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natita [175]
3 years ago
12

Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay

ments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV =  present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1                 -7330              -6505     -825       75995

2                -7330              -6570      -760      69,425

Percentage of Principal Payment  = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

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From guided notes reading of 7 skills to make mill$ :
Mkey [24]

Answer:

From guided notes reading of 7 skills to make mill$ :

This book focuses on __soft_______ skills or behavioral ___competencies________.

Explanation:

Brooks Harper's "7 Skills to make mill$" is a motivational book which urges students to perform at their best during their school  days so that they can be prepared for the work life.  In a very unique manner, Brooks hampered on the importance of the seven skills, which he described with the acronym DOLLARS.  These include Diligence (hard work pays), Organization (Be your CEO, developing your GPA as your Goal, Plan, and Action and not just Grade Point Average), and Leadership (by making a difference).  Others include Learning (replacing ignorance with education), Accountability (Your name = Your Brand; enhance or diminish it), Relationship (a warning to mind your company), and lastly Speaking (the articulation of ideas to others).  These are the keys to success in life, which must be developed during school days.

7 0
3 years ago
Werth Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit
____ [38]

Answer:

Option (A) is correct.

Explanation:

Given that,

Estimated fixed cost = $288,000

Estimated variable cost = $14 per unit

Units expects to produce and sell = 60,000

Selling price = $20 per unit

We first need to calculate the contribution margin:

Contribution margin per unit:

= Selling price - Variable cost

= $20 - $14

= $6

The break even point in units is the ratio of fixed cost to the contribution margin per unit.

Break-even point in units:

= Fixed cost ÷ Contribution margin per unit

= $288,000 ÷ $6

= 48,000 units

8 0
3 years ago
in supply chain The competitive characteristics that persuade a customer to choose one company's products over those of another
Stella [2.4K]

Answer:

correct answer is Order winner

Explanation:

in the supply chain, every firm want more profit  

for more profit, they want  increase their supply chain and sell more product  

so in this competitive characteristics customer choose 1 company product over another company with their attractive offers  

so as that order winder is special products and service that attribute desire from the customers that enable the company to win by beating competition in the market  

so correct answer is Order winner

7 0
3 years ago
On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash.
Andrej [43]

Date       -     Account Title         -        Debit        -     Credit

Feb 13

                     Cash                        -      $10,975      -

                     Sales                       -                          -    $10,000

                     Sales Tax Payable -                          -     $975

What is a Drop-down menu?

A drop-down list (abbreviated drop-down, or DDL; also known as a drop-down menu, drop menu, pull-down list, picklist) is a graphical control element, similar to a list box, that allows the user to choose one value from a list.

When a drop-down list is inactive, it displays a single value. When activated, it displays (drops down) a list of values, from which the user may select one.

When the user selects a new value, the control reverts to its inactive state, displaying the selected value. It is often used in the design of graphical user interfaces, including web design.

To learn more about Drop-down menu: brainly.com/question/17116743

#SPJ4

                     

8 0
2 years ago
Ted was dissatisfied with his job. He said that the company policy, superxisior; and working conditions were responsible for his
nalin [4]

Answer:

The correct answer is B

Explanation:

As the Ted was dissatisfied with the job because of the working conditions, policy of company and supervision. And as per the theory of the  Frederick Herzberg, the study indicate that the certain factors of the job are related to the job satisfaction whereas the other factors lead to job dissatisfaction.

In accordance with the theory, the motivating factors are the intrinsic elements of the job that lead to satisfaction like achievement, affiliation, growth and responsibility. And the hygiene factors are the extrinsic elements of the work environment.

Therefore, the extrinsic factors which is hygiene factor or elements of the work environment will not serve as the source of the employee motivation or the satisfaction

5 0
3 years ago
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