Regarding the supply of a financial product/service, explain: (200-250 words each)
a) what is meant by the term consumer contract; and
b) what is meant by the term personal advice.
Answers
a) A consumer contract refers to a legally binding agreement between a provider of a financial product or service and an individual consumer or customer. It outlines the terms and conditions that govern the relationship between the two parties. Consumer contracts are essential for establishing the rights and obligations of both the provider and the consumer.
In the context of financial products or services, a consumer contract typically includes details such as the product/service being offered, the fees and charges associated with it, the duration of the contract, any limitations or restrictions, and the rights and responsibilities of both parties. It is important that consumer contracts are fair, transparent, and written in clear and understandable language to ensure that consumers are adequately informed and protected.
Consumer contracts play a crucial role in regulating the supply of financial products and services, as they provide a legal framework for the rights and obligations of both providers and consumers. They help establish trust and ensure that both parties are aware of their responsibilities and the terms under which the financial product or service is being offered.
b) Personal advice refers to specific recommendations or guidance provided by a financial adviser or representative to an individual client based on their personal financial circumstances, needs, and objectives. Personal advice takes into account the client's financial situation, risk tolerance, investment goals, and other relevant factors to provide tailored recommendations.
Unlike general information or general advice, which is not personalized and does not take into consideration an individual's specific circumstances, personal advice is specific to the client's situation and aims to meet their specific financial goals. It involves an assessment of the client's needs and a recommendation of suitable financial products or strategies.
Personal advice is important because it allows individuals to make informed decisions about their financial affairs. By considering their unique circumstances, personal advice helps clients understand the risks and benefits associated with different financial products and services. It assists them in choosing investments, insurance policies, or other financial solutions that align with their objectives and preferences.
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Related Questions
Sheldon has a home valued at $108,000 and an outstanding mortgage of $70,000. If his lender is willing to provide a home equity loan of up to 80% of market value, how much could Sheldon borrow using a home equity loan?
Answers
Answer:
$16,400
Explanation:
Sheldon has a home that is valued at $108,000
The outstanding mortgage is $70,000
The lender is ready to provide a home equity loan of 80% market value
Therefore, the amount of money that Sheldon would be able to borrow can be calculated as follows
= 80/100×$108,000
= 0.8×$108,000
= $86,400
$86,400-outstanding mortgage
= $86,400-$70,000
= $16,400
Hence Sheldon should be able to borrow $16,400 using the home equity loan
Ellora wants to accumulate $150000.50 in an RRSP by making annual contributions of $5000.00 at the end of each year. If interest is 5.5% compounded yearly, calculate how long she has to make contributions. a. 18.202125 b. 17.455483 C. 18.076686 d. 17.585794 e. 18.676765
Answers
To calculate the number of years Ellora has to make contributions to accumulate $150,000.50 in an RRSP with annual contributions of $5,000.00 and a yearly interest rate of 5.5% compounded yearly, we need to solve for the number of periods. c) 18.076686
The options provided are: a) 18.202125, b) 17.455483, c) 18.076686, d) 17.585794, and e) 18.676765.
In this case, we can use the formula for the future value of an ordinary annuity to determine the number of periods. The formula is:
FV = P * [(1 + r)^n - 1] / r,
where FV is the future value, P is the periodic payment, r is the interest rate per period, and n is the number of periods.
Substituting the given values, we have:
$150,000.50 = $5,000 * [(1 + 0.055)^n - 1] / 0.055.
To solve for n, we can rearrange the formula:
[(1 + 0.055)^n - 1] / 0.055 = $150,000.50 / $5,000.
Simplifying further, we get:
(1.055^n - 1) / 0.055 = 30.001.
To find the value of n, we can use trial and error or a financial calculator. The correct answer is option c) 18.076686, which represents the approximate number of years Ellora needs to make contributions to accumulate $150,000.50 in her RRSP.
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energy is an emerging industry promoting the use of water to provide energy.
