Pharoah has assets of $114,000 and equity of $47,000. Pharoah's liabilities are $67,000.
The financial position of any company, large or small, is determined by two key elements of the balance sheet: assets and liabilities. The third part of the balance sheet is equity, also known as equity.
The accounting equation illustrates how these three critical components relate to each other. Total assets will equal total liabilities plus total equity.
total assets = total liabilities + total equity
total liabilities = total assets - total equity
total liabilities = $114,000 - $47,000
total liabilities = $67,000
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radoski corporation's bonds make an annual coupon interest payment of 7.35% every year. the bonds have a par value of $1,000, a current price of $920, and mature in 12 years. what is the yield to maturity on these bonds? a. 6.83% b. 9.53% c. 8.10% d. 8.44% e. 7.25%
Radoski corporation's bonds make an annual coupon interest payment of 7.35% every year. the bonds have a par value of $1,000, a current price of $920, and mature in 12 years. what is the yield to maturity on these bonds is 8.44%.
Coupons are usually defined in phrases of the "coupon fee", that's calculated through including the sum of coupons paid in keeping with 12 months and dividing it through the bond's face price. For example, if a bond has a face price of $1,000 and a chit fee of 5%, then it will pay overall coupons of $50 in keeping with 12 months. Typically, this could encompass semi-annual bills of $25 each.
Not all bonds have coupons for interest payments. Zero-coupon bonds are people who pay no coupons and accordingly have a chit fee of 0%. Such bonds make simplest one charge: the charge of the face price at the adulthood date. Normally, to compensate the bondholder for the time price of money, the fee of a zero-coupon bond will constantly be much less than its face price on any date earlier than the adulthood date.
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nathan works as an accountant for a mid-sized retail store. he has just completed a trial balance that resulted in no unexpected problems. nathan's next task is likely to be multiple choice presenting the trial balance to the company owners. preparing the store's balance sheet and other major financial statements. conducting the full audit. preparing a tax return for the company.
He recently finished a trial balancing that revealed no unforeseen issues.The creation of the store's balance sheet and other important financial statements is probably Horst's next big chore.
What is the primary justification for an accountant to perform a trial balance?A trial balance is used to check the accuracy of all entries put into the general ledger of an organization.Each general ledger account's ending balance is shown on a trial balance.Each accounting entry must have debits and credits that total the same amount. The balance sheet, income statement, and cash flow statement all provide distinct facts with associated data.The three statements taken as a whole offer a complete picture of the company's operational activity. After the adjusting entries are finished, the adjusted trial balance is finished.The final balances for each account are listed in this trial balance, which is also utilized to create the financial statements.The balances are displayed in the post-closing trial balance following the completion of the closing entries. Trial Balance is an accounting report that includes the ending balances of the company's various general ledgers. For instance, utility expenses during a period may include the payment of four separate bills totaling $ 1,000, $ 3,000, $ 2,500, and $ 1,500; therefore, in the trial balance, a single utility... Your balance sheet details the worth of your current assets as well as the amount of debt you have (liabilities).Cash, receivables, inventory, equipment, and investments are examples of assets.To learn more about trial balance refer
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when describing specialty channelers we mean that select one: a. the company specializes in special interest tours b. the tours are for people in special groups such as churches c. they are specialty intermediaries d. they include incentive travel firms, corporate travel offices e. c and d
When describing specialty channelers we mean c. they are specialty intermediaries d. they include incentive travel firms, corporate travel offices. c and d
Travel Agency Types: Travel agencies play an important role in the tourism and hospitality industries.
Significantly, travel agencies are an important component of the tourism and hospitality industries.
As an essential component of the tourism industry, travel agencies have undergone numerous operational and managerial changes in recent years and must constantly evolve in order to meet the needs of tourists and diversify distribution channels in the volatile tourism marketplace.
Thus, understanding how a travel agency operates, remains competitive, and meets the needs of customers is critical for any travel agency employee and those interested in a career in this vital sector.
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katie mows her own yard to save money. her neighbor jonah, however, hires a lawn service to mow his yard. one day, as katie is looking out of the window, jonah's lawn service drives up. to her surprise, they begin to mow her yard, not jonah's yard. katie thinks that is great, exchanges a wave with the workers, and keeps her mouth shut while they mow the yard. later, she gets a bill. she calls the owner of the lawn service and says that she does not have to pay because there was not a contract in place where she agreed to have her yard mowed. the lawn service says that she is liable for the full amount of its contract. discuss whether the lawn service is entitled to any recovery, and why or why not.
