When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is ____ %
Answers
When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is 30%.
What is the percentage change in supply of sweaters?According to the price elasticity of supply, when the price of a product is increased, the quantity supplied also increases. Therefore, it can be said that there is a positive relationship between price and quantity supplied.
The price elasticity of supply can be calculated by dividing the percentage change in quantity supplied by the percentage change in price.
Price elasticity of supply = (Percentage change in quantity supplied) / (Percentage change in price)
Given that the percentage increase in the price of sweaters is 20% and the price elasticity of supply is 1.5, we can calculate the percentage change in quantity supplied as follows:
1.5 = (Percentage change in quantity supplied) / 20%
1.5 × 20% = Percentage change in quantity supplied
30% = Percentage change in quantity supplied
Therefore, the percentage change in the quantity supplied of sweaters is 30%.
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Related Questions
Jake Anderson Company had the following transactions involving notes payable. June 1, 2014 Borrows $70,000 from First National Bank by signing a 9-month, 12% note. Dec. 1, 2014 Borrows $90,000 from Sycamore State Bank by signing a 3-month, 10% note. Dec. 31, 2014 Prepares adjusting entries. Mar. 1, 2015 Pays principal and interest to Sycamore State Bank. Mar. 1, 2015 Pays principal and interest to First National Bank. Instructions:(a) Prepare journal entries for each of the transactions shown above.(b) What effect do the 12/31/14 entries have on assets, liabilities, and stockholders’ equity?(c) What amount of interest expense is reported in the 2014 income statement and in the 2015 income statement?
Answers
(a)$4,900, $750 and $5,650 for Dec 31, 2014 entry and $1,500, $1,400 for March 1, 2015 entry. (b)This effect increases liabilities and decreases stockholders equity by $5,650 (c) $5,650 in 2014 and $2,900 in 2015.
For Dec 31, 2014 entry:
Interest expense on First National =Borrowed x Interest rate x(June 1 to
Dec 31/12 month)
= $70,000×12% x(7 month /12 month)
= $4,900
Interest expense on Sycamore state Bank =Borrowed× Interest rate x(
Dec 1 to Dec 31/12 month)
= $90,000×10%x(1 month/12
month)
= $750
Interest expense on stockholders Dec 31, 2014 = $4,900+$750
= $5,650
For March 1, 2015 entry:
Interest expense on Sycamore state Bank =Borrowed × Interest rate x(
Jan 1, 2015 to March 1,
2015/12 month)
= $90,000×10%x(2 month/12
month)
= $1,500
Interest expense on First National Bank =Borrowed × Interest rate x(Jan 1,
2015 to March 1, 2015/12 month)
= $70,000×12%x (2 month/12
month)
= $1,400
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The rise of emails a series of bad business decisions and a controversial retirement fund have contribute to the monetary struggles of what u.s. agency
Answers
Answer:
U.S. Postal Service
Explanation:
Duh
The U.S agency whose financial struggles resulted from three major factors is the U.S. Postal Service.
The enumerated factors include:
Rise of email usage instead of slow mails via post offices Some bad business decisions that the agency took, especially in the wrong definition of its business models The agency's controversial retirement fund, which resulted from an accounting not an actuarial error.As a result of the rapidly declining revenues from customers, many of who have now resorted to the use of emails, given the trending innovations in the internet of things and other technological advances, like the 3D printer technology, the agency's losses have been on the rise, year-on-year.
Thus, there is the urgent need for the agency to reconsider its business models and be in the forefront of offering value-added postal services, instead of relying on its traditional approach.
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EPA is part of how to avoid this type of risk?
compliance
operational
strategic
financial
Answers
Answer:
A.compliance
Explanation:
WILL GIVE BRAINLIEST PLZ!!!
If producers expect the price of a good to decrease in the future, what will happen to the current equilibrium price and quantity of that good?
a. The equilibrium price and quantity will both decrease.
b. The equilibrium price and quantity will both increase.
c. The equilibrium price will increase and equilibrium quantity will decrease.
d. The equilibrium price will decrease and equilibrium quantity will increase.
Answers
Explanation:
C = the equilibrium price will increase and equilibrium quantity will decrease
Answer:
C
Explanation:
Why is the price floor above the equilibrium point and the price ceiling below the equilibrium point? Please explain as well!
