Nick paid $ 1609.57 more than Miles.
Since Miles and Nick each separately apply for and receive loans worth $ 5,000 apiece, and Miles has an APR of 7.75%, compounded monthly, while Nick's has an APR of 13.10% interest, compounded monthly, if both of them repay their loans over a four year period, making equal monthly payments based on their own loan, to determine how much more will Nick have paid than Miles, the following calculation must be performed:
- 5000 x (1 + 0.0775 / 12) ^ (4x12) = Miles
- 5000 x 1.0064583 ^ 48 = Miles
- 5000 x 1.3620 = Miles
- 6810.33 = Miles
- 5000 x (1 + 0.1310 / 12) ^ (4x12) = Nick
- 5000 x 1.010916 ^ 48 = Nick
- 5000 x 1.6839 = Nick
- 8419.90 = Nick
- 8419.90 - 6810.33 = 1609.57
Therefore, Nick paid $ 1609.57 more than Miles.
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Answer: Option B
Explanation: Cultural relativism refers to the belief that ethical or moral frameworks are all equally legitimate, differing from society to society, and no particular framework is actually"better" than other system.
This is predicated on the phenomenon that there is no universal definition of positive or negative, so any decision of correct or incorrect is a societal thing.
Each and every viewpoint on ethics or morality is thus signatory to each individual's cultural point of view. In the final analysis, this implies that no ethical or moral system can be deemed the "best" or "bad" and that no specific moral or ethical situation can be judged "appropriate" or "incorrect."
Have you gotten the anwser? I been trying am so sorry I can’t get it
Options:
a. Fall
b. Shift the long-run aggregate supply curve to the right
Answer:
b. Shift the long-run aggregate supply curve to the right
Explanation:
Indeed, in the long run the aggregate supply or the number of available unemployed workers in the economy would increase, due to an increase in the number of those looking for jobs, since they stand to get reduced unemployment benefits.
This change would be clearly visible if plotted on a labor supply graph. In a sense, the unemployed no longer want to remain unemployed because of reduced unemployment benefits.
Answer:
Answer for the question
Head-First Company plans to sell 4,400 bicycle helmets at $78 each in the coming year. Unit variable cost is $45 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals $50,300 (includes fixed factory overhead and fixed selling and administrative expense).
Refer to the list below for the exact wording of text items within your income statement.
Amount Descriptions
Operating income
Operating loss
Sales
Total contribution margin
Total fixed expense
Total variable expense
1. Calculate the number of helmets Head-First must sell to earn operating income of $94,900.
helmets:
2. Check your answer by preparing a contribution margin income statement based on the number of units calculated. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement.
Head-First Company
Contribution Margin Income Statement
Based on Helmets Sold
1.Sales
2.Total Revenue Expense
3.Total Contribution margin
4.Total fixed expense 50,300
Is given in the attachment.
Explanation:
