For financial managers to be socially responsible, it is necessary that they:

1 answer:

6 0

The answer to the question above is letter C. It is necessary that a Financial Manager should be socially responsible to make a long-term commitment to the needs of the stakeholders. Financial Manager should develop his or her operational and evaluative capabilities to improve the organizations' core competence contributing for long term results.

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You just took out a $12,000 loan for your small business. the loan has a four year term and repayment is in the form of four eq

umka2103 [35]

Answer: $403.20

Explanation:

We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.

I used http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:

- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY)
- Pay Back: Every year

Then, I clicked the calculate button and view amortization table. The annual amortization schedule is attached in this answer.

To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).

As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is $403.20.

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3 years ago

QUESTION 1

babunello [35]

1.) A
2.) True
3.) False
4.) C
5.) C
6.) True
7.) True
8.) C
9.) True
10.) True

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3 years ago

Can someone go check out my recent question because i need help

Ber [7]

Answer:

Explanation:

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3 years ago

Item 25 In marketing, each __________ consists of people who are relatively similar to each other in terms of their consumption

kifflom [539]

Answer:

market segment.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

In marketing, each market segment comprises of people (consumers) who are relatively similar to each other in terms of their consumption behavior and preference or choice with respect to goods and services.

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3 years ago

T/F: The theory of purchasing-power parity states that a unit of a country's currency should be able to buy the same quantity of

balandron [24]

Answer: The statement is <u>TRUE.</u>

Explanation: The theory of purchasing-power parity is an economic theory that tries to calculate the exchange rate between the currencies of two countries necessary so that the same basket of goods and services can be purchased in the currency of each one, that is, so that the purchasing power (or purchasing power) ) of both currencies is equivalent.

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