The principal balance of the loan will have been reduced by a total of: a. $923.53.
Principal balance of loanFirst step
First month's payment:
Annualized interest=$350,000 ×.045
Annualized interest = $15,750
First month's interest=$15,750/12
First month's interest= $1,312.50
First month's principal reduction=$1,773.40- $1,312.50
First month's principal reduction= $460.90
Remaining balance=$350,000 -$460.90
Remaining balance= $349,539.10
Second step
Second month's payment:
Annualized interest=$349,539.10 × .045
Annualized interest = $15,729.30
Second month's interest=$15,729.30/ 12
Second month's interest= $1,310.77
Second months principal reduction= $1,773.40 -$1,310.77
Second months principal reduction = $462.63
Third step
Total principal reduction after 2 payments=$460.90 + $462.63
Total principal reduction after 2 payments = $923.63
Therefore the correct option is A.
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A person with the means to buy a product, the authority to buy, and the willingness to listen to a sales message is known as a ______.
Hello !
A person with the means to buy a product, the authority to buy, and the willingness to listen to a sales message is known as a prospect.
A person with the means to buy a product, the authority to buy, and the willingness to listen to a sales message is known as a Prospect
Answer=prospect
A ________ promises the grantee that the grantor has good ownership and the full power to convey it. Group of answer choices pass title deed special warranty deed quitclaim deed freehold deed warranty deed
A warranty deed promises the grantee that the grantor has good ownership and the full power to convey it.
A warranty deed is a legal instrument that is used to sell real land and transfer ownership from the grantor (seller) to the grantee (buyer). Typically, the document exposes all known encumbrances, such as easements, unpaid liens, or judgments, and contains a description of the property.
In a warranty deed, as opposed to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate, the grantor makes the assurance that they have clear title to the property and the authority to sell it to the grantee.
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Some of the benefits of clean air and water regulations are Group of answer choices Boost to growth and higher efficiency higher property values and healthier population. higher profit for firms and cleaner environment. higher property values and better education system.
The benefits of clean air and water regulations are : higher property values and healthier population .
Why are clean water and air important?Clean air and safe water are prerequisites for health. Poor air or water quality can be particularly detrimental to vulnerable populations such as the very young, the elderly, and those with chronic health conditions.
Clean air and water support healthy brain and body function, growth, and development. Air pollutants such as fine particulate matter, ground-level ozone, sulfur oxides, nitrogen oxides, carbon monoxide, and greenhouse gases can harm our health and the environment .
What are the benefits of Clean Air and Water ?People may stay healthier and live longer. Certain industries that rely on clean air and water—such as farming, fishing, and tourism—may benefit. Property values may be higher. People may simply enjoy a cleaner environment in a way that does not need to involve a market transaction.
Thus, we can conclude that the correct option is B. The benefits of clean air and water regulations are: higher property values and healthier population.
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Over the next three years, Marti plans to save $2,000, $2,500, and $3,000, respectively, starting one year from today. You want to have as much money as Marti does three years from now but you plan to make one lump sum investment today. What amount must you save today if you both earn 4.65 annually
The amount you must save today is $6811.50.
How much must you save today?
The amount you must save today can be determined by calculating the present value of the annuity. Present value is the sum of discounted cash flows.
Present value = 2000 / (1.0465) + 2500 / (1.0465²) + 3000 / (1.0465³) = $6811.50
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Answer the following questions about marginal utility. a. According to the law of diminishing marginal utility, as more of a product is consumed, multiple choice 1 the amount of extra happiness decreases. the amount of extra happiness increases. the price falls. income falls. b. If a consumer purchases more of a good as the price falls, we can assume that the consumer's multiple choice 2 marginal utility has risen. preferences have changed. marginal utility has also fallen. total utility has also fallen.
(a) According to the law of diminishing marginal utility, as more of a product is consumed, the amount of extra happiness decreases. the amount of extra happiness increases.
