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2 years ago

The frequent changes to which the organization must adapt demands

1 answer:

7 0

The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.

<h3>What is cross-training?</h3>

A program or a method in which an employee(s) who is a part of the organization is given the training of more than one skill on a frequent basis, such a method is known as cross-training.

Hence, the significance of cross-training is aforementioned.

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Roderigo has just finished paying back his $8,575 unsubsidized Stafford loan, which he took out to fund his four-year degree. Th

Rudik [331]

Interest capitalization refers to the addition of interest earned to the principal amount, Roderigo will pay $7353.80 in interest to finish the amount of the loan.

<h3>What is interest capitalization?</h3>

Interest capitalization passes when owed interest is added to the principal amount of the loan. Interest is then charged on that advanced principal balance.

<u>Computation </u><u>of the amount of interest:</u>

Given,

Principal(P) = $8,575,

Rate(i) = 7.1%

Compounded Monthly:

$\dfrac{\frac{7.1}{12}}{1000} = 0.0059$

Time period (n):

$\text{12 Months} \times \text{4 Years} = 48 \text{Months}$

Now, apply the given values in the formula of compound interest(CI):

$\text{A} = \text{P}\times{(1+i)^n}-1\\\\\\\text{A} =\$8,575\times(1+7.1\%)^4^8-1\\\\\\ \text{A} = \$11,381.94$

Then apply the formula of EMI by taking $11,381.94 as a principal, we have,

Here,

$\text{n} = 12\text{Months}\times\text{10Years} = 120\text{Months}$

$\dfrac{\text{p}\times i \times(1+i)^n}{(1+i)^n-1}\\\\\\\\\dfrac{\$11,381.94\times 0.0059\times(1+0.0059)^1^2^0}{(1+0.0059)^1^2^0-1}\\\\\\=\$132.74$

Now, the total payment made in 120 months would be:

$\$132.74\times120=\$15,928.80$

Hence, Interest paid will be:

$\$15,928.80-\$8,575 = \$7,353.80$

Therefore, the total amount of interest that would be paid by Roderigo is $7,353.80.

Learn more about interest capitalization, refer to:

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2 years ago

Weather Watches, a watch manufacturing company, faces a lot of problems while planning and setting goals as its competitors’ tec

Licemer1 [7]

Answer:

B. A dynamic and complex environment

Explanation:

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3 years ago

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000;

wel

Answer:

17.30%

Explanation:

The computation of the return on investment is shown below

But before that the net income is

Sales $5,375,000

Less: COGS -$3,225,000

Less: Operating Expenses -$1,147,000

Net Income $1,003,000

Now

Return on Investment is

= Net Income × 100 ÷ Average Assets

= $1,003,000 × 100 ÷ $5,800,000

= 17.30%

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3 years ago

Between _________, it is estimated that Spanish America produced 150,000 tons of silver (including gold converted into silver we

liq [111]

Answer:

1550 - 1750

Explanation:

The primary mining centers in colonial Spanish America were Potosi in southern Bolivia, and Zacatecas and Guanajuato in northern Mexico. Measured in current dollars, silver worth tens billions of dollars was extracted and shipped to Europe during colonial times, but currently those places are extremely poor.

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3 years ago

Which one of the following is a primary benefit of budgeting? It removes the ‘plan ahead’ from lower level managers so that they

nikklg [1K]

Answer:

It provides definite objective for evaluating performance

Explanation:

Budgeting: It can be defined as the process of deciding an efficient way of spending money.

A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.

A budget can either be surplus or deficit.

1. A surplus budget is a budget in which the estimate of income is more than expenditure.

2. A deficit budget is a budget in which the estimate of expenditure is more than income.

Benefits of budgeting includes;

1. It provides definite objectives for evaluating performance.

2. It requires all levels of management to plan ahead on a recurring basis.

3. It facilitates the coordination of activities.

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3 years ago