The two most common compensation methods for teams are:

On April 1, 2018, John Vaughn purchased appliances from the Acme Appliance Company for $1,200. In order to increase sales, Acme

Darina [25.2K]

Answer:

The monthly payment necessary for John to pay for his purchases is $88.4 per month

Explanation:

Fixed Installment payment for a fixed period period of time with a specified interest rate is the type of annuity.

According to given data

Present value of appliance= PV = $1,200

Numbers of Payments = n = 18 months

Interest rate = r = 24% annually = 2% monthly

Value on October 1, 2018 = 1200 x ( 1 + 2%)^6-1 = 1,325

Monthly payment can be calculated by using following fomula

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

$1,325 = P x [ ( 1- ( 1+ 2% )^-18 ) / 2% ]

$1,325 = P x [ ( 1- ( 1+ 0.02 )^-18 ) / 0.02 ]

$1,325 = P x [ ( 1- ( 1.02 )^-18 ) / 0.02 ]

$1,325 = P x 14.992

P = $1,325 / 14.992

P = $88.4

8 0

3 years ago

What is fiat money?

tatyana61 [14]

Answer:

D. money that is authorized by a central bank and that does not have to be exchanged for gold or some other commodity money

Explanation:

By definition, fiat money is a physical money that is made a legal tender by the government or other authoritative figure.

It is not backed by any physical commodity like silver or gold but only by the government that distributed it . Additionally, if inflation occurs in a country that uses fiat money as a legal tender, the owners will go at a huge loss since it cannot be redeemed and in worst case scenario such as hyperinflation, it will be worthless.

6 0

3 years ago

Why is a rigorous performance appraisal program a key part of the Teach for America<br> program?

Naddika [18.5K]

Answer: Please refer to Explanation

Explanation:

Teach for America is a Non-profit Organization founded in 1989 that aims to place teachers in schools that need it the most especially in low income areas.

The very rigorous performance appraisal program is done to ensure that the children being taught are benefitted in the most effective way.

Teach for America hopes to impart on the lives of the children, long lasting benefits that will take them very far in life. For thus reason they train recruits as much as possible to ensure that they are well armed to deal with any kind of situation that may arise while they are on duty. It is important to realize that a lot of TFA programs deal with kids from minority or lower income backgrounds and it is important to know how to relate with them and part of this training is for that. Children learn in numerous ways. The training therefore enables the recruits to know how to employ different educational methods to reach their to even the toughest of students and educate them.

4 0

3 years ago

The Filling Department of Lilac Skin Care Company had 4,000 ounces in beginning work in process inventory (70% complete). During

Sloan [31]

Answer:

Direct Materials = 49,000 units

Conversion Costs = 45,280 units

Explanation:

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Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.

Equivalent units calculation :

Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units

Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units

7 0

3 years ago

If a producer violates an insurance law and also commits a criminal action in the process, which action is the Director most lik

Alina [70]

Answer:

The director is required to send a mail concerning the revocation notice to the producer.

Explanation:

Where a producer violates an insurance law and also commits a criminal action in the process, the director is expected to send a notice to the producer and inform the Attorney General for possible prosecution.

8 0

4 years ago