<u>Calculation of period of the loan:</u>
It is given that The loan amount is $6,071 and the annual interest rate is 8%, that means the interest for one year shall be $6,071*8% = $485.68.
Now we are given that the total interest paid is $1,700. The time period of the loan can be calculated by dividing the total interest by the annual interest amount. Hence the period of the loan shall be = 1700 / 485.68 = 3.5 Years.
Hence he had the loan for <u>3.5 years</u>.
Answer:
The 3 reasons the Lean Canvas model is can be advantageous for entrepreneurs is described below in detail.
Explanation:
Lean Canvas is a preparation process that supports you to get to the center of your approach. It puts everyone on one sheet, supporting you to set out the essential information that you require, without any of the extraneous items. It substitutes elaborate business strategies with a single-page business design.
Answer:
Antidumping duty
Explanation:
Dumping occurs when manufacturers decides to export products to other countries at prices below their cost of production. This is what is happened in this scenario. In trying to combat dumping, the importing country may impose antidumping duty.
Now antidumping duty involves putting a tariff on imported goods that are believed to be sold at prices lower than production cost. By increasing their tariffs, it is expected that the exporters in turn increases the prices of the goods they are exporting.
Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies
Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.
It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.
From the above explanation we can conclude that the correct option is A.
Answer: The answer is Yes. This is because you have a choice to accept or decline.
