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maw [93]
2 years ago
15

Before taking out a loan, you should ask yourself whether you can meet all of your essential expenses and still afford the month

ly loan payments. This can be determined by
Business
1 answer:
sineoko [7]2 years ago
8 0

Answer:

Adding up basic monthly expenses and subtracting this total from take-home pay, plus trying to find out ways or figuring out what to give up to make the monthly loan payment.

Explanation:

A loan is simply a borrowed money that must be repaid at a certain point in time.

Before taking out a loan, it is better you ask yourself some questions like the reason for the loan collection, how much am i earning and willing to set aside for the loan repayment and will it be monthly and other questions.

You might be interested in
You purchased 250 shares of a particular stock at the beginning of the year at a price of $68.12. the stock paid a dividend of $
aniked [119]

Answer:

$9.18

Explanation:

Return on Investment is the actual profit / gain received on investment. In case of Investment in the stock the dividend and price appreciation is included in the return.

We will calculate the return on the investment in accounts.

Return = Dividend Received + ( Market Price of Stock - Initial price )

Return = Dividend Received + ( Market Price at the end of the year - Price at the beginning of the year )

Return = $0.85 + ( $76.45 - $68.12 )

Return = $0.85 + $8.33

Return = $9.18

5 0
3 years ago
Box Elder Power Company expects to operate at 85% of productive capacity during May. The total manufacturing costs for May for t
olga nikolaevna [1]

Answer:

The unit cost below which Box Elder Power Company should not go in bidding on the government contract is $9.30

Explanation:

Box Elder power company produced 40,000 batteries in the month of May

Total Direct materials = $240,000

Total Direct labor = 100,000

Total Variable factory overhead = 32,000

Total Fixed factory overhead = 150,000

Total manufacturing costs = $522,000

So only relevant costs are:-

Direct Material per unit = $240,000 ÷ 40,000 = $6 0

Direct Labor per unit = $100,000 ÷ 40,000 = $2.5 0

Variable Factory OH per unit = $32,000 ÷ 40,000 = $0.8 0

Therefore total overhead = $9.3 0

8 0
3 years ago
When making investments, your primary motivation should be:
hichkok12 [17]
Is the simple desire to help one another
5 0
3 years ago
Read 2 more answers
Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your li
gregori [183]

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

3 0
2 years ago
In the case of snack corp, when the price they sell their product at is _______ average cost of production, profits are ______ d
antiseptic1488 [7]

In the case of snack corp, when the price they sell their product at is <u>below</u> the average cost of production, profits are <u>negative</u> due to<u> </u><u>negative</u> average profit.

Average profit is defined as total profit divided by performance, or total profit for each period divided by a number of periods. The formula for calculating average profit is Average Revenue - Average Cost = Average Profit.

But in general, small businesses have healthy profit margins between 7% and 10%. However, be aware that certain companies may have lower profit margins. B. A retail or food company. This is because overhead costs tend to be high. Average profit is calculated by dividing the total profit for the year by the number of years of profit.

Learn more about Average profit here: brainly.com/question/26215194

#SPJ4

5 0
1 year ago
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