Answer:
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)
and monthly payments (12 per year)?
Compare the annual cash outflows of the two payments.
- total semiannual payments per year = $2,820.62 x 2 = $5,641.24
- total monthly payments per year = $531.13 x 12 = $6,373.56
Why does the monthly payment plan have less total cash outflow each year?
- The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)?
- $2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)
Explanation:
cabinet cost $25,000
interest rate 10%
we can use the present value of an annuity formula to determine the monthly payment:
present value = $25,000
PV annuity factor (5%, 12 periods) = 8.86325
payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62
present value = $25,000
PV annuity factor (0.8333%, 60 periods) = 47.06973
payment = PV / annuity factor = $25,000 / 47.06973 = $531.13
Answer:
Total cost of Ticket = $96
Explanation:
Provided information,
Total number of people buying lottery ticket in a joint contribution = 10
Two people withdraw being short of funds, therefore people buying such ticket = 8
Revised share increase by $2.40 each.
Total increase = $2.40 
8 = $19.20
Just because 2 people withdraw, thus earlier contribution per person = $19.20/2 = $9.60
Therefore, total cost of ticket = $9.60 10 = $96
Answer:
The ethical issues here are :-
Discrimination. One of the biggest ethical issues affecting the business world in 2020 is discrimination. ...
Harassment. ...
Unethical Accounting. ...
Health and Safety. ...
Abuse of Leadership Authority. ...
Nepotism and Favoritism. ...
Privacy. ...
Corporate Espionage
Digital Divide:
The digital divide is nothing but a term that refers to the gap which usually exist between individuals who have the capacity to access communication technology,modern information and those who lack such access.
Solutions for Digital divide:
- Increase affordability.
- Empowering users.
- Improve the relevance of online content.
- Internet infrastructure development.
Increasing affordability:
One of the main cause for the increase in the rate of individuals who lack access to internet is due to its high rate of affordability. Internet Taxes, Electricity rates must be made less and Government must help them through various digital tools.
Empowering users:
Most of them fail to realize the full use of Internet and its information. Empowering the internet users and making them realize the true potential of Internet technology can help them access it easily.
Improve the relevance of online content:
Most of the individuals can't use internet because they can't find content, online services ,web and mobile applications in their language which they can understand. Thus improving the relevance of Online content by making availability for all possible languages can sort the gap of digital gap.
Internet infrastructure development:
Lack of Infrastructure can also reduce the rate of individuals accessing internet. Thus by increasing the infrastructure can reduce the gap between Digital divide
