Could someone help me on my resume for my career class?

Nicolas signed an installment agreement to borrow $1,000 for 3 years to be paid back monthly. The cost of the loan is $195.56. W

vova2212 [387]

Annual percentage rate or APR is a credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR).

Now, According to the Question,

We are Given :-

Amount Financed = $1,000

Time = 3 Years, paid back monthly

Cost of Loan = $195.56

<u>CALCULATION</u>

Finance Charge / Amount Financed =

$195.56 / $1,000 = 19.56

Table factor of 19.56 at 36 periods = 12% APR

Therefore the APR for the borrowed money is 12%

To know more about Annual percentage rate or APR, check the links.

brainly.com/question/2940185

brainly.com/question/2772156

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7 0

2 years ago

What is a major drawback to outsourcing, and what solution could company management institute? courcehero

faust18 [17]

Answer with Explanation:

Some of the major drawback of outsourcing and how these issues must be tackled is listed as under:

Loss of control. When the company outsources its one of operating department then the company looses the control that previously it was able to emphasize on the management. Usually the company department is outsourced to a professional firm that knows every single issue related to the task assigned. But sometimes issue arises when the the service company pretends that it is highly professional in dealing with the issues but they are not. Its almost rare in developed countries because of rule of law. In such cases the company has to avoid the contract and look for another firm to cooperate in this area.
Reputational Risk: The negligence of working of third party may result in reputational losses. This may also have financial impacts in the form of loss of loyalty and sales. This risk is inherent risk and the solution is that the company must not form a contract until they are well assure of the professionalism of the firm.
Confidentiality Risk: The competitive advantage can be due to a new IT system implemented that integrates the information and lower the cost of information for the company that helps it in making much better decisions and is the reason of competitive advantage. The loss of this confidential data might result in loss of ideas or mechanism working knowledge that competitor may use to overcome the competitive advantage. The solution to this can be awarding tender to the firm that is professional and agreeing them that they will not breach the confidentiality and if they do that then they will compensate the company.
Coordination Issue: It is one of the major issue that the Outsourcing vendors don't frequently coordinate with the company because they have to manage other company data as well. The company and the firm must agree upon issues that must be resolved on a priority and in a defined time period.

5 0

3 years ago

Diana and Charles Windsor are considering purchasing a swimming pool. The representatives of Fun-in-the-Sun Pool arrange a meeti

Strike441 [17]

Answer:

Option B (are protected by their three-day rescission rights under Regulation Z) is correct

Explanation:

8 0

4 years ago

The following information is related to the pension plan of Sandhill, Inc. for 2021.

Rudiy27

Answer:

The correct answer is option (A).

Explanation:

According to the scenario, the computation of the given data are as follows:

Pension Expense = Service Cost + Interest on Projected Benefit Obligation + Amortization of prior service cost due to increase in benefits - Expected return on plan assets - Amortization of net gain

By putting the following value in the formula, we get

Pension Expense = $2,100,000 + $805,000 + $380,000 - $532,000 - $205,000

= $2,548,000

8 0

3 years ago

Yo Mamma Shops, Inc. can open a new store that will do an annual sales volume of $837,900. It will turn over its assets 1.9 time

solong [7]

Answer:

Net Income = $67,032

Return on assets = 0.152 = 15.2%

Explanation:

Profit Margin = Net Income / Net sales

Net Income =Profit Margin x Net sales

Net Income = 8% x $837,900

Net Income = $67,032

Asset Turnover = Net Sales / Average total assets

1.9 = $837,900 / Average total assets

Average total assets = $837,900 / 1.9

Average total assets = $441,000

Return on Assets = Net Income / Average total Assets

Return on Assets = $67,032 / $441,000

Return on Assets = 0.152 = 15.2%

5 0

4 years ago