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ki77a [65]
3 years ago
13

"A borrower obtained a $10,000 term loan with 6 1/2% interest paid yearly. A $1,000 principal reduction was to be paid with each

yearly installment. What would be the amount of the principal and interest payment for the second year?
Business
1 answer:
aleksley [76]3 years ago
6 0

Answer:

$1585

Explanation:

Interest for the first year = 6.5% of principal due at the beginning of the year

= 6.5% of $10,000

= $ 650

Principal repayment at the end of the year = $1000

Principal due at the beginning of the second year = $10,000 - $1000= $9000

Interest payable at the end of the second year = 6.5% of principal outstanding at the beginning of the second year = 6.5% of 9000

                                                                            = $ 585

Principal repayment at the end of the second year = $1000

Hence total payment at the end of the second year = $1000 + $585= $1585

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Which of the following identifies what has driven American agriculture for the past 50 years?
ozzi

Answer:

trade barriers

tariff is on imported goods

5 0
3 years ago
If you were to invest $3,500 in traditional IRA and a Roth IRA, after making adjustments for possible tax deductions, what would
patriot [66]
In a traditional IRA there is either an equal or near to equal contribution made by employer. So, if $3,500 is to be invested let's assume that another $3,500 to be invested by employer with a total contribution (of 3500+3500=7000) the net contribution would be the same as the total contribution, tax rate is not given. Let's assume tax assume tax slab of 28%. Traditional IRS-matching contribution from employer Net contribution-$3,500+3,500=7,000 Roth IRA Assumption-Tax bracket of 28% Net contribution= amount invested minus tax=$3500 minus (28% on 3500)= $3500- $980=$2520 Hence net contribution is not of taxes in case of Roth IRA Once the traditional IRA or Roth IRA is established, you decide to invest the proceeds in a mutual fund. Identify the type of mutual fund you would select.
3 0
3 years ago
This activity is important because as a manager, you should know how compensation methods are related to motivation theories. Co
kompoz [17]

Answer:

A. Merit Pay - 2. Equity Theory

B. Gain sharing 3. Goal-setting Theory: Unit-Focused

C. Piece-Rate Systems 4. Goal-setting Theory: Individual-Focused

D. Recognition Awards 1. Expectancy Theory Instrumentality

E. Lump-Sum Bonuses 5. Extrinsic Motivation

Explanation:

Employee motivation is dependent on many factors. A person may be motivated just if his work is appreciated. He feels that his work is appreciated and for this reason he is motivated to perform better. Some people consider pay rise or monetary rewards as their motivation factor. Some people finds more authority as their motivating factor. They feel motivated if they are given more challenging work and more authority.

8 0
3 years ago
Which of the following best defines a SWOT analysis? Group of answer choices
Grace [21]

Answer:

The correct option is its aim is to review internal processes independently of the external industry environment

Explanation:

The first option is wrong because it only made mention of the internal strengths and weaknesses,there is no mention of external opportunities and threats

The second option is obviously wrong as SWOT has no direct link with classifying assets as tangible or intangible.

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6 0
3 years ago
Rachel Robinson owns a small retail store in Cairo, Georgia. The following summary information regarding expectations for the mo
Andrei [34K]

Answer:

Check the explanation

Explanation:

   January  

Beginning Cash Balance                                   $1,000  

Add: Collection:    

December Sale ($5,000*10%)                           $500  

January Cash Sale                                             $6,000  

January Credit Sale ($4,000*90%)                   $3,600  

Total Cash Available a                                      $11,100  

Cash payment to suppliers b                          $24,000  

Cash deficit before financing a-b                   $-12,900  

Add: Borrowing  (Using permutation-comb.) $14,040  

                                                                                   

Less: Interest Payment                                      $-140  

$14,040*12%*1/12    

Ending Cash Balance                                        $1,000

3 0
3 years ago
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