complete amount borrowed.
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Correct question:
on july 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each june 30 of $37,258. what amount of principal will be included in the first annual payment? multiple choice
a) $37,258
b) $20,000
c) $232,742
d) $17,258
e) $25,000
Sohail is told by his doctor that he needs to increase his mineral Intake. Which nutrients does he need to increase in his daily diet?
Calcium
Glucose
Starch
Sodium
Carbohydrates
Answer:
Calcium
/2short
under which scenario would an hr manager be required to rehire a striker who wanted to be reinstated?
Following unfair labor practice strikes.
Employees who are on strike are known as economic strikers if their goal is to pressure their employer to make a financial concession, such as higher pay, less hours worked, or better working conditions.
They maintain their status as employees and cannot be let go, but their employer may replace them.
Unfair labor practice strikers are workers who go on strike to protest an unfair labor practice that their employer has engaged in. Such strikers cannot be permanently replaced or released.
Unfair labor practice strikers are entitled get their employment back when the strike is over, even if workers hired to do their job must be let go, barring substantial wrongdoing on their part.
If the Board determines that economic strikers or unfair labor practice strikers who filed an unequivocal demand for reinstatement had it wrongfully rejected by their employer, the Board may grant these strikers severance pay beginning at the moment they ought to have been reinstated.
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Your uncle is 60 years old and over the years he has accumulated savings of $300,000. He places his $300,000 into an account earning 6% annually and sets it up in such a way that he will be making 15 equal annual withdrawals.(Use the present value tables)
How much will he be able to withdraw each year?
Based on the given parameters, your uncle will be able to withdraw approximately $30,881.85 per year for 15 years from his accumulated savings of $300,000, assuming a 6% annual interest rate.
To determine how much your uncle will be able to withdraw each year, we can use the concept of an annuity and the present value tables.
Given:
Principal amount (savings) = $300,000
Annual interest rate = 6%
Number of years of withdrawals = 15
We want to find the equal annual withdrawals that can be made over 15 years.
Using the present value of an annuity formula, we can calculate the amount:
Present Value = Annual Withdrawal × Present Value Interest Factor of an Annuity
The Present Value Interest Factor of an Annuity (PVIFA) can be found in the present value tables. By looking up the value for 15 years and 6% interest rate, we find that the PVIFA is approximately 9.713.
Now we can rearrange the formula to solve for the annual withdrawal amount:
Annual Withdrawal = Present Value / PVIFA
Annual Withdrawal = $300,000 / 9.713
Annual Withdrawal ≈ $30,881.85
Therefore, your uncle will be able to withdraw approximately $30,881.85 each year over a period of 15 years.
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1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
Explain five steps in product design for a business
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
Do non-profit businesses make a profit ?
Answer:Yes
Explanation:
When faced with needing additional money during college, which option is NOT true?
Taking on a job can cut into study time.
Paying with credit cards can end up costing more money.
Paying with additional loans can lead to connections and opportunities.
Taking on a job can make connections that lead to opportunities.
Answer:
c
Explanation:
Additional loan incurs more debt doesn't lead to opportunities or connections
suppose your income rises from $39,000 to $51,000, while the cpi rises from 122 to 169. your standard of living has likely
As my income rises from $39,000 to $51,000, while the CPI rises from 122 to 169, my standard of living has likely risen.
What is standard of living?The level of income, comforts, and services available is generally applied to a society or location rather than an individual. The standard of living is important because it is thought to influence an individual's quality of life.
A cost-of-living index would track changes in the amount of money consumers need to spend to reach a certain "utility level" or "standard of living" over time.
The CPI and a cost-of-living index would both reflect price changes in goods and services such as food and clothing.
Therefore, the standard of living increases when the income and CPI rises.
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During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?
The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.
What is the maturity stage of the product life cycle?Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.
In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.
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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?
(b) How can employers help facilitate successful teamwork?
Grant started a business this year. He earned $200,000 in revenues and had $150,000 in expenses. His other alternative would have been to go back to his old job, where he earned $70,000. What are Grant's "true" profits from his business
Answer:
Profit from the business = $50000.
Explanation:
Total revenue from the business = $200000
The total cost that occurred in business = $150000
Now we have to calculate the true profit from the business. So, it can be calculated by subtracting the total cost from the total revenue.
Below is the formula to find the profit.
Profit = total revenue – total cost
Now insert the given values in the formula.
Profit from the business = $200000 - $150000
Profit from the business = $50000
The amount of Grant's "true" profits from his business is $50000. Profits are termed as the total revenues that the firm earns on selling the produced goods and services.
Given information are:
Total revenue from the business = $200000
The total cost that occurred in business = $150000
Computation of profit:
Profit = Total Revenue- Total Cost
Profit = $200000- $150000
Profit = $50000
Therefore, the amount of profit the company earned is $50000.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Firms must provide the right incentives if they are to get __________ to focus on long-run value maximization.
Firms must provide the right incentives if they are to get managers to focus on long-run value maximization.
