Based on the calculation done below, the payment on the 72-month car loan is $331.36 monthly.
How do we calculate the monthly loan payment?The monthly payment of the car loan can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
M = PV / ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
M = Monthly payment = ?
PV = Present value or the car loan = $20,000
r = Monthly interest rate = Annual interest rate / 12 = 5.99% / 12 = 0.059 /
12 = 0.00491666666666667
n = number of months = 72
Substitute the values into equation (1), we have:
M = $20,000 / ((1 - (1 / (1 + 0.00491666666666667))^72) / 0.00491666666666667)
M = $331.36
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what do i say to "tell me about yourself" in a job interview
(20 pts)
Answer:
1- Mention past experiences and proven successes as they relate to the position. ...
2- Consider how your current job relates to the job you're applying for. ...
3- Focus on strengths and abilities that you can support with examples. ...
4- Highlight your personality to break the ice.
Explanation:
Potential output is not purely a physical measure based on the number of workers and existing factories because:
Potential output is not purely a physical measure based on the number of workers and existing factories because factories may be technologically obsolete.
What is potential output?Potential output of an economy is used to determine the amount of goods and services that is produced when people are gainfully employed.
It does not consider unemployment everyone is assumed to be working.
Therefore, Factories may not function again and cannot be called potential output.
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Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if Multiple choice question. price is regulated at the socially efficient level. profits are regulated at the socially efficient level. the HHI exceeds 1,800. profits are forced to be negative
Even if the company is allowed to operate as a monopoly, there can still be social welfare gain if price is regulated at the socially efficient level.
How can a monopoly benefit society?Monopolies are able to charge high prices because they are the only supply. This harms consumer surplus, and therefore reduces social welfare.
If the prices that the monopoly charges can be limited to a socially efficient amount, then the society would benefit.
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Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state before the annual election period. He has a stand-alone prescription drug plan and has learned it is not available where he is moving. He doesn’t know what he should do. What can you tell him?.
Answer:b.
Because he is moving outside of the service area, the plan must automatically disenroll him. He will have a special election period to select a new plan.
Explanation:
Despite the fact that he's transferring outdoor of the provider location, the plan should robotically disenroll him. He could have a special election length to pick out a new plan.
What is a stand-alone prescription drug plan?A PDP is often known as a “stand-by myself prescription drug plan” because it is separate prescription drug insurance that Medicare beneficiaries can purchase – thru private insurers – commonly to supplement unique Medicare.
What are the four prescription drug insurance levels?For the duration of the year, your prescription drug plan prices might also change depending on the insurance degree you are in. When you have an element D plan, you pass via the CMS coverage degrees on this order: deductible (if applicable), initial coverage, insurance hole, and catastrophic coverage.
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after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, the following will most likely occur
The next thing to occur would be B. the price level in the economy will rise and the money demand will decrease
What is Interest Rate?This refers to the amount of money that is added to be paid back on the settlement of a loan.
Hence, we can see that after the federal reserve buys bonds, the interest rate changes and aggregate expenditures change, thus will cause the price level in the economy will rise and the money demand will decrease
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Which player in the economy supplies labor in the factor market?
a. Government
b. Households
c. Business firms
d. Rest of the world
The player in the economy which supplies labor in the factor market is the households.
What is supply of labor?This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
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Answer: Households
HouseHolds supply the factor market.
identify the functions of an enhancer in transcription.
We can actually deduce here that the functions of an enhancer in transcription is:
A cis-regulatory element that regulates gene transcription in specific tissues or cells.Regulates transcription by catalyzing the formation of an enhanceosome, activating transcription.What is an enhancer?An enhancer in genetics refers to be a region of DNA that actually increases the chances of a transcription of a gene to occur. They are proteinous and usually referred to as transcription factors.
We can see here that the above are identified as functions of an enhancer in transcription.
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Help!!!!!!!!!!!!!!!!!
Answer:
being untrusting
Explanation:
as you have save all the money in ur home then it's mean that you don't trust any one
The activities buyers and sellers perform to facilitate mutually satisfying exchanges is:
The activities buyers and sellers perform to facilitate mutually satisfying exchanges is marketing
Buyers and SellersBuyers are those that request for goods and services for consumption purpose while the sellers make goods and services available to the buyers,
Both buyers and sellers carry out activities for mutual benefit of both parties. These activity that is being performed between the parties is known as marketing.
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The federal government’s health care program for older individuals is ________
_______ is the government’s health care program for low-income families.
Medicare, Medicaid
...
ExplanationAnswer:
medicare, medicaid
Explanation:
edmentum
A firm’s mixture of debt and equity financing is the result of its ______ decisions.
