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4 years ago

Samuel applied for a loan to purchase a new car. his application was denied. what should he do now?

1 answer:

3 0

In a situation in which Samuel's application for a loan to purchase a new car was denied, he can do several things:
1. Ask why he was denied. What thing lead to this situation?
2. If he made a mistake in the application, he should correct it.
3. And if not , for example if the denial is due to poor credit report, Samuel should get a free copy of his report from any of three major credit reporting agencies and get a second opinion.
4. And finally if this also does not work he should apply for a new loan.

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A manufacturer has modeled its yearly production function P (the monetary value of its entire production in millions of dollars)

Vinvika [58]

Answer: P(120,30)= $1,218,365.5

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million.

Explanation:

The Cobb-Douglas production function expresses the technological relationship between two inputs (labour and capital).

Since

P(L,K)=1.47L^0.65 K^0.35 (equation 1)

we simply substitute L=120,000 and K=30,000,000 into equation 1.

Thus, P(120,30)= 1.47(120,000)^0.65 (30,000,000)^0.35

(Recall that L is in thousand of hours and K is in millions of dollars).

P(120, 30)= 1.47(2002.02)(413.99)

Thus, P(120,30)= 1218365.475

P(120,30)= $1,218,365.5

P(120, 30)= $1.2 million

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million

7 0

3 years ago

Today is date 0. In 10 years, you plan to retire and buy a house in Norman, OK. In terms of a time line, you will retire at the

Marianna [84]

Answer:

$20,441.67

Explanation:

the present value of your house is $200,000, its future value = $200,000 x (1 + 5%)¹⁰ = $325,778.93

you can earn a 10% annual interest rate for 10 years, that means that we can use a future value of an annuity factor = 15.937

your annual investment = future value of the house / annuity factor = $325,778.93 / 15.937 = $20,441.67

6 0

3 years ago

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,

Romashka-Z-Leto [24]

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

Explanation:

Certain points that are to be kept in Mind when writing a Condolence Messages are:

Don't unintentionally say the wrong thing in a sympathy message
The Condolence message should be short and crisp
In the message try to recall a funny memory of the deceased.
In the message ,you should not simply sign rather mention your full first and surname.
Don't mention any financial obligation of the deceased or offer any financial help
Don't try to offer any other help like cooking a good meal

Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

3 0

4 years ago

_______ planning develops alternative courses of action that may be used in a specific situation when things do not go according

AleksandrR [38]

Pre- is probably the answer, I’m sorry if it’s wrong.

5 0

3 years ago

Ford Motor Company has issued 8% convertible debentures, convertible at a 10:1 ratio. Currently the debenture is trading at 94.

Dafna1 [17]

Answer: $100

Explanation:

Sometimes Debt instruments like Debentures and Bonds are convertible to shares in the company.

To calculate the Conversion Price, the following formula is used;

= Par Value / Conversion Ratio

= 1,000/10

= $100

Par value is usually $1,000 for such instruments.

7 0

3 years ago