Answer:
$29,750
Explanation:
Since the Annual Payments of $53,343 are all equal for the period of 10 years at 8.5% installment note, therefore we Simple interest formula here to calculate the interest amount;
I = Prt
P = Principal Amount = $350,000
r = Interest Rate = 8.5%
t = time = 10-year
I = Interest = 350,000 x 0.085 x 10 = 297,500
Hence, the first annual payment of interest expense will be:
= 297,500 / 10 = $29,750
Answer:
The correct answer is C
Explanation:
Consumer products classification system is a system or a model which is presented in the most of the principles of marketing in the product mix. This model simplifies the consumer products into 4 categories.
So, the factor of marketing mix which will convenience product is the one which has the long channel of distribution, as it will help in reaching the product to the buyer.
The brain and the spinal cord are covered by the central nervous system.
Answer:
6.2%
Explanation:
The instrinsic value of the company's preferred stock can be determined as the sum of all discounted dividends. The cashflow pattern of preferred shares is similiar to perpetuity.
Preferred share price = CF/(1 + Cost of preferred stock) + CF/(1 + Cost of preferred stock)^2 + ... + CF/(1 + Cost of preferred stock)^n, or reduced form as
= CF/Cost of preferred stock
Putting all the number together, we get:
96 = 5.95/Cost of preferred stock, or Cost of preferred stock = 6.2%
Answer:
The answer is Aidan is meeting with his advisor to select his courses based on his career.
Explanation:
A mentee is a person who is groomed, guided and trained by an expert or a mentor to become successful in what they do. This could be in thee field of sports, Business, administration, etc.
Most of the time, mentor guides the mentee to make decisions and to take correct decisions at the right time. It is somewhat different from what a teacher does and a mentor most of the time deals with real life scenarios and pracrical situations to give a better understanding to the mentee of the world and issues. It is more like advising.
