Answer:
One bank has offered a simple interest loan of 10% that requires monthly payments. The loan principal will be paid back at the end of the year.
to calculate the monthly payment we must use the present value of an annuity formula:
monthly payment = principal / ({1 - [1 / (1 + r)ⁿ]} / r)
monthly payment = $500,000 / ({1 - [1 / (1 + 0.008333)¹²]} / 0.008333) = $43,957.94
THIS OPTION IS BETTER BECAUSE MONTHLY PAYMENTS ARE LOWER
Another bank has offered 7% add-on interest to be repaid in 12 equal monthly installments.
amount of principal paid per month = $500,000 / 12 = $41,666.67
amount of interest paid per month = ($500,000 x 7%) / 12 = $2,916.67
total monthly payment = $44,583.34
The correct answers are
While completing a task with his teammates, Alfred has some solutions he wants to propose...Language barrier
Terri has been asked to train Sandy, a new employee, to interact with customers at the bank...Prejudice
Paul has been working under a male manager for the last three years. His manager is now being replaced ...Resistance to change
Explanation:
Diversity in language, norms, beliefs, etc. can lead to multiple challenges such as communication or understanding challenges. In the case of the language barrier, this occurs when people speak languages or dialects, and this leads to misunderstandings and communication issues. This occurs in the first case because Alfred cannot communicate successfully with his teammates since he cannot explain his ideas in English.
On the other hand, prejudice occurs when individuals have biased ideas about people based on race, age, preferences, etc. This often leads to discrimination and negative attitudes. This can be seen in the second case because Terri assumes customers will not be comfortable interacting with a new employee just because of her race, which is a biased and unsupported idea.
Finally, resistance to change occurs if individuals perceive changes as negative, and therefore they are afraid or reluctant to new things. This occurs in the third case because Paul does not want to have a female manager, and even considers leaving his job just because there was a change in the manager.
Answer:
$116,000
Explanation:
The computation of the allocated cost of the land is shown below:
= Purchase value of property × office appraised value ÷ Total appraisal value
= $580,000 × $150,000 ÷ $750,000
= $116,000
The total appraisal value would be
= Appraisal value of office furniture + appraisal value of building + appraisal value of land
= $150,000 + $480,000 + $120,000
= $750,000
Answer: Option C
Explanation: In simple words, reference groups refers to the entity which directly or indirectly impacts the view of the costumers regarding a particular commodity or section of that particular commodity.
There are three types of reference groups which are as follows informative, utilitarian and expressive. Producing entities of the composites conspires such groups as of high importance because their influence and opinions can bring such producers heavy market share.
Consumers rely heavily on such sources and generally follow the perceptions that are made by such groups. Hence from the above we can conclude that the correct option is C.
Answer:
1) Product has more demand.
2) Competition.
3) Buying pattern of the consumer.
4) Economic Enviroment
5) The Governments Policy
Explanation:
Some main factors of pricing up a product.
