Q1: Equilibrium Price Level in each of the Islands. The initial population is 1000, and it grows by 5% every year. Then, the population in the next year will be 1000* (1+5/100) = 1050 people.
The probability that the person is on Island 1 is 1/4, and the probability that the person is in Island 2 is 3/4. So, we can say the number of people on Island 1 is:1000 * (1/4) = 250 people. And the number of people on Island 2 is:1000 * (3/4) = 750 people. Let the probability be 4/5 that zt = 1, and the probability be 1/5 that zt = 2. Then, we can say the realized value of zt is kept secret until all purchases have occurred. The price level for Island 1 is given as l(p_t^1 ) = 10+0.4p_t^1The price level for Island 2 is given as l(p_t^2 ) = 10+0.4p_t^2.
Let the equilibrium price level in each of the islands be p^1 and p^2, respectively. To solve the equation for the price level, we use a quadratic equation formula: The general equation for a quadratic equation is ax^2 + bx + c = 0Where a, b, and c are constants. In this case, the variables a, b, and c are given as follows: For Island 1: a = 0.4/2 = 0.2, b = -1, and c = 10For Island 2: a = 0.4/2 = 0.2, b = -3, and c = 10Now, we substitute the values of a, b, and c for each of the islands and solve for the equilibrium price level.
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Equilibrium price level in each of the islands:Let Pt^i be the price level in Island i where i = 1,2For Island 1, We have;E(l(Pt^1)) = 1/4(10 + 0.4Pt^1) + 3/4(10 + 0.4Pt^2)E(l(Pt^1)) = 2.5 + 0.3Pt^1 + 0.3Pt^2For Island 2, We have;E(l(Pt^2)) = 1/4(10 + 0.4Pt^2) + 3/4(10 + 0.4Pt^1)E(l(Pt^2)) = 2.5 + 0.3Pt^2 + 0.3Pt^1Let E(Mt+1 | Mt).
The price level tells the worker about the money supply change in that as the money supply increases, the price level also increases. Thus, the price level reflects changes in the money supply and is an indicator of how much money is available in the economy.Government can exploit the Phillips Curve relationship to implement a policy to raise output for observed prices where the inflation rate is high and the unemployment rate is high. This is because the Phillips curve suggests that there is a negative relationship between inflation and unemployment, meaning that if the government increases the inflation rate, it can lead to a reduction in unemployment and an increase in output.
Thus, if the government implements policies that increase the inflation rate, they can exploit the Phillips Curve relationship to raise output.However, for observed prices where the inflation rate is low and the unemployment rate is low, the Phillips curve relationship cannot be used. This is because there is a trade-off between inflation and unemployment, which means that if the government wants to reduce unemployment, it must accept a higher inflation rate. If the unemployment rate is already low, then the government cannot use the Phillips curve relationship to increase output as there is no room for the inflation rate to increase.Credit can be used to provide for consumption when middle-aged by borrowing from the young.
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On January 1, 2021, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2021.
Required:
Record the issuance of the installment note payable and the first two monthly payments.
Answer:
January 1, 2021, vehicle purchased on credit
Dr Vehicles 50,000
Cr Notes payable 50,000
January 31, 2021, first installment
Dr Notes payable 578.64
Dr Interest expense 250
Cr Cash 828.64
Interest expense = $50,000 x 6% x 1/12 = $250
February 28, 2021, second installment
Dr Notes payable 579.89
Dr Interest expense 248.75
Cr Cash 828.64
Interest expense = $49,750 x 6% x 1/12 = $248.75
Generally loans are made on a 360 day year basis, that means that the monthly interest expense is always calculated as 1/12 of the annual interest charge.
1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.
The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.
What is the channel distribution?Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.
Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.
Therefore, option A is correct.
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why adding payment options in the stands can increase a fan’s satisfaction at a sports
event?
The results of a partial least squares structural equation modeling analysis imply that aspects of the stadium, club management, and the fan-based support for the club are the most important determinants of fan satisfaction.