(b) If a consumer purchases more of a good as the price falls, we can assume that the consumer's marginal utility has also fallen.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.Although marginal utility tends to decline with consumption, depending on the good consumed, it may or may not ever approach zero. The concept of marginal utility is helpful in describing how consumers choose products and services to maximize their financial resources.What is the law of diminishing marginal utility?According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal. The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.Learn more about the law of diminishing marginal utility brainly.com/question/15242967
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Dawn owns a chain of very successful cheese shops. She has decided to use some of her profits to open a furniture store specializing in furniture made from sustainably sourced wood. This is an example of the _____________ growth strategy?
This is an example of the Diversification Growth Strategy.
What is a Diversification Growth Strategy?
A growth strategy known as diversification is expanding your business into a new market or industry while also developing a new product specifically for that market.
There are six well-known categories of diversification tactics:
Vertical diversificationVertical diversityDiversity within a group.Diversification inside conglomerates.Diversifying defensively.Diversity in the offense.The goal of diversification is to enable the corporation to enter business sectors that are distinct from its current operations.
By investing in assets that cover a variety of financial instruments, industries, and other categories, diversification lowers risk. While systematic or market risk is typically unavoidable, unsystematic risk can be reduced by diversification.
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Which of the following are considered to be the four basic market structures? Multiple select question. Pure competition Monopolistic competition Pure monopoly Representative democracy Oligopoly
Monopolistic competition, Oligopoly, Pure monopoly, and Pure competition are considered to be the four basic market structures.
Oligopoly competition characterizes an industry in which many companies offer similar (but not perfect) alternative products or services. Barriers to entry into a monopoly and highly competitive industry are low, and the decisions of a single company do not directly influence the decisions of competitors.
Some of the most notable oligopolies in the United States are film and television production, recorded music, wireless carriers, and airlines. Since the 1980s, it has become more common for industries to be dominated by two or three companies.
If a single company is the only manufacturer of a product without a close replacement, there is a pure monopoly.
There are many indistinguishable product suppliers, and there are no companies that have a significant impact on prices. Other common conditions are easy-to-market entry and full market intelligence of the new company.
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Which organization delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events
Incident Command System is the organization that delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events.
Incident Command SystemThe top-down, highly standardized, military-based Incident Command System (ICS) management structure surpasses the management structure of every other agency that responds to an occurrence. This management tool can handle the demands of both emergency and non-emergency circumstances, whether they are small or huge.The concepts of accountability, such as check-in, incident action planning, unity of command, individual accountability, a span of control, and resource tracking, should be followed by incident staff.Applications for ICS utilization have been varied and include routine or scheduled activities (e.g., celebrations, parades, and concerts). hazards, multiple casualty incidents, and fires. calamities involving many jurisdictions and agencies, such as hurricanes, floods, and winter storms.To learn more about the Incident Command System refer to:
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A ________ orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.
A customer orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.
Customer orientation is a commercial enterprise approach that places the wishes of the client over the desires of the commercial enterprise.
Customer-oriented groups keep in mind that the enterprise won't thrive until it constantly improves customer recognition. it's a way of questioning that aligns your commercial enterprise dreams along with your client's goals.
The purchaser marketplace consists of all of the individuals or households that need goods and services for private consumption or use and features the assets to shop for them.
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In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are:
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are made at the top management level.
What is multinational corporation?multinational corporation serves as one that has different level of management.
Multinational companies are usually involvea in international trade taking into consideration the
political as well as cultural differences into account.
Examples of these corporation are:
Coca-ColaPhilip Morris's Marlboro brand PepsiIn this case, decisions are made at the top management level in other to achieve the goals of the organization because they do operate outside their country.
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Stacey is in college. A close relative passed away and established a trust fund to provide for her college funding needs. She also receives a living stipend from the trust until she turns 22. This is her only source of income in the current tax year. Is Stacey eligible to make an IRA contribution
Yes, Stacey is eligible to make an IRA contribution.
What is an IRA contribution?An IRA contribution is money you put into an individual retirement arrangement, abbreviated as an IRA. IRAs are intended to assist people in accumulating a retirement nest egg by allowing them to save and invest money tax-free.To contribute to a traditional IRA, you must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment, and/or your spouse if you file a joint return.Eligibility for IRA contribution?There are no income limits for Traditional IRAs1, but there are for tax-deductible contributions. Roth IRAs have income restrictions. If your modified adjusted gross income is less than $125,000 in 2021, you can make a full contribution to a Roth IRA as a single filer.Does stipend counts in IRA contribution?Taxable non-tuition fellowship and stipend payments are recognized as taxable remuneration for the purposes of IRA contributions commencing after 2019. These are any monies included in your gross salary and paid to you to help you pursue graduate or postdoctoral studies.Solution -As it is given above stipend payments are recognized as taxable remuneration for the purpose of IRA contribution and there are no income limits for traditional IRAs.
Therefore, yes, Stacey is eligible to make an IRA contribution.
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Total dollar volume of U.S. travel agencies (including OTAs (online agencies)) over the past decade has ________________________. Select one: A. made dramatic growth B. risen very slowly C. decreased since 1995 D. remained almost the same
The total dollar volume of U.S. travel agencies (including OTAs (online agencies) over the past decade has option (a) i.e, made dramatic growth.
What is a travel agency?A travel agency is a private business or government organization that offers the general public travel and tourism-related services on behalf of lodging or transportation providers in order to offer various travel bundles for each destination. Outside recreation activities, airlines, car rentals, cruise lines, hotels, trains, guidebooks, travel insurance, package tours, insurance, access to VIP airport lounges, public transportation schedules, vehicle rentals, and currency exchange services are all things that travel companies can offer.
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Who is responsible for the actual performance of service tests and periodic inspection of fire detection and alarm systems
Owner is only responsible.
Owner
Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.Alarm systems
These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.They used to activate Automatically when any heat or fire related substances come closer to it.learn more about this here-
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Berry just graduated from college and moved back to his hometown in Ohio. He is offered a job at the large food manufacturer which is the main employer of the town. They offer him a wage that is much lower than he had hoped. Since the food manufacturer is a monopsony in his town, when Berry writes a counter wage offer, what will most likely happen
As the food manufacturer is a monopsony in his town, when Berry writes a counter wage offer, "the firm will reject Berry's counter salary number and hire someone else".
What is meant by monopsony?Monopsony is a market strategy where there is just one buyer, according to economic theory. A company that is the only employer in a small town is an example of pure monopsony. A business in this situation is able to provide lower wages than it otherwise might.
The characteristics of monopsony are-
One company consuming all output in a market,No other customers, andBarriers to entry.The monopsony work with the principle of-
When a company enjoys market dominance when using factors of production, it is said to be in a monopsony (e.g. labour).There is only one buyer and many sellers in a monopsony. It frequently refers to an employer with market dominance over employee recruiting, or a monopsony. The idea behind monopsony, where there is only one vendor and numerous purchasers, is comparable to this.To know more about market dominance and marketing strategy, here
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Controls are designed to mitigate risk and provide reasonable assurance about the achievement of an organization objectives with respect to.
The achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
What is a Control?This refers to a process that is effected by an entity's board of directors, management, and other personnel.
This process is designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
Therefore, the achievement of an organization objectives In control is with respect to the operations, reporting and compliance.
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Firms spend millions of dollars to develop brand names that have no preexisting meaning in any known language because Blank______. Multiple choice question. they want to avoid potential embarrassment that language confusion can cause this is the only factor that most firms remember when developing a global communication strategy picking an interesting brand name is the single biggest indicator of global success they can then start with zero awareness of the brand, which is ideal
Firms spend millions of dollars to create brand names that have no established meanings in order to prevent any potential humiliation that language confusion may bring.
What Is a Brand Name?A brand name is the name you use to describe a group of goods or services you provide or a specific line of goods or services you provide. For instance, Nike is the brand name applied to the majority of products produced by Nike, Inc.
What is a brand name for a business?The products of one company are distinguished from the products of another by their brand names. In the case of well-known brands like Sony, Nike, or Shell, a brand name and the business name may occasionally coincide when the corporation decides that one name is acceptable to serve as the identification of all its goods.
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Pricing Blank______ involve specifying the role of price in an organization's marketing and strategic plans.
Pricing objectives involve specifying the role of price in an organization's marketing and strategic plans.
What are the marketing objectives for pricing?The goals that direct how your company sets prices for your product or service are referred to as pricing objectives. Both new and existing customer pricing can and should follow these goals. The guidance provided by pricing objectives is essential for modifying prices over time to achieve your goals.
There are four types of pricing objectives:
profit-oriented pricing, competitor-based pricing, market penetration and skimming.This action is crucial since pricing is essential to a company's success in achieving its objectives. Defining pricing objectives entails describing the function of price in a company's marketing and strategic plans. The pricing purpose of the company, which may include profit, sales income, market share, unit volume, survival, or social responsibility, influences how much marketing managers charge for a product.
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A foreign currency ________ contract calls for the future delivery of a standard amount of foreign exchange at a fixed time, place, and price
Answer:
futures
Explanation:
Robert is about to graduate from his university. His parents tell him that as he is the first member of the family to graduate college, they want to buy him a new but inexpensive car. They have the money to buy the car, and Robert is excited to receive his gift. On graduation day, his parents tell him that they have decided to use the car money for a vacation and that there will be no car. In this situation, can Robert sue his parents? Group of answer choices Robert cannot sue because the promise was not reasonable and did not follow the mailbox rule. Robert can successfully sue based on promissory estoppel. Robert can sue since the promise is his legal benefit, and it is an implied-in-fact contract. Robert cannot sue because he did not suffer any legal detriment in the receipt of the promise. Robert can successfully sue based on the promise of a gift.
For the given situation, when the parents of the Robert refused to give him the car " Robert cannot sue because he did not suffer any legal detriment in the receipt of the promise".
What is legal detriment?If the promisee will lose something in order to get something else he wants and a good response to any of the questions is given, there is legal detriment.
According to the law of contracts, consideration is to the promisee's disadvantage and advantageous to the promisor.
The example of legal detriment is -
The "something" that is promised or provided must be something that is known as a legal detriment—an act, forbearance, or a promise of such from the promisee. It cannot be just anything, including a feeling of pride, warmth, amusement, or friendship.
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Your company will generate $65,000 in annual revenue each year for the next seven years from a new information database. If the appropriate discount rate is 8.25 percent, what is the present value
The Present Value is $335,539.75
This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -
PV = A * 1 - 1 / (1 + r)n / r
where
A = annual revenue or annuity,
r = rate of interest,
n = no. of years
PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942
or, Present value = $335,539.75
Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.
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The accounting concept that requires evvery business to be accounted for separtely from other usiness entities, including its owner or owners is known as the
The answer is Business Entity Assumption.
A business entity assumption is an accounting principle.
It is a term used to refer to declaring the separation of every financial record of the business from any of the financial records of its owners or that of other businesses.
In other words, we assume that the business has its own identity which is different from that of the owner or other businesses.
Hence, The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the Business Entity Assumption.
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Employees tend to significantly overestimate the cost and value of their benefits. Group startsTrue or False
The correct answer is True. Employees tend to significantly overestimate the cost and value of their benefits.
What does it mean to overestimate something?
to place an excessive amount of value on (someone or something) The senator significantly overstated what he owed the government since he had been so responsible with regard to his possible tax duties.
Overestimation occurs when the estimate is greater than the actual value. Underestimation occurs when the estimate is less accurate than the actual value.
Budgets are financial planning documents. Large companies typically have master budgets based on projections taken from sub-budgets for various functional divisions of the company, such as sales, manufacturing and administration. Small businesses typically have a single budget that projects income and expenditures for the next fiscal year. When a company has overestimated some part of its budget, it can mean the actual income is less than what was projected,
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what are the major jobs of MBBS doctor?
Janice rates her employees based on amount of work performed and promptness in arriving to work on time. Janice is using a(n) ______ appraisal to measure specific, observable aspects of performance.
Janice is using a behavioral appraisal to measure specific, observable aspects of performance.
What is a behavioral appraisal?Based on the employee's conduct and personality attributes, their performance is evaluated. The behavioral appraisal determines and takes into account the actions that are relevant to the job.
