Answer:
$594.57
Explanation:
For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment below:
Given that,
Present value = $31,000
Future value or Face value = 0
Rate = 5.67% ÷ 12 months = 0.4725
NPER = 5 years × 12 = 60 years
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after applying the formula, the monthly payment is $594.57
The question is about the description of different cabins of cruise liner. Following is the description of each cabin,
Interior cabin : An interior cabin is the area of a cruise which has no window. On this cabin visitors can rest and enjoy the peace. There are luxury and relaxing sofas to relax and comfortable bed to have sound sleep.
Ocean view cabin : An Ocean view cabin is outside cabin which has window to look at the sea. It has luxury couch to sit and enjoy the pleasant view of the ocean.
Balcony Cabin : It is room of a cruise which has separate balcony attached to the room. However the balcony is small in size and there is space of only two chairs but the experience of viewing the ocean from it is unforgettable.
Guest can sit and enjoy their drinks while having beautiful view of ocean waves along with sea breeze.
Suite : This is largest room of the cruise and guests can experience special luxury perks in this room. The suite is a large room of the cruise which has separate lounge and sometimes separate swimming pool too.
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Answer:
cannot sue John for the extra $250 asJohn made the promise to him based on past consideration.
Explanation:
When Gerald was helping John build the garage, there was no agreement between them on payment for services. After the two weeks John made the promise to pay Gerald.
This is not a binding promise as John is paying Gerald at his own discretion as a past consideration, since no contract was agreed between them.
Answer:
Euphoria produces 12 million bushels of corn and 16 million pairs of jeans
Euphoria's opportunity cost of producing 1 bushel of corn is 1/4 pair of jeans
Euphoria's opportunity cost of producing 1 pair of jeans is 4 bushels of corn
Euphoria will produce only jeans, total production 64 million pairs of jeans. The total production of jeans between the two countries increased by 12 million per week.
Contente produces 6 million bushels of corn and 36 million pairs of jeans
Contente's opportunity cost of producing 1 bushel of corn is 1/2 pair of jeans
Contente's opportunity cost of producing 1 pair of jeans is 1/2 bushels of corn
Contente will produce only corn, total production 24 million bushels.
The total production of corn between the two countries increased by 6 million bushels.
Contente trades 14 million bushels of corn for 42 million pairs of jeans from Euphoria:
- Contente's gain = 42 - (14 x 1/2 = 7) = 35 million pairs of jeans
- Euphoria's gain = 14 - (42 x 1/4 = 10.5) = 3.5 million bushels of corn
Consumption with or without trade:
- Contente ⇒ with trade 10 million bushels of corn and 42 million pairs of jeans. Without trade 6 million bushels of corn and 36 million pairs of jeans. Total gain = 4 million bushels of corn and 6 million pairs of jeans.
- Euphoria ⇒ with trade 14 million bushels of corn and 22 million pairs of jeans. Without trade 12 million bushels of corn and 16 million pairs of jeans. Total gain = 2 million bushels of corn and 6 million pairs of jeans.
Answer:
The answer is: Strategic alliance
Explanation:
Strategic alliance refers to an agreement between two or more companies that will work together to pursue common goals or objectives. Each company will remain independent and their collaboration is solely to achieve a specific common objective. In this case, Alpha and Microchips will continue to work independently and will work together as one only in China.
