Answer:
a) $347,760
b) $197,760
c) $199
Explanation:
a)
The Loan is paid by 240 (20 x 12 ) equal installments. These Installments include the principal and interest payment portion. Total payment to be made including interest and principal will be as follow:
Total amount = Installment amount x Numbers of installment = $1,449 x 240 = $347,760
b)
Amount Paid over the principal amount is the cost of interest on the loan
Cost of Interest = $347,760 - $150,000 = $197,760
c)
First payment of $1,449 includes the interest and principal amount. We will separate both as follow
Interest portion = $150,000 x 10% x 1/12 = $1,250
Principal Portion = $1,449 - $1,250 = $199
$199 is applied to principal.
Answer: eXtensible business reporting language (XBRL)
Explanation:
The financial reporting (disclosure) system that is based on the electronic data tagging language is referred to as the eXtensible business reporting language (XBRL).
XBRL is freely available and a global framework that is used for the exchange of business information and it also allows expression of semantics which is required in reporting of business.
Answer:
E) Social commerce site
Explanation:
As the name implies, a social commerce site like Groupon.com is a business that combines aspects of social media with commerce. The social media aspect is meant to be collaborative in the sense that people interact with each other in order to increase the sales of the business.
In this scenario, people collaborate with each other by reaching a certain treshold that allows them to get a benefit, the discount. The treshold is the minimum number of people that have to purchase the product for the discount to become effective.
This strategy benefits both Groupon.com with more sales revenue, and benefits customers because they get a discount, and take part in a social activity.
Answer:
B) Will become flatter as output increases if there are diminishing returns to the variable input
Explanation:
