Answer:
The monthly payment is $2184.52
Explanation:
Given
Required
Firstly, the loan amount has to be calculated
The Question says; of the total amount spent, only 60% was borrowed;
So;
The monthly payment can then be calculated using the following formula
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;
becomes
<em>Hence, the monthly payment is $2184.52</em>
The reason why the entry and exit of firms in a purely competitive industry helps to improve resource allocation is because the losses result in exit and release resources to flow to markers where there are profits.
<h3 /><h3>How can the purely competitve market be beneficial?</h3>
Purely competitive industries allow for easy entry and b which leads to many firms coming into the market.
As a result, there is too much supply which leads to losses when prices drop.
As the companies suffering losses leave the market, they then invest in other markets where there are profits thereby reallocating resources.
Find out more on resource allocation at brainly.com/question/15129284
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Available options are:
A. Simple, one-size-fits-all solutions are becoming more popular.
B. Competitive advantage is coming increasingly from knowledge, not information.
C. The overall speed of product releases is decreasing.
D. The way we work is being impacted by offshore suppliers.
Answer:
Option B and D are correct answers.
Explanation:
The reason is that the countries that are gaining on competitive advantages because of increased investment in knowledge and research and development. The companies in the country then apply that knowledge earned by the investment in the research and development and gain competittive advantage over the rival products.
This competitive advantage decides the future of the business because higher are the competitive advantages higher are the growth and profit of the business investments.
The way we are working is going to impact the offshore suppliers in terms of technology, pricing, marketing, sales and after sales services, etc all have implications on the rivals, customers, suppliers and whole of the society. The customer urges the companies to use environmental friendly operations in manufacturing of products, the company urges its suppliers and supplier urges its suppliers and likewise we have a chain of system enforcement. So yes it is true the way we work in a society affects the suppliers in the other society.
Answer:
a. Equilibrium price and equilibrium quantity to both decrease.
Explanation:
When the demand of a product decreases, it generates an excess supply at the initial price and this will generate the price to decrease. When the price goes down, suppliers are not willing to sell the same amount of products which will cause a decrease in the quantity.
Answer:
$1,645,000
Explanation:
The computation of the taxable income is shown below:
Taxable income is
= Book income + income tax expenses - muncipal bond interest + (50% × meal expenses)
= $1,200,000 + $380,000 - $10,000 + ($150,000 × 50%)
= $1,645,000
We simply recognized only 50% of meal expenses and with the help of above items we calculated the taxable income