Katie doesn't need to pay for the lawn service because the lawn service made a mistake. In a transaction the condition in the agreement of both parties which is known to be transparent.
A data recovery service can be described as a service that specializes in the recovery of lost or corrupted data. Data recovery service is performed by salvaging data from failed, damaged, or corrupted storage devices. A hard drive recovery service may use a variety of methods in an attempt to recover lost data. In the story above the lawn service is not getting any recovery for this case because it happened by their mistake.
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in a contract where the payment is broken down such that 80 percent of the cost is for materials and 20 percent is for installation of those materials, the contract will be governed by:
In a contract where the payment is broken down such that 80 percent of the cost is for materials and 20 percent is for installation of those materials, the contract will be governed by the Uniform Commercial Code (UCC).
Uniform Commercial Code (UCC) refers to a comprehensive collection of laws which governs all commercial transactions in the United States. UCC is not a federal law however it is a commonly adopted state law. UCC governs the contract that include purchase of goods and other tangible objects. The code was developed in an effort to regulate the laws across all states. UCC implies to movable goods sales and purchases including but not limited to timbers, crops, minerals, and shipments of goods between companies and consumers.
Note: The question is incomplete. The complete include options: a) the UCC; b) neither the common law nor the UCC; c) both the common law and the UCC; d) common law.
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fresh veggies, inc. (fvi), purchases land and a warehouse for $600,000. in addition to the purchase price, fvi makes the following expenditures related to the acquisition: broker's commission, $40,000; title insurance, $3,000; and miscellaneous closing costs, $8,000. the warehouse is immediately demolished at a cost of $40,000 in anticipation of building a new warehouse.
The cost of the land should be recorded by FVI as $691,000. The following costs must be taken into account as part of the cost of capital assets when a capital asset is purchased.
1. Actual capital asset costs are
2. Every applicable expense related to its acquisition. for instance, the cost of transportation, brokerage, loading, and unloading.
3. All costs associated with getting it FVI ready for use.
In this issue, $600,000 has been spent to purchase the land. Broker commissions of $40,000, title insurance of $3,000, and other closing charges of $8,000 are related costs. Since all of these expenses are FVI necessary to acquire the land, they are included in the price.
A warehouse exists at Further Land. To prepare it for use, capital asset needs to be destroyed. As a result, the cost of its demolition will be included in the land price. It is $40,000. As a result, the total value to be accounted for as land cost is:
$600,000 + $40,000 + $3,000 + $8,000 + $40,000 = $ $691,000.
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The complete question is
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $600,000. In addition to the purchase price, FVI makes the following expenditures related to the acquisition: broker's commission, $40,000; title insurance, $3,000; and miscellaneous closing costs, $8,000. The warehouse is immediately demolished at a cost of $40,000 in anticipation of building a new warehouse.
Determine the amount FVI should record as the cost of the land.
the only type of rule making administrative agencies use is notice-and-comment rule making. group startstrue or falsetrue, unselectedfalse, unselected
The statement above id false, because administrative agencies use both formal and notice-and-comment rule making.
Administrative agencies can be described as s government body authorized to implement legislative directives by developing more precise and technical rules than possible in a legislative setting. The examples of administrative agencies is The Department of State, the Department of Defense, the Food and Drug Administration, the Social Security Administration, the National Labor Relations Board. The function of administrative agencies is to planning, research, follow up advertisement, implementation of campaign, measuring effectiveness of various media for its clients.
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As a team leader, which of the following people would likely be the best choice for your team?
Someone who is friendly and organized but quiet
Someone who is smart but not always on time
Someone you have known a long time but cannot focus well
Someone who has a negative attitude but knows the product
Someone who is friendly and organized but quiet is the best choice for your team. Hence, option A is correct.
What is a team leader?A team leader provides guidance and instructions to a working group with reference to a project or portfolio of projects. They are in responsible of delegating duties, keeping track of progress toward goals, and guiding the team as needed.
While a manager places more attention on structure and keeping the team focused on its objectives, a team leader tends to relate better with artists and has a tendency to approach difficulties with a more creative perspective.
Thus, option A is correct.
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Match the examples to the stages of the buying and decision-making process.
The customer decides which product to buy.
The customer looks for information on products and services.
The customer compares various options. The customer pays for a product.
The customer reflects on what he or she has bought.
The customer realizes that something is needed.
1. Problem recognition 2. Searching for information 3. Looking at options 4. Making a purchase decision 5. Buying the product or service 6. Purchase reflection
The customer decides which product to buy. - Making a purchase decision.
