It will take 32.55 months for the account to be paid off.
In this question, we have r = 1.40%, PMT = $500 and Present Value = $13,000.
We can use the nper formula in Excel to arrive at the answer.
The formula in Excel is : =nper(rate, pmt, pv,[fv],[type])
When we substitute the values in the question, the nper formula looks like this:
=NPER(0.014,500,-13000)
We enter the present value of the amount outstanding as a negative value, since excel considers the present value as an outflow (expense).
The answer they're looking for is that you will tell a supervisor. If the question ever involves theft or mistreatment of customers they always want to hear that you'll report the person.
Answer:
All of the characteristics belong to winning products.
Explanation:
The six main characteristics of winning products are:
- winning products satisfy their customers' needs better than its competitors.
- winning products solve unsatisfied needs that other competitors couldn't.
- winning products offer great value for the money spent.
- winning products provide excellent perceived quality.
- winning products are considered very useful by its customers.
- winning products provide a range of highly visible benefits to its customers.
Answer:
7.20%
Explanation:
Given that
Coupon rate = 9%
Yield to maturity = 12%
And marginal tax rate is 40%
So by considering the above information, the after tax cost of debts is
= Yield to maturity × (1 - tax rate)
= 12% × (1 - 0.40)
= 7.20%
After considering the tax rate and then multiplying with the yield to maturity we can get the after tax cost of debt
We ignored the coupon rate
Answer:
Leadership is the action of leading people in an organization towards achieving goals. Leaders do this by influencing employee behaviors in several ways. A leader sets a clear vision for the organization, motivates employees, guides employees through the work process and builds morale.
Explanation:
