In March 2020, the RBNZ announced that it was dropping the Official Cash Rate (OCR) to 0.25%, a fall of 0.75 percentage points, in response to the COVID-19 pandemic. You can find the announcement here: https://www.rbn2.govt.nz/news/2020/03/ocr-reduced-to-025-percent-for-next-12 -months [Ref: Notes 7-1, 7-21 a) What happens to the level of reserves commercial banks keep with the RBNZ when the OCR is reduced? Why does this happen? (Hint: think about the drop in the OCR in terms of incentives for commercial banks] b) What happens to money supply when this occurs? Briefly explain why it increases or decreases. c) What happens to the interest rate? Briefly explain why it increases or decreases. d) What happens to the RR? e) Draw the effects you have described in parts b) and c) in a money market diagram, labelling the interest rate and money supply at both the old and new equilibria.
Answers
a) The level of reserves that commercial banks keep with the RBNZ decreases when the OCR is reduced.
This happens because the central bank wants to encourage banks to lend out more money to individuals and businesses by decreasing interest rates. When the RBNZ drops the OCR, the banks are less incentivized to hold onto their reserves with the central bank since they could instead earn more money by lending it out to borrowers.
b) The money supply increases when this occurs. This is because as banks lend out more money to borrowers, they create new money. Since the amount of reserves in the banking system has decreased, the banks have a smaller buffer against deposit outflows. As a result, they must create more loans to replace the lost deposits, which in turn creates more money.
c) The interest rate decreases when the OCR is lowered. This is because as the OCR drops, it becomes cheaper for banks to borrow money from the central bank. This in turn reduces the cost of borrowing money for individuals and businesses, which encourages more borrowing and spending. As a result, the increased demand for loans leads to lower interest rates.
d) The Required Reserve (RR) ratio remains unchanged.
e) The decrease in the interest rate and the increase in money supply both push the equilibrium price down and the equilibrium quantity up. This is shown in the figure below. The blue curve represents the demand for money, and the orange curve represents the supply of money. At the old equilibrium (point A), the interest rate was high and the money supply was low. At the new equilibrium (point B), the interest rate has decreased and the money supply has increased.
a) The level of reserves that commercial banks keep with the RBNZ decreases when the OCR is reduced. This happens because the central bank wants to encourage banks to lend out more money to individuals and businesses by decreasing interest rates.
b) The money supply increases when this occurs.
c) The interest rate decreases when the OCR is lowered.
d) The Required Reserve (RR) ratio remains unchanged.
e) The decrease in the interest rate and the increase in money supply both push the equilibrium price down and the equilibrium quantity up.
Learn more about equilibrium price: https://brainly.com/question/14480835
#SPJ11
Related Questions
When an airline, sprays the plane cabin with deodoriser this is
an example of managing
a. the product. b. the servicescape. c. the process d. aesthetic
labour. e. accidental participants.
Answers
The spraying of the plane cabin with deodorizer by an airline can be categorized as an example of managing the servicescape.
The servicescape refers to the physical environment in which a service is delivered and experienced by customers. It includes all the tangible elements such as the design, layout, and ambiance of the service setting, as well as the sensory aspects that impact the customer's perception and experience.
In this case, the act of spraying the cabin with deodorizer is a deliberate effort by the airline to manage the services cape and enhance the customer experience. By using deodorizer, the airline aims to create a pleasant and fresh-smelling environment for the passengers. This is important because the cabin environment can significantly impact the overall perception of the service quality and customer satisfaction.
While the other options provided (product, process, aesthetic labor, accidental participants) may also play a role in managing aspects of the airline service, they are not directly applicable to the act of spraying the cabin with deodorizer. The focus here is on managing the services cape and creating a positive sensory experience for the passengers.
Spraying the plane cabin with deodorizer by an airline is an example of managing the services cape. It is a deliberate action taken to create a pleasant and fresh-smelling environment for passengers, contributing to their overall satisfaction and perception of the service quality.
To know more about physical environment, visit
https://brainly.com/question/14395557
#SPJ11
Two reasons why excellent customer service is important to every business
Answers
About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.
2) Creates endorsements
Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:
About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.
Hope this helps :) if you need more I can help
as a result of a DUI/DWI there is a surcharge at the dps for minimum of 3 years.
a. true
b. false
Answers
It is true that a DUI or DWI carries a minimum 3-year surcharge at the DPS.