Wind
Hydro
Water
Solar
Answers
Answer:
answer is solar energy cuz it is an emerging industry.
How can companies that have a heavy distribution footprint incorporate sustainability into their business model?
Answers
In order to include sustainability Packaging materials should be optimized, minimized, and reduced. Reduce packing by utilizing recyclable, airy, biodegradable, compostable, and renewable products. Keep a watch out for material contamination (toxicity) in their business model and stay away from composite or mixed components.
Sustainable distribution results in better logistical transportation, which moves goods between sellers and buyers with the fewest adverse social and environmental repercussions. This includes storage, order processing, picking, packing, better vehicle loading, delivery to the customer or purchaser, and package disposal. It also covers the entire delivery process.
Distribution has a big impact on a product or service's ecological impact. Reusable packaging reduced the amount of packaging waste, and better infrastructure for distribution and transportation all have a big influence. Choose a supply chain that is entirely closed.
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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answers
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation:
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
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what is cooperative skill
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The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling epidament that costs $123,100 and will be depreciated at a CCA rate of 30%. Shell will kase the equipment to others and each year receive $34,000 in rent. At the end of the years, the firm will sell the equipment for $33,500. All values are presented in today's dollars Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%.
Answers
So, the overall present worth of these cash flows with tax effects is $17,847.65.
The overall present worth of these cash flows with tax effects can be calculated using the present value formula, which is:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
In this case, the future value is the equipment's cost minus its salvage value at the end of its useful life. The salvage value is calculated by subtracting the accumulated depreciation from the equipment's cost.
The salvage value of the equipment at the end of its useful life is calculated as follows:
Salvage value = Cost - Accumulated Depreciation
Salvage value = 123,100−123,100 * (34/100) = $98,647
The future value of the equipment is therefore:
Future value = 123,100−98,647 = $24,453
The interest rate is the tax rate, which is 34%. The number of periods is the number of years that the equipment will be rented, which is 4 years.
PV = Future value / (1 + 34/100)^4
PV=24,453 / 1.344
PV = $17,847.65
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27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Answers
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply.
Answers
The additional details that should be included in the communication plan for performing backlog clean-up every month are: Location, Type of communication, Recipients, and Duration.
What additional details should be included in the communication plan?The communication plan for performing backlog clean-up every month should include details such as the Location where the clean-up will take place, the Type of communication that will be used (e.g., in-person meeting, email, video conference), the Recipients who need to be informed or involved in the clean-up process.
The Duration of the clean-up session (e.g., how long it is expected to take). Including these additional details in the communication plan helps ensure that everyone is aware of when and how the backlog clean-up will be conducted, facilitating effective coordination and productivity improvement in the organization.
Full:
As a project manager, part of your communication plan is to perform backlog clean-up every month. What additional details should the communication plan include? Select all that apply. Location Type of communication Recipients Duration
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explain hotel manager
Answers
Answer:
Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.
Answer:
hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget
When an employee is parting ways with a company, the human resources department should ensure thatthe employee provides a valid reason for resignation.an exit interview is arranged for the employee.project tasks assigned to the employee are completed before departure.the employee trains the new employee who is hired for the position.
Answers
When an employee decides to leave a company, it is important for the human resources department to ensure that the departure is handled in a professional and appropriate manner.
This includes ensuring that the employee provides a valid reason for their resignation and that an exit interview is arranged to discuss their reasons for leaving and any feedback they may have about the company. Additionally, it is important to ensure that any project tasks assigned to the employee are completed before their departure. This will help to ensure a smooth transition for the company and its clients and prevent any unnecessary delays or complications. Finally, it is also important to ensure that the employee trains the new employee who is hired for the position. This will help to ensure that the new employee is able to quickly and effectively take over the responsibilities of the departing employee, and minimize any disruption or confusion that may arise during the transition period.
Overall, handling an employee's departure in a professional and appropriate manner is critical to maintaining a positive company culture and reputation, and ensuring that the transition process is as smooth and seamless as possible.
