How do you explain APR to customers?

Answers

Answer 1

The Annual Percentage Rate (APR) is the cost you pay each year to borrow money, including fees, expressed as a percentage. The APR is a broader measure of the cost to you of borrowing money since it reflects not only the interest rate but also the fees that you have to pay to get the loan.

The time period annual percentage rate of charge (APR),corresponding on occasion to a nominal APR and from time to time to an powerful APR (EAPR), is the hobby price for a whole 12 months (annualized), instead of only a month-to-month charge/fee, as carried out on a mortgage, mortgage loan, credit score card, and many others. it's far a finance charge expressed as an annual rate. those terms have formal, criminal definitions in a few international locations or criminal jurisdictions, but inside the u.s.a.:

The nominal APR is the simple-interest rate (for a 12 months).The effective APR is the fee+compound hobby price (calculated throughout a 12 months).

In some areas, the annual percentage charge (APR) is the simplified counterpart to the powerful hobby charge that the borrower pays on a loan. In many countries and jurisdictions, lenders (which includes banks) are required to disclose the "fee" of borrowing in some standardized way as a shape of client safety. The (powerful) APR has been meant to make it less difficult to examine creditors and mortgage alternatives.

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Related Questions

For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization

Answers

Answer:

a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers

Explanation:

B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?

Answers

Answer:

Well typically you would have a realtor contact the home owners. But if u are doing it yourself then you would need to go onto there page that they have it set in call or email them, and they will sign you up for an appointment.

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Answer:

you dont

Explanation:

Customers are demanding your product. Unfortunately, you are struggling to create supply at the same rate. Based on the law of demand, what could you do to decrease the demand?

1. Decrease the supply

2. Decrease the price

3. Increase the supply

4. Increase the Price

Answers

Answer: Increase the Price

Explanation:

Since the customers are demanding for ones product while the supplier is struggling to create supply at the same rate, the way that the supplier can reduce the demand for the product is to increase the price.

According to the law of demand, when price of a product increases, the consumers will demand less for that product and in a situation whereby there's reduction in price, more of the product will be demanded.

We evaluate historical sources by determining if they are valid or reliable.

True
False

Answers

Answer:

True

Explanation:

We evaluate historical sources by determining if they are valid or reliable. The given statement is True.

Why is it important to evaluate historical sources?

You are prompted to use critical thinking skills while evaluating information to consider the authority, timeliness, point of view, and bias of various information sources. A book, article, or website is not always a trustworthy source of knowledge just because your search parameters are met by it.

Evaluating historical sources is an essential aspect of historical research, and determining their validity and reliability is crucial to understanding the past accurately. Validity refers to the accuracy and truthfulness of the information provided by the source, while reliability relates to the consistency and credibility of the source. Both validity and reliability are necessary to ensure that the historical source is trustworthy and can be used to support historical claims.

Thus, the mentioned above-given statement is true.

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According to the video, what are some qualities needed by workers involved in sales? Check all that apply.
physical strength
politeness
first-aid skills
good speaking skills

Answers

Answer:

B and D

Explanation:

According to the video, politeness and good speaking skills are qualities needed by workers involved in sales. Thus, options B and D are the correct options.

What Does a Sales Representative Do?

Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact. It is the perfect job if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly affects how much money you earn.

All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end. Some sales representatives would make cold calls to potential customers they locate in company directories or client referrals. 

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QUESTION 8 of 10: In a percentage lease, the landlord receives a
a) Assets
b) Expenses
c) Accounts payable
O d) Revenue
Submit

Answers

Answer:

d)revenue

Explanation:

the landlord receives a percentage of revenue earned from any business in addition to the base rent.

In a percentage lease, the landlord receives a revenue. Option d is correct.

What is percentage lease?

A percentage lease is defined as one in which the tenant pays a base rent plus a percentage of any money generated while operating a company on the rental property.

A percentage lease pays the landlord a percentage of any business's revenue in addition to the base rent.

In comparison to a standard lease, the base rent is usually lower. The lower base rent is balanced out by the higher upside potential of a percentage lease.

Therefore, option d is correct.

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Kamal, Kamala, Krishna invert a sum of RS= 30,000 on a business in the ratio 2 : 3 : 5. Find the each of their investment.​

Answers

Answer:

3000kamal

9000kamala

15000krishna

Explanation:

let the unknown investment be x

now

2x+3x+5x=30000

10x=30000x

x=30000/10

x=3000

again;

2x=2×3000=6000

3x=3×3000=9000

5x=5×3000=15000

wise it is correct

Answer:

Kamal

2×30000÷10 = 6000

Kamala

3×30000÷10= 9000

Krishna

5×30000÷ 10= 15000

Explanation:

Kamal _ RS = 6000

Kamala _RS =9000

Krishna _RS=1,5000

Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is

Answers

Answer:

$0.40

Explanation:

Total Cost of Goods Sold = Sales revenue - Desired profit

Total Cost of Goods Sold = ($2*50,000) - $70,000

Total Cost of Goods Sold = $100,000 - $70,000

Total Cost of Goods Sold = $30,000

Target cost per bottle = Total cost of goods sold / Units sold

Target cost per bottle = $20,000/50,000

Target cost per bottle = $0.40

So, the target cost per bottle will be $0.40

Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period

Answers

The best definition of liability is anything your company owes to someone besides the business owner (option a).