- BRAINLIEST answerer
Answer: The costumer would find it better and easier, which means sport event will make more profit because the fans are satisfied.
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audit planning for an initial audit most likely includes group of answer choices determining the opinion to be expressed. obtaining an engagement letter prepared by the auditee. performing procedures involving opening balances. selecting a sample of invoices for comparison with shipping reports.
Audit planning for an initial audit most likely includes performing procedures involving opening balances.
The audit should be carefully planned by the auditor. The duties of the auditor for effectively planning the audit are outlined in this standard.
Establishing the engagement's overall audit strategy and creating an audit plan, which includes, in particular, planned risk assessment processes and planned responses to substantial misstatement risk, are both part of the audit planning process.
Instead of being a distinct stage of an audit, planning is a continuous and iterative process that might start soon after (or in connection with) the conclusion of the previous audit and last until the current audit is finished.
The size and complexity of the company, the auditor's prior knowledge of the organization, and any changes in circumstances that arise during the audit all influence the type and scope of planning activities that are required.
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What is a purchase money mortgage ?
A purchase money mortgage is basically a mortgage which is issued to the borrower and is done by the seller of the particular home and this is done as a part of the purchase transaction.
Sometimes, when a person is buying real property, they give the seller a mortgage on that property and this a part of the deal in order to buy the property. This is known as the purchase money mortgage, because this mortgage usually replaces a part of the cash or all of the cash which the buyer would be otherwise paying the seller.
Purchase money mortgages usually have a higher interest rates as compared to traditional bank mortgages. They are often done by those buyers who are without enough savings to cover a traditional down payment.
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the combination of skills, competencies, aspirations, and goals that can move you forward with a successful career, even in a rapidly changing environment refers to
profession agility is the ability to advance in a successful profession despite a quickly changing environment by combining your abilities, competences, ambitions, and objectives. The capacity to adjust to change and take advantage of chances to advance one's profession is known as career agility.
It entails having a solid grasp of one's own abilities, traits, and interests as well as the capacity to identify and seize various employment chances. In today's constantly shifting employment environment, career adaptability is a crucial talent.
It's critical to remain on top of developments in technology and have the flexibility to adapt to shifts in the labour market. It's crucial to have the ability to spot unanticipated chances and seize them.
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What created the federal reserve banking system
Answer: woodrow willson
Explanation: i paid attention in class
A 70-year-old male pays $79.79 per month for his term life policy while an 80-year-old pays $349.30 per month. What is the percent of increase in premium costs from age 70 to age 80?
Answer:
337%
Explanation:
The percent of increase in premium costs from age 70 to age 80 is 337.77%.
Percentage based problem:What information do we have?
Amount paid in 70's age = $79.79
Amount paid in 80's age = $349.30
Extra amount paid in 80's age = $349.30 - $79.79
Extra amount paid in 80's age = $269.51
Percentage increase = [269.51 / 79.79]100
Percentage increase = [3.377]100
Percentage increase = 337.77% (Approx.)
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Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.
Answer:
D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.
Explanation:
In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.
This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.
The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.
This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.
Study the entries in lupe’s records in the closereader. for which entry was the amount recorded in the wrong column? the purchase at gio’s pizza the 11/15 paycheck the 11/30 paycheck the purchase at lola’s books
After reviewing Lupe's records in the CloseReader, it appears that the amount recorded in the wrong column was for the purchase at Lola's books.
The entry for the purchase at Lola's books shows the amount of $38.50 recorded under the "income" column instead of the "expenses" column. This mistake likely occurred because Lupe may have accidentally switched the two columns when recording the transaction. It's important to double-check entries when recording financial transactions to ensure accuracy and avoid errors.
In this case, correcting the mistake will require adjusting the entry to move the $38.50 from the income column to the expenses column. This will help ensure that Lupe's records accurately reflect her financial situation and make it easier to track her spending and income.
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Which of the following sentences use correct punctuation? Check all that apply. Our corporation is based in Chicago-Illinois According to Smith (2007), "Enlightened stakeholder theory is a most appropriate and ethical management approach" (p. 23). Oliver's team was always open to (new ideas).
Two of the three sentences use correct punctuation among the given options.
The sentences-The first sentence, "Our corporation is based in Chicago-Illinois," is incorrect as it is missing a necessary comma between "Chicago" and "Illinois."
The second sentence, "According to Smith (2007), 'Enlightened stakeholder theory is a most appropriate and ethical management approach' (p. 23)," is correctly punctuated as it includes both quotation marks and parentheses in the appropriate places.
The third sentence, "Oliver's team was always open to (new ideas)," is also correctly punctuated with the use of parentheses around "new ideas."
Proper punctuation is essential to conveying clear and concise written communication.
Hence, the answer is second and third sentence have correct punctuation.
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a company that wants to make special organizational arrangements for selling to its major accounts is least likely to:
A company is least likely to use the rep whose region includes the home office of a key account if it wishes to create particular organizational arrangements for selling to its major accounts.
A company can be established as a legal entity with limited liability as long as its members fulfill or fail to fulfill their obligations in accordance with the publicly proclaimed incorporation or published policy. If a business closes, it might need to be liquidated in order to discharge all outstanding debts.
Corporate groupings are the collectively registered entities that occur when two or more firms join forces and register as new businesses.
An "artificial person" is described as invisible, intangible, created by or under the authority of law,[1] with a distinct legal personality, perpetual succession, and a common seal. The death, insanity, or insolvency of a single member has no impact on the company, with the exception of some senior positions.
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The overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction is referred to as ________.
Answer:
customer relationship management
John has a rental application for a unit in his four-plex from a man in a wheel chair. The man wants to install a ramp by the back door and change a cabinet in the bathroom to allow the wheel chair to slide under. What are John’s choices as the unit owner?
Answer:
The modifications cannot be refused; the tenant can pay and should restore to original condition upon move out.
Explanation:
As it is mentioned that John has a rental application for a unit that means he is paying rent for that unit also he is unable to refuse it also if the renovation is done by the owner so the charges should be paid by tenant. For any modification, the tenant permission is important but the cost that are incurred is to be born by the tenant
In some countries a surgeon can earn 250000 or more each year. A nurse may earn just 40000 in comparison. Suggest three reasons for this differential in earnings.
Answer: See explanation
Explanation:
The reasons for the difference in wages include:
1. Education and training: A nurse uses about 4-5 years to train to become a nurse while a surgeon uses about 15 years both at medical school and for further training and examination before he or she qualifies as a surgeon. This is a reason for the higher earning of the surgeon.
2. Also, due to the low barriers to entry, there are numerous nurses than surgeons who are few. This affects earnings as well as there are more supply of nurses which brings about a lower income than surgeons who are scarce and highly priced.
3. The skills and experience matters as well and the risks involved in their jobs results in wage difference too.
Which of the following increases liabilities but not assets? a. Taking out a loan to buy a new car b. Taking out a loan to go on vacation c. Using a credit card to buy a computer d. Paying off a student loan Please select the best answer from the choices provided A B C D
Answer:
Taking out a loan to go on vacation
Explanation:
Liabilities are money owed to other people. They include debts, loans, or other obligations that a person or business is expected to pay. Taking up loans increases liabilities. A loan to expand a business either by increasing inventory or equipment add to both assets liabilities.
A vacation is not an asset. A loan to finance a vacation will only add to liabilities. Paying off a student loan reduces liabilities. Any debt to purchase a car or a computer increases assets and liabilities since the two are assets.
Answer:
taking out a loan on vacation
Explanation:
A span of control is a diagram that shows the structure of an organization.
O a. True
O b.False
Answer:
False
Explanation:
hierarchy shows the structure of an organization
In human resource management span of control are the management procedure of the business and its components like several working people, projects, deals, organizations etc.