Answers
Answer:
THE GIVEN STATEMENT IS WRONG.
The prices and the quantities of the products are usually set up by considering demand and supply. Sometimes, people may not agree with the price of a certain thing. Due to these reason, the government may set a maximum and minimum price limits on a product so it always remains in a certain range.
The upper limit is Price Ceiling. When a Price Ceiling is set below the equilibrium point, the demand will exceed the supply and shortages will occur.
The lower limit is Price Floor. When a price floor is set above the equilibrium point, the supply will exceed the demand, resulting in surplus quantity of a product
Which of the following is not a characteristic of a market?a. similar characteristics b. ability c. people or organizations d. willingness to buy
Answers
The correct answer is b. ability. This is not a characteristic of a market. A market is characterized by similar characteristics, people or organizations, and willingness to buy.
The ability of an individual or organization is not a factor in the functioning of a market. Therefore, option b is the correct answer.Ability is not a characteristic of a market.
A market is a group of individuals or organizations who have similar characteristics, such as needs, wants, and purchasing power, and who are willing and able to engage in the exchange of goods and services.
The other three characteristics listed - similar characteristics, people or organizations, and willingness to buy - are all essential characteristics of a market. The characteristic of similar characteristics means that members of a market have common needs or preferences that drive their behavior. The characteristic of people or organizations refers to the fact that markets are composed of individuals or groups that engage in exchange. The characteristic of willingness to buy means that members of a market are actively seeking to purchase goods or services.
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Please explain in half a page a hedge fund or private
equity fund strategy.
Answers
Hedge funds and private equity: alternative investment strategies explained.
What are hedge funds and private equity?A hedge fund or private equity fund strategy refers to the approach taken by these types of investment funds to generate attractive returns for their investors. Both hedge funds and private equity funds are alternative investment vehicles that aim to outperform traditional investment strategies by employing more complex and specialized techniques.
Hedge funds typically adopt an active investment strategy that involves taking both long and short positions in various financial markets. The primary objective of a hedge fund is to generate consistent returns regardless of market conditions, hence the term "hedging" their positions. Hedge funds often use sophisticated risk management techniques and leverage to maximize returns.
They employ a wide range of investment strategies, including but not limited to, long/short equity, global macro, event-driven, and quantitative strategies. These strategies can involve investing in equities, bonds, commodities, currencies, derivatives, and other financial instruments. The specific strategy employed by a hedge fund depends on its investment goals, risk appetite, and expertise of its managers.
On the other hand, private equity funds focus on making investments in privately held companies with the objective of generating substantial long-term capital appreciation. Private equity funds typically invest in companies that are not publicly traded and are often characterized by their potential for growth or restructuring.
The strategy involves acquiring a controlling or significant minority stake in a company, actively working to enhance its value, and eventually exiting the investment at a profit. Private equity funds often employ various strategies such as leveraged buyouts, growth capital investments, distressed investments, and venture capital investments.
The success of a private equity fund relies on the fund managers' ability to identify undervalued or high-potential companies, improve their operational and financial performance, and execute successful exit strategies.
Both hedge funds and private equity funds typically target high-net-worth individuals, institutional investors, and pension funds as their investors.
These funds often charge management fees and performance-based fees, commonly referred to as "2 and 20" (a 2% annual management fee and 20% of the profits). The strategies employed by these funds can be complex and require expertise in financial analysis, risk management, and deal structuring.
Overall, hedge funds and private equity funds employ distinct strategies to generate returns for their investors. While hedge funds focus on generating consistent returns through active trading and risk management across various financial markets, private equity funds aim to create value by investing in and actively managing privately held companies.
Both strategies require specialized knowledge and skills to navigate the complex and ever-changing investment landscape.
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Analyse the implications to Mr Flake’s business if: In May and June Mr Flake fell ill and he had to pay somebody else £1200 a month to run the business as well as himself? Answer: He received 6 more party bookings for September?
Answers
Answer:
1. Paying somebody else and himself represent cash outflow.
2. Party bookings represents forecasted cash inflow.
Explanation:
Remember, a cash flow shows where money is coming from into the accounts of a business and where money goes to from the accounts of the business. Inflows represent credit transactions into the business account, while the outflows represents debit transactions to external sources.