Do Texas fees still exist?In this post, we will talk about driver surcharges, which are extra fees that the Texas Department of Public Safety (DPS) imposed on motorists who had been found guilty of specific traffic infractions. Please take note that Texas no longer has driving surcharges.
What's the sentence for driving while intoxicated and carrying a child?The violation of this law is a Class C misdemeanor, which carries a punishment of up to $500. You may be charged as a felony and spend time in state prison for driving with a passenger under the age of 15.
To know more about DUI/DWI visit:-
https://brainly.com/question/4768099
#SPJ4
Profit maximization occurs when marginal revenue equals.
Answers
Profit maximization occurs when marginal revenue equals marginal cost. Marginal revenue refers to the additional revenue generated by selling one additional unit of a product or service. On the other hand, marginal cost refers to the additional cost incurred by producing one additional unit of the product or service.
When marginal revenue equals marginal cost, a company is producing and selling the optimal amount of goods or services to maximize its profits. At the point where the marginal cost is greater than marginal revenue, the company is no longer generating a profit on that particular unit of production, which means that they need to decrease production or increase the price to maintain profitability. Similarly, if the marginal revenue is greater than the marginal cost, the company can increase production or decrease the price to increase its profits.
Therefore, the key to profit maximization is to find the point where the marginal revenue equals marginal cost, which is also known as the profit maximization point. By producing and selling at this point, a company can ensure that they are maximizing their profits and operating efficiently.
Learn more about the optimal amount
https://brainly.com/question/32109660
#SPJ11
When Pat was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. Which part of the sales presentation is demonstrated in this example
Answers
Answer:
overcoming reservations
Explanation:
From the question we are informed about Pat who was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. The part of the sales presentation demonstrated in this case is an example of overcoming reservations.
Sales presentation can be regarded as sales pitch and it's a selling technique which can be explained as line of talk which is an attempts of persuading someone or something, using a planned sales presentation strategy of particular product/service which is been designed to initiate as well as close a sale of that particular product or service, example of this is overcoming reservations which is a method of persuading customers.
The account of ABC Corp. prepared a statement of affairs. Total assets which there are no claims or liens are expected to produce P2,100,000. Unsecured claims of all classes totaled to P3,150,000.
The following are claims deemed outstanding:
Accrued salaries. P45,000
Unrecorded note for P30,000, on which P1,800 of interest has accrued
A note for P90,000 secured by P120,000 receivable, estimated to be 60% collectible
A P45,000 note on which P900 interest has accrued with a property having book value of P30,000 and a market value of P54,000 is pledged to guarantee payment of principal and interest.
Unpaid income taxes of P105,000.
What is the amount realized by partially secured creditors?
Group of answer choices
P72,000
P83,700
P90,000
P83,160
Answers
So, the amount realized by partially secured creditors is -$6,000.
The amount realized by partially secured creditors can be calculated as follows:
Secured claims that are expected to be collected in full:
P90,000 secured by P120,000 receivable (60% collectible) = P90,000 x 60% = P54,000
P45,000 note secured by P30,000 property = P45,000
Unsecured claims that are expected to be collected in full:
Accrued salaries = P45,000
Unrecorded note for P30,000 (100% collectible) = P30,000
Unsecured claims that are partially collectible:
P105,000 unpaid income taxes = P105,000
The amount realized by partially secured creditors can be calculated as follows:
P54,000 secured claims + P45,000 unsecured claims = P99,000
P99,000 - P105,000 = -$6,000
Learn more about creditors Visit: brainly.com/question/29830704
#SPJ4
what are possible countermeasures a new potential competitor can take against the barriers erected by existing companies?
Answers
A new potential competitor can take against the barriers erected by existing companies Entry barriers are impediments that make it challenging for new businesses to enter a specific industry.
High start-up costs, economies of scale, access to distribution channels, and well-known brands of established businesses are a few examples of these obstacles.
Strong entry barriers make it difficult for new rivals to enter the market, reducing the amount of competition that existing businesses must contend with. This decrease in competitive pressure may have a positive effect on (a) suppliers' and (d) purchasers' negotiating power. Buyers may have fewer options, which reduces their bargaining power, while suppliers may have fewer clients to select from, increasing theirs.
To know more about Entry barriers visit:
https://brainly.com/question/31598750
#SPJ4
What is the key difference between a transaction account (checking) and a time deposit (savings, CD, etc.)?
Answers
Answer:
A checking account is operated using a cheque book while a time deposit is operated by the use of a pass book
Explanation:
Here, we want to examine the difference between a transaction account and a time deposit account.