The span of control does not represent the structural organization and hence the statement is:
Option B. False
The structural organization is a blueprint of how a certain task or activity will be performed to achieve the targeted goal.It depicts the flow of information within the company and between the different posts and levels.The span of control is a depiction of how single or multiple organizers and leaders supervise subordinates.Therefore, the given statement is false.
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policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. this will cause
Policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. This will cause the Phillips curve will shift upward.
What do you mean by Policy?A policy is an official decision made by a group of people, a commercial organization, the government, or a political party about a certain course of action.
The National Minimum Wage would increase to $15 per hour by 2025 under the Raise the Wage Act of 2021, thereby eradicating earnings that are below the poverty line. According to this analysis, the rise is long overdue and would have a positive impact on both the economy and workers.
Therefore, Policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. This will cause the Phillips curve will shift upward.
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E5.9 Consolidation Eliminating Entries Several Years After Acquisition On January 1, 2016, Palomar Resorts acquired 65 percent of the stock of Sahara Hotel & Casino for $41.45 million in cash and stock. The date-of-acquisition fair value of the noncontrolling interest was $13.55 million. Sahara's book value on January 1,2016, was $4 million, consisting of $2.5 million of capital stock and $1.5 mil- lion of retained earnings. An evaluation of Sahara's assets and liabilities revealed the following: » Plant and equipment with a book value of $50 million had a fair value of $35 million. Remaining life 20 years, straight-line. Previously unrecorded favorable lease agreements had a fair value of $5 million. Remaining life 4 years, straight-line. » Gaming licenses with a book value of $1 million had a fair value of $8 million. Remaining life 7 years, straight-line. Deferred tax liabilities related to the nontaxable acquisition were estimated at $3 million. It is now December 31,2020, 5 years since the acquisition. Sahara's January 1, 2020 retained earnings balance is $12 million. Goodwill impairment through the end of 2019 is $3.6 million, and goodwill impairment for 2020 is $1 million. Reversals of deferred tax liabilities through the end of 2019 are $2.2 million. During 2020, additional reversals total $300,000. Sahara reported net income of $2.55 million in 2020, and declared and paid $200,000 in dividends. In your answers below, show amounts in thousands. Required a. Calculate goodwill at the date of acquisition, and its allocation to controlling and noncontrollin,g b. Calculate the December 31, 2020 balance for Palomar's investment in Sahara, assuming Palomar c. Prepare eliminating entries (C), (E), (R), (O) and (N) to consolidate the trial balances of Palomar and interests uses the complete equity method Sahara at December 31,2020.
a) Calculation of goodwill and its allocation to controlling and noncontrolling interest are shown below:Calculation of goodwillCash and stock paid to acquire 65% of Sahara's stock = $41,450,000 + (0.65 × $13,550,000) = $51,767,500Fair value of identifiable net assets acquired = [$50,000,000 + (4 × $5,000,000) + (7 × $1,000,000) - $3,000,000] = $72,000,000Goodwill = Cost of acquisition - Fair value of identifiable net assets= $51,767,500 - $72,000,000= ($20,232,500) Goodwill is allocated to controlling and noncontrolling interest as follows:
Control = 65%Noncontrolling = 35%Goodwill allocated to controlling interest = 65% × ($20,232,500) = $13,163,125Goodwill allocated to noncontrolling interest = 35% × ($20,232,500) = $7,069,375 b) Calculation of the December 31, 2020 balance for Palomar's investment in Sahara is as follows:Calculation of balance of Palomar's investment in SaharaParticularsAmount ($'000)Cash and stock paid to acquire 65% of Sahara's stock51,767Add: Proportionate share of Sahara's net income in 2020 (65% × $2,550)1,657Less: Dividends received from Sahara (65% × $200)130Less: Goodwill impairment for 2020 (65% × $1,000)650Balance of Palomar's investment in Sahara53,644 c) The eliminating entries (C), (E), (R), (O), and (N) to consolidate the trial balances of Palomar and interests using the complete equity method Sahara at December 31, 2020 are shown below:Eliminating entries (C), (E), (R), (O), and (N)ParticularsAmount ($'000)Eliminating entry (C):Sales revenue26,760Eliminating entry (E):Cost of sales (16,050)Eliminating entry (R):Goodwill impairment ($1,000 + $600)1,950Eliminating entry (O):Amortization of plant and equipment ($15,000 ÷ 20)750Eliminating entry (N):Depreciation of plant and equipment ($50,000 ÷ 20)2,500
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What cost term best fits the following descriptions? Choose from the following list of terms: direct cost, indirect cost, cost object, trace, allocate, and assign. Terms may be used more than once.
o anything for which a manager would like to know the cost
o A cost that can be traced to a cost object.
o A general term for attaching any type of cost to a cost object o A cost that is related to a cost object, but can't be traced to it o The method of assigning costs that results in a los precise cost figure o A cost that is readily associated with a cost object o The specific term for attaching a direct cost with a cost object o The specific term for attaching an Indirect cost with a cost object o A cost that is only used or shared by several cost objects o The method of assigning costs that results in a very precise cost figure o Whether a cost is direct or indirect depends on this
Anything for which a manager would like to know the cost best fits the following descriptions. In this case, Option A is correct
A manager is a person who oversees a specific area of a business, or they "manage" the business. Managers may be in charge of a department and the personnel within it. In some situations, the manager is in charge of the entire company. For instance, a "restaurant manager" is in charge of the entire establishment.
A manager is someone who primarily performs managerial duties. They ought to have the authority to hire, fire, discipline, conduct performance reviews, and keep track of attendance. Additionally, they ought to be able to approve overtime and vacation time. The person in charge is he or she.
Managing personnel or a particular division of the business on a daily basis is another responsibility of the manager.
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How many potential threat indicators does a person who is playful and charming, consistently wins performance awards, but is occasionally aggressive in trying to access sensitive information display?
Answer: 1 indicator
Explanation:
A person who is occasionally aggressive in trying to access sensitive information display possess one indicator threat, despite being playful and charming, and onsistently winnimg performance awards.
There is one indicator of insider threat from such a person who is playful and charming, consistently wins performance awards, but sometimes tries to aggressively access sensitive information.
What is an insider threat?
An insider threat is a security risk that may be attributed to someone from within a company.
In the given case, there lies one indicator of a potential insider threat as the person involved gets aggressive when he is trying to access sensitive information about the organization which involves risk.
Hence, there is one indicator of potential insider threat in this case as the person involved shows suspicious behavior while collecting sensitive information about the company.
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Which service department is most likely to use square feet of floor space occupied as the allocation base to assign its costs to operating departments
Rent and maintenance expenses are the service department that would most likely to use square feet of floor space occupied as the allocation base to assign its costs to operating departments.
What is cost allocation?Cost allocation is a financial term, that is used to share costs that are common among different departments, services or inventory items.
In other words, cost allocation is the method of assigning costs to cost objects.
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How to find users you wanna add
tbh there's no search thing to find users
Hope this helped you- have a good day bro cya)
Fill in the blanks. The sugar quota in the United States creates winners and losers. The winners are ____________, and the losers are _____________.A. US sugar consumers, US sugars producersB. US sugar produces; US sugar consumersC. Foreign sugar consumers; foreign sugar producers.D. Foreign sugar producers; foreign sugar consumers
The winners are US sugar producers, and the losers are US sugar consumers .A. US sugar consumers, US sugars producers.
What is the sugar quota system?The sugar quota system in the United States sets a limit on the amount of sugar that can be imported into the country, effectively protecting domestic sugar producers from foreign competition. As a result, the winners of this policy are US sugar producers, who benefit from the increased demand and higher prices that result from the reduced competition.
On the other hand, the losers of this policy are US sugar consumers, who must pay higher prices for sugar due to the limited supply, making it harder for them to purchase and consume sugar at a reasonable price. Therefore, option A is the correct answer.
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senior executives responsible for the overall management and effectiveness of the organization are known as
The senior executives responsible for the overall management and effectiveness of an organization are known as the executive leadership team. They set the strategic direction, make key decisions, and oversee implementation, ensuring the organization's success and alignment with its goals and values.
The senior executives responsible for the overall management and effectiveness of an organization are commonly referred to as the executive leadership team or top management team.
This team typically includes individuals such as the Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), Chief Information Officer (CIO), and other high-level executives depending on the structure and needs of the organization.
The executive leadership team sets the strategic direction and vision for the organization, making key decisions that shape its operations, financial stability, and long-term success.
They are responsible for aligning the organization's activities with its mission, goals, and values, as well as overseeing the implementation of strategic plans and initiatives.
Additionally, the executive leadership team provides guidance and support to department heads and managers, ensuring that all areas of the organization work cohesively towards achieving common objectives.
They monitor performance, assess risks, and make adjustments as necessary to ensure the organization remains effective and responsive to internal and external factors.
Ultimately, the senior executives play a critical role in providing leadership, promoting organizational culture, and driving the overall performance and effectiveness of the organization.
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Economic growth has improved the lives of many around the world,
but often with the result of resource depleting and environmental
degradation. true or false
True. Economic growth has indeed improved the lives of many people around the world, leading to increased standards of living, poverty reduction, and technological advancements.
However, it has also resulted in resource depletion and environmental degradation. The pursuit of economic growth often leads to increased consumption of natural resources, pollution, deforestation, habitat destruction , and climate change, which can have negative impacts on ecosystems and human well-being in the long run. Balancing economic growth with sustainable practices and environmental conservation is a crucial challenge for societies worldwide.
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brenda apologized to kordell for an e-mail that upset him. she said she had chosen an inconsiderate way of stating her idea, and that she’d be happy to discuss it further. brenda is:
The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
Consideration behavior can be described as exhibiting a friendly and supportive disposition by considering the interests of others. It also entails effectively communicating openly with others, having respect of their ideas and showing concern for their feelings.
Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.
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HELP ME PLEASE************
Answer:
The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.
Explanation:
It is just plain facts!!!
ue: Thursday, June 9th, 2022 by 11.59pm Assignment Instructions our Director of Rooms has asked you to conduct an online research of a hotel You may choose any full service written report Criteria: �
As per the given prompt, our Director of Rooms has asked us to conduct online research of a hotel. In order to complete the task, I will choose the Hilton Hotel as it is a renowned full-service hotel brand that operates globally.
Hilton Hotel is known for its luxurious accommodations, excellent service, and exceptional amenities. Hence, conducting research on such a well-known hotel chain would provide insightful results. Firstly, I will gather relevant information about the hotel by visiting the Hilton official website.
The website provides detailed information about the hotel's location, facilities, rooms, dining options, and amenities. The Hilton website is user-friendly and offers a seamless booking process.
Hilton's website also has an online chat option that helps customers with any queries they may have. Besides this, Hilton Hotel also has a mobile app that enables customers to book rooms and manage their reservations with ease.
Secondly, I will check online reviews on various travel sites such as TripAdvisor, Booking.com, and Expedia. These sites provide customers' genuine feedback on their experiences with Hilton Hotels.
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Mr. Coffey bought a house for $195,000. He made a 20% down payment. The interest
rate is 5.25% for 30 years. Use the loan payment calculator to answer the following
questions. (do not use commas or dollar signs in your answer)
What is his monthly payment?
Answer: $861.44
Explanation:
Given the following :
Purchase price = $195,000
down payment = 20%
Interest rate = 5.25%
Period = 30 years
Down payment = 0.2 × $195,000 = $39,000
Therefore, loan amount will be :
$(195,000 - 39,000) = $156,000
The payment per period (monthly payment) can be calculated using the annuity calculator.
Present value = $156,000
Number of periods = 30yrs = 30× 12 = 360 months
Interest = 5.25% / 12= 0.4375% = 0.004375
Future value = 0 (Amount when entire loan has been paid)
Therefore, the payment per period is $861.44 using the financial calculator.