Thus, paying somebody else £1200 a month to run the business as well as himself (Mr Flake) both represents outflow of cash from his ice-cream business. But the 6 more party bookings for September represents cash inflows since he will be receiving a pay from the clients.
1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answers
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
the unfunded mandates reform act of 1995 attempts to prevent congress from __________.
Answers
The Unfunded Mandates Reform Act of 1995 attempts to prevent Congress from passing legislation that imposes unfunded mandates on state, local, and tribal governments or on the private sector.
What's unfunded mandate?Unfunded mandates are requirements or regulations imposed by the federal government without providing sufficient funding for compliance.
The act requires Congress to assess the costs and benefits of proposed legislation and consider alternative approaches that would minimize the burdens on affected entities.
It also established procedures for public notification and comment on proposed mandates, and requires agencies to identify and prioritize mandates with the most significant impact.
The goal of the act is to promote fiscal responsibility and accountability in the legislative process and prevent undue burdens on entities that may not have the resources to comply with federal mandates.
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Consider the following optimization problem in standard form: min x
s.t.
3x 1
−4x 2
+7x 3
x 1
+2x 2
−3x 3
=7
x 1
−x 3
=−4
x 1
,x 2
,x 3
≥0.
Write out the vector c, the vector b, the vector x vector, and the matrix A. (20 points) Convert the following linear programs into standard form. (a) min x
s.t.
x 1
+x 2
x 1
+2x 2
≥−7
x 1
−x 2
≤−2
(b) max x
s.t.
4x 1
+2x 2
−177x 3
x 1
−2x 2
≤−4
2.5x 1
−x 3
=7
x 1
+x 2
+x 3
≥−4
x 1
≤7
x 1
≥0,x 3
≤0
Answers
The feasible region satisfies x₁ ≤ 7, x₁ ≥ 0, x₃ ≤ 0, and x₃ ≥ -4 - x₁ - x₂.
The given system of inequalities defines a feasible region where x₁ (with bounds of 0 and 7) and x₃ (less than or equal to 0) are restricted. Additionally, x₃ is also constrained by -4 - x₁ - x₂. The feasible region represents the intersection of these conditions on a graph. However, without specific values for x₂, it is not possible to provide an exact shape of the region. By analyzing the inequalities individually and their respective constraints, the graph can be visualized as a region on or above the plane x₃ = -4 - x₁ - x₂, to the left of x = 7, and to the right of x = 0, while also being below or on the plane x₃ = 0.
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What are some of the advantages of incorporating?
A. All businesses are required by law to incorporate.
B. Business owners are protected from liability and lawsuits.
C. Incorporation is the least expensive business structure.
D. Incorporation makes a business more likely to succeed.
Answers
Type the correct answer in the box. Spell all words correctly.
What designation would you hold if you have the most common designation in the accounting field, which is also considered the backbone of
the accounting function?
You would hold a
designation if you have the most common designation in the accounting field.
Answers
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
Who is a Chartered/ Certified Accountant?A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
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In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answers
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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PLEASE HELP, MUST GET RIGHT NOW!
→Define Production trade-offs.
(in Economics)
*Understandable definition*
Answers
\(Question\)
→Define Production trade-offs.
(in Economics)
Answer:
In economics, a trade-off is defined as an "opportunity cost." For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day's wages as the cost for that opportunity.
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Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answers
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.
How is a 401k different from an individual retirement account (IRA)?
A 401k is a good long-term investment strategy.
A 401k allows people to contribute before taxes.
A 401k is created by an individual who deposits money.
A 401k is created by an employer who may match contributions.
Answers
define the study of economics
analyze ways that economics influences our daily lives
identify three basic economic questions: What will be produced? How will it be produced? For whom will it be produced?
Answers
The Study of economics can be defined as the study of People. Economics tries to explain what driving factor behind human behaviour, decisions and reactions when faced with difficulties or successes.
The effects of economics on our daily lives can be analyzed in the following ways
Opportunity costHow to maximize utilityThe effects of externalitiesImportance of savingEffects of Inflation.What are the Basic Economic Questions? What should we produce How should we produce it For whom should we produce itLearn more about economics at https://brainly.com/question/17996535
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Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career exploration.
Answers
Answer:
handwritten thank-you note
Explanation:
Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general
guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a
handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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If a stock you buy is $50 per share and pays $2 per year in total dividends;
what is the dividend yield of the stock?*
Answers
Answer:
4%
Explanation:
Dividend yield shows the dividends paid out annually as a percentage of the share market price.
The formula for calculating dividend yield is the annual dividend per share/market value per share.
Dividend yield = dividend/ market share price x 100
Dividend yield = 2/50 x 100
Dividend yield = 0.04 x 100
Dividend yield = 4%
investors are concerned with holding an optimal portfolio, how will the portfolio choices differ for a conservative investor?
Answers
Investors are concerned with holding an optimal portfolio, how will the portfolio a larger proportion of low-risk, fixed-income investments and a smaller smattering of high-quality stocks or funds.
A portfolio that has been perfectly balanced between risk and return is said to be optimal. The best portfolio balances investments with tolerable risk and the highest potential returns, or investments with the lowest risk for a given return.
The main benefit of diversification is lower risk while maintaining the possibility of higher potential returns. You will essentially spread your risk by increasing the amount of diversified investments you are exposed to.
The potential for a higher investment return is the reward for taking on risk. If you carefully invest in higher risk assets, like stocks or bonds, with a long time horizon in mind, you might be able to achieve your financial goal more quickly than if you stick to less risky ones.
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"Why can production only take place on or inside the curve?"
Answers
Answer:
I suppose that you are referring to a production possibilities frontier (PPF) curve. Total production output can only take place on or inside the curve because the PPF curve gives us the maximum combination of output that we can produce of two different goods using all available resources.
e.g.
Cars Boats
100 0
80 15
60 30
40 45
20 60
0 75
If you want to produce 60 cars, the maximum number of boats that can be produced is 30. You can produce less than 30 boats, and have some spare unused resources, but you cannot produce 40 boats.
A title search in the public records may be conducted by
Anyone
Which statement BEST explains why instruments affecting real estate are recorded?
Recording gives constructive notice to the world of the rights and interests claimed in the identified parcel of real estate
A purchaser went to the county building to check the recorder's records, which showed that the seller was the grantee in the last recorded deed and that no mortgage was on record against the property. The purchaser may assume which of the following?
The seller did not mortgage the property
The date and time a document was recorded help establish which of the following?
Priority
A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller sided and the heirs in another city, unaware that the property had been sold, conveyed title to a relative, who recorded the deed. Who owns the property?
The buyer
A property with encumbrances that will outlast the closing
Can be sold if a buyer agrees to take it subject to the encumbrances
Which of the following would NOT be acceptable of ownership?
Deed to the current owner signed by the last seller
Chain of title MOST accurately defined as
A history of all documents and legal proceedings affecting a specific parcel of land.
A seller delivered title to a buyer at closing. A title search had disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact or to expose the buyer to possible litigation. The sellers title did not appear to present a threat to the buyers quiet enjoyment, and the title insurance policy provided was sufficient to convince a reasonably well-informed person that the property could be resold. The title conveyed would commonly be referred to as a(n)
Marketable title
The person who prepares an abstract of title for a parcel of real estate
Searches the public records and then summarizes the events and proceedings that affect title
Homeowners are frantic because they want to sell their property and the deed is missing. Which of the following is TRUE?
They do not need the original deed if it has been recorded.
Mortgagee title policies protect which parties against loss?
Lenders
Which of the following are traditionally covered by a standard title insurance policy?
Improperly delivered deeds
A written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a(n)
Abstract
Which of the following is NOT covered by a standard title insurance policy?
Unrecorded rights of parties in possession
Documents referred to as title evidence include
Policies of title insurance
All of the following are true regarding public records EXCEPT
They guarantee marketable title
A sells a portion of property to B. B promptly records the deed in the appropriate county office. If A tries to sell the same portion of property to C, which of the following statements is TRUE?
C has been given constructive notice of the prior sale because B promptly recorded the deed.
The BEST reason for a buyer to obtain title insurance is
To ensure that the seller can deliver marketable title
A mortgagee received a title insurance policy in the property a buyer is pledging as security for the mortgage loan. Which of the following is TRUE?
The amount of coverage is commensurate with the loan amount.
Answers
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice.