While both of these are accounts types used in banks, there are some key differences between them.
For a checking account, it is operated using a cheque book to request for funds inside while bearing a very little amount of interest due to the fact that withdrawals can be effected regularly.
For a time deposit account, although it bears a small difference with normal savings account due to the fact that the interest rate is lower. However, the difference here is that a passbook is used in requesting funds from it and it bears a higher interest rate compared to a checking account
Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of
Answers
Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of Bartering.
What is a Bartering?Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.
Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of Bartering.
Hence, in this case, it is concluded that the correct answer is Bartering.
Learn more about Bartering here: https://brainly.com/question/1462751
Supply chain risk management in the COVID-19
pandemic'
1) Please write 3-4 pages in word format
Answers
Supply chain risk management during the COVID-19 pandemic involves a proactive approach to identify, assess, and mitigate risks. Strategies such as supplier diversification, effective inventory management, communication, technology adoption, and contingency planning play a crucial role in ensuring the resilience and continuity of the supply chain.
Supply chain risk management refers to the process of identifying, assessing, and mitigating risks that can impact the smooth functioning of a supply chain. In the context of the COVID-19 pandemic, there are several key considerations and strategies that organizations can employ to effectively manage supply chain risks.
1. Risk Assessment: The first step in supply chain risk management during the pandemic is to conduct a thorough risk assessment. This involves identifying and evaluating potential risks to the supply chain, such as disruptions in transportation, shortages of raw materials, or restrictions on workforce availability. By understanding the specific risks faced by the organization, it becomes easier to develop targeted mitigation strategies.
2. Supplier Diversification: One important strategy is to diversify the supplier base. Relying on a single supplier can increase the vulnerability of the supply chain, as any disruption in their operations can have a significant impact. By diversifying suppliers, organizations can reduce their dependence on a single source and have alternative options available in case of disruptions.
3. Inventory Management: Another crucial aspect of supply chain risk management is effective inventory management. During the pandemic, demand and supply patterns have been volatile, making it challenging to forecast accurately. By maintaining optimal inventory levels, organizations can buffer against uncertainties and minimize the impact of disruptions. This can involve implementing just-in-time (JIT) inventory systems, safety stock levels, or real-time demand monitoring.
4. Communication and Collaboration: Open and effective communication is vital in managing supply chain risks during the pandemic. Organizations should establish clear lines of communication with suppliers, logistics partners, and other stakeholders to stay updated on the latest developments and potential risks. Collaborating closely with partners can help in developing contingency plans and alternative strategies to mitigate risks.
5. Technology Adoption: Leveraging technology can significantly enhance supply chain resilience during the pandemic. For instance, implementing advanced analytics and forecasting tools can improve demand planning accuracy. Adopting cloud-based supply chain management systems enables real-time visibility into inventory levels and transportation status. Robotics and automation can also help reduce reliance on human labor and minimize the risk of workforce disruptions.
6. Risk Monitoring and Contingency Planning: Regular monitoring of supply chain risks is essential to stay proactive in managing potential disruptions. By tracking key indicators and early warning signs, organizations can identify emerging risks and take preventive actions. Developing contingency plans, such as identifying alternative transportation routes or backup suppliers, allows for a rapid response in case of disruptions.
Learn more about Supply chain risk management from the given link
https://brainly.com/question/29189657
#SPJ11
4. Marsha qualifies for the recovery rebate credit of $500 for Shelby. True are false
Answers
Answer:
The answer is "False".
Explanation:
In this question, the given statement is false because the maximum claim for rewards by Economic Repercussions is \(\$ 1200 \ \ and\ \ \$ 2400\) Return filed in connection with this), plus \(\$ 500\) for children under the CARES Legislation and the Economic Consequences Payment. Consequently, Marsha is liable for Shelby's \($1200\) recovery reimbursement credit.
Please help with this question
Answers
Answer:
Number 1: from
Number 2: place
Number 3: information utility
Number 4: Possession
Explanation:
It’s in the picture pleaseee I need this today
Answers
Answer:
Could you make it bigger?
Answer:
What are u asking
Explanation:
supporters of neutral locations for interviews believe that it _____.
Answers
Supporters of neutral locations for interviews believe that it provides a fair and unbiased environment for both the interviewer and the interviewee.