The customer looks for information on products and services. - Searching for information.
The customer compares various options. - Looking at options.
The customer pays for a product. - Buying the product or service
The customer reflects on what he or she has bought. - Purchase reflection.
The customer realizes that something is needed. - Problem recognition.
What is a buying decision process?In marketing, this decision-making process are used by the consumers regarding the market transactions before, during and after the purchase of a good or service. Such process can be seen as a form of a cost-benefit analysis in the presence of multiple alternatives.
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why isn't it a good idea for them to produce and sell as many cakes as they can? is it more profitable to sell less cakes at this current stage of their business?
It is not a good idea to sell as many cakes as can be produced because doing so will push production costs over the limit and lead to losses.
The firm will enhance its profit by employing more variable input to generate more output as long as the income from creating another unit of output (MR) exceeds the cost of producing that unit of output (MC).
Selling all that can be produced is not a good idea because doing so will push production costs over the limit and lead to losses. Because the value contributed to total production will start to decline when MR [marginal revenue from each unit produced becomes zero] reaches this point, maximum production will continue to be carried out until that point. Maximum profit is made when MR = MC.
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people may either start or buy small businesses for the sole purpose of providing an income for themselves and their families. these people may not intend to be particularly innovative, nor do they plan to expand significantly. this is what type of entrepreneurship?
These people may not intend to be particularly innovative, nor do they plan to expand significantly. this is the Lifestyle of entrepreneurship.
An entrepreneur is someone who has an idea and who works to produce a product or service that people will buy, as well as an association to support that trouble.
Entrepreneur takes on the utmost of threat and action for their new business and is frequently seen as a visionary innovator.
An entrepreneur is a person who starts a new business and generally risks his own plutocrat to start the adventure. exemplifications of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.
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Auto manufacturers are currently offering flex-fuel vehicles that are designed to run on ethanol gasoline mixtures. An economist recently analyzed the cost versus value consideration of these vehicles and found that the market is currently buying approximately the socially efficient amount of flex fuel vehicles. Under lobbying pressure from the car manufacturers and environmental groups, the federal government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this subsidy goes through, what would be the most likely impact on market efficiency?.
A $3,000 subsidy paid per flex fuel car sold would have a lessening effect on market efficiency if this subsidy is approved.
Market efficiency is the extent to which market prices accurately reflect all pertinent information that is currently accessible. Since there are flex fuel no securities that are undervalued or overvalued if markets are efficient, there is no way to "beat" the market because prices already reflect all available information.
Market efficiency comes in three different levels. The ineffective aspect of market efficiency is that it makes no sense to predict future prices based on historical price movements. Any information that may be flex fuel gathered from historical pricing, if any, is already included into present prices if all accessible, relevant information is taken into account. Consequently, changes in prices in the future can only be the consequence of new information being accessible.
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mckeel publishing had outstanding checks totaling $5,440 on its june bank reconciliation. in july, mckeel issued checks totaling $39,300. the july bank statement shows that $26,900 in checks cleared the bank in july. the amount of outstanding checks on mckeel's july bank reconciliation should be:
The amount of outstanding checks on McKeel's July bank reconciliation is $17,760.00.
What is Bank Reconciliation?Bank reconciliation refers to the statements meant to match the balances with that of the ledger accounts. It is the rectifications of the amount of the various transactions.
The amount of outstanding checks on McKeel's July Bank Reconciliation,
Outstanding checks in June Bank
Reconciliation $5,460.00
Add : Checks issued during July $39,500.00
Less : Checks cleared in July ($27,200.00)
Amount of outstanding checks on
McKeel's July Bank Reconciliation = $17,760.00
Therefore, it can be concluded that outstanding amount is $17,760.00
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the tax deductibility of the interest paid on a mortgage and the incurred on your home create a tax shelter for the , which your taxable and tax liability. quizlet
The tax reducibility of the interest paid on a mortgage and the incurred on your home create a tax shelter for the homeowner which your taxable and tax liability.
What is tax reducibility?A tax reduction is any tax refund, tax credit, or tax deduction that really lowers the amount of cash taxes that Parent, the Company, or any of their Affiliates actually owe. This includes any related interest that is received from the appropriate governmental body.
A portion of the taxpayer's earnings or financial contributions go to the government. The tax rate in terms of income tax is the portion of taxable income or corporate earnings that must be paid to state, federal, and, in some cases, municipal governments.
Thus, it is homeowner.
