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babunello [35]
1 year ago
11

Sylvester is taking out a loan and is confused by the jargon. Which of the following explanations might help him? a. TERM is the

length of the loan, and INTEREST RATE is how much total money he will pay b. PRINCIPAL is how much he owes per month, and TERM is how much he owes overall c. INTEREST RATE is how much the lender charges per year for the loan, and PRINCIPAL is the initial amount Sylvester borrows d. MONTHLY PAYMENT is how much interest costs him each month, and TERM is the name of his lender
Business
1 answer:
ryzh [129]1 year ago
5 0

Personal loans, home loans, student loans, auto loans, and other sorts of loans are among the most common.

What is a loan, in plain English?

A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government. The borrower accepts a specific set of terms in return, which may include any financial costs, interest, a repayment schedule, and other requirements.

What are the different forms of loans?

An amount of money that a person or business borrows from a lender is known as a loan. It can be divided into three basic groups: conventional, open-end and closed-end loans, and unsecured and secured loans.

To learn more about loans from the given link.

brainly.com/question/26011426

#SPJ9

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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
Sonbull [250]

Answer:

Sonic Inc.

a) Sales Budget:

                                      Rumble            Thunder

Total units sold              8,550                7,450

Unit sales price               $135                  $210

Sales value            $1,154,250       $1,564,500

b) Production Budget:

                                                        Rumble      Thunder

Total units sold                                    8,550          7,450

Desired inventory (units), June 30       299               56

Estimated inventory (units), June 1       260               64

Units to be produced                         8,589           7,442

Explanation:

a) Data and Calculations:

                                                           Rumble      Thunder

Total units sold                                    8,550          7,450

Desired inventory (units), June 30       299               56

Estimated inventory (units), June 1       260               64

Units Produced                                   8,589           7,442

                                              Rumble      Thunder

Expected sales volume (units):

Midwest Region                     3,650          3,200  

South Region                         4,900          4,250

Total units sold                      8,550          7,450

Unit sales price                       $135            $210

a) The Sonic Inc.'s sales budget determines the production budget.  When the quantity to be sold is obtained, then production planning can take place based on meeting customers' demand for goods or services.

b) The Production budget is a bye-product of the sales budget, though, it is critical in the whole value chain.  It is the production budget that guides production planning, including the type, design, and other features of the product.

6 0
3 years ago
The Rodriquez family is determined to purchase a $250,000 home without incurring any debt. The family plans to save $2,500 a qua
dexar [7]

Answer:

70years

Explanation:

The future value formula for compound interest, after n interest period is

F=P(1+i)^n

where i is the interest rate per period in decimal form and P is the principal or present value.

The Rodriquez family is determined to purchase a $250,000 home so

F=$ 250,000

The family plans to save $2,500 a quarter for this purpose and expects to earn 6.65 percent.

This implies that:

i =  \frac{0.0665}{4}  = 0.0016625

For t years, the number of compounding periods will be;

n = 4t

We fixed the values into the formula and solve for t.

250000=2500(1+0.0066125)^ {4t}

\frac{250000}{2500} =(1.0066125)^ {4t}

100=(1.0066125)^ {4t}

100=(1.0682)^ {t}

t =  log_{1.0682}(100)

t = 69.8

It will take approximately 70years

3 0
3 years ago
As societies become larger humans devised new cultural systems to ____
Aloiza [94]
<span>Group Cohesion This can be termed as a bond that pulls individuals toward enrollment in a specific gathering and opposes separation from that gathering.</span>
3 0
3 years ago
In a spreadsheet application, a ____ is identified using letters of the alphabet.
4vir4ik [10]
B) Columns are identified using letters in a spreadsheet application.
8 0
3 years ago
Read 2 more answers
How do horizontally organized companies differ from traditionally organized companies
GenaCL600 [577]

Horizontally organised companies do not have a strict hierarchy of posts with increasing importance and allow more freedom to the employees.

Explanation:

Horizontally organised companies function very differently from traditional companies as the traditional structure is a pyramidal vertical structure.

<u>In this structure people at the top are few and are at higher  positions and issue orders which are distributed by managers to employees.</u>

<u>In the horizontal structure the managers are taken out of play and even the employees make important decisions for the company.</u> This allows for greater morale and freedom but can only work for small and medium sized businesses in certain niches.

7 0
3 years ago
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