Answer:
The highest affordable APR is 7.192%.
Explanation:
A person wants to borrow $93,000 from local bank to buy a new sailboat.
The maximum affordable monthly payment or EMI is $1,850.
The loan period is 60 months.
Suppose, monthly interest rate = r
93000 = 
At r =.6 %
Present value of loan repayment = $92984.94
At r=.5%
Present value of loan repayment = $95692.29
Through the method of interpolation,
r= .5% + ((95692.29 - 93000)/( 95692.29 - 92984.94))*(.6% - .5%)
r=.5994%
Annual interest Rate
= .5994%*12
= 7.192%.
<u>Explanation:</u>
Some of the various forms of business ownership include:
- partnership
- sole proprietorship
- limited liability company
<u>The benefits of establishing a company (limited liability company):</u>
- owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability.
- excluded from federal income taxe.
<u>The challenges:</u>
- requires high setup cost > this is not the case with sole proprietorship.
- raising capital for operations is diffficult
Answer:
The correct answer is Reviewing documentation of the work performed and reports issued.
Explanation:
Supervising staff could be a complicated and quite laborious task when not done correctly. In addition, the employee may feel observed and even intimidated.
To avoid the above, it is important to look for a better way to supervise staff, trying to avoid constant harassment to which they feel exposed. Following this helps a lot in this process:
Constant monitoring. Constant monitoring does not warrant that the supervisor does not take off from the employee like a shadow. Supervisions can be daily, yes, but that depends on the activity that is carried out and how safe the supervisor is of the training provided to the worker.
Written evaluations. These evaluations can be carried out thanks to the monitoring of the previous point (always in writing and, preferably, signed by employee and supervisor), or, they can be small tests and knowledge tests, depending on the area in which the worker performs.
The form of evaluation will always depend on the supervisor, on what he considers most effective and on the activities to be monitored and evaluated.
Write a document per employee. The file must include the following:
- The progress of each employee in the assigned projects and activities.
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The job description signed by the director / manager, direct supervisor and employee.
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There must be two goals: one original that remains in the address and a copy for the worker.
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Any evaluation in writing (regardless of deadlines, although preferably it could be monthly) that shows the worker's performance.
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Evidence of conversations between the director and supervisor about the worker's performance, duly signed and dated.
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Records of complaints from the worker to the company and from the company to the worker.
Answer:
B : In Mauer’s general ledger, the ending balances for both the Supplies account and the Accounts Payable account will be too low.
Explanation:
Supplies is an asset account, increase from debit and decrease from credit. In this cae the purchase of supplies increase the balanc but, a mistake is made and is credited thus, decreases.
Account payableis an liability account, increase from credot and decrease from debit . In this cae the purchase on account increase the balance but, a mistake is made and is debited thus, decreases.
This makes b statement correct, both are lower than it should
Correct answer choice is:
C: Wear and tear fees
____________________________________________________________
Explanation:
Wear and tear is a loss that spontaneously and unavoidably happens as a consequence of natural wear or aging. It is practiced in a legitimate connection for such fields as guarantee commitments from corporations, which normally specify that suffering from wear and tear will not be incorporated. Rental car cost levied on transport use exceeding what is deemed rational (but never defined). It customarily includes both outside damage (such as dents and scrapes) and internal deterioration (such as filling spots). Also described extreme wear and use charge.
