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Zanzabum
3 years ago
11

Jen is starting a nonprofit store. She plans to sell handmade African scarves and jewelry. Which economic question(s) would Jen

still need to answer?. . For whom to produce?. . How to produce?. . What to produce? and For whom to produce?. . What to produce? and How to produce?
Business
2 answers:
Usimov [2.4K]3 years ago
3 0
I believe the answer is: How to produce ? and For whom to produce?

From the information above, we know that jen already determine the type of goods that she wanted to produce (African scarves and jewelry)

The next step that jen need to take is to determine her target consumers that might interested in the product (for whom to produce) and the most efficient way to do the production to minimize the cost (how to produce)<span />
vazorg [7]3 years ago
3 0
By the statement given above, Jen still needs to answer the question, "How to produce?". She already has answered the question, "What to produce?" which may be answered by handmade African scarves and jewelry. Additionally, she also needs to answer the question, "For whom to produce?".
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Tony borrows $1300 at an annual interest rate of 6.0%. He receives the loan on the first day of the current month and will make
Vladimir [108]

Answer:

Tony will pay interest of $6.50 as part of the first loan payment.

Explanation:

Amount of Loan = $1300

Annual Interest  = 6%

Monthly interest rate = 6% / 12 = 0.5%

Monthly Loan Payment = $57.62

Monthly installment is compromised of the interest payment on the due balance and the principal payment.

Interest payment in first installment = $1300 x 0.5%

Interest payment in first installment = $6.50

Principal portion of first installment = $57.62 - $6.50

Principal portion of first installment = $51.12

4 0
3 years ago
Entonces cualquier pregunta
maxonik [38]
Pero, ¿cuál es tu pregunta?
3 0
3 years ago
Read 2 more answers
1. Suppose that 10 years ago you bought a home for $150,000, paying 10% as a down payment, and financing the rest at 8% interest
Ierofanga [76]

Answer:

1. Down payment = $15,000

2. The existing mortgage (loan) was for $135,000

3. The current monthly payment on the existing mortgage is $990.58

4. The total interest over the life of the existing loan = $221,609.58

6. The amount of the original loan paid off is $22,319.

7. Total amount paid to the loan company over the last 10 years is $258,928.58 ($243,928.58 + $15,000)

8. Total interest paid over the last 10 years is $221,609.58

9. The equity in the home is $67,319 ($180,000 - $112,681)

10. The new monthly payments will be $675.58

11. Saving each month because of the lower monthly payment is $315 ($990.58 - $675.58)

12. Total Interest = $352,137.21 ($221,609.58 + $130,527.63)

13. It does not make sense to refinance because what is saved per month cannot compare with the additional interest expense to be incurred for prolonging the payments.

Explanation:

a) Data and Calculations:

1. Cost of a home = $150,000

10% down payment = $15,000

Existing Mortgage = $135,000 ($150,000 - $15,000)

Home Price  150000

 Down Payment  10 %

Loan Term  30  years

Interest Rate  8%

House Price $150,000.00

Loan Amount $135,000.00

Down Payment $15,000.00

Total of 360 (30 years * 12)

Mortgage Payments $356,609.58

Total Interest $221,609.58

Ten years after, the loan balance has been reduced by $22,319 ($135,000 - $112,682)

Refinancing calculations:

Home Price  112681

 Down Payment  0 %

Loan Term  30  years

Interest Rate  6

   

Monthly Pay:   $675.58 Monthly

Total Mortgage Payment $243,208.63

Total Out-of-Pocket $243,208.63

Total of 360 Mortgage Payments $243,208.63

Total Interest $130,527.63

 

4 0
3 years ago
Customer Information Programs (CIPs) use several examples to define a person opening a new account. In which scenario should the
xz_007 [3.2K]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.

While the other options are wrong because of the following reasons:

  • Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.
  • Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.
  • Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.
8 0
3 years ago
During the prior fiscal year, lindon inc. signed a long-term noncancellable purchase commitment with its primary supplier to pur
Nata [24]
In this item, since the purchase has been made and that it was due to the agreement that that said amount is paid rather than a smaller one, the element that should be taken to the journal should be $1.7 in cash out column. The money is used to pay the liability. In this manner, the corporation will not have the need to physical call on someone to explain when the numbers in the journal do not match. 
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3 years ago
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