Answer:
27%
Explanation:
The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:
i=(1+(r/m))^m−1
i= effective annual rate
r= interest rate in decimal form=0.24
m=number of compounding periods per year= 52 (a year has 52 weeks).
i=(1+(0.24/52))^52-1
i=1.27-1
i=0.27
According to this, the answer is that the actual rate being charge on these loans is 27%.
Answer:
Follow his lead and address him formally
Explanation:
If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.
Answer:
False
Explanation:
The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.
This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).
Answer:
The correct answer is $720 in Year 1 and $240 in Year 2 Next.
Explanation:
According to the scenario, the given data are as follows:
Loan Amount =$16,000
Rate of interest = 6%
Time period for first year (Apr - Dec) = 9 months
Time period for second year ( Jan - Mar) = 3 months
So, we can calculate the amount of interest by using following formula:
For first year:
Amount of interest (1st year) = $16,000 × 6% × 9 ÷ 12 = $720
Amount of interest (2nd year) = $16,000 × 6% × 3 ÷ 12 = $240
Answer:
To ensure that the outsourcing initiative succeeds, even as personnel, business needs, and operating conditions change
Explanation:
Outsourcing
This is simply regarded as a form of an arrangement through which one company in contact with another organization mainly to give or provide services that ordinarily could be provided by company employees.
Reasons why organizations outsource
1. To cut costs
2. To improve focus
3. To upgrade capabilities and services
4. Fasten or accelerate time to market etc.
There are several issues associated with outsourcing. They includes:
1. There is the problem of decreasing employee Morale
2. Quality problems
3. Legal issues
3. Negative impact on customer relationships and satisfaction
4. Data security and integrity issues etc.
The objective of outsourcing is to save money and/or provide better service. It aim to lessen or free up development staff to cutoff peaks and valleys in the staffing cycle.
