. a loan for p5,000 is to be paid in 7 years at the amount of p65,000. what is the effective rate of money?
Answers
The effective rate of money for this loan is 39.2%.
The effective rate of money is a measure of the true cost of borrowing or the true rate of return on investment. In other words, it takes into account the effects of compounding, which can result in a higher total amount paid or earned over time, compared to a simple interest rate.
In the given scenario, a loan of 5,000 pesos is to be paid in 7 years at a final amount of 65,000 pesos. To find the effective rate of money, we used the formula (1 + r)^n = (P/F), where r is the effective annual interest rate, n is the number of years, P is the original loan amount, and F is the final amount paid including interest.
Plugging in the values, we found that (1 + r)^7 = (65,000/5,000) = 13. Taking the seventh root of both sides, we solved for r to get the effective rate of money at 39.2%.
This means that the total amount paid back on the loan over the 7-year period was 65,000 pesos, which is 13 times the original amount borrowed. This is equivalent to an annual interest rate of 39.2%, which is significantly higher than a simple annual interest rate of, say, 5%.
Knowing the effective rate of money is important for borrowers and investors alike, as it helps them to understand the true cost or benefit of the transaction they are entering into, based on the effects of compounding. It is important to carefully consider the effective rate of money before taking out a loan, investing in a financial product, or making any other significant financial decision, to ensure that you are getting the best possible deal.
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Related Questions
Employment agencies, career fairs, and Internet ads can all be sources of
a work permits
b.
school-to-work programs
C. résumés
d. job leads
Answers
Answer:
D. Job leads
Explanation:
Employment agencies, career fairs, and Internet ads can all be sources of job leads. Hence, Option D is correct.
What are the Employment agencies?There are various kinds of agencies in the whole world that target providing the required stuff to the person or the ultimate user when it comes to the types of agencies
There are various types of agencies that are present in the whole world according to the type of material that they have available at different agencies.
If it is about employment agencies, these are the agencies that provide employees to the ultimate employers, and with the help of employment agencies, those who belong to the unemployment category will get employment according to their qualifications.
Therefore, Option D is correct.
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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)
Answers
Based on the given information, The guidelines do correspond with General Data Protection Regulation highlighting personal information.
As the context seems incomplete the answer is written in generalise manner.
When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.
The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).
The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.
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An unfavorable change in consumer tastes and preferences for a product will ______ demand, which is illustrated as a shift of the demand curve to the ______.
Answers
An unfavorable change in consumer tastes and preferences for a product will reduce demand, which is illustrated as a shift of the demand curve to the left.
What is a demand curve?
The demand curve depicts the relationship between price and quantity demanded. The demand curve is negatively sloped. When prices increase, quantity demanded declines and when prices reduces, the quantity demand increases.
What happens when there is an unfavorable change in consumer tastes and preferences for a product ?Only a change in the price of a good leads to a movement along the demand curve of that good.
Other factors such as a change in the taste of consumers lead to a change in demand. As a result of the unfavorable change, there would be a decrease in demand and this would lead to a shift to the left of the demand curve.
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what effect will a low economic growth have on the country
Answers
Answer:
it can lead to national poverty and economy crisis
A form of organization that relies on hierarchical structure, a defined chain of command, an adherence to established rules, and specialization of labor within the organization is called a
Answers
A form of organization that relies on a hierarchical structure, a defined chain of command, adherence to established rules, and specialization of labor within the organization is called a Bureaucracy.
A form of organization that exhibits a hierarchical structure, a clear chain of command, adherence to established rules and procedures, and division of labor is commonly referred to as a bureaucracy.
Bureaucracies are characterized by a well-defined organizational structure where authority and decision-making flow from top-level management down to lower levels. They rely on formalized rules, regulations, and standard operating procedures to ensure consistency and efficiency in operations.
Specialization of labor is a key feature of bureaucracies, with individuals assigned specific roles and responsibilities based on their expertise. Bureaucracies are often found in government agencies, large corporations, and other organizations that require strict organizational control and efficiency. While bureaucracies can provide stability and clear lines of authority, they can also be criticized for their rigidness and potential for bureaucratic red tape.
