Answer:
$1,320.19
Explanation:
Loan amount = $225,000
Rate = 5.80%
Years = 30
PMT = ?
Initial payment = PMT(Rate/12, Years*12, -225,000)
Initial payment = PMT(5.80%/12, 360, -225,000)
Initial payment = 1320.185230439806
Initial payment = $1,320.19
Therefore, the initial payment on the loan is $1,320.19
Answer:
The correct answer is letter "B": inefficiencies result when incentives to produce are reduced.
Explanation:
Equity-efficiency tradeoff takes place when attempting to optimize the production efficiency, distribution of wealth is diminished. The concept is always linked to moral philosophy because it implies taking about how people organize themselves in the way to produce and share their goods in a fairly. According to this point of view, when there is not enough motivation to produce inefficiencies arise.
<span>As a non-management colleague, an individual does not have any immediate right to take decisions regarding the management of the company.
Therefore, if the carpet cleaners are at the door even though they had come in last week, it is better to inform the manager at the company and let the management group handle the situation.
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In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:
- E. All of the above are appropriate questions to ask.
I was able to find the <u>complete exercise </u>online and the exercise had five options to choose from. These are the options:
- A. Is the business operating at a profit?
- B. Why are you selling?
- C. Are there any problems with the business?
- D. Will the customers stay with the business?
- E. All of the above are appropriate questions to ask.
The correct option was "E" because all the questions are not only appropiate but necessary to ask.
When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.
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