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the country of bolivia had a gross domestic product of $79 billion in 2016 and a population of 11 million people, the gdp per capita would be select one: a. $7.2. b. $7,182. c. about $14,000. d. $7,900.
$ 7182 is the GDP per capita for the country of Bolivia.
Option B is correct.
GDP:- It is the total value of all final goods and services produced in country physical boundary in a given year is called GDP of that country .
GDP per capita :-It can be referred to as a metric that breaks down a country's economic output per person .
It is formulated as ,
GDP of nation ÷ Total Population of that nation
Given Data:GDP of Bolivia = $79 billion
Total Population of Bolivia = 11 million
Therefore , according to formula,
$ 79 b ÷ 11 m
= $ 7182
The GDP per capita would be $7182.
Why is GDP important?
One of the most crucial is gross domestic product, better known by its initials, GDP. This economic indicator directs the monetary value of goods and services (like health care, education, etc.) produced in the country over a period of time.
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shopping products are products that the customer sees as basically the same and wants at the lowest price. a. homogeneous b. unsought c. regularly unsought d. specialty e. new unsought
Homogeneous shopping products are those that a buyer perceives as being essentially similar and desires at the lowest price.
Mixtures that are homogeneous have a consistent structure or make up. For instance, if you mix table salt and water, the result is homogeneous because the salt totally dissolves and the water has an even distribution of salt flakes. Most commonly, homogenous refers to having same pieces or components throughout. A homogeneous entity has a consistent characteristic or personality throughout. The term "homogenous" can also refer to a group of things that are essentially the same or of the same kind. Fundamentally. used to indicate or emphasize the fundamental or essential aspect of a person or thing, or to indicate that a description is essentially correct or truthful. Essentially, he is a good man. can essentially conclude that what you are going to say has a little more relevance. Basic and necessary come to mind
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Gordon’s growth model, also called the constant growth model, assumes that the present value of a stock’s __________ determines the value of the stock.
Gordon’s growth model, also called the constant growth model, assumes that the present value of a stock’s dividends determines the value of the stock.
The Gordon boom model (GGM) assumes that an agency exists for all time and that there's a regular boom in dividends whilst valuing an agency's stock. The GGM works via way of means of taking an endless collection of dividends in step with percentage and discounting them returned into the existing the usage of the specified price of return.
The formulation is composed of taking the DPS withinside the length via way of means of (Required Rate of Return – Expected Dividend Growth Rate). For example, the cost in step with percentage in Year is calculated the usage of the subsequent equation: Value Per Share ($) = $5.15 DPS ÷ (8.0% Ke – 3.0% g) = $103.00.
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What is the relationship between a person’s need for payday lending and their income volatility?.
Payday loans provide a manner to address sudden activities and month‐to‐month earnings volatility, which impacts greater than a 3rd of American families with earning below $50,000.
The required details for Payday loans in given paragraph
A payday mortgage is a short-time period unsecured mortgage, regularly characterized through excessive hobby rates. The time period "payday" in payday mortgage refers to while a borrower writes a postdated take a look at to the lender for the payday salary, however gets a part of that payday sum in on the spot coins from the lender. However, in not unusual place parlance, the idea additionally applies irrespective of whether or not compensation of loans is related to a borrower's payday. The loans also are on occasion mentioned as "coins advances", a leven though that time period also can check with coins furnished in opposition to a prearranged line of credit score inclusive of a credit score card.
Legislation concerning payday loans varies extensively among extraordinary countries, and in federal systems, among extraordinary states or provinces.
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learning effects are cost savings that result from: automation. knowledge acquired by doing. sound product planning tactics. diseconomies of scale. outsourcing.
Learning effects resulting from knowledge acquired by doing are cost savings. Thus, the correct option is (b) ‘knowledge acquired by doing.’
In the context of economics, the learning effect refers to the concept that learning acquired over the cumulative production process maximizes productivity and produces an increase in wages.
Economists theorize that learning effects lead to cost-saving productions because with continuous involvement in the production processes workers become more and more familiar with production and manufacturing processes.
While the other options are incorrect because:
Automation refers to the use of technology to improve the efficiency of work.Sound product planning tactics are long-term plans to achieve certain objectives and goals.Diseconomies of scale is the cost disadvantage that occurs when a business grows so large that reduces profitability.Outsourcing is the process of hiring third-party to handle business operations.You can learn more about learning effects at
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increasing the quality level by better products and processes may: ensure that the trade-off between prevention costs and other costs of poor quality is worthwhile. move a company closer to a competitive priority of price. reduce prevention costs. allow a company to raise the price of the product.