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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be
most helpful?
A. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Please select the best answer from the choices provided
Answers
Answer:
D: Cash flow statement
Explanation:
A financial statement known as a cash flow statement tracks and compilesto track and compile the amount of liquid assets (cash and cash equivalents) coming into and going out of a corporate entity.
The net amount of cash and cash equivalents moving into (received) and out (given) of a business is known as cash flow. The cash flow consists of three parts;
1. Operating cash flow is the total amount of money that a corporation generates from its operations.
2. Financing cash flow: all of an organization's payments and revenue from the sale of debt and equity.
3. Investing cash flow includes expenses related to capital asset purchases and cash resource investments in other firms.
Consequently, if you want to ensure that a business has adequate financial statements that would be most useful because it assesses how well the business is performing financially in terms of generating revenue to pay its debts and expenses.
True or False. The people in the stock exchange are paid a share from the investors’ profits.?
Answers
Answer:
false
Explanation:
Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money to start her own business. She is going to make cakes for special occasions such as birthdays, weddings, and religious
festivals.
1. Give an example for each of the four factors of production Fatima will use in her new business.
2. What is the ‘opportunity cost’ to Fatima of her decision to start her own business?
3. Is Fatima’s business meeting consumer ‘needs’ or consumer ‘wants’? Justify your answer.
Answers
1). The four factors that would be involved in Fatima's bakery business would be:
Land or the place where she would prepare and pack the cakes. Labor who would be involved in the production of the cakes. Capital that would be invested to incur the costs of the production. Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.
3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.
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which budget items (costs) would you include and exclude in your training budget for 10 salespeople
Answers
When creating a training budget for 10 salespeople, there are several budget items that should be included and excluded to ensure that the budget is realistic and effective. Firstly, the cost of training materials, such as books, software, and videos should be included, as well as the cost of any external training courses or workshops.
Additionally, travel expenses, such as airfare, hotel accommodations, and transportation costs should also be factored in, especially if the training is taking place in a different city or country.
On the other hand, there are also some budget items that should be excluded from the training budget. For example, any unnecessary expenses, such as luxurious meals or high-end hotels, should be avoided to keep the budget in check. Similarly, any equipment or resources that the salespeople already have access to should not be included in the budget.
Overall, it's important to strike a balance between providing effective training for the sales team while also being mindful of the budget. By including necessary costs and excluding unnecessary expenses, a training budget can be created that meets the needs of both the salespeople and the company.
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Conservatism implies that investors are too __________ in updating their beliefs in response to new evidence and that they initially __________ to news.
a. quick; overreact
b. quick; under react
c. slow; overreact
d. slow; under react
e. none of the above
Answers
Answer: d. slow; under react
Explanation:
Conservatism is simply when there is traditional beliefs in the society and opposition the individuals are opposed to rapid changes.
Conservatism implies that investors are too slow in updating their beliefs in response to new evidence and that they initially under react to news.
Think of remote management in businesses today and the different technologies that are in use. explain advantages and disadvantages of the increased use of remote management, giving examples of each.
Answers
Answer:
well being remote leads to lonely ness and the cost of not working with your co- workers directly and hands on. but the advantage of remote is you dint have to be doing as much such as dressing up or so on.
Explanation:
hope this helps
Explain why you think Americans can do yo ensure workers have decent working conditions and pay?
Answers
Answer:
Americans are expected to make sure that discrimination in the workplace is avoided.
Explain the role audit committee plays in the company
Answers
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
Hope this helps.☝
Which best describes a scholarship?
Answers
Hey!
A scholarship is an aid given to a student by an institution. A scholarship is the financial help provided by the institution to a student. These are a means of help to the students to encourage in further studies and researches. Financial aids and awards are given to the students who qualify the criteria. Some disabled individuals, disabled parents with children, or people who can't afford any other extra activities or advancements. Scholarship is an encouraging effort taken by the institution or government to help the students engage more on academic fields. Monetary awards and waving off the fees are the two ways by which scholarships are provided. Some people may recieve scholoships for dance or any sport, career wise, military, and many more. This is a very helpful tool for many people.
Hope this helps! Have a great day! :)
Answer: A financial award that does not need to be paid back.
Explanation:
fit-for-life foods reports the following income statement accounts for the year ended december 31.
Answers
Profit statements are among the more crucial Income statements you can look at for a company. proprietors of businesses, accountants, present investors, and potential investors.
One of the most common and important income statements you can come across is a profit assertion. The cumulative impact of all sales, advantage, expense, and loss activities is included in earnings statements, which are also known as earnings and loss (P&L) statements. Earnings statements also include all revenue and charges for a given time period. Because it shows sales and expenses, the earnings statement gives information about which business operations generated income and which caused the organization to incur losses. Customers may use this information to judge the health of a company, and management may use it to identify problem areas. Cornhusker Company's income statement as of December 31, 2021 (amount in dollars). Company: CORNHUSKER.
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9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physical traits
Answers
Answer:
2. VARIED FROM PERSON TO PERSON
Explanation:
the amount levied on the value of property bequeathed by a deceased person is: multiple choice sales tax. real estate property tax. social security tax. inheritance tax. excise tax.
Answers
The amount levied on the value of property bequeathed by a deceased person is inheritance tax.
Option D is correct.
In India, what is inheritance tax?In accordance with the Income Tax Act of 1961, inherited assets—movable or immovable—are exempt from taxation. However, if the new owner decides to sell the property, the tax will be assessed. In the case of movable assets like shares, gold, mutual funds, and so on, There is no tax due from the new owner.
How exactly is inheritance tax paid?The executor of a will usually takes care of paying the inheritance tax if one exists. The administrator of the estate takes care of this in the absence of a will. The inheritance tax (IHT) can be paid out of estate funds or proceeds from asset sales.
Question incomplete:the amount levied on the value of property bequeathed by a deceased person is: multiple choice
A. sales tax.
B. real estate property tax.
C. social security tax.
D. inheritance tax.
E. excise tax.
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What are equity investments
Answers
Hope this helps
Answer:
equity investment is money that is invested in a company by purchasing shares of that company in the stock market.
Explanation:
These shares are typically traded on a stock exchange.
Why do you think it will be important to stay flexible if your goals change as you get
older?
Answers
Answer:
You will feel stronger once you gain a bit of flexibility, simply because that flexibility gives you the range of motion to let your muscles work more efficiently. Maintaining flexibility will aid in muscle and joints health, which can keep older adults doing their favorite daily activities and remain independent.
neoclassical growth theory does not emphasize how __________ contribute to growth.
Answers
Neoclassical growth theory does not emphasize how technological progress and innovation contribute to growth.
According to neoclassical growth theory, economic growth is primarily driven by the accumulation of capital (physical and human) and technological advancements. Technological progress refers to improvements in knowledge, technology, and production techniques that lead to increased productivity and efficiency in the economy. how technological progress and innovation contribute to growth.
In neoclassical growth theory, technological progress is often depicted as an exogenous factor that is assumed to occur independently of other economic factors. It is viewed as a source of productivity growth, allowing firms to produce more output with the same inputs or produce the same output with fewer inputs. This, in turn, leads to increased production, higher incomes, and economic growth.
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Question 6 of 10
Which of the following speeds will produce lowest miles per gallon?
A. 75 mph
B. 45 mph
C. 85 mph
D. 55 mph
Answers
Operations Management Mind Map. For the requirements of this assignment, you are required to: - Create a mind map showing, in your opinion, the main challenges and organizational concerns that affects Operations Management nowadays. - The intention is for you to show that you understand the factors and issues connected with Operations Management.
Answers
The mind map illustrates the main challenges and organizational concerns that currently impact Operations Management. It demonstrates an understanding of the various factors and issues associated with this field, showcasing the complexity and importance of effective operations management in today's business landscape.
The mind map encompasses several key areas of concern in Operations Management. It identifies challenges such as supply chain management, quality control, cost optimization, capacity planning, technology integration, sustainability, and risk management. Each of these factors plays a crucial role in the efficient functioning of operations within an organization.
Supply chain management involves coordinating the flow of goods and services from suppliers to customers, ensuring timely delivery and minimizing disruptions. Quality control focuses on maintaining high product and service standards, reducing defects, and enhancing customer satisfaction.
Cost optimization aims to streamline processes, reduce expenses, and improve profitability. Capacity planning involves aligning production capabilities with market demand to avoid bottlenecks or underutilization.
Technology integration explores the implementation of innovative tools and systems to enhance operational efficiency, automation, and data-driven decision-making. Sustainability concerns address the need for environmentally responsible practices and resource conservation.
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Which of these would be most likely to be included in CPI
Answers
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
A person has income $1000 for goods F and S. The price of F is $4, and the price of S is $200. Which of the following bundles is in the opportunity/budget set (i.e., attainable)?
Select one:
a.
150 units of food, 3 units of shelter
b.
100 units of food, 10 units of shelter
c.
200 units of food, 2 units of shelter
d.
200 units of food, 1 unit of shelter
e.
250 units of F and 1 unit of shelter
Answers
The bundle that is attainable is option e. 250 units of F and 1 unit of shelter.
Option e is the only bundle that falls within the person's budget constraint. The person has an income of $1000, and the price of F is $4. Therefore, the person can afford a maximum of $1000/$4 = 250 units of F. Additionally, the person can afford 1 unit of shelter since its price is $200, which is within their budget.
Option a is not attainable because the person cannot afford 150 units of food and 3 units of shelter within their budget. Option b is also not attainable because the person cannot afford 100 units of food and 10 units of shelter. Option c exceeds the person's budget since they cannot afford 200 units of food and 2 units of shelter. Option d also exceeds the budget as the person cannot afford 200 units of food and 1 unit of shelter.
Therefore, the only option that falls within the person's budget constraint and is attainable is e. They can purchase 250 units of F and 1 unit of shelter.
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PLEASE HELP!!1
Describe the concept of economics of scale. How does it relate to productivity?
Answers
Answer:
the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm.
Explanation:
skills are the most important for accountants when presenting their
work to clients.
O A. Communication
O B. Multitasking
OC. Social media
OD. Math
Answers
an example of common (random) variation in a production system may be that workers are not identically trained. TRUE/FALSE
Answers
The given statement "an example of common (random) variation in a production system may be that workers are not identically trained" is TRUE because this variation can affect the output of the production system, but it is expected and can be managed through statistical process control techniques.
Common (random) variation in a production system refers to the normal, inherent fluctuations in a process that occur over time.
One example of common variation is the difference in worker training levels. Since it is difficult to achieve identical training for every worker, variations in skill levels and expertise can lead to differences in production output and quality.
These fluctuations are considered random because they cannot be traced back to a specific cause, but are instead an inherent part of the production system. Properly managing these variations is crucial for maintaining a stable and efficient production process.
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Which of the following questions is related to the value proposition in a business model canvas? *
1 point
A. How much is our product or service worth in the market?
B. How much is a customer willing to pay for the product or service we offer?
C. What is compelling about the product or service? Why would customers want to buy or use it?
D. Is there anyone in the filed who is doing the same job at a lower cost.
Answers
C. What is compelling about the product or service? Why would customers want to buy or use it?
The question which is related to the value proposition in a business model canvas is:
C. What is compelling about the product or service? Why would customers want to buy or use it?According to the given question, we are asked to state the question which is related to the value proposition in a business model canvas
As a result of this, this is important (asking the right question) as it enables the business owner to be able to assess how the flow of business would be as the business model canvas helps him to assess his potential customer base.
Therefore, the correct answer is option C
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What is the main source of capital for sole proprietorship?
Answers
Answer:
Sole proprietorships are not companies – you cannot sell shares to investors to raise capital. _ Most times, you'll be relying on your own resources, such as savings and retained profits, as well as bank loans and credit cards to raise the money you need.
Explanation:
Answer:
Sole traders and partnerships have a range of options to get finance: personal savings, retained profits, working capital, sale of assets, and bank loans. Put simply, personal savings is the the amount of money a person has at his disposal.