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2 years ago

If someone gets a 1000 dollar loan how much will their monthly payment be

Business

1 answer:

SCORPION-xisa [38]2 years ago

8 0

Answer:

the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.

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Suppose the Kalamazoo Brewing Company (KBC) currently sells its microbrews in a seven-state area: Illinoise, Indiana, Michigan,

Fed [463]

Answer:

The least squares estimates of Ohio’s demand for KBC microbrews is Quantity = 1.57Price + 14.00Income.

Explanation:

Note: See Sheet1 of the attached excel for the replication of the data given in the question and Sheet2 for the regression analysis output.

In the third table in the Sheet2, the second column is for the coefficients where, by rounding to 2 decimal places, we have:

Price = 1.57

Income = 14.00

Note: The intercept is 0 because a zero intercept was chosen in the analysi.

Based on the above, the least squares estimates of Ohio’s demand for KBC microbrews can be written as follows:

Quantity = 1.57Price + 14.00Income

To run the regression from Sheet1 in order to obtain the output in Sheet, follow his process:

Click the “Data” menu, and then the “Data Analysis” tab. From the new window, scroll down to find and click on "Regression" and then click “OK”.

In the new window, click in the box of “Input Y Range”, and then select the column containing the Quantity data as the dependent variable. Also in the new window, click in the box of “Input X Range”, and then select the column containing the both Price and Income data as the independent variables. Also, select "Labels", "Confidence level (95%)", and "Constant is Zero". Then click "OK" to obtain the output in Sheet2.

Download xlsx

6 0

3 years ago

The consumer price index measures the cost of the _____ of a family of ____ living in a typical U.S. city. consumption; two prod

beks73 [17]

The consumer price index measures the cost of the consumption of a family of living in a typical U.S.

<h3>What is the consumer price index?</h3>

This term is a measure of the average of the weighted measurement of consumption that a family uses. It measures the average of the prices that are spent in consumption.

What is measured basically using this is the cost of goods and services consumed by the family.

Read more on consumption here: brainly.com/question/24741444

4 0

3 years ago

Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 350 million cans pe

SCORPION-xisa [38]

Answer:

More; increasing supply and earning profit; entering the market; reducing the profit to zero; horizontal.

Explanation:

The claim by WebMD that the protein in tuna would lead to 2 Years increase in life expectancy would cause the demand to increase at every price. The demand curve will consequently shift to right.

As a result the firms in short run will supply more and enjoy profits.

Since the firms were facing long run equilibrium and were enjoying zero profit, an increase in price will cause profit to firms.

Since in the short run firms can not enter or exit they will continue producing.

In the long run attracted by the profit earned by existing firms, the new firms will enter the market till all the firms are having zero profits.

In the tuna industry the new firms will start production, so the industry supply will increase causing a rightward shift in the supply curve.

In the long run the shape of the supply curve of the industry will be horizontal.

3 0

3 years ago

Waltham Distribution Company has determined its December 31, 2020, inventory on a LIFO basis at $200,000. Information pertaining

Bess [88]

Answer:

$10,000

Explanation

Calculation for Waltham Distribution should records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2012, the loss that Ryan should recognize (Under US GAAP) is

Using this formula

lower-of-cost-or-market rule Loss=Inventory- Current replacement cost

Let plug in the formula

lower-of-cost-or-market rule Loss= $200,000 – $190,000

lower-of-cost-or-market rule Loss= $10,000

Therefore Waltham Distribution should records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2012, the loss that Ryan should recognize (Under US GAAP) is $10,000

8 0

3 years ago

The stage during which goals are set is

Tju [1.3M]

<span>Individuals with an internal locus of control are more likely to see their behavior as something they can adapt or change. This is a psychology term denoting that individuals take full responsibility of their actions and has the ability to will their actions because they know they could do it. Instead of asking for others’ support, the person owes up himself and changes himself for the better. Whatever he does is for himself however he does not stop himself from helping other people if needed. He does not fear failures because he knows he could get out from it.</span>

3 0

3 years ago