Explanation:
Its answer is capital structure
What is the approximate yield to maturity for a $1000 par value bond selling for $1120 that matures in 6 years and pays 12 percent interest annually
The approximate yield to maturity of the bond considering the par value, selling price as well as years to maturity is 9.43%
The requirement is to determine the approximate yield to maturity of the bond using a formula approach.
The approximate yield to maturity of a bond is different from the yield computed using a financial calculator or excel spreadsheet because the yield computed using a software approach is precise, in other words, the approximate yield to maturity of a bond can be computed using the formula provided below:
Yield=(C+(F-P)/n))/(F+P)/2
C=annual coupon=12%*$1000
C=$120
F=face value=$1000
P=current price=$1,120
n=years to maturity=6
Yield=($120+($1000-$1120)/6)/($1000+$1120)/2
Note $1000-$1120/6=-$20
Yield=($120-$20)/($2,120)/2
Yield=$100/$1060
Approximate yield=9.43%(rounded to 2 decimal places)
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The U.S. government funds the federal budget deficit by Group of answer choices borrowing from large private banks at favorable terms and low interest rates. selling securities such as Treasury bonds and Treasury bills. selling stock in government-owned corporations. selling shares in gold owned by the Federal Reserve via special drawing rights.
The U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
What is budget deficit?Budget deficit is when the government expenditure is more that its revenue. Here, the expenses incurred are more that what comes in as income to the government.
Hence, the U.S. government funds the federal budget deficit by selling securities such as Treasury bonds and Treasury bills.
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classical economists saw the depression as a political problem, not an economic problem. why?
Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.
Classical economistsThe Classical economists believe that the great depression experience was as a result of as a political problem.
The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.
Therefore they believed that labor unions were stopping the wage level from rising.
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Which agency sets up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise?
The agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
What are the function of NAFDAC?NAFDAC means the national agency of food and drug, admistration and control.
They are organization is responsible for standadizing the goods produced by manufacturing industries. They ensure these industries comply with the set standards before producing food for consumption purpose.
Hence the agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
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company leaders expect advertising agencies to produce tangible outcomes with an increasing emphasis on ______.
Advertising is an important expense for the organizations, company leaders are now expecting to produce tangible outcomes of advertisement with an increased emphasis on accountability and measurable results.
Measurable results are important for the expenditure to analyze and to plan further expense to be more effective
What is an advertisement?An advertisement is an expense that is to inform consumers about the product and its benefits. The amount spent on advertisement is generally expensed out in the statement of profit or loss.
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according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets?
According to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
What are data-driven decisions?A data-driven decision is the use of facts, metrics, and data to guide strategic business decisions to align with organizational future goals, objectives, and current initiatives.
Data-driven decisions enable organizations to observe real data and gain predictive insights, enabling the organization to achieve efficiency and effectiveness in its operations.
Thus, according to the International Data Corporation (IDC), the crucial ability that will make cloud computing essential for businesses to succeed, sustain, and compete in today’s markets is D. Data-driven decisions.
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Cash advance fees, late payment fees, and balance transfer fees are considered ____________ fees.
Cash advance fees, late payment fees, and balance transfer fees are considered transaction fees.
What are Transaction Fees?A transaction fee can be described as the expense that must be paid by a business each time electronic payment or other transaction is been processed by for a customer transaction.
Some examples of transaction fees are:
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The common denominator for decisions on service processes is _______, but for manufacturing processes it is _______
The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
What is a common denominator?This refers to the feature that is shared by all members, item, quantity of a subject matter.
Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.
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Your opening a small toy store. Identify three decision about inventory you would need to buy in your first year of operation. What type of information, if any would you want or need to have available in you accounting information system to help you make each of those decisions?
Your main focus should be towards what kind of toys kids demand or you should have proper supply or not.
There are three inventory decisions you would need to make throughout your first year of business :
1. The most crucial decision you must make is how many new toys should be bought to satisfy expected demand for the product. Sales will be lost if you order too little, and profits will be decreased if you order too much due to the low pricing offered during clearance sales.
2. The second most crucial decision you must make is to keep your toys up to dated according to kids interest.
3. The third most important decision not to move towards higher return in your first year by offering less price than M.R.P.
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Sunk costs are costs that ____. Multiple choice question. will not contribute to profits in the long run even if a project is accepted have already occurred and are not affected by accepting or rejecting a project relate to other projects of the firm cannot be measured
A sunk cost is a cost that have already occurred and are not affected by accepting or rejecting.
