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likoan [24]
4 years ago
8

Casey is considering taking out a 30-year loan with monthly payments of $205 at an APR of 1.9%, compounded monthly, and this equ

ates to a loan of $56,220.01. Assuming that the APR and the length of the loan remain fixed, which of these is a correct statement?

Business
2 answers:
Sergio [31]4 years ago
4 0

So logically, without doing any math, you can look at the answers and see which is the correct answer.

So we are told that rate and term stay the same.

So if you make lower payments but make the same number of payments, the total amount of payments would be LESS than the original loan.

If you make higher payments, the amount of the loan would be MORE.

Look for the answer that meets this criteria.

Kipish [7]4 years ago
4 0

Answer:

A, monthly payments of $195

Explanation:

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Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100
KATRIN_1 [288]

Answer:

$45,000

Explanation:

Cully's storage constraint is: 100B + 90M ≤ 18000

If Cully were to buy only big shelves, it could buy 180 of them (= 18,000 / 100)

If they were to buy only medium shelves, it could buy 200 (= 18,000 / 90)

Cully's money restraint is: 500B + 300M ≤ 75,000

If Cully were to buy only big shelves, it could buy 150 of them (= 75,000 / 500)

If they were to buy only medium shelves, it could buy 250 (= 75,000 / 300)

So Cully's order must be within 150 big shelves and 200 medium shelves.

If Cully purchases and sells 150 big shelves, it will earn $45,000 in profit.

If Cully purchases and sells 200 medium shelves, it will earn $30,000 in profit.

Since the profit for big shelves is $500, Cully should try to sell as many of them as possible. The maximum amount that they can buy is 150, which will result in a $45,000 profit.

8 0
3 years ago
A contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of
Serhud [2]

Answer:

Franchising

Explanation:

Franchising is defined as the contract that exists between a parent company (franchisor) and other firms (franchisee) in which an operating licence is given to the franchisee.

The franchisor gives access to use of their brand and also provides support and training to the franchisee.

Franchisee in turn gives an agreed amount of profit to the franchisor for using their brand.

An established name and specific rules of operation is agreed upon in the contract.

4 0
4 years ago
The _______________ and the _____________________ along with the Funding Plan should be established early on in the Joint Capabi
LiRa [457]

Answer:

The correct answer is A

Explanation:

Program Management Office is a function within a firm or organization, it is defined as the standards of the project management . And its main motive is to make sure that the project and the programs run in a standardized and in repeatable manner.

Acquisition strategy is the strategy or a plan which is comprehensive and integrated plan that is developed as a part of activities of the acquisition planning. It sates the technical, support and business strategies in order to manage the program risks and also to meet the objectives or goals of the program.

Therefore, the Program Management Office and the acquisition strategies with the Funding plan need to be created on the JCTD.

3 0
3 years ago
As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)
irga5000 [103]
<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>
8 0
4 years ago
Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael
Travka [436]

Answer:

Answer is A. glass ceiling.

Refer below.

Explanation:

Michael works at an accounting firm. He and his colleague, Ava, are both eligible for a promotion to a particular role. Michael works very hard, but he feels that Ava will be promoted as she is very sincere and is dedicated to her job. However, Michael gets promoted even though Ava was a more deserving candidate. This scenario illustrates the concept of glass ceiling.

5 0
3 years ago
Read 2 more answers
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