With compound interest of 12% and the principle of $10,000, The student still owes after the first payment is $12735.19
The first step is to determine the future value of the loan:
FV = P (1 + r)^n ⇒ FV = Future Value , P = Present value, R = interest rate, N = number of years
FV = 10,000 ( 1 + 0.12 )⁴
FV = 15,735.19
Future value of the loan - the amount paid = the amount the student still owes. = $ 15,735.19 - $ 3,000 = $ 12735.19 Future value (FV) is the value of an asset now based on an anticipated rate of increase in the future. Investors and financial planners use the future value to project how much an investment made now will be worth in the future.
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Fixed costs that continue to exist even after a product line is discontinued are called O A. relevant fixed costs. O B. variable fixed costs. O C. unavoidable fixed costs. O D. avoidable fixed costs.
Fixed costs that continue to exist even after a product line is discontinued are called Option C: Unavoidable fixed costs.
Fixed Cost:
Fixed costs are defined as costs that do not change as the quantity of goods produced by a firm increases or decreases. Fixed costs are costs that a company must bear regardless of production volume. Fixed costs are inherently less controllable than variable costs because they do not depend on production factors such as quantity.
Avoidable Fixed Costs
Avoidable fixed costs are costs you aren't needed to dodge. In other words, you'll stay in business if you don’t dodge the cost. However, 000 on flashing the pencils, this is a fixed cost, If the pencil maker spends$ 5. still, it's avoidable because the pencil maker can stop buying advertising and still stay in business (although deals volume may suffer).
Unavoidable Fixed Costs
Unnecessary fixed costs are costs you have to dodge if you want to stay in business. For illustration, the executive costs of running a processing installation are an necessary fixed cost. Interest on term debt on the installation is also an necessary fixed cost.
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How do governments address economic externalities, such as damage to a nation's infrastructure used by its citizens
By taxing products and services that result in spillover costs, the government may deter negative externalities.
What are the policies to address externalities?Negative externalities frequently lead to market failure. In certain circumstances, the government has three options: through regulation, Pigovian taxes, or tradeable pollution permits. By enacting new rules that directly control undesirable conduct, regulation enables the government to lower externalities.
One method of mitigating externalities is through taxes. To help minimize the negative effects of some externalities, such as pollution, governments might charge a tax on the things that cause them. The government can assist in promoting commodities and services that have positive externalities by providing subsidies to such products or services.
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As an industry partner in mortgage lending transactions, investors in the secondary mortgage market have an obligation to:
Ensure that the underlying transactions are stable and secure by conducting an adequate review of the loans they acquire.
In the mortgage lending process, what role does the secondary market play?Originators get paid back for the mortgages they make by selling their loans on the secondary market. As a result, more borrowers can receive home loans because this procedure frees up capital for new mortgage lending. The mortgage market has become more accessible to a wider range of investors as a result of securitization.
In the secondary mortgage market, who invests?Mortgages are heavily invested in by hedge funds, pension funds, insurance companies, banks, GSEs, and foreign governments. Investors can choose from a wide range of potential yields for MBSs, CMOs, ABSs, and CDOs based on varying credit quality and interest rate risks.
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In Adam Smith's view, which of the following is not the role of government in business? a. Providing defense against foreign governments b. Regulating business activity c. Ensuring internal order d. Providing education
In Adam Smith's view Regulating business activity of the following is not the role of government in business.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The term regulating business activity refers to that government. Regulates businesses by taxing them. The tax rate is the percentage that a company must pay to the state as well as the local government. based on their entity.
Therefore, Thus option(B) is correct. By regulating business activity. The government regulates businesses by taxing them.
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What involves using resources to make goods and services to satisfy the needs and wants of consumers?
Economics involves using resources in order to make goods and services to satisfy the needs and wants of the consumers.
Economics is considered to be the study of using resources in order to produce the goods and services which is as effectively and efficiently as possible to satisfy the needs and the wants of the consumers. It has been seen that the goods satisfy human wants.
However, this want-satisfying quality in a good is thus called utility. Thus, utility means the power to satisfy a human want. So, the customers tend to expect and they want a unique and personalised experience when purchasing.
Hence, a consumer is one who is the decision-maker that whether or not to buy an item.
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the direct exchange rate is $.020 / ¥1. then the indirect exchange rate is
the direct exchange rate is $.020 / ¥1. then the indirect exchange rate is ¥50/$1 (¥1/$.020=50) . An exchange rate is the rate at which one currency is exchanged for another in finance.
Currencies are most typically national currencies, although they can also be sub-national, as in Hong Kong, or supra-national, as in the euro. The value of one country's currency in respect to another currency is sometimes referred to as the exchange rate. An interbank exchange rate of 114 Japanese yen to the US dollar, for example, indicates that 114 will be exchanged for US$1 or that US$1 will be exchanged for 114. In this situation, the price of a dollar in respect to the yen is 114, or the price of a yen in relation to dollars is $1/114.
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Many companies find that a trend called empowerment, which gives employees more responsibility and accountability, improves employee motivation and increases customer satisfaction (T/F)
Yes, this statement is true. Empowerment is a trend in which employees are given more responsibility and accountability for their work. This can have several positive effects on the organization. For one thing, it can increase employee motivation.
When employees are given more responsibility, they often feel more valued and are more likely to work hard. Additionally, customers often benefit from better customer service because employees with higher authority are better able to provide personalized service. Empowered employees are often more creative in finding solutions to customer problems, which can also help improve customer satisfaction. All of these effects can lead to a more successful and productive organization.
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Which of the following management orientations holds that each country in a global marketplace is unique?
...Ethnocentric orientation
...Polycentric orientation
...Regiocentric orientation
...Geocentric orientation
Answer:
Polycentric orientation.
Explanation:
The polycentric orientation, referring to the management of the global marketplace, is a market vision (and in a great sense also political) that establishes that there is no single central point in a globalized market, but that each country has a strategic importance in the different sectors market that most concern you. Thus, the idea of market leaders is rejected, but rather the idea of a fragmented market in different sectors, with varied leaders, is defended.
A company needs to merge third-party data with its own data. Which of the following actions will help make this process successful
The following actions will help make this process successful:
1. Establish a data governance policy to ensure data accuracy and consistency.
2. Develop a data integration strategy to ensure data is properly merged.
3. Create a data quality assurance process to ensure data is accurate and up-to-date.
4. Implement a data security policy to protect data from unauthorized access.
5. Establish a data sharing agreement with third-party vendors.
6. Develop a data visualization strategy to help identify trends and patterns.
Integration strategy is a plan of action used to bring together and combine different processes, products, services, and systems into one cohesive unit. It is the process of connecting different components and systems to create a unified whole. Integration strategies are used to help organizations achieve their goals, such as increased efficiency and improved customer experience. They can involve the use of technology, such as cloud computing, artificial intelligence, and automation, to create integrated systems. Integration strategies can also involve changes to organizational structure and processes, such as policy and procedure changes, communication improvements, and process streamlining. Ultimately, integration strategies seek to ensure that all aspects of a business are coordinated, working together to achieve the company’s core objectives.
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Pleasant Resort, a successful 100-year-old hotel and resort, entered into a co-marketing arrangement with A-Plus Hotels, a five-star hotel chain. Both companies benefit from the new relationship. Pleasant is now able to market its facility and services through A-Plus's marketing team, and A-Plus Hotels now offers access to an upscale resort that it can recommend to its customers who are looking for a resort experience. A-Plus Hotels and Pleasant Resort can be considered strategic allies. (True/False)
Answer:
true
Explanation:
What principle did the Supreme Court use to overturn Fulton's monopoly on a New York steamboat operation
States are not permitted to impede Congress' ability to regulate commerce through legislative action.
What Does Business Monopoly Mean?A monopoly is a scenario when there is only one seller operating in the market. The monopolistic condition is viewed as the utter antithesis of perfect competition in conventional economic theory. The monopolist will encounter the downward-sloping demand curve of the sector.
When one corporation and its product dominate an entire industry, there is little to no competition, and consumers are forced to buy the specific products or service from the one company it is called as Monopoly of that company over the Market.
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What are the 3 personal finance strategies?
The secret to getting your finances in order is to use abilities you most likely already possess. Prioritizing your finances, weighing the costs and advantages, and controlling your spending are three crucial strategies.
Prioritizing your finances enables you to assess your financial situation, identify the sources of your income, and keep your attention on those activities.
Assessing Costs and Benefits: This crucial ability prevents professionals from overextending themselves. Ambitious people are always thinking of new methods to succeed, whether it be through a side business or a potential investment.