Neutral locations for interviews are preferred by supporters because they offer several advantages. Firstly, a neutral location ensures a level playing field for all candidates, as it eliminates any potential advantages or biases associated with conducting interviews at the company's premises or the candidate's personal environment. It helps create an atmosphere of objectivity and impartiality, where candidates can focus solely on their qualifications and abilities rather than being influenced by external factors.
Secondly, neutral locations help foster a sense of privacy and confidentiality, which is especially important for sensitive or confidential positions. It allows candidates to freely express themselves and discuss their experiences without concerns about being overheard or judged by others in their regular work or personal environment.
Learn more about privacy here:
https://brainly.com/question/14603023
#SPJ11
which of the following rises when the u.s. price level falls? a. interest rates b. the value of the dollar in the market for foreign-currency exchange c. real wealth d. all of the above are correct.
Answers
Real wealth rises when the u.s. price level falls.
Therefore, while a fall in the U.S. price level reasons U.S. interest charges to fall, the real alternate rate depreciates, and U.S. internet exports upward push, thereby increasing the number of goods and offerings demanded. 6.
What happens when an exchange in the price degree ends in trade in interest rates and interest-sensitive spending; when the price stage drops, you keep much less cash in your pocket and greater inside the bank. That drives down interest quotes and ends in greater investment spending and extra interest-sensitive consumption.
Learn more about Real wealth here: https://brainly.com/question/16888275
#SPJ4
The information given to you by your teachers is always accurate and should never be questioned. Please select the best answer from the choices provided T F
Answers
Answer:
The answer is False.
Explanation:
Trust me, I know.... I HAVE KNOWLEDGE
justfoxii on twitch!
The information given by our teachers may not always be accurate. Therefore the correct option here is f.
Why must we not always think the teacher might always be right?Teachers are human beings and we all know the idiom "To err is human" therefore sometimes teachers might be wrong but instead of criticising or making a joke out of it we must try to tell the teacher to remind them where the mistake was made and move on.
But it is not good to accept if the information given by the teacher is wrong. We must use our logic and sometimes do research before accepting a fact. If we feel that the teacher is not right, we must question with respect so that no negative kind of atmosphere is created within the classroom.
Even a good teacher, after knowing that they had made a mistake, will accept it without any argument or taking it negatively. In the same way, a good student will not make any kind of negativity from it and will ask the teacher respectfully if something said is correct or incorrect.
Any question asked respectfully can create positivity and eagerness to learn more.
Learn more about teachers, here:
https://brainly.com/question/1963463
#SPJ6
A dairy plant is producing cream from milk with a fat content of 6% by weight. The cream is to have a fat content of 50% by weight and the skimmed milk produced as a byproduct has a fat content of 1%. Milk supplied to the creamery at a rate of 100 US tons per day. What is the daily skim milk production?
Answers
The daily skim milk production is 144 US tons with a fat content of 0%. fat content in the skimmed milk and the fat content in the cream produced.
To calculate the daily skim milk production, we need to determine the fat content in the skimmed milk and the fat content in the cream produced.
Let's start with the fat content in the cream:
- The milk supplied to the creamery has a fat content of 6%.
- The cream to be produced needs to have a fat content of 50%.
- The fat content in the cream is increasing from 6% to 50%.
The amount of fat content removed from the milk to produce cream can be calculated as:
Amount of fat content in cream = Amount of milk supplied * (fat content in milk - fat content in cream)
= 100 US tons * (6% - 50%)
= 100 US tons * (-44%)
= -44 US tons
Since we cannot have a negative amount of fat content, we can conclude that the fat content in the skimmed milk is 0%.
Now, let's calculate the daily skim milk production:
Amount of skimmed milk produced = Amount of milk supplied - Amount of cream produced
= 100 US tons - (-44 US tons)
= 144 US tons
Therefore, the daily skim milk production is 144 US tons with a fat content of 0%.
Learn more about production here
https://brainly.com/question/31859289
#SPJ11
Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect
Answers
Why might employee education be an important step in preventing security
breaches?
A. Some employees are tempted to sell their employer's intellectual
property
B. Education improves employee morale.
C. Disgruntled employees are often the source of security breaches.
D. Many security breaches occur as a result of ignorance or
carelessness.
Answers
Answer:D
Explanation:
took the test
The employee education might be an important step in preventing security breaches because many security breaches occur as a result of ignorance or carelessness. Thus, option (D) is correct.
What is education?Education is the process of acquiring knowledge, skills, values, and attitudes through various forms of learning, such as instruction, training, research, and practical experience.
