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Phantasy [73]
3 years ago
11

Explain why a city council meeting to discuss hiring more city employees must be open to the public, while a meeting to discuss

firing an employee can be closed
Business
1 answer:
ad-work [718]3 years ago
7 0

Answer:

The answer is because people should know who is coming into office, but they do not have the right to know why someone is being fired for private reasons.

Explanation:

It’s important for the hiring discussion to be made public by the city council since it relates to the use of public funds to compensate these additional workforces. In contrast, firing processes do not relate to incurring funds and thus the public does not need to know about the reasons of the firing.

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You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. a
Leviafan [203]

Answer:

a. The maximum price you can pay for the car is <u>$33,477.87</u>.

b. The maximum price you can pay for the car is <u>$39,411.78</u>.

Explanation:

a. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can be determined as follows:

<u>Calculation of the Present Value (PV) of the monthly payments</u>

To calculate, the formula for calculating the present value of an ordinary annuity is used as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 48

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^48) / 0.01)

PV = $850 * 37.9739594934803

PV = $32,277.87

<u>Calculation of the maximum price you can pay for the car</u>

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $32,277.87.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $32,277.87 = $33,477.87

Therefore, the maximum price you can pay for the car is <u>$33,477.87</u>.

b. How much can you afford if you finance the purchase over 60 months? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can also be determined as follows:

<u>Calculation of the Present Value (PV) of the monthly payments</u>

To calculate this, we use equation (1) in part (a) above, change number f months to 60 and proceed as follows:

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 60

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^60) / 0.01)

PV = $850 * 44.9550384062241

PV = $38,211.78

<u>Calculation of the maximum price you can pay for the car</u>

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $38,211.78.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $38,211.78 = $39,411.78

Therefore, the maximum price you can pay for the car is <u>$39,411.78</u>.

5 0
3 years ago
Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very litt
DedPeter [7]

Answer:

<em>Options Include:</em>

A. demand will become more price elastic.

B. price elasticity of demand will not change as price is lowered.

<em>C. demand will become less price elastic.  is Correct</em>

D. the elasticity of supply will increase.

Explanation:

<em>Typically as a broadly accurate guide, the product is called elastic if the quantity of a good demanded or purchased increases more than the change in price. </em>

(Price increases by + 5%, but demand decreases by -10%). When the shift in the purchased quantity is the same as the price change (say, 10 per cent/10 per cent= 1), the product is said to have price elasticity unit (or unitary).

Eventually, when the purchased quantity changes less than the price (say,-5 per cent demanded for a price change of+ 10 per cent), then the product is called inelastic.

7 0
3 years ago
Which of the following is considered risk?
xxTIMURxx [149]
Im guessing the 3rd or the first Idunno

6 0
3 years ago
Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity
Umnica [9.8K]

The question is incomplete as the maturity dates are missing. The complete question is as follows,

Kilgore Natural Gas has a $1,000 par value bond outstanding that pays 19 percent annual interest. The current yield to maturity on such bonds in the market is 11 percent. Compute the price of the bonds for these maturity dates:

a. 40 years  

 b. 17 years

 c. 8 years

(Do not round intermediate calculations. Round your final answers to 2 decimal places. Assume interest payments are annual.)

Answer:

a.

Bond Price  = $1716.084065 rounded off to $1716.08

b.

Bond Price  = $1603.90355 rounded off to $1603.90

c.

Bond Price  = $1411.68982 rounded off to $1411.69

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment, number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.

<u>a. 40 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 40

r or YTM = 0.11 or 11%    

 

Bond Price = 190 * [( 1 - (1+0.11)^-40) / 0.11]  + 1000 / (1+0.11)^40

Bond Price  = $1716.084065 rounded off to $1716.08

<u>b. 17 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 17

r or YTM = 0.11 or 11%    

 

Bond Price = 190 * [( 1 - (1+0.11)^-17) / 0.11]  + 1000 / (1+0.11)^17

Bond Price  = $1603.90355 rounded off to $1603.90

<u>c. 8 Years </u>

Coupon Payment (C) = 1000 * 0.19 = $190

Total periods remaining (n) = 8

r or YTM = 0.11 or 11%    

 

Bond Price = 190 * [( 1 - (1+0.11)^-8) / 0.11]  + 1000 / (1+0.11)^8

Bond Price  = $1411.68982 rounded off to $1411.69

8 0
3 years ago
The most popular input measure used to determine the progress toward completion?
solong [7]

The most popular input measure used to determine progress towards completion is the cost-to-cost basis.

Unavoidable expenses or sacrifices to obtain goods or services with the aim of obtaining benefits; expenses for certain activities, purposes, or time, such as shipping, packing, and sales are intended to generate income in the company's income statement, the cost component is a deduction from revenue.

Costs are sacrifices or expenses made by a company or individual with the aim of obtaining more benefits from the activities carried out. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses.

- Costs: a cost in the sense of sacrifices or expenses made by companies or individuals that are directly related to the output or products produced by the company or individual.

- Expenses: a cost incurred by a company / individual which is only as a supporting activity.

You can learn more about Costs here brainly.com/question/15135554

#SPJ4

3 0
1 year ago
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