The final critical competency of effective business management that must be applied to personal finances is restraint of spending.
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What are your top 3 assets?
The top 3 assets are your time, thought, and network are your three most valuable resources. Your daily goals should be to safeguard your time, expand your thinking, and cultivate your network.
Top-performing salespeople are aware of what this entails and resist the temptation to waste time on pursuits that don't result in sales.
Passion. Being enthusiastic and committed to your job will always be valued qualities in the workplace. Genuine enthusiasm for your work may promote both personal development and career progress. Although it's advantageous to you, it may also increase the success of the business you work for.
Working with others is crucial for cooperation, especially when it comes to being able to appreciate others' differing viewpoints.
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What are the latest trends in employee development?
The latest trends in employee development are personalized learning, microlearning, gamification, digital learning, social learning.
What is employee development?
Employee development is an investment made by employers to improve the knowledge, skills, and abilities of their employees. It is a process of providing employees with experiences and training that can help them to develop their current and future performance. It can involve activities such as on-the-job training, formal courses, mentoring, and job rotation. Employee development is important as it helps employees to stay motivated, become more productive, and gain the skills and knowledge they need to reach their career goals. Employers benefit from employee development because it helps to reduce turnover, attract top talent, and increase employee engagement.
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What do you think are the advantages of service business to the community
Answer:
Furthermore, service-based businesses are at an advantage because they can grow into other service offerings. Another critical advantage of service businesses is that they are less susceptible to economic downturns, which can be very common for retail and manufacturing companies.Service industries are an important part of society for a variety of reasons, including: Delivering essential services to the public: Often, service industries provide essential services to the public, such as healthcare, transportation and education.
How can I raise my credit score 20 points fast?
This is how raise your credit score 20 points fast is given below:
1. Pay down your credit card balances.
2. Dispute any errors on your credit report.
3. Make all of your payments on time.
4. Limit your credit applications.
5. Increase your credit limit.
6. Become an authorized user on someone else
A credit score is a three-digit number that represents a person’s creditworthiness. It is calculated by credit bureaus based on an individual's credit history, which includes information about their debts and repayment history. A good credit score is generally considered to be above 700, while a score below 620 indicates a bad credit score. A credit score can have a significant impact on an individual's ability to access loans and other forms of credit. It is also used by lenders to assess the risk of lending money to a particular borrower. A good credit score can therefore help an individual secure loans with more favourable interest rates and repayment terms.
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What is the monthly payment for a $24,000, four-year, 12 percent loan with the interest calculated using the add-on method
The monthly payment for a $24,000, four-year, 12 percent loan with the interest calculated using the add-on method is $742.78.
The add-on method of calculating interest means that interest is calculated on the total loan balance, which includes the principal and any interest that has accrued up to that point. The monthly payment does not change over the life of the loan, so the same payment of $742.78 is due each month for the entire four years.
The total amount paid over the life of the loan is $29,913.60. This includes the principal of $24,000 and $5,913.60 in interest.
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An expenditure for which of the following items would be considered a revenue expenditure? a. Plant asset. b. Ordinary repair. c. Addition. d. Improvements.
Ordinary repair is considered as a revenue expenditure.
Hence, Option B is correct
Short-term expenses are those consumed in the current time or often within a year. Revenue expenditures are essentially the same as operating expenses in that they cover the charges necessary to cover continuing firm operating expenses (OPEX). The term "revenue expenditure" refers to costs that a firm incurs during routine business operations and from which it will profit in the same period. Examples include rent, utilities, salaries, commissions, insurance, and manufacturing costs. The cost incurred everyday to operate your business is known as a revenue expenditure. It covers the expenses incurred for current repairs, maintenance, and other activities necessary to ensure the optimal performance of a fixed asset.To know more about revenue here
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What are two goals of the free enterprise system?
In order to improve freedom, market effectiveness, consumer rights, financial security and stability, and economic opportunity
What is Free enterprise system?An economy where the market, as opposed to the government, sets pricing for goods and services is known as free enterprise or the free market. Alternatively, the term "free enterprise" could refer to a philosophical or legal framework in which the majority of controls over commercial activity come from the private sector.Examples of free entrepreneurship include a private restaurant chain operated without the involvement of the government or a person launching an online business. Market competition, private property, specialisation, voluntary exchange, a price system, and entrepreneurship are some of its traits.A free enterprise system is characterised by private property, economic freedom, financial incentives, competitive marketplaces, and a limited role for the government.To learn more about Free Enterprise System refers to:
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A $2.00 tax levied on the sellers of birdhouses will shift the supply curve a. downward by less than $2.00.
b. downward by exactly $2.00. c. upward by exactly $2.00. d. upward by less than $2.00.
