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RSB [31]
3 years ago
8

Mark is developing the marketing strategy for his business, which is a retail store. He knows that situation characteristics wil

l interact with his marketing activity. Which of the following is a situation characteristic he needs to consider?
Business
1 answer:
Natalija [7]3 years ago
5 0

Answer:

The correct answer is task definition.

Explanation:

A task describes a unit of work. Each task is carried out by specific roles. The granularity of a task normally ranges from a few hours to a few days. It usually affects a work product or a small number of them. Tasks do not necessarily have to be used as a basis for planning and monitoring progress. They are often too granulated for such a task; the groupings of activities of the tasks tend to be preferable units for planning and monitoring.

A task has a clear objective, usually expressed in terms of creating or updating some work products, such as models, classes or plans. In a task, each realization role achieves a well defined objective. A task provides complete step-by-step explanations of the work that must be done to achieve that goal. This description is complete, regardless of the time in the life cycle of a process in which the work should be performed. Therefore, it does not describe each task at all times, but describes all the work that is carried out throughout the life cycle of development that contributes to achieving the objective of the task.

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1. Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest
Ierofanga [76]

Answer:

1. Down payment = $15,000

2. The existing mortgage (loan) was for $135,000

3. The current monthly payment on the existing mortgage is $990.58

4. The total interest over the life of the existing loan = $221,609.58

6. The amount of the original loan paid off is $22,319.

7. Total amount paid to the loan company over the last 10 years is $258,928.58 ($243,928.58 + $15,000)

8. Total interest paid over the last 10 years is $221,609.58

9. The equity in the home is $67,319 ($180,000 - $112,681)

10. The new monthly payments will be $675.58

11. Saving each month because of the lower monthly payment is $315 ($990.58 - $675.58)

12. Total Interest = $352,137.21 ($221,609.58 + $130,527.63)

13. It does not make sense to refinance because what is saved per month cannot compare with the additional interest expense to be incurred for prolonging the payments.

Explanation:

a) Data and Calculations:

1. Cost of a home = $150,000

10% down payment = $15,000

Existing Mortgage = $135,000 ($150,000 - $15,000)

Home Price  150000

 Down Payment  10 %

Loan Term  30  years

Interest Rate  8%

House Price $150,000.00

Loan Amount $135,000.00

Down Payment $15,000.00

Total of 360 (30 years * 12)

Mortgage Payments $356,609.58

Total Interest $221,609.58

Ten years after, the loan balance has been reduced by $22,319 ($135,000 - $112,682)

Refinancing calculations:

Home Price  112681

 Down Payment  0 %

Loan Term  30  years

Interest Rate  6

   

Monthly Pay:   $675.58 Monthly

Total Mortgage Payment $243,208.63

Total Out-of-Pocket $243,208.63

Total of 360 Mortgage Payments $243,208.63

Total Interest $130,527.63

 

4 0
3 years ago
If nominal wages fall which of the following will occur in the short run? The SRAS curve will shift to the right The SRAS curve
bixtya [17]

Answer:

The SRAS curve will shift to the right.

Explanation:

A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.  

This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.

7 0
3 years ago
Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
sashaice [31]

Answer:

Land, Building and equipment

Explanation:

As we know that

Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.

So according to the given situation, the land, building and the equipment is considered generally as a long term asset

4 0
3 years ago
Comprehensive income is defined as: Net income plus other comprehensive income. Changes in equity for a period resulting from al
SVEN [57.7K]

Answer: Changes in equity for a period from all sources except those by non-owner sources.                            

Explanation: In simple words, comprehensive income refers to those transactions that were not realized before so they later get recorded in the income statement.

These transactions usually results in increase in shareholders equity. Usually such transactions involve unrealized gain or loss from available for sale securities or foreign currency transactions.

8 0
3 years ago
Becky’s comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any am
Aleks04 [339]

Answer:

a) $2498.6

b) No

Explanation:

Given that:

Deductible = $850

Medical cost for treatment = $9,093

Policy deductible percentage = 80% = 0.8

a)

Coinsurance =  (Medical cost for treatment - deductible) x (1 - policy deductible percentage)

Substituting values:

Coinsurance = ($9093 - $850) x (1 - 0.8) = $8243 x 0.2 = $1648.6

The total amount Becky would pay under the current policy  = Deductible + Coinsurance = $850  + $1648.6 = $2498.6

b) No, since beck paid $2498.6 instead of a policy of $4000, she saved $1501.4 (i.e $4000 - $2498.6)

3 0
3 years ago
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