Answer: The Correct Answer is Sales tax.
Explanation:
Sales tax is the Tax forced by the government body during the sale of the goods and services at a retail level.
While payroll tax is the tax which is forced on the salary of the employees and this tax is forced by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.
Among the statements this is true: Attorneys and teachers have the least amount of training.
These professionals require a lot of training in their field of work because they are always in the line of question. Lawyers have to perform in and out of the court, with or without their clients in question; while teachers have to perform and act in such manner that they are always held in high regard by people around them.
Monthly payment = $1774.71
Effective annual rate = 7.02%
The equation for a loan payment is
P = r(PV)/(1-(1+r)^(-n))
where
P = Payment per period
PV = Present value
r = interest rate per period
n = number of periods
Since the 6.8% interest rate is APR, we need to divide by 12 to get the interest per month. So in the above equation r = 0.068/12 = 0.005666667, the number of periods is 48 and the Present Value is 74400. Let's plug in the numbers and calculate.
P = r(PV)/(1-(1+r)^(-n))
P = 0.00566666666666667(74400)/(1-(1+0.00566666666666667)^(-48))
P = 421.6/(1-(1.00566666666666667)^(-48))
P = 421.6/(1-0.762439412691304)
P = 421.6/0.237560587308696
P = 1774.70516
So the month payment rounded to 2 decimal places is $1774.71
The effective interest rate is
ER = (1 + r/12)^12 - 1
Let's plug in the numbers and calculate.
ER = (1 + 0.068/12)^12 - 1
ER = (1 + 0.00566666666666667)^12 - 1
ER = (1.00566666666666667)^12 - 1
ER = 1.07015988024972 - 1
ER = 0.07015988024972 = 7.015988024972%
So after rounding, the effective interest rate is 7.02%
The benefit the check writer to retain the funds until the actual withdrawal is float.
What is float?
The float is the time lag between the check being written and when the funds that need to be paid are eventually transferred from the check writer's account to the beneficiary's account.
Compared to cash or instant payment, where the cash is given to the beneficiary on the spot, the check writer has an added advantage by being allowed time to make use of the funds in the account or being able to fund his account whose balance is currently insufficient before the date written on the check when it would be presented for value.
Delayed funding means the account needs to be funded at the time of issuing the check especially if the date of value is a future date, which means it is just one of the characteristics of float.
Find out more about float on:brainly.com/question/24357323
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Answer:
a. What do I need to do?
Explanation:
Prescriptive analytics can be defined as a type of data analysis model which typically comprises of descriptive data and forecasting techniques used for identifying the decisions that are most likely to yield an optimum or best performance.
This ultimately implies that, prescriptive analytics is a data analysis model that uses optimization techniques to identify and suggest decisions with the most effective and efficient results.
For example, prescribing an automobile car that is capable of finding the best route for a road trip.
In this context, a prescriptive data analytic type such as an analysis of strategic cost management would answer a question on "What do I need to do?"
If you intend investing an amount of money on a new business that you possibly do not have so much information on how its operations and market value, you could use a prescriptive data analysis to gain an insight into what you're required to do or actions you're expected to carry out in order to succeed.
