Answer:
$15,495.41
Explanation:
Given that,
Loan amount = $15,000
Annual Interest rate = 13%
Daily interest rate = Annual Interest rate ÷ 365
= 13% ÷ 365
= 0.035616%
Period of loan = 3 months
Number of days:
= 365 × (3 ÷ 12)
= 91.25 days
Total amount that Raphael owes the bank at the end of the loan’s term:
= P(1 + r)^n
= 15,000 × (1 + 0.035616%)^91.25
= 15,000 × (1.00035616)^91.25
= 15,000 × 1.0330275
= $15,495.41
The Mangement trainee is undergoing<u> Job Rotation</u>
Explanation:
- <u>Job Rotation</u> is the process of Randomly selecting people and exposing them to the various departments of the organization.
- This technique is adopted by various companies to deal with issues like job stagnation, Job Frustration,Randomness issues,High employee turnover rate .
- <u>This technique is also helpful to the organization as it helps in creation of a Talent base with Multi-Tasking Ability</u>
Answer:
All answers are correct except Money Supply
Explanation:
Fiscal policy affects aggregate demand through government spending and taxes. Government may increase taxes to increase revenue or discourage the consumption of a product. On the flipside, they may reduce taxes to stimulate spending, redistribute income, increase aggregate demand among other objectives.
Money supply is a monetary policy and it is used by the central bank to achieve certain objectives (reduce inflation, stimulate growth, increase demand, etc.)
Government spending is a fiscal policy that government uses to achieve a set of objectives (i.e. to supply goods and services that are not provided by the market or private sector – construct bridges, provide health facilities, social programmes for the poor among others).
Taxes – Tax is a fiscal policy tool used by the government to generate revenue, encourage or discourage the consumption of certain products or affect aggregate demand through income redistribution.
Trade policy could be in the form taxes (i.e. tariffs, import duties, custom duties among others). Trade policy is a fiscal policy as government can use it to control aggregate demand by placing embargo on the importation of certain products to reduce the demand of such products in the local economy.
Answer:
9.09%
Explanation:
The required return of ZYX, Inc shall be determined using the following mentioned formula:
r=[d(1+g)/MV]+g
In the given question
r=required rate of return of ZYX, Inc=?
d(1+g)=next dividend payment to be made by the ZYX, Inc=$2.95
MV=current selling price of share=$58
g=growth rate of dividend=4%
r=required rate of return=[$2.95/$58]+4%
r=required rate of return=9.09%
Answer:
a tax bracket refers to a range of income subject to a certain income tax rate.
Explanation:
so basically it's just a range of income taxed at a given rate
