In a situation in which Samuel's application for a loan to purchase a new car was denied, he can do several things:
1. Ask why he was denied. What thing lead to this situation?
2. If he made a mistake in the application, he should correct it.
3. And if not , for example if the denial is due to poor credit report, Samuel should get a free copy of his report from any of three major credit reporting agencies and get a second opinion.
4. And finally if this also does not work he should apply for a new loan.
Answer:
Margin of safety= $2,651
Explanation:
Giving the following information:
Awanita Enterprises sells computer flash drives for $ 2.41 per unit. Unit variable cost is $ 0.07. The breakeven point in units is 3,400, and expected sales in units are 4,500
Margin of safety= 4,500*2.41 - 3,400*2.41= $2,651
The government has various reasons for this. first of all, when the living standards are raised, the people will have more disposable income. this allows the people to start buying goods hence the demand will increase. when the demand increases, more tax may also be collected and more supply may be created...this creates jobs as well.
also, an increase in living standards will mean more happy people. this will increase their productivity hence production is increased which can increase amount of tax collected or even increase supply hence make goods cheaper overally.
last but not least, this will help in improving the health and nutrition of the people as less people will be sleeping hungry and less people will be falling sick. this will allow the government to reduce its spending on the health amenities so that money could be used somewhere else.
Answer:
$413.73
Explanation:
The amount that i will pay per month for the period of 10 years in order to paid the debt of the $40,200 shall be determined through the present value of annuity formula which is given as follows:
Amount borrowed by me=present value of annuity=R[(1-(1+i)^-n)/i}
In the given question
Amount borrowed by me=present value of annuity=$40,200
R=amount to be paid per month
i=interest rate compounded monthly=4.35/12=0.3625%
n=number of payments involved=10*12=120
Amount borrowed by me=present value of annuity=R[(1-(1+i)^-n)/i]
$40,200=R[(1-(1+0.3625%)^-120)/0.3625%]
R=$413.73
