Answer:
Explanation:
The cost of the car = $40,000
Down payment = $5,000
Therefore loan amount on the car = Cost of the car - Down payment
= $40,000 - $5,000
= $35,000
But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount
Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100
Now we can use PV of an Annuity formula to calculate the monthly payment of car loan
PV = PMT * [1-(1+i) ^-n)]/i
Where PV = $37,100
PMT = Monthly payment =?
n = N = number of payments = 60 months
i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month
Therefore,
$37,100 = PMT* [1- (1+0.005)^-60]/0.005
PMT = $37,100/51.72
= $717.38
Therefore correct answer is option A. $717.38
<u>Brenda will advise the new employees to avoid interpreting in another's actions until you know the full story</u>
Explanation:
As mentioned in the question that Brenda is a employee orientation trainer for a global corporation and she is asked to address the new recruits and to convey information that will help them in communicating across the culture.
Brenda's advise on dealing with individuals of other culture is that one should not have pre conceived notion about an individual or their culture and in case of a conflict one should not act in a bias manner rather should display the patience of listening to the story from both the ends and then arrive at a conclusion.
so it can be said that <u>Brenda will advise the new employees to avoid interpreting in another's actions until you know the full story</u>
Answer with Explanation:
The questions are related to "premiums" and "co-pays."
Insurance "premiums" are payments to the policy. This can be paid on a <em>monthly, semi-annual or annual basis.</em> So, this means it doesn't only cover monthly payments. This also means that a person who is availing of this will be charged according to the insurance policy.
"Co-pay" is a fixed payment for treatment. This means that the amount of money a person will pay is<em> "specified"</em> and is often given during the<u> time of service</u>. So, this is not only a payment to the doctor because<em> it can be charged once a patient visits a doctor or buys a prescription drug.</em>
So, this explains the answers.
Answer:
For efficiency, <u>3 haircuts</u> should be given.
Only three haircuts should be given because only 3 firms have costs that are lower than the customer whose hair they are to cut.
Firm A's cost is less than Kyoto's willingness to pay so Firm A can cut.
Firm B's cost is more than Rina's willingness to pay so Firm B should not cut.
Firm C's cost is less than Jacques's willingness to pay so Firm C can cut.
Firm D's cost is less than Musashi's willingness to pay so Firm D can cut.
That makes only 3 firms that can cut therefore 3 haircuts.
The business that should cut as shown above are:
