Answer:
Shannon qualifies for a federal student loan and plans to pursue a degree program at an out-of-state school. Which action will help Shannon reduce the cost?
Shannon needs to apply opportunity cost which entails giving priority to the most important among the choices available, it is expedient of Shannon to apply for the loan and pursue a school within reach where the cost is minimal within the state rather than out of state school which would cost more.
Explanation:
According to the cost of poor quality, this cost belongs to Internal failure cost which is associated with product failures.
What is Internal failure costs?
Internal failure costs are quality expenses related to product defects found before a product leaves the facility. The firm's internal inspection procedures help identify these shortcomings. Failure analysis activities, product rework expenses, product scrapped, and throughput lost are a few examples of internal failure costs. Internal failure costs result from defects found prior to delivery. These cover all expenses incurred as a result of failing to satisfy both internal and external consumers.
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Answer:
Yes
Explanation:
Yes, in such a situation the promise must be written and signed by both parties in order for it to be enforceable. This is mainly due to the fact that the promise is being made for circumstances regarding a third individual which therefore makes this a Collateral promise. Collateral Promises must be written and signed in order for it to take effect and protect all parties involved from backing out of the contract, which doing so would be considered fraud.
Answer:
£.0.6875 per USD
Explanation:
PPP stands for purchasing power parities. It is actually the rate of currency conversion.
As per the given information, the price level recently increased by 20% in England while falling by 5% in the United States, so the net increase in the U.S. dollar would be (20+5)=25%.
This can be taken as that now 20% more pounds shall be needed to purchases the same U.S. goods.
Hence the new exchange rate would be:
= 1.25 x £0.55/$1 = £.0.6875 per USD
Based on the selling price, the coupon rate, and the period, the yield to maturity will be <u>7.2%. </u>
<h3>What is the yield to maturity?</h3>
This can be found using a financial calculator or Excel worksheet.
Face value = 95% x 1,000
= $950
Coupon amount = 1,000 x 6% / 2 semi annual periods per year
= $30
Period = 5 years x 2
= 10 semi annual periods
Yield to maturity is = 3.6%
Annual yield to maturity:
= 3.6% x 2
= 7.2%
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