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3 years ago

7

A person who is highly knowledgeable or skilled in a particular domain, such as physics, anesthesiology, or teaching is best des

cribed as a(n)

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kaheart [24]3 years ago

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Expert in this field

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Max's Kennels spent $220,000 to refurbish its current facility. The firm borrowed 60 percent of the refurbishment cost at 5.95 p

Jlenok [28]

Answer:

The monthly payment is $2184.52

Explanation:

Given

$Total\ Amount\ Spent\ = $220,000$

$Amount\ Borrowed = 60\%$

$Rate = 5.95\%$

$Duration = 6\ years$

Required

$Monthly\ Payment$

Firstly, the loan amount has to be calculated

The Question says; of the total amount spent, only 60% was borrowed;

So;

$Loan = 60\%\ of\ 220,000$

$Loan = 132,000$

The monthly payment can then be calculated using the following formula

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$

Where P = Loan Amount = 132,000

r = rate of payment = 5.95% = 0.0595

n = duration (in month)

n = 6 years

n = 6 * 12 months

n = 72 months;

Substitute the above parameters in the formula;

$Amount = P * \frac{r}{12} * \frac{(1 + \frac{r}{12})^n}{(1 + \frac{r}{12})^n - 1}$ becomes

$Amount = 132,000 * \frac{0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = \frac{132,000*0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = \frac{132,000*0.0595}{12} * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1 + \frac{0.0595}{12})^{72}}{(1 + \frac{0.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(\frac{12.0595}{12})^{72}}{(\frac{12.0595}{12})^{72} - 1}$

$Amount = 654.5 * \frac{(1.0049583)^{72}}{(1.0049583)^{72} - 1}$

$Amount = 654.5 * \frac{1.42777239524}{1.42777239524 - 1}$

$Amount = 654.5 * \frac{1.42777239524}{0.42777239524}$

$Amount = 2184.51925155$

$Amount = 2184.52\ (Approximated)$

<em>Hence, the monthly payment is $2184.52</em>

3 0

2 years ago

The study of the interaction between individuals and businesses is known as.

Dahasolnce [82]

The study of the interaction between individuals and businesses is known as microeconomics.

<h3>What is microeconomics?</h3>

Microeconomics refers to the study of an individual, households the behavior of the firms or organizations in the process of decision making and resources allocation.

It is the study of the outcome, what will come out when an individual changes his or her choices in the response of change in the price, resources and production method.

Basically, microeconomics examines how a firm can maximize its production by minimizing its price for better competition.

Learn more about the microeconomics here:-

brainly.com/question/13120341

#SPJ1

3 0

1 year ago

An advertisement in a trade magazine targeted toward veterinarians urges them to prescribe the drug Hepato for cats and dogs wit

suter [353]

Answer:

push strategy

Explanation:

Push strategy -

It is the strategy , in which the company tries to take the products to the consumers .

The focus of push strategy , is to push the products to the consumer via new and active methods , and thereby increasing the sales of the company .

It is also called as the push promotional strategy .

<u>as , the company takes the products to the consumers , by the following ways - </u>

Point of Sale displays

direct selling at the showrooms

attractive packaging .

4 0

3 years ago

The two-step flow supports the notion that consumption styles are primarily influenced by a "trickle-down" or "trickle-up" effec

Sedbober [7]

Answer: False

Explanation:

The two-step communication is used in situations to explain that messages should be directed by the mass communicators to opinion leaders. Once this is done, the opinion leaders will then deliver such messages to other people.

The the notion that consumption styles are primarily influenced by a "trickle-down" or "trickle-up" effect from mass media is wrong.

3 0

2 years ago

What does the term stability mean in the context of the reliability of a research study?

Diano4ka-milaya [45]

Answer:

The term stability in the context of reliability of a research study means that the degree to which the result of the research study is stable over a period of time.

Certain times the study is disregarded because it is no longer reliable and does not serve the present situation. If a research study is still valid throughout multiple time zones, specifically when it is being used in a different study, it is said to have a higher reliability index and can be trusted.

5 0

2 years ago