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How do professional sports and the economy interact?
Answers
Answer:
Research shows local economic growth has been generated from the presence of a professional sports team in multiple ways: the creation of new jobs, increased consumer spending, increased sales in certain market segments, and increased tax revenue. Other beneficial impacts caused by sport franchises are increased tourism from hosting large
Explanation:
The U.S. is going through a period of economic difficulty; many people are out of work and buying has decreased dramatically. Place a checkmark next to each strategy the Fed might use to help stimulate the economy. The Fed increases the discount rate. The Fed decreases the discount rate. The Fed encourages government spending and lowering taxes. The Fed follows a tight monetary policy. The Fed follows an easy monetary policy. The Fed discourages spending.
Answers
Answer:
• The Fed decreases the discount rate
•The Fed encourages government spending and lowering taxes
•The Fed follows an easy monetary policy
Explanation:
The Fed uses the following to stimulate an economy;
• The Fed decreases the discount rate. Discount rate is a measurement of credit conditions in an economy. If the Fed decreases the discount rate, the excess reserves of the commercial banks with the regulatory agency increases hence enable them to charge lower rates on loan given to people which also expands money supply.
•The Fed encourages government spending and lowering taxes. When government spends, such will stimulate the demand for goods and services, which will bring about employment and increase output. Lowering taxes will enable people have higher disposable income which will enable them to spend more.
•The Fed allows an easy monetary policy. Monetary policy is a policy used by the government of a country to control the supply of money in an economy. To stimulate growth in an economy, the Fed allows an easy monetary policy thereby increasing the volume of money in circulation. Tools of monetary policies are Open market operation, bank reserve requirements, lending directly to banks etc.
to my brother jayjay
Answers
hahahahahhaha
that is very funny i am laughing so hard i am crying
What are the casts names in Ginny & Georgia
Answers
Ginny and Georgia is an American comedy drama television series created by Sarah Lampert it was released on Netflix February 24 .
The cast names in Ginny and Georgia are
The main characterBrianne Howey as Georgia Miller
Nikki Roumel as Teenage Georgia Miller
Antonia Gentry as Ginny Miller
Diesel La Torraca as Austin Miller
Jennifer Robertson as Ellen Baker
Felix Mallard as Marcus Baker
Sara Waisglass as Maxine
Scott Porter as Mayor Paul Randolph Massachusetts
Raymond Ablack as Joe
Guest Star( Recurring)Mason Temple as Hunter Chen
Katie Douglas as Abby
Chelsea Clark as Norah
Jonathan Potts as Mr. Gitten
Sabrina Grdevich as Cynthia Fuller
Alisen Down as Bev
Colton Gobbo as Jordan
Connor Laidman as Zach
Devyn Nekoda as Riley
Nathan Mitchell as Zion Miller
Kyle Bary as Teenage Zion Miller
Rebecca Ablack as Padma
Daniel Beirne as Nick
Humberly González as Sophie Sanchez
Alex Mallari Jr. as PI Gabriel Cordova
Damian Romeo as Matt Press
Chris Kenopic as Clint Baker
Aaron Ashmore as Gil Timmins
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You take a mortgage loan of Rp8xx million (xx = last two digits of your student ID) from a bank. The loan is paid back in sixty monthly instalments with interest rate j127.5% p.a. To lower the monthly instalment, you agree to pay Rp1xx million in the 60th month(bullet payment). Make the loan amortization schedule for the first five months if:
a.the first instalment is next month(ordinary annuity); and
b.the first instalment is on the transaction date(annuity due).
Answers
The monthly instalment for an annuity due is RpXXX,XXX.
a. For the first five months of an ordinary annuity mortgage loan with a bullet payment, the loan amortization schedule would be as follows:
Month 1: RpXXX,XXX (monthly instalment)
Month 2: RpXXX,XXX (monthly instalment)
Month 3: RpXXX,XXX (monthly instalment)
Month 4: RpXXX,XXX (monthly instalment)
Month 5: RpXXX,XXX (monthly instalment)
To calculate the monthly instalment, we use the formula for an ordinary annuity:
PMT = (PV * i) / (1 - (1 + i)^(-n))
Where PMT is the monthly instalment, PV is the present value of the loan (Rp8xx million), i is the interest rate per month (j127.5% p.a. / 12), and n is the number of months (60).
Plugging in the values, we get:
PMT = (Rp8xx million * j127.5% p.a. / 12) / (1 - (1 + j127.5% p.a. / 12)^(-60)) = RpXXX,XXX
b. For the first five months of an annuity due mortgage loan with a bullet payment, the loan amortization schedule would be as follows:
Month 1: RpXXX,XXX (monthly instalment)
Month 2: RpXXX,XXX (monthly instalment)
Month 3: RpXXX,XXX (monthly instalment)
Month 4: RpXXX,XXX (monthly instalment)
Month 5: RpXXX,XXX + RpXXX,XXX (monthly instalment + bullet payment)
To calculate the monthly instalment for an annuity due, we simply add one month's worth of interest to the ordinary annuity formula:
PMT = (PV * i * (1 + i)) / ((1 + i)^n - 1)
Where PMT is the monthly instalment, PV is the present value of the loan (Rp8xx million), i is the interest rate per month (j127.5% p.a. / 12), and n is the number of months (60).
Plugging in the values, we get:
PMT = (Rp8xx million * j127.5% p.a. / 12 * (1 + j127.5% p.a. / 12)) / ((1 + j127.5% p.a. / 12)^60 - 1) = RpXXX,XXX
For the fifth month, we add the monthly instalment and the bullet payment:
RpXXX,XXX + Rp1xx million = RpXXX,XXX + RpXXX,XXX = RpXXX,XXX
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All of the following can be classified as psychographics EXCEPT
A.
World views
B.
Emotional state
C.
Personality
D.
Opinions
Answers
Answer:
B. Emotional state
Explanation:
Marketers use this device to learn what people to target with advertisement. So they need to know A, C, and D.
returning again to problem 1, the leather requires incoming inspection for each car seat in order to be sure the colors match. the time required for this is five minutes per seat. what are the expected capacity requirements for the inspection department over the next six weeks? is there any way that this problem can usefully be combined with problem 1?
Answers
Based on the production of 4,800 car seats with a 5-minute inspection time per seat, is about 2 full-time inspectors and the problem can be combined with problem 1 to determine the overall capacity requirements for the production process.
To calculate the expected capacity requirements for the inspection department over the next six weeks, we need to know the total number of car seats to be produced during that time period. From problem 1, we know that 4,800 car seats are expected to be produced in six weeks. With five minutes required for inspection per seat, the total time required for inspection is 4,800 x 5 = 24,000 minutes.
If the inspection department operates for 8 hours per day, 5 days per week, the total available inspection time over six weeks is 8 x 60 x 5 x 6 = 14,400 minutes. Therefore, the expected capacity requirements for the inspection department over the next six weeks is 24,000 / 14,400 = 1.67 or about 2 full-time inspectors.
It is possible that the capacity requirements for the inspection department can be combined with the calculations from problem 1, to determine the overall capacity requirements for the production process. By considering both the time required for production and inspection, the company can determine the total capacity required to meet production targets while ensuring quality control.
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Which of the following is NOT a responsibility of the Finance department?
A.Obtaining needed funds B.Managing the use of company funds
C.Establishing external relations
D.Creating a financial plan
Answers
The statement "developing the external relations" is correct.
The following information related to the responsibility of the Finance department is:
Receiving the funds that are needed.Managing the fund of the company that is used.Developing the financial plan of the organization.Therefore we can conclude that The statement "developing the external relations" is correct.
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a certain city reports the following year-end total assets: general fund $ 18,400,000 library fund (a special revenue fund) 2,900,000 debt service fund 2,600,000 total governmental funds 26,300,000 total governmental and enterprise funds combined 51,250,000 based on this information, which funds should be reported as major funds?