For the purpose of motivating and enhancing an employee's performance on the job, their work is evaluated, and feedback is offered. The management can analyze the employee and assign the project based on his skills with the aid of the report based on the behavioral evaluation.
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An auto dealership sold a limited-production luxury vehicle as part of its business. It typically sold very few of the vehicles per year, but continued the business because it earned $25,000 in profit on each sale. The vehicles sold at retail for $150,000. A car buyer entered into a contract with the dealership to purchase one of these vehicles with the color scheme and options she desired, which the dealership ordered from the manufacturer. She signed a written order form and put down a $50,000 deposit on the vehicle. The form specified that, in the event that the buyer failed to purchase the vehicle, the deposit was non-refundable, representing liquidated damages that did not constitute a penalty. Later, the car buyer found a better price on an identical vehicle at another dealership, and purchased that vehicle. She demanded the return of her deposit, but the dealership refused. The dealership had difficulty selling the car, and eventually had to sell it at the discounted price of $100,000. The car buyer filed a lawsuit seeking to void the non-refundable deposit provision of the order form and seeking the return of her deposit. Is she likely to prevail
No, because the deposit was fair in light of the genuine losses the dealership endured.
Although a court may take into account contract language that the liquidated damages clause is not a punishment, such a term is not deciding.
In the event of a breach without evidence of actual loss, the parties may recover liquidated damages, which are defined by the parties in the contract as a reasonable estimate of actual damages. The party seeking to revoke a contract's liquidated damages provision must demonstrate that the agreed-upon loss is so excessive as to resemble a penalty. The deposit turned out to be exactly equivalent to the dealership's real damages, even though it was double what the dealership could have calculated its damages would be in the event of a breach by the buyer.
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Consumer choice is influenced not only by the ______ utility that extra units of a good will yield, but also by how much ______ must be given up to obtain extra units of the good.
Consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
What is marginal utility?Marginal utility is extra satisfaction that is derived from having an additional product or extra unit.
Each Individual determine what to buy based on the amount of satisfaction that is derived on the product.
Therefore, consumer choice is influenced not only by the marginal utility that extra units of a good will yield, but also by how much satisfaction must be given up to obtain extra units of the good.
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Some global corporations are large enough to create major changes in the external environment. Group of answer choices True False
Some global corporations are large enough to create and influence major changes in the external environment: False.
What is a corporation?A corporation refers to a corporate organization that has facilities and owns assets that are used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.
However, it is false to infer or state that some global corporations are large enough to create and influence major changes in the external environment.
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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offerings that is left unsubscribed is known as a
A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offering that is left unsubscribed is known as a stand-by commitment.
Commitment means the consent of the backstop parties under the Backstop Rights Purchase Agreement, and purchases of all rights offering shares that exceed the Sopris Senior Note Commitment that the rights offering participants do not purchase in accordance with the rights offering.
Commitment: With firm commitment underwriting, the underwriter guarantees that the issuer will purchase all securities for sale, regardless of whether they can be sold to the investor. This is the most desirable arrangement as it immediately guarantees all the money of the issuer.
Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.
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Alisa and Katherine finally agree on the solution to reallocate the bonus money. This indicates that this solution is within the ______, according to the bargaining zone model of negotiations.
Alisa and Katherine finally agree on the solution to reallocate the bonus money. This indicates that this solution is within the area of potential agreement, according to the bargaining zone model of negotiations.
The zone possible agreement describes the intellectual zone in negotiations between two parties where an agreement can be met which both parties can agree to. Within this zone an agreement is possible.
The range in a negotiation where two or more sides can come to an understanding is known as the Zone of Possible Agreement, or ZOPA. Here, the disputing parties can work together to achieve a common objective and potentially come to an agreement that incorporates at least some of the views of the other.
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Which managerial function involves structuring resources to accomplish the work required to meet the objectives
Organizing is a managerial function involves structuring resources to accomplish the work required to meet the objectives.
What is Organizing?Organizing entails having a good preparation and arrangements ahead of a program or project.
It is integral part of team management for successful results.
Therefore, Organizing is a managerial function involves structuring resources to accomplish the work required to meet the objectives.
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