Conflicts arise between managers and debtholders as well as between managers' clients, the shareholders, and those clients. Maximizing shareholder wealth may clash with managers' personal objectives.A manager is someone who is in charge of monitoring and inspiring workers as well as guiding the development of a company. The person in charge of customer service, who resolves client complaints, and who watches over and manages customer service representatives is an example of a manager.
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What is a key requirement of a savings plan?
0 to prioritize saving regularly without exception
O to save any money that has not been spent
Oto prioritize saving money when it is convenient
O to save money whenever you are at the bank or an ATM
To prioritize saving regularly without exception.
What is a saving plans?
Savings plans are financial solutions intended to encourage responsible saving while providing consistent returns that aid in reaching your financial objectives. These plans, which are typically life insurance products, protect your loved ones' finances in the event that something were to happen to you.What are the benefits of savings plan?
Helps Save Taxes: Since saving plans are essentially life insurance plans, they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.Why is saving crucial?
Having a budget can assist you:Manage unforeseen expenses and crises. Reach your financial objectives, such as saving for a car, a down payment for a home, or your retirement.To know more about savings, checkout this link:
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price takers are firms that take or accept the price and have no ability to influence that price is called
Companies who accept the current market pricing for their goods or services are known as price takers because they are powerless to change it. That's right: You can't have it both ways.
If you want to have it both ways, you have to have both of these things. They operate in markets with perfect competition, where numerous small businesses provide the same goods or services and no one company has the capacity to set prices. Price takers must concentrate on reducing their expenses if they want to stay profitable and competitive. Companies are unable to increase prices without losing customers to rival companies who charge less for comparable goods and services. Price takers must optimise their operations and efficiencies to stay cost-effective while retaining the quality of their goods or services in order to thrive in a competitive market.
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What is the meaning of the term "price takers" in economics and how are these firms characterized?
Which occupations are expected to earn between $55,000 and $74,999? Select three options.
Postsecondary Teachers
Carpenters
Dental Hygienists
Firefighters
Childcare Workers
Librarians
Answer:
postsecondary teachers , dental hygienist , librarians
Explanation:
ed class test
exercise 18-14 predicting sales and variable costs using contribution margin lo c2 bloom company management predicts that it will incur fixed costs of $268,000 and earn pretax income of $345,600 in the next period. its expected contribution margin ratio is 52%. required: 1. compute the amount of total dollar sales. 2. compute the amount of total variable costs.
Total dollar sales: $1,296,000.
Total variable cost: $972,000.
Step 1: Definition of Variable Cost
Variable costs are those incurred by the company entity that move in the same direction as the product output level. To determine the contribution margin, it is subtracted from the sales that were made.
Step 2: Total dollar sales
Calculation of contribution margin:
Particular Amount $
Fixed cost $160,000
Add: Pre-tax income $164,000
Contribution margin $324,000
Step 3: Total variable cost
Particular amount $
Sales $1,296,000
Less: Contribution margin (324,000)
Variable cost $972,000
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which situation ONLY describes a purchase with a credit card?
A situation that will happen only with a credit card purchase is D) Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
Which situation happens with a credit card purchase?When we purchase with a credit card, it means that we do not use cash and instead the money is deducted electronically from our card.
We will then see this purchase amount on a credit card bill that is sent after some time like Mike was.
Options for this question include:
A) Ally loves her card because it is convenient to use, and she doesn't have to carry cash.
B) Don pays for lunch with his card. Each time he uses this card his checking account decreases.
C) Nancy purchased a movie ticket with her card. The money came straight out of her checking account.
D) Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
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in the far future, an entrepreneur with a large fleet of space ships decides to capture and bring to earth some valuable asteroids. if at that time, there is a shortage of usable metals on earth, what type of asteroids should his employees search for?
If there is a shortage of usable metals on earth and an entrepreneur with a large fleet of spaceships decides to capture and bring valuable asteroids to earth in the future, his employees should search for metallic asteroids.
Metallic asteroids have a high density and are mostly composed of iron, nickel, and precious metals like gold, platinum, palladium, and silver. These asteroids are usually easier to mine because they contain metals that are highly sought after by industries.
They are also a potential source of rare earth elements and other important minerals for the manufacturing of modern electronic devices and green technology.
Thus, in case of a shortage of usable metals on earth, it would be beneficial to search for metallic asteroids to bring back to earth.
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mixing equipment from different manufacturers can result in:
Mixing equipment from different manufacturers can result in compatibility issues, operational difficulties, and potential safety hazards. It is important to ensure that all equipment is designed to work together and meets the necessary safety standards before attempting to use them together.
Using equipment from different manufacturers may also void warranties and make it more difficult to obtain technical support or replacement parts. Therefore, it is recommended to use equipment from the same manufacturer or consult with experts to ensure proper compatibility and safe operation and potential performance discrepancies, and possible warranty or support challenges. It's essential to ensure the equipment can work together effectively to achieve optimal results.
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Which examples demonstrate common Counseling and Mental Health Services workplaces? Check all
Yuri provides family therapy at a nonprofit clinic.
Pierre helps people perform basic life tasks in their homes.