Answers
The general fund ($18,400,000) and the debt service fund ($2,600,000) should be reported as major funds.
Major funds are defined as those funds that are considered significant in terms of size and scope. In the case of a city, the general fund and the debt service fund are typically considered major funds because they play a significant role in the overall financial operations of the city. The general fund is the main operating fund for the city and is used to finance the day-to-day operations, while the debt service fund is used to pay for long-term debt obligations.
Based on the information provided, the general fund and the debt service fund should be reported as major funds.
Total governmental funds: $26,300,000 (sum of the general fund, library fund, and debt service fund)
Total governmental and enterprise funds combined: $51,250,000
So, the general fund ($18,400,000) and the debt service fund ($2,600,000) should be reported as major funds.
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Libby is a trainee accountant and has prepared a balance sheet for the accounting year. She valued all the assets of the company at their current
market price. Which accounting principle did she fail to comply with?
А. historical cost
B. accruals
C. matching
D. business entity
E. realization
Answers
Historical cost
Hope this helps!
Background info: Gulfstream G150 is one of the fastest mid-size business jet aircrafts developed by Gulfstream Aerospace Corporation in partnership with Israel Aircraft Industries (IAI). Being powered by 2 rear-mounted Honeywell TFE731-40AR turbofan engines, the aircraft has an ultra-long range and can cruise at very high speeds. The aircraft has low sweptback wings and a horizontal stabilizer in a cruciform-tail configuration. It has a capacity of housing up to 9 occupants. Specifications: List of specifications: Max take-off weight: WTO=11,839 kg Cruise speed: VC=850 km/h Service ceiling: 14,000 m Range: 5462 km Fuselage length: 16.94 m Wing area: S=29.41 m2 Wing span: b=16.64 m Mean chord: c=1.8 m Use the following aerodynamic data: Maximum lift coefficient: CLmax=1.5 Minimum lift coefficient: CLmin=−1.2 Lift slope: CLα=5.5rad−1 Questions: Using the above information, construct the generalized aircraft's V-n Diagram and its associated Gust V−n Diagram at sea level and at an altitude of 12,000 m. Describe your solution steps and results clearly. Please include key sample calculations related to the derivations of the diagrams. (You may use graphical plotting software such as Microsoft Excel or MATLAB for the diagram plotting as well as to execute the required calculations. Otherwise, you can also manually plot the diagrams on graph papers. ) a) Describe the effects on the aircraft when it experiences a down gust of u=−15.25 m/s as it cruises at 0.7Vc in a steady level flight at sea level and at 12,000 m altitude? b) What is the largest vertical acceleration (upward) that the aircraft can achieve at 75 m/s for both altitudes? c) Calculate the aircraft's penetration speed for the gust speed of u=−15.25 m/s at both altitudes.
Answers
The generalized aircraft's V-n Diagram and Gust V-n Diagram can be constructed by determining the load factor (n) at various speeds (V) and comparing them to the maximum and minimum allowable values based on aerodynamic limits and gust considerations.
For the effects of a down gust at both sea level and 12,000 m altitude, the aircraft experiences a sudden change in velocity, resulting in an increase in the load factor. The specific effects depend on the aircraft's response characteristics and stability.
To calculate the largest vertical acceleration (upward) that the aircraft can achieve at 75 m/s, it is necessary to determine the load factor corresponding to this speed and then calculate the corresponding vertical acceleration using the equations of motion.
For the calculation of the aircraft's penetration speed for the given gust speed of u = -15.25 m/s, the aircraft's airspeed (Va) needs to be determined at which the gust-induced vertical acceleration is equal to the maximum allowable load factor.
These calculations involve utilizing the provided aerodynamic data, lift coefficients, and equations of motion to derive the required values and plot the diagrams accurately.
Note: Due to the complex nature of the calculations and graphical plotting involved, it is recommended to use appropriate software tools such as Microsoft Excel or MATLAB for accurate and efficient solutions.
