Answer:
It decreases the interaction of humans. It also blurs work and personal life. It also create difficulties in demonstrating workload. It enables technology to get in the way.
Explanation:
Generally, the applications of telecommunication and devices are accompanied by both positive and negative effects. It makes communication easy and transfer of information efficient. There are also negative effects of the use of telecommunication as outlined in the answer section above.
Answer:
1) The monthly payments if the mortgage is 30 years will be $2,270
2)The monthly payments if the mortgage is 15 years will be $3,267
Explanation:
The house is worth 500,000, John pays 100,000 down payment which means that 400,000 payment is left. We need to find out that if the present value of the payment is 400,000 then what will the monthly payments be for 30,000 in order to have a present value of 400,000.
The Present value is 400,000, the interest rate is 5.5% but because the payments are monthly we will divide it by 12 (5.5/12=0.458). The Number of compounding periods will be the number of months in 30 years so N = 30*12=360. The future value is 0 as there is no lump sum payment at the end.
We input the following information in a financial calculator in order to find the the payment.
PV= 400,000
FV=0
N=360
I=0.458
Compute PMT=2,270
Now in order to find the payments for a 15 year mortgage we will replace n=360 with n=15*12= 180.
PV= 400,000
FV=0
N=180
I=0.458
Compute PMT=3,267
Answer:
Yes, other countries probably have a comparative advantage in the production of rice.
Explanation:
Comparative advantages are given by the opportunity costs of producing one product instead of another. In this case, the opportunity cost of producing rice in China has increased due to higher prices of fruits and vegetables.
The costs of producing a certain good are not only labor costs, but they also include capital and land costs. It is possible that other Asian countries have lower labor costs than China and therefore have comparative advantage in the production of rice. But even countries were labor is more expensive can also have a comparative advantage in the product of rice due to lower capital and/or land costs.
Answer:
Break-even point= 110,000 units
Explanation:
Giving the following information:
Hurly Co. has fixed costs totaling $165,000. Its unit contribution margin is $1.50.
The break-even point in units is the number of units required to cover for the fixed and variable costs.
To calculate the break-even point in units, we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 165,000/1.5= 110,000 units