Increasing quality level by better products and process reduces the appraisal cost, external and internal failure costs. By providing better deliveries, the company can ask customers for premium price.
For long-term sales development and profitability, one of the most crucial things is to improve product quality. 2018 marked the first year where software testing businesses primarily concentrated on achieving end-user happiness, according to Sogeti's World Quality Report. Although raising product quality is a difficult task, businesses benefit from it through more sales and lower expenses.Businesses that want their products to be of higher quality must include quality principles into their everyday operations. Quality must therefore be fundamental to managing everyday operations and achieving business performance rather than being an afterthought. While numerous quality experts have provided definitions of quality, many of them have the same general ideas in mind.Learn more about Product quality, here
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4. michael wants to improve the risk management process in his organization by creating content that will help management understand when certain risks should be accepted and when certain risks should be mitigated. the policy that michael needs to create is known as: a. a security policy b. a control framework c. a risk appetite statement d. a control testing procedure
The management of financial, legal, strategic, and security threats to an organization's earnings and capital is known as risk management.
What is the purpose of a strategy for risk management?
A structured strategy for dealing with risks, a risk management strategy can be utilized by businesses of any size and in any industry.The best way to think about risk management is not as a series of steps but rather as a cyclical process in which new and existing risks are constantly found, evaluated, managed, and monitored.
The fundamental objective of risk management is to anticipate potential issues and devise a strategy for resolving them.Internal and external risks that have the potential to harm an organization are examined in risk management.Typically, risk management teams divide their plans into four sections.
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a national package delivery company relies heavily on a hierarchy culture to manage its vast and complex shipping processes. are part of a hierarchy culture
An internal focus and valuing stability and control: are part of a hierarchy culture.
What is an organizational structure?An organizational structure can be defined as a strategic process that involves the division of a business firm or an organization into multiple functional units.
What is a hierarchy culture?A hierarchy culture is also referred to as hierarchical culture and it can be defined as a type of organizational culture that is typically characterized by consistent structure, and it is based on the achievement of long-term stability and a set of shared values throughout the entirety of a business organization (company or firm).
In conclusion, we can reasonably infer and logically deduce that a hierarchy culture emphasizes on valuing stability, internal focus and control of a business organization (company or firm).
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Complete Question:
A national package delivery company relies heavily on a hierarchy culture to manage its vast and complex shipping processes. ________ are part of a hierarchy culture.
An internal focus and valuing stability and control
A strong external focus and valuing stability and control
An external focus and valuing flexibility
An internal focus and valuing innovation and creativity
a company has built a video streaming service that supplies training videos. quickly transmitting video data to customers is more important than guaranteed delivery.
User Datagram Protocol (UDP) is MOST likely used for the service of transport layer TCP/IP suite protocols.
The Transport Layer protocol User Datagram Protocol (UDP) is used. UDP is a component of the UDP/IP family of Internet Protocols. It is a connectionless protocol that is unreliable, unlike TCP. Therefore, establishing a connection is not necessary before data transfer.
Despite the fact that Transmission Control Protocol (TCP) is the predominant transport layer protocol used with the majority of Internet services and offers ensured delivery, dependability, and many other benefits, all of these services come at an additional cost in terms of overhead and delay. UDP enters the scene at this point. UDP is required for real-time services like phone or video communication, live conferencing, and computer gaming. UDP allows packets to be discarded rather than processing delayed packets due to the necessity for high speed.
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which term refers to the network that links together the different aspects of the value chain and coordinates materials, information, and funds from the initial raw-material supplier to the ultimate customer?
The network connecting the various components of the value chain and coordinating materials, data, and funds from the initial raw material supplier to the final customer is referred to as the supply chain.
What is value chain?
From a product's initial design to its delivery to a customer, there are a number of sequential steps that make up a value chain. The supply chain identifies every stage of production, including the sourcing, production, and marketing phases, where value is added. A business analyses its value chain by analysing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost production efficiency in order for a business can provide the most value for the least amount of money.
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a firm underwriting of a municipal bond issue usually has a number of different broker-dealers involved. those who earn a commission on each sale they
Members of the selling syndicate are obligated to sell the bonds that have been assigned to them. The total takedown on each bond sold by a member.
A syndicate is a transient coalition of companies that joins forces to manage a significant transaction that would be challenging or impossible to do independently. When a collection of investment banks cooperates to market a new issue of securities, syndication facilitates the easy pooling of resources and risk sharing among businesses. Underwriting syndicates, banking syndicates, and insurance syndicates are only a few examples of the various sorts of syndicates.