The supply curve will rise upward by exactly $2 if sellers of birdhouses are subjected to a tax of $2.00.
A Supply Curve: What Is It?The correlation between the cost of a good or service and the quantity supplied over a given time period is depicted graphically in the supply curve. A typical illustration will show the price on the left vertical axis and the supplied quantity on the right horizontal axis.
How a Supply Curve Works ?The law of supply is expressed by a supply curve that moves upward from left to right: All other things being equal, the quantity supplied rises when a commodity's price rises.
Pay attention to the fact that this formulation suggests that quantity is the dependent variable and price is the independent variable. The independent variable typically appears on the horizontal or x-axis in most fields, with economics being an exception.
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The table shows the amounts held as the various components of M1 and M2 Calculate the value of M1 and M2 The value of M1 is $ ___billion. The value of M2 is $ ____ billion.
The table shows the amounts held as the various components of M1 and M2 Calculate the value of M1 and M2 The value of M1 is $ 270 billion. The value of M2 is $ 1205 billion.
The Federal Reserve System is in charge of keeping track of M1 and M2 levels and putting together a weekly release of data on the money supply. In order to give you an idea of how these quantities sound, here is the US money stock as measured by the Federal Reserve Bank. M1 and M2 are the two definitions of the money supply that economists typically employ. Cash, demand deposits that may be checked, and traveler's checks are among the liquid assets included in M1.
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Amelia just received a $9000 bonus. She has been advised to invest hei bonus in two accounts, one yielding 3% per annum and the other 8% per annum. If Amelia wants to earn $580 in interest, how much should she put in each account
If Amelia wishes to earn $580 in interest, she should put $2800 and $6200 into the two accounts.
What exactly does the term "interest" mean?The payment of an amount above repayment of the original sum by a borrower or deposit-taking financial institution to a lender or depositor at a specified rate by a borrower or deposit-taking financial institution is known as interest. It is distinct from a fee paid by the borrower to the lender or a third party.
Assume Amelia has placed $x and $y in the two accounts, respectively.
So, x + y = 9000 ...... (1)
Again, the total interest for investing $x at 3% annual interest and $y at 8% annual interest is $580.
Hence, [tex]\frac{3x}{100}[/tex] + [tex]\frac{8y}{100}[/tex] = 580
⇒ 3x + 8y = 58000 ..... (2)
When we solve equations (1) and (2), we obtain
5y = 58000 - ( 9000 × 3 )
⇒ 5y = 31000
⇒ y = 6200
Hence, from equation (1) , x = 9000 - 6200 = 2800
As a result, Amelia will put $2800 and $6200 into each account.
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The percentage of value of shipments that come from materials for the average manufacturer is: (Points : 1) a. greater than or equal to 40 and less than or equal to 49 percent. b. greater than or equal to 50 and less than or equal to 59 percent. c. greater than or equal to 60 and less than or equal to 69 percent. d. greater than or equal to 70 percent. 10.
The percentage of the value of shipments that come from materials for the average manufacturer is: (B) greater than or equal to 50 and less than or equal to 59 percent.
Direct procurement is the acquisition of any material needed to create an end product. This covers components and raw materials for a manufacturer.
Recycling is the procedure of gathering and processing material (that would otherwise be tossed away as trash) and reprocessing them into new products in the United States.
The term "procurement" refers to the activity of making purchases of goods or services, usually for commercial purposes. Research, solicitation, and payment systems are necessary for business procurement, and these steps typically include multiple departments inside an organization.
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One advantage of a sole proprietorship is:
a-owner keeps all the profits.
b-unlimited liability.
c-a difficult creation process.
d-limited sources of funds.
Answer:
option a
Explanation:
owner keeps all the profits
Under U.S. GAAP, liabilities payable within one year can be excluded from current liabilities only if:
In accordance with U.S. GAAP, commitments that are due within a year can only be excluded from current liabilities if the business has the capacity to refinance them over the long term and has the intention to do so. The right answer is C.
