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ki77a [65]
3 years ago
6

Jake accepted a management trainee position at opelika resorts, a real estate development company. corporate management believes

jake has potential to move into a top management position within the organization. they have begun assigning jake to a different department every few months so he can obtain the broad perspective needed by top managers. this company is using ______________ to develop jake's management skills.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

This company uses job rotation. It is the organized movement of staffs and personnel from one job to a different job inside the organization to attain numerous human resources purposes. For instance positioning new employees, improving career development teaching employees, and stopping job dullness or exhaustion.

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Jim has an annual income of $180,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners i
MariettaO [177]

Answer:

$787,471.02

Explanation:

Given:

Jim's annual income = $180,000

Monthly property taxes = $140

Monthly homeowners insurance = $70

Monthly student loan payments = $178

Maximum front end DTI limit = 28%

Maximum back end DTI limit = 36%

Amortizing period = 30 years = 360 months

annual rate = 4.5% compounded monthly

Now,

Monthly salary = \frac{\textup{Annual income}}{\textup{12 months}}

or

Monthly salary = \frac{\textup{180,000}}{\textup{12 months}}

or

Monthly salary = $15,000

Maximum front end DTI limit

= (Maximum Monthly loan payment + monthly property taxes + monthly homeowner's insurance) ÷ Monthly income

0.28 × $15,000 = Maximum Monthly loan payment + $140 + $70

Maximum Monthly loan payment = $4,200 - $140 - $70

= $3,990

and,

Maximum back end DTI limit =

or

0.36 × $15,000 = Maximum Monthly loan payment + $140 + $70 + $178

or

Maximum Monthly loan payment = $5,400 - $140 - $70 - $178

= $5,012

Now,

The monthly payment = minimum of [ $3990, $5012 ]

therefore,

The monthly payment = $3,990

Thus,

The maximum amount of loan = Monthly payment × [\frac{(1-(1+\frac{r}{k})^{-kn})}{(\frac{r}{k})}]

here,

k = 12 when compounded monthly

n  = 30 years

r = 4.5% = 0.045

The maximum amount of loan = $3,990 × [\frac{(1-(1+\frac{0.045}{12})^{-12\times30})}{(\frac{0.045}{12})}]

or

The maximum amount of loan =  $787,471.02

8 0
3 years ago
Miguel is doing a research paper on new york city's stonewall riots of 1969. he visits the scene of the riots, interviews people
emmasim [6.3K]
In this case, miguel is conducting a: <span>Case Study 
Case study refers to a research that measures a development of a particular individual or social group within a certain period of time. This type of research is really useful to understand how a social phenomenon happened and shaped from the scratch
</span>
4 0
3 years ago
Each general partner in a limited partnership _______. (choose two correct answers)
Natalija [7]

Each general partner in a limited partnership has personal liability

<h3>What is personal liability?</h3>

Personal liability insurance, often known as "comprehensive personal liability (CPL) insurance," is a part of a homeowners insurance or umbrella insurance policy that guards you and members of your household against claims stemming from injuries and damage to other people's property. It protects you from having to pay hefty sums out of pocket if you are found to be accountable for something bad that occurs to a third party.

Your personal liability insurance protects you from lawsuits stemming from injury to others and property damage.

Personal liability insurance is available independently, even though it is frequently included in a homes policy.

To learn more about personal liability from the given link:

brainly.com/question/16059229

#SPJ4

7 0
1 year ago
Home depot, a large home improvement retailer, used research to learn that 25 percent of the time when customers bought a drill,
bagirrra123 [75]
This technique is called data mining.
5 0
3 years ago
An amendment to the texas constitution requires a balanced budget. This means that _____.
marissa [1.9K]

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

#SPJ9

4 0
2 years ago
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