What is a sunk cost?These refer to costs that the business has already incurred and so cannot recuperate regardless of whether they accept a project or not.
They therefore have no say on a project's acceptance and should not be included in any project analysis.
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The purpose of the gross method of accounting for sales discounts is to a.avoid recording a subsequent adjusting entry. b.record the largest amount of sales to show robust revenues. c.assume the customer will not take the discount. d.abide by the GAAP requirements to record sales in the amount most likely to be received.
The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.
What are GAAP requirements?Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.
Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.
Therefore, the Option D is correct.
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What might a concept include along with a brief written description of the product?
Along with a brief description of a product, a concept might include a visual image to satisfy the customer.
What is a Visual image?A visual image is a visible drawing or diagrammatic expression that represents a concept. A visual image gives an idea of the product and gives a detailed description of what to expect of the product.
When advertising a product, a visual image is needed to satisfy or convince a customer on the particular product.
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______ products are purchased by the ultimate consumer, whereas Blank______ products are purchased by organizations to assist them in providing other products for sale.
Consumer products are purchased by the ultimate consumer, whereas business products are purchased by organizations to assist them in providing other products for sale.
What are consumer products and business products?Any item created or supplied with the intention of being sold to a customer and used, consumed, or enjoyed by that consumer is referred to as a consumer product. Products that are often designed primarily for business, commerce, or industry usage are not included in the consumer products.
Examples: clothes, food, jewelry
The items are regarded as business products if they are purchased by a company for internal usage.
Examples: raw materials, equipment
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What would chester corporation’s market capitalization be if the current stock price fell 10%?.
If the current share price drops by 10%, Chester Corporation will have a market capitalization of $ 73,668,639 or $ 73.7 million.
Market capitalization = current stock price x total number of issued shares.
I don't know the total number of issued shares or the current stock price, so I can use another question as an example.
Another question is that the total number of issued shares is 3,225,987 and the current share price is $ 20.76. So if the current market capitalization = 3,225,987 x $ 20.76 = $ 66,971,490
stock price rises 10% ($ 22.836), Chester's market capitalization = 3,225,987 x $ 22.836 = 73,668. $ 639 or $ 73.7 million.
What defines stock price?The stock price is a relative and proportional value of a company's worth. Therefore, it only represents a percentage change in a company's market cap at any given point in time. Any percentage changes in a stock price will result in an equal percentage change in a company's market cap.
What is market capitalization?Market capitalization, or market cap, is the total value of a company’s shares of stock. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price. Shares outstanding includes all shares — those available to the public as well as restricted shares available to and held by specific groups.
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The united states is a ______________ economy, with nearly all of the characteristics of a ____________________ economy.
The following transactions apply to Ozark Sales for Year 1:
1. The business was started when the company received $50,000 from the issue of common stock. 2, Purchased inventory of $380,000 on account.
3. Sold for $510,000 cash (NOT including sales tax). Sales tax of 8 percent is collected when the merchandise is sold. The merchandise had a cost of $330,000.
4. Provided a six-month warranty on the merchandise sold. Based on industry estimates, the warranty claims would amount to 2 percent of sales.
5. Paid the sales tax to the state agency on $400,000 of the sales.
6. On September 1, Year 1, borrowed $50,000 from the local bank. The note had a 4 percent interest rate and matured on March 1, Year 2.
7. Paid $6,200 for warranty repairs during the year.
8. Paid operating expenses of $78,000 for the year.
9. Paid $250,000 of accounts payable.
10. Recorded accrued interest on the note issued in transaction no. 6.
Prepare the journal entries for the preceding transactions and post them to the appropriate T-accounts.
Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
Corporate executives realize that if they can establish ideological outposts in the minds of people, they can use those outposts to.
Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, __________, or avoid a hazard.
Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, pass another, or avoid a hazard. Read below about travel lane.
What is a travel lane?A traffic lane or travel lane is a lane for the movement of vehicles travelling from one destination to another, not including shoulders. A through lane is a traffic lane for through traffic. At intersections, these may be indicated by arrows on the pavement pointing straight ahead.
Therefore, the correct answer is as given above.
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If you were a policy maker in country lt, how would you ensure that the ideals of free enterprise are preserved while protecting the citizens of your nation? explain your answer in three to four sentences.
I will ensure that the ideals of free enterprise are preserved by implementing price regulatory system.
What is free enterprise?It should be noted that free enterprise is an economic system that's driven by demand and supply.
In this case, I'll ensure that the ideals of free enterprise are preserved by implementing price regulatory system. This is important to prevent exploitation of consumers.
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Answer:
If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.
Explanation:
