Answer:
The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.
Explanation:
if the rent is paid at the beginning of the month, the present value of the lease contract will be:
PV = monthly rent x PV annuity due factor
we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568
if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor
the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287
assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57
the PV of an ordinary annuity = $2,256.29
the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%
<span>account number
social security number</span>
Answer:
D. None of the above.
Explanation:
When there's a change in demand, the demand curve shifts and only quantity demanded changes- it either increases or reduces but price doesn't change. A change in demand is caused by factors that affect a consumer's demand for a good other than the price of the commodity.
Some of the factors that cause a change in demand include:
1. Change in income
2. Change in taste
3. Season
When there's a change in supply, the supply curve shifts and quantity supplied changes but there's no change in price. Change in supply is caused by other factors that affect supply other than price.
Based on implicit leadership theory, Employees have leadership prototypes, which they use to "<u>decide whether a leader is effective based on their perception of how the leader should look and act."</u>
<h3>What is Leadership Prototype?</h3>
Leadership Prototype generally occurs when people evaluate or assess a leader's effectiveness.
Leadership prototypes are implicit leadership whereby individuals use the cognitive indication of an actual or abstract leader believed to possess all leaders' attributes.
Hence, in this case, it is concluded that the correct answer is to "<u>decide whether a leader is effective based on their perception of how the leader should look and act."</u>
Learn more about the Leadership prototype here: brainly.com/question/9772602
