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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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larisa [96]

Answer:

You can fill out job applications.  

You can hand in your résumé.  

You can talk to a recruiter or hiring manager.

Explanation:

The events organized to discover and explore the employers and the job seeking candidates at a platform. The interested hiring committee and the job seekers meet a point where they find opportunity to seek jobs. This process helps in minimizing the efforts and time of both the employers and the candidates. The instant job offer is the biggest advantage of the fair. The candidates can hand their resume directly to the recruiters and have direct word with them.

6 0
3 years ago
The workers of Tight Footing, a tile manufacturing plant, wanted a raise. However, the management did not want to give the worke
AveGali [126]

Answer:

Soldiering

Explanation:

The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.

Scientific management involves four principles, they include:

1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.

2) Employing and training the right set of individuals to perform the job.

3) Monitoring the performance of the workers.

4) Carrying out a system of division of labour between the management and the workers.

Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.

4 0
3 years ago
Read 2 more answers
"In the __________ strategy, you can manipulate _________ to match supply and demand. a. Chase; inventory level b. Chase; invent
makkiz [27]

Answer:

a. Chase; inventory level

Explanation:

Chase Strategy is one of the two aggregate planning methods where the production is set according to demand forecasts. Hence in this type of aggregate planning, the inventory level may be increased for a certain duration to cater for higher demands while it can also be lowered through low production for low forecasts. Hence Inventory level may be manipulated to match supply and demand.

7 0
3 years ago
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Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
3 years ago
When evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to convey trust. a. a
sesenic [268]

An assurance means the knowledge and courtesy of employees and their ability to convey trust.

<h3>What is an assurance?</h3>

This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.

Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.

Therefore, the Option A is correct.

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6 0
1 year ago
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