Companies from the same industry typically make up syndicates. To develop a novel medicine, for instance, two pharmaceutical corporations might merge their research and development (R&D) teams by forming a syndicate.
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moving production from a high-cost producer to a low-cost producer will a.raise total surplus. b.lower producer surplus. c.raise producer surplus but lower consumer surplus. d.lower total surplus.
It will increase overall surplus to shift manufacturing from a high-cost producer to a low-cost manufacturer.
Manufacturing is the process of creating or producing items using machinery, labor, tools, and chemical or biological processing or formulation. It is the fundamental component of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, in which primary sector raw materials are turned into finished commodities on a big scale. These products might be given to end users and customers or sold to other manufacturers for use in the creation of more complicated goods.
Manufacturing engineering is the branch of engineering that plans and improves the manufacturing process, or the steps that transform raw materials into a finished good.
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Linda wants to buy some equipment and needs computer software to use the equipment. Linda asks the salesperson if the software is mac-compatible because she owns only one computer and it is a macbook. The salesperson states that the computer software is mac-compatible and many of his customers use the software on their apple computers. The software box offers no information regarding operating system requirements. When linda arrives home and opens the package, she discovers the software is not mac-compatible. The store states it will not accept returns of opened software, and the salesperson says he was relying on what other customers told him. What will be the result if linda files a lawsuit?.
The result if Linda files a lawsuit will be c. Linda wins under an implied warranty of fitness for a particular purpose.
An action is a proceeding by a party or parties against another in the civil court of law. The archaic term" suit in law" is set up in only a few laws still in effect. The term" action" refers to a civil action brought by a complainant that demands a legal or indifferent remedy from a court.
When you sue a person, you file your action against that person, using their legal name and any aliases. You also need that person's address. frequently, it's easy to get this information if you don't normally have it, by looking at any paperwork you may have about the legal disagreement.
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The length of an operating cycle is the time it takes to turn cash into inventory, then inventory into accounts receivable, and then accounts receivable back into cash. This statement is?.
The length of an operating cycle is the time it takes to turn cash into inventory, then inventory into accounts receivable, and then accounts receivable back into cash. This statement is True. Option A
This is further explained below.
What is an operating cycle?Generally, The amount of time it takes for a corporation to acquire things, sell those items, and earn income from the sale of those goods is referred to as an operational cycle.
In conclusion, The amount of time it takes to convert cash into inventory, then inventory into accounts receivable, and finally accounts receivable back into cash is what we mean when we talk about the duration of an operational cycle. This characterization is correct.
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CQ
The length of an operating cycle is the time it takes to turn cash into inventory, then inventory into accounts receivable, and then accounts receivable back into cash. This statement is?.
TRue or False
Jerrod owes $2000 on a credit card that charges him an annual percentage rate of 18%. If jerrod stopped making payments, how long would it be before the balance on his credit card reached $4000?.
It will take Jerrod 4 Years and 2 months to get his balance on his credit card $4000
In this question, it is stated that Jerrod owes $2000 on a credit card that charges him an Annual interest of 18%. If he stops making payments we have to find out how much time will it take for Jerrod to get his credit card balance to $4000.
Taking the annual interest rate of 18%,
first year's due payment will be => 2000 + (18*2000)/100 = $2360
Similarly, second year's due payment => 2360 + (18*2360)/100 = $2784.80
third year, the due payment will be => 2784.80 + (18*2784.80)/100 = $3286
Forth year, due payment => 3286 + (18*3286)/100 = 3877.48
At the beginning of the fifth year approximately 2 months the due payment will reach $4000.
Hence, it will take 4 years and 2 months for the amount to reach $4000.
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a franchisee can operate as an independent businessperson and choose any business form but still obtain the advantages of a regional or national organization.
The statement 'a franchisee can operate as an independent businessperson and choose any business form but still obtain the advantages of a regional or national organization' is true.
In the field of business, a franchise can be described as a business that works under a particular trade name or trademark. As the trade name or trademark is already an established one in the market, it helps the business person to already have an identity and consumers.
The franchisee has the right to operate as an independent businessperson and he can choose to work on any business that he wants. The franchisee will obtain the advantages of a regional or national organization which will help in the business.
Although a part of your question is missing, you might be referring to this question:
A franchisee can operate as an independent businessperson and choose any business form but still obtain the advantages of a regional or national organization. True or false.
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