Harley advises patients with drug abuse problems at a private substance abuse treatment center.
Ed is a self-employed Psychologist who treats patients in a private clinic.
Kristen clips and styles hair in a private hair salon.
Emily organizes events in a private funeral home.
Answer:
a
c
d
Explanation:
the answer is :
a). yuri provides family therapy at a nonprofit clinic.
c). harley advises patients with drug abuse problems at a private substance abuse treatment center.
d). ed is a self-employed psychologist who treats patients in a private clinic.
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
why is it important to be a good communicator for a successful future?
Answer:
Explanation:
Being an excellent communicator can help you land that first job in your new career and ensure a positive future. It can separate you from other applicants, help you be a more effective employee and serve as a stepping stone to leadership responsibilities and career advancement.
Place the steps to creating a budget in order:
Figure out your net income.
Make a list of fixed expenses
Make a list of variable expenses.
Adjust expenses as needed
Determine if you have enough income to cover all your expenses.
Answer:
1. Figure out your net income
2. Determine if you have enough income to cover all your expenses
3. make list of variable expense
4. make list of fixed expenses
5. adjust expense
done !
T/F,The entrepreneurial mind-set is found primarily among managerial and scientific employees.
False.
The entrepreneurial mindset is not limited to managerial and scientific employees. It can be found in individuals from various fields and backgrounds, as it involves creativity, innovation, and a willingness to take risks in pursuit of new opportunities.
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Why is it a mistake to put e-mail addresses of people who don't know each other in the "to:" field?
An email is a form of electronic communication that allows you to send messages to other people. Because of the rise in cybercrime, we might assume that unusual emails can be risky.
Importance of Sending an Email?Email is a popular method of corporate communication since it is quick, cheap, widely available, and easily replicated. Email may be extremely beneficial to organizations because it provides an efficient and effective means of transmitting all types of electronic data.
One of the primary benefits of email is the ability to rapidly and conveniently distribute electronic files such as written documents, photographs, and data sheets to multiple contacts at the same time by simply attaching the file to an email.
Thus, The person you send it to will most likely think it's a fraud or that it was sent to the wrong person. But, most critically, to ensure that no one's email address is leaked. They did not agree to have their contact email shared with others.
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Over the last several decades, power in supply chains has increasingly been shifting to?
Over the last several decades, power in supply chains has increasingly been shifting to retailers.
A retailer, sometimes known as a merchant, is a business that sells products directly to customers, such as groceries, vehicles, or apparel, with the intention of making a profit. This business may run both online and in a physical location.
The supply chain's consumer-facing component is represented by retailers, with whom most consumers have regular interactions. They are available in numerous varieties, designs, and sizes.
A producer, wholesaler, or another distributor often sells their products to retailers, who subsequently resale them to the general market. Large retailers like Walmart and Target acquire products in bulk from producers or wholesalers, but local grocers or tiny, family-run pharmacies can also buy from these places or from smaller suppliers.
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Jasper takes a lot of short videos for his job as an HR trainer. What is one reason he might want to store the video files on an external hard drive? A. Files stored on hard drives are easier to share. B. The files are large and slow down his computer. C. He can just hand his hard drive to any employee who needs training. D. The files could give his computer a virus.
Answer:
B, the files are large and slow down his computer.
Explanation:
Yes, files tored on ahrd drives are easier to share, but with technology nowadays, this isn;t all true. As for C, why would he hand it to someone in training, thats debunked there. For D, yes this could happen but it's not common especially if they're work files. B is correct because these files take up space on the computer and when the computer runs so many things in the baground, it runs slower. It's not good to have so many files clouding the things on the computer.
One reason he might want to keep the video files on an external hard drive is that they are large and will slow down his computer.
What is external hard drive?An external hard drive is a portable storage device that can be connected to a computer via USB, FireWire, or wirelessly. External hard drives have large storage capacities and are frequently used to backup computers or as a network drive. This was most recently updated in October 2012. External hard drives vary in storage capacity, but they all connect to a computer via USB, FireWire, eSATA, or wirelessly. External hard drives are also known as portable hard drives. A flash drive is a popular and extremely portable type of external hard drive. The primary distinction between an internal and external hard drive is location.To learn more about external hard drive, refer to:
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What do the ending balances of permanent accounts for one fiscal period represent at the beginning of the next fiscal period?.
The ending balances of permanent accounts represent the beginning balances of such accounts for the following fiscal period.
What is fiscal period ?A fiscal period, also known as a fiscal year, is a 12-month period in which a business entity accounts for all transactions and events involving that company. The 12-month period does not always correspond to the calendar year, or January 1st to December 31st.A fiscal year is when a company accounts for all of its occurrences over the course of a year. Typically, businesses base their year on the calendar year. Because taxes are always calculated by the calendar year, this simplifies tax calculation.Companies use the fiscal period concept because it is easier to calculate financials if the company's financials resemble the company's natural business cycle.Many annual government fees are levied on a fiscal year basis, such as council tax and licence fees, but others are charged on an anniversary basis.To learn more about fiscal period refer :
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What do individuals and households provide to the government?