What does constructive notice mean in real estate?A legal presumption that a party has notice when it is possible for it to learn certain facts through due diligence or research into the public records. Given the obligation to do proper research, a party who is deemed to have constructive notice cannot claim ignorance of a fact simply because that party lacked actual knowledge.
Constructive notice is the legal supposition that information was acquired by a person after exercising due effort. An individual's right or interest in the property is announced to the public via a document that is entered into the public record.
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice. Inclement weather is one of the simplest cases in which constructive notice might be employed.
Therefore, the statement is true.
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Your savings account pays 1. 75% interest per year. You make a $500 deposit. How much interest does the account earn in the first month. A) $. 14 b) $. 17 c) $. 50 d) $. 73.
Answers
Possibility b is correct. The interest the account earns in the first month is $17.
The annual interest rate is the annual interest rate, assuming interest is compounded each year. For example, a $10,000 loan with an annual interest rate of 5% will cost you $500.
Annual interest rate is applicable only to the principal loan amount. With practice, it becomes more convenient to compare different interest rates from different sources when looking for a loan.
First, multiply the principal P, the interest rate R, and the holding period T by the number of years. For annual interest, divide the P*R*T result by 100. To get monthly interest, divide simple interest by 12 for 1 year, divide by 24 months for 2 years, and so on.
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The account earns $17 in interest in the first month.
Hence, Option B is correct.
How does it occur?
Assuming interest is compounded annually, the annual interest rate is the annual interest rate. For instance, if the annual interest rate on a $10,000 loan is 5%, the cost to you will be $500.Only the loan's principle is subject to the annual interest rate. When looking for a loan, it gets easier with time to compare various interest rates from various providers.First, increase the number of years by the principal P, interest rate R, and holding term T. Divide the P*R*T result by 100 to get the yearly interest rate. Divide simple interest by 12 for a year, by 24 for two years, and so on to obtain monthly interest.Know more about interest here:
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a customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.T/F
Answers
A customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale. Thus, the given statement is true.
The purpose of this credit is to ensure that the customer is not overcharged for the sales tax on the returned goods or allowance. The sales tax should be refunded or credited back to the customer along with the refund or allowance amount. This is a common practice to ensure fairness and accuracy in the calculation of sales tax for returned or adjusted transactions.
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A customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.
Explanation:True. When a customer returns goods or receives an allowance, they are entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.
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on a $350,000, 30-year mortgage at 8 percent, the monthly payment is $2,568.18. on the first payment, how much is applied to reduce the principal
Answers
The correct option of this question is: 2. $234.85.
$234.85 is applied to reduce the principal.
- Formula: (Mortgage X Rate)/ 12 months
- Monthly PI payment (-) monthly interest on payment
-monthly interest payment: $350,000 x .08/12 = $2333.33 $2568.18 -$2333.33 = $234.85.
A mortgage rate, or mortgage interest rate or interest rate, is essential for what it expenses to get cash from a loan specialist. Rather than paying your mortgage bank a single amount, the interest is paid as a feature of your regularly scheduled installment for your home credit.
Your mortgage rate is one part of the figure that makes up your yearly rate (APR). Consequently, your APR is ordinarily higher than your mortgage rate.
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The complete question is:
On a $350,000 30-year mortgage at 8 percent, the monthly PI payment is $2,568.18. On the first payment, how much is applied to reduce the principal?
1. $123.85
2. $234.85
3. $23.49
4. $423.00
PLEASE HELP
1. What is the name of the company? (1.0 points)
2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)
3. What products or services is the company best known for? (2-3 sentences. 2.0 points)
3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)
4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)
5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)
6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)
7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)
8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)
Answers
Based on the information given, the company that's chosen is Tesla and it's a product-based company.
What is Tesla?The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.
The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy
Lastly, the main challenge faced by the company is rising material costs.
Learn more about Tesla on:
https://brainly.com/question/6528766
Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs
Maximizing profits
Minimizing profits
Minimizing benefits
Answers
What affects employers’ decisions on how much to pay their workers is : Maximizing profits.
What is profit maximization?Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.
Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.
Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.
Therefore what affects employers’ decisions on how much to pay their workers is : Maximizing profits.
Learn more about Profit maximization here:https://brainly.com/question/15969466
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