In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.
Answer: Balloon Loan
A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.
In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.
The interest falls due and is paid during the life of the loan.
The principal however, is paid as a balloon payment on the final day of the life of the loan.
Answer:
C(T) = $730 + $25T
R(T) = $35T
T = 193 transactions
Explanation:
Given that:
C = cost ; R = revenue ; T = number of transactions
Amount paid per transaction = $25
Cost keeping office open = $730
Amount collected on each transaction = $35
(a) Find a formula that gives C as a function of T.
C(T) = Cost of keeping office open + (cost per transaction × number of transactions)
C(T) = $730 + $25T
(b) Find a formula that gives R as a function of T.
R(T) = (Amount collected per transaction * number of transactions)
R(T) = $35T
(c) Find the number of daily transactions that are needed to make the revenue $1200 more than the cost.
R = C + 1200
Substitute the value of R and C into the equation:
35T = 730 + 25T + 1200
35T - 25T = 730 + 1200
10T = 1930
T = 1930 / 10
T = 193 transactions
Answer:
Maia’s alternative minimum taxable income is: =$119430
Explanation:
Given:
- Regular taxable income of $116,300
- State income taxes $3,130
From that, we can find out the taxable income
= Regular taxable income + State income taxes
= $116,300 + $3,130
=$119430
Because the deduction spent on charitable contributions will not consider as taxable income because charitable contribution is a deductible amount from a person's taxable income.
So, Maia’s alternative minimum taxable income is: =$119430