What is liability?

Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.

Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.

Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.

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Quick Corp. has $270,000 of outstanding accounts receivable. On March 10, Quick assigned to Taft for value (consideration) a $30,000 account receivable due from Pine, one of Quick Corp.'s customers. On March 30, Pine paid Quick Corp. the $30,000. On April 5, Taft notified Pine of the March 10 assignment from Quick to Taft. Taft is entitled to collect $30,000 from Select one: a. Neither Quick nor Pine. b. Quick only. c. Pine only. d. Either Quick or Pine

Answers

Answer:

b. Quick only

Explanation:

According to the given situation, since Taft bank collected the money from Quick corporation as not from Pine because the company would failed to inform pine assignment from quick corporation on time So the taft would be collected from Quick only

Hence, the correct option is b

And, the rest of the options would be considered incorrect

3.____What type of insurance covers damage done to your car by another car when the accident is your fault?
B. Property Damage
C. Medical payment
C. Collision
D.All the above

Answers

Collision I had this question once on my test

One advantage of a market-product grid is that it can be used to Multiple Choice relate the product life cycle to consumer demand. determine which target market segments to select and which product groupings to offer. screen many new-product ideas in order to select the one with the best long-run market potential. select representative samples of consumers for marketing research studies. make cost-cutting decisions under conditions of uncertainty.

Answers

Answer:

The answer is "relate the product life cycle to consumer demand".

Explanation:

An Ansoff matrix or maybe a project director grid is also considered a consumer product grid. This is tool companies use to build a plan of development. New and existing markets, new and existing products as well as the uncertainties of any potential relationship are addressed,  that's why one of the benefits is to the consumer-product grid is that it could be used to connect probable product sales to future market segments.

Which aspect of the organization should Albert have been aware of before joining it?
Albert has recently joined a business organization. After a few weeks, he has realized that he is not happy with the organization's values,
management style, and policies. He is thus finding it difficult to perform daily tasks. He wishes he had found some information about the
organization's
before joining it

Answers

Answer:

well you have to think before taking action in something

Benedict Company leased equipment to Mark, Inc., on January 1, Year 2. The lease is for an 8-year period expiring December 31, Year 9. The first of 8 equal annual payments of $600,000 was made on January 1, Year 2. Benedict had purchased the equipment on December 29, Year 1, for $3,200,000. The lease is appropriately accounted for as a sales-type lease by Benedict. Assume that the present value at January 1, Year 2, of all rent payments over the lease term discounted at a 10% interest rate was $3,520,000. What amount of interest income should Benedict record in Year 3 (the second year of the lease period) as a result of the lease

Answers

Answer:

$261,200    

Explanation:

The computation of the interest income for the year 3 is shown below:

DATE          Annual payment   Interest revenue  Reduction  Net investment

On Jan 1                                                                                       $3,520,000

On Jan 1       $600,000                 $0                    $600,000   $2,920,000

On Jan 1, year 2 $600,000    $292,000             $308,000    $2,612,000

On jan1, year 3   $600,000     $261,200           $338,800      $2,273,200

30 points please help!
The incredible Ice cream company wants to preserve their secret recipes for their ice cream products. They require all employees to sign a document stating they will not work for a competing ice cream company or open their own ice cream business. Which type of document do employees sign?

a. non-compete agreement
b. partnership agreement
c. confidentiality agreement

Answers

Answer:

B.

Explanation:

Answer:

i believe is A. non compete agreement

Explanation:

is easy i did it

if it was helpfully pls give me points and a heart

B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?

Answers

Answer:

conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through

1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

Answers

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

Drag the tiles to the correct boxes to complete the pairs.
Match the branches of study term to the examples.
Science
Engineering
Technology
Mathematics
Wi-Fi
sodium reacts with chlorine
to form sodium chloride
traffic signal design
determine the percentage
loss in sales of a product

Answers

Answer:

I. Science.

II. Engineering.

III. Mathematics.

Explanation:

Environmental science can be defined as an interdisciplinary field of science that comprises of chemistry, economics, engineering, zoology, geography, geology, biology, ecology, physics, etc., used for the study and understanding of various environmental factors, issues in relation to human life.

Some of the branches of study term matched to their respective example include the following;

I. Science: sodium reacts with chlorine to form sodium chloride. Science can be defined as a branch of intellectual and practical study which systematically observe a body of fact in relation to the structure and behavior of non-living and living organisms (animals, plants and humans) in the natural world through experiments.

II. Engineering: traffic signal design. Engineers are saddled with the responsibility of designing and developing end user (customers) physical tools or equipments, which are used for a specific purpose.

III. Mathematics: determine the percentage loss in sales of a product. This branch of study deals with solving for unknown variables or quantities in a mathematical expression.

Answer:

WI-Fi -Technology

sodium reacts with chlorine

to form sodium chloride-----------Science

traffic signal design------------------Engineering

determine the percentage

loss in sales of a product---------------Mathematics

Explanation:

If you were a salesperson, what would be the most challenging part of the sales process for you? Explain.

Answers

The most challenging part for me would be overcoming objections because there are so many possible objections a customer could have. Also if the customer doesn't know their needs this can