Current liabilities must always be used to describe obligations that mature within a year. They must be transformed into long-term liabilities if a corporation intends to recognise them as obligations that last longer than a year. They would need to refinance the payable on a long-term basis in order to accomplish so. If they are able to refinance as well as intend to, they will be able to convert their payables to long term. This implies that they won't be able to convert this to a long-term payment if they are unable to secure the necessary cash.
Under U.S. GAAP, liabilities payable within one year can be excluded from current liabilities only if: A) The business intends to refinance the obligations on a long-term basis. B) The business has the demonstrated ability to refinance the obligations on a long-term basis. C) Both a and b. D) Liabilities payable within one year always must be classified as current liabilities.
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What is meant by workforce trends?
Workforce trends refer to the changes in the composition, size, and skills of the workforce over time.
What is Workforce?Workforce is a term used to describe a company's personnel or employees. It is the collective group of people who are employed by an organization to carry out its business operations. The workforce includes all types of employees, including full-time, part-time, temporary, and seasonal workers. A company's workforce contributes to its success by providing the necessary skills and labor to produce goods and services. The size and composition of a company's workforce can vary depending on its specific needs and goals.
These trends can be driven by a variety of factors, including technological advances, economic conditions, and demographic shifts. They can also be influenced by government policies, such as those related to immigration, labor laws, and education.
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A worker should ______ any time the worker notices a minor quality problem that is not critical to product function or performance
A worker should notify the supervisor to determine the correct action to take any time the worker notices a minor quality problem that is not critical to product function or performance.
A manager is accountable for handling the workflow and schooling new hires on how they could high-quality serve clients and teams of personnel. additionally, they create schedules that hold absolutely everyone busy with cut-off dates met to save you gaps or downtime while giving direction and remarks approximately what desires improvement.
A supervisor or lead, (also known as foreman, boss, overseer, facilitator, reveal, place coordinator, line supervisor, or now and again gaffer) is the job name of a lower-level management function that is primarily based on authority over workers or a place of work.
Extra officially addressed as a manager, team leader, or a supervisor is a person who oversees employees of a business enterprise or corporation. Their job is to make crucial choices and to ensure obligations are finished and the enterprise is assembling its goals.
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Who controls goods and services in a communist economy?
The goods and services in a communist economy are controlled by the government. The government tends to make the decisions.
In a communist economy, the government tends to dictate the economic structure; thus, the economic instability here is out of the question. Thus, here every citizen is required in order to work to receive benefits, and those who don't have the said corresponding sanctions.
However, this tends to create an incentive to participate and to encourage economic growth. For almost a large part of the 20th century, about one-third of the world lived in communist countries. Where countries were ruled by dictatorial leaders.
Hence, under communism, none of the means of production are owned by the individuals.
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How did Adam Smith economic ideas help the United States establish a free enterprise system?
Check the boxes that apply to you. For consumers and producers, they resulted in freedom of choice. For consumers, they sparked free competition.
What was Adam Smith's impact on the economy?Smith was the first to recognise that economics should also focus on how wealth is distributed, in addition to how it is produced. His theories were largely responsible for England's success in overturning the Corn Laws and rising to the top economic position in Europe during the Industrial Revolution. Adam Smith was one of the first thinkers of his era to assert that money is produced via labour that is productive and that people are motivated by their own interests to use resources as efficiently as possible. Profits, in his view, resulted from capital investments, and capital is allocated where the greatest potential for profit exists. Smith criticised the role of government in the economy and offered a plan for free trade and markets. Later on, these two tenets would come to represent contemporary capitalism.To learn more about Adam Smith refer to :
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A loss contingency should be accrued when the amount of loss is known and the occurrence of the loss is:
If a loss is both (1) probable and (2) fairly estimable, a loss contingency should be set aside. The definition of "probable" according to ASC 450-20-20 is "the future occurrence or events are likely to occur," which is typically seen as a 75% criterion.
A loss contingency should be mentioned when?GASB 62 defines contingencies and offers more information in paragraphs 96–113. When it is likely that a loss will eventually be incurred and the loss is either not probable or not amenable to reasonable calculation, disclose a loss contingency resulting from the claim.
What does an accounting loss contingency mean?A loss contingency is a charge to expense for something that is thought to be likely to happen in the future, such a lawsuit's unfavourable outcome. A loss scenario provides.
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