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Are you surprised a couple with a joint income of $200,000 is priced out of the housing market well above average in the US approximately 6% of the population? Explain!
At least three sentences to be put as the brainliest. Due tomorrow!
Answers
A couple with a $200,000 joint income is priced out of the housing market It's not unexpected, especially in locations where the cost of living is high and demand for property is high.
The given question is an opinion based on the answer written in a generalized manner keeping in mind the income and housing market of the United States.
The high cost of housing can have serious consequences for people, families, and communities. since people with higher earnings may be able to buy houses, It may result in growing economic inequality.
The high cost of housing in the United States is a complex issue driven by a variety of factors, including economic trends, government regulations, and social attitudes.
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Logistics trucking company operates a fleet of fuel trucks. When one of the trucks is positioned to receive a load of biofuel, it strikes a storage tank owned by metro biofuel, inc. For the cost of repairing the damage to the tank, metro is most likely to be awarded?.
Answers
Metro is likely to be awarded compensatory damages for the cost of repairing the tank damage.
Cost of repairing
Cost of repairing are defined as costs and expenses that are reasonably necessary or desirable as a result of regular wear and tear, periodic replacement, vandalism, damage, or destruction of any element of the Facility Property, but do not include Operating Costs. Cost of repairing refer to the expense of repairing property damage.
In the eyes of the judge, the plaintiff must also be able to quantify the worth of loss. Actual damages are intended to give monies to simply repair what has been lost. General compensatory damages are more complicated since they do not include a money payment.
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hilltop is the official name of a popular ad by what company?
Answers
In the summer of 1971, the "Hilltop" commercial debuted and became an immediate hit in the US. It is now regarded official as one of Coca-most Cola's enduring commercials and was listed by ITV as one of the top 10 commercials of all time.
As part of a series of Hilltop for The Coca-Cola Company, the group was invited to record "Buy the World a Coke. Trident Studios in London's Soho served as the official location for the recording commercials (where The Beatles, Elton John and Queen have also recorded). The band had to make multiple attempts until they found the proper vibe.
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Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,
Answers
The equilibrium price is $2 per pound, the equilibrium quantity is 1,900 pounds, and the total revenue at the equilibrium is $3,800.
To find the equilibrium price and quantity, we need to identify the point where the quantity demanded equals the quantity supplied. In other words, it's where the demand and supply curves intersect.
From the given S-D table, we can determine the equilibrium price and quantity as follows:
Price per pound: $2 (where quantity demanded equals quantity supplied)
Quantity: 1,900 pounds (the corresponding quantity at the equilibrium price)
To calculate the total revenue at the equilibrium, we multiply the equilibrium price by the equilibrium quantity:
Total Revenue = Price per pound * Quantity
Total Revenue = $2 * 1,900 pounds
Total Revenue = $3,800
Therefore, at the equilibrium, the price is $2 per pound, the quantity is 1,900 pounds, and the total revenue is $3,800.
The complete question must be:
Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,300 1,600 1,900 2,200 2,500 2,800 a) Find the equilibrium price and quantity and calculate total revenue at the equilibrium.
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A fee collected by a real estate agent upon the sale of a property is
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to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48% residual value from the MSRP and divide the result by the number of agreed upon months. What is the approximate monthly payment on a three-year lease agreement?
Answers
Answer:
The approximate monthly payment is $383
Explanation:
Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.
Firstly, we start off by subtracting 48% residual value from the MSRP
48% of 26,500 = 48/100 * 26,500 = $12,720
We subtract this from $26,500
That will be $26,500 - $12,720 = $13,780
We have 3 years and that is 36 months
So the approximate monthly payment will be;
$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit
Hey y'all !! Can some body help me out!!
1.What is the role of engineer in development of nation.
2. Elucidate the importance of an animal doctor.
3.Finance sector is a very sensitive feild. Do you agree? Give reasons.
Thank you!!♡
Answers
Answer:
1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.
2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.
3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law