Education plays a crucial role in the development of individuals and societies, enabling people to acquire the knowledge and skills necessary to navigate the world around them, pursue their interests and passions, and contribute to the betterment of society.
Many security breaches occur as a result of ignorance or carelessness is the reason that employee education might be an important step in preventing security breaches. Therefore, option (D) is correct.
Learn more about education here:
https://brainly.com/question/29775571
#SPJ5
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-income) ratio. Trudy's Debt and Income Income: $36,000 (annually) Rent: $695 (monthly) Car Payment $265 (monthly) Student Loan $200 (monthly) Credit Cards $160 (monthly) a. 28% b. 35% c. 37% d. 44%.
Answers
Trudy's Debt-to-income ratio is 44%.
Debt-to-income ratio is an example of a debt ratio. It measures the ability of income to cover debt.
Debt-to-income ratio = debt / income
Total Debt = monthly debt x 12
Monthly debt = rent + car payment + student loan + credit cards
$695 + $265 + $200 + $160 = $1320
Total Debt = $1320 x 12 = $15,840
Debt-to-income ratio = $1320 / $36,000 = 0.44 = 44%
A similar question was answered here: https://brainly.com/question/23970574
Measuring how a customer views a firm under the balanced scorecard framework is important because g
Answers
Measuring how a customer views a firm under the balanced scorecard framework is important because they must be translated into the action, what the company should do to meet the expectations of its customers.
What is a balanced scorecard? what are its advantages?Balanced scorecards is that management system, that monitors, measures and changed the performance system of the organization in order to achieve the pre-determined objectives of the firm.
The main advantage of the balanced scorecard is that it helps the company in identifying and improving the internal operations of it and get the better external outcomes.
It measures the past data of the company for comparison and making the better future.
Learn more about the balanced scorecards here:-
https://brainly.com/question/25645358
#SPJ1
The Central Islip community has 9,649 homes in it. Smart Boards cost the school district $5,200 each. The HS needs 175, the Reed School needs 150 and the Mulligan school needs 50 new boards. Network Outsource the schools tech company has 12 workers for the HS, 8 for the Reed School and 4 for Mulligan. They all work 8 hours a day. They work 5 days a week, Monday thru Friday. They earn $58 per hour. It will take 45 weeks to finish the job. Find: a) Total Product Cost b) Total Labor Cost c) Total Cost d) Cost per Home e) Cost per Week
**(52 Weeks per Year)
Answers
Finding the following cost information about the Central Islip Community's requirement for Smart Boards is as follows:
a) The Total Product Cost is $390,000.
b) The Total Labor Cost is $2,505,600.
c) The Total Cost of the project is $2,895,600.
d) The Cost per Home is $300.09.
e) The Cost per Week, given a 52-week-year, is $55,684.62.
Data and Calculations:Homes in Central Islip Community = 9,649
Cost of Smart Boards per unit = $5,200
Requirements for Boards and Workers:
Boards Workers
HS 175 12
Reed School 150 8
Mulligan 50 4
Total boards = 375 24
Total cost for smart boards = $390,000 ($5,200 x 375)
Total labor cost = $2,505,600 ($58 x 8 x 5 x 45 x 24)
Total cost = $2,895,600 ($2,505,600 + $390,000)
Cost per Home = $300.09 ($2,895,600/9,649)
Cost per Week = $55,684.62($2,895,600/52)
Learn more about the total cost at https://brainly.com/question/25109150
#SPJ1
which of the following is not one of the main activities associated with operational databases? a. organize and distribute data b. update and find data c. collect, store, and view data d. provide an executive dashboard for decision makers
Answers
The answer is d. provide an executive dashboard for decision-makers. While operational databases are used for organizing, distributing, updating, finding, collecting, storing, and viewing data, they are not typically used for providing executive dashboards for decision-makers. That type of functionality is more commonly found in data warehouses or business intelligence systems.
The main activities associated with operational databases: a. organize and distribute data, b. update and find data, c. collect, store, and view data, or d. provide an executive dashboard for decision-makers.
Your answer: The option that is not one of the main activities associated with operational databases is d. provide an executive dashboard for decision-makers. Executive dashboards are typically associated with business intelligence systems and not directly with operational databases.
To know more about decision-makers, refer to:
https://brainly.com/question/16239046
#SPJ11
small business firms create many -blank- opportunities that help develop communities as well as the counties economy
it's a type your own answer thing
Answers
Answer: Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations.
(c) After carefully going over your budget, you have determined you can afford to pay GHC854 per month toward a new car. You call up your local bank and find out that the going rate is 1% per month for 48 months. How much can you borrow?
(d) Suppose, a business takes out a GHC7000, 7-year loan at 9%. If the loan agreement calls for the borrower to pay the interest on the loan balance each year and to reduce the loan balance each year by GHC 1000. How would the loan repayment be? Illustrate with the aid of a table.
Answers
(c) After carefully going over your budget, you have determined you can afford to pay GHC854 per month toward a new car. You call up your local bank and find out that the going rate is 1% per month for 48 months. How much can you borrow Given that the monthly payments that you can afford is GHC854.
Let's assume that x is the amount that you can borrow from the bank at the given interest rate, which is 1% per month for 48 months. We can set up the following equation to find x:854 = (x(0.01))/ (1 - (1 + 0.01)^(-48))854 = (0.01x) / (1 - 1.01^-48)854 = (0.01x) / (1 - 0.53592)854 = (0.01x) / (0.46408)0.46408(854) = 0.01xx = GHC197, 281.82
Therefore, you can borrow GHC197,281.82 from the bank at 1% interest rate per month for 48 months.(d) Suppose a business takes out a GHC7000, 7-year loan at 9%. If the loan agreement calls for the borrower to pay the interest on the loan balance each year and to reduce the loan balance each year by GHC 1000.
How would the loan repayment be. Illustrate with the aid of a table. The amount of the loan is GHC7000, the rate of interest is 9% per year, and the term is 7 years. So the total amount to be paid back to the lender is: Total loan = GHC7000 + 9% of GHC7000 for 7 years Total loan = GHC7000 + (0.09)(7)(GHC7000)Total loan = GHC7000 + GHC4410Total loan = GHC11410After the first year.
To know more about borrow visit:
https://brainly.com/question/32203691
#SPJ11
Place the Elements of a Sales Process in the correct order
>
>
Handling Objections
Approach
Follow-up
Presentation
Closing
Preparation
Prospecting
Answers
The correct order of sales process is-
ProspectingPreparationApproachPresentationHandling ObjectionsClosing Follow-upWhat is Sales Process?A series of reiterable steps that a salesperson follows to get a potential customer from the initial level of understanding to a closed sale is known as a sales process.
This road map which is categorized into various steps helps the salesperson to successfully convert a prospect into a customer and helps them to provide better service.
The key to successful selling is research. The strongest salesmen are aware that completing comprehensive research work shows your customer that you will provide excellent customer service.
Learn more about Sales Process, here:
https://brainly.com/question/13992401
#SPJ1
What is a 401 (k) retirement plan? I NEED HELP:(
Answers
Answer:
-an employer sponsored retirement plan that allows a worker to save for retirement while deffering income taxes on the saved money or earnings until withdrawal.
Explanation:
just cause homie
A 401(k) retirement plan is a retirement plan sponsored by the employer where he or she deducts a small percentage of the gross pay of the employee.
What is the significance of the 401(k) retirement plan?A 401(k) retirement plan can be referred to or considered as a plan where the employer contributes a fixed and a small proportion from the gross pay of the employee until the time he or she serves to the company of the employer.
An employee is free from paying any kind of taxation amount over the monies he or she has saved in a 401(k) retirement plan. However, the taxation is not a liability only until the employee makes a withdrawal.
Therefore, the significance regarding a 401(k) retirement plan has been aforementioned.
Learn more about 401(k) retirement plan here:
https://brainly.com/question/13500098
#SPJ2
This talk was given in 2013. Considering how quickly technology changes, do you think this talk is still applicable to life and technology today?
Answers
Answer:
Typically, yes. It was 2013. But a lot has happened these past years. So I'm leaning on a more side of "No" since it was 2013 like I've said before. technology changes a lot.
Explanation:
Increased demands made upon the body that cause the body to adapt or adjust is known as.
Answers
Increased demands made upon the body that cause the body to adapt or adjust is known as Overload.
The principle of overload says that the diverse systems of the frame turn into more potent and function better if multiplied needs are placed upon them. The body will adapt to those extended demands but, the amount of overload needed varies with every individual.
Revolutionary overload is when you gradually boom the load, frequency, or wide variety of repetitions on your electricity training routine. This demanding situation your frame and permits your musculoskeletal device to get more potent.
Learn more about Overload here https://brainly.com/question/2053972
#SPJ4