Answer:
Loan forgiveness is a program in which student loans are all or partly written down, as long as a candidate fulfills certain requirements. In nations where students must finance their education with student loans, loan forgiveness programs are designed to help make college more accessible for people who are willing to do a little bit of extra work.
Add on method is
A method of calculating interest whereby the interest payable is determined at the beginning of a loan and added onto the principal. The sum of the interest and principal is the amount repayable upon maturity.
The interest is
I=10,000×0.08×(36÷12)=2,400
Add the interest to the principle
2,400+10,000=12,400
Monthly payment is
12,400÷36months=344.44
Answer: . liquidity ratios
Explanation:
Liquidity ratios : These are the ratios that measure the capability of a company to meet its short term debt commitments .They show the number of times the short term debt obligations are covered by the cash and liquid assets. The following are examples of liquidity ratios
a) current ratio
b) cash ratio
c) quick ratio
d) working capital ratio .
Current ratio : This ratio juxtapose current assets to current liabilities.
Cash ratio : This ratio juxtapose just cash and investments which are readily convertible to current liabilities.
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In a free market economy, the law of supply and demand, rather than a central government, regulates production and labor. Companies sell goods and services at the highest price consumers are willing to pay while workers earn the highest wages companies are willing to pay for their services.
Answer:
$320,000
Explanation:
Given that,
Planning to sell hammers = 200,000
Selling price per unit = $8
contribution margin ratio = 20%
At break even, Fixed costs = Contribution margin
Therefore,
Contribution margin ratio:
= (Planning to sell hammers × Selling price per unit) × contribution margin ratio
= (200,000 × $8) × 20%
= $320,000
Thus,
Fixed costs = $320,000
