Answer:
increase
increase
Explanation:
Inferior goods are goods whose demand falls when income rises and increases when income falls.
If frozen pizza is an inferior good, a decrease in income will increase the demand for frozen pizza. this would lead to an increase in price and quantity
Answer:
i. How much do you owe on the loan today?
- remaining principal balance = $484,331.31
ii. How much interest did the firm pay on the loan in the past year?
- during year 2, $23,458 was paid in interests ($28,833.33 was paid in interest during year 1).
iii. Suppose starting next year (fourth year) the loan rate jumps to 7.2% APR. What is the remaining balance? What will be the monthly payment?
- the remaining balance at the beginning of year 4 is $475,916
- the new monthly payment will be $3,375.72
Explanation:
I prepared two amortization schedules using an excel spreadsheet. The principal on the loan was $500,000. The first one has a fixed 4.8% APR for the whole 30 years. In the second one, the APR changes to 7.2% at the beginning of year 4.
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Answer:
$274.54
Explanation:
Given:
n = 15 years
Future Value, FV = 1000
rate, r = 9%
Required:
Find the initial price of the bond
Given that we have a zero coupon bond here, it means the par value is paid at date of maturity, and no issuer pays no regular coupon payment.
To find the initial price of the bond, use the formula:
Substitute figures:
The initial price of the bond should be $274.54
Answer:
true
Explanation:
Our western civilization is leaning towards empowering people, specially women and minorities. Men and women are considered equal, and neither of them will accept an authoritarian leader.
Authoritarian leaders are self centered and try to focus everything on them. They don't like to accept suggestions or ideas from their subordinates and dislike creativity. Even benevolent autocratic behavior is bad, it is less bad than other types of autocrats, but still bad. Benevolent autocrats try to inspire and guide their subordinates, of course, all under his/her wing.
On the other hand, a democratic leadership style that fosters employee participation in the decision making processes is easily accepted by most employees nowadays. In our western culture, we believe in democracy and any gain made that increases our rights and well beings in our work, school, or society in general is considered positive. While any behavior that goes against our rights or democratic beliefs will be disliked.
Answer:
product specification
Explanation:
A design specifications refers to the document with a set of demands providing development groups with the details they need to create innovative features or functionalities.
A quality product spec may not mini-manage the production of the goods. Instead, it provides them with appropriate context regarding customers, future needs as well as other factors to enable them to make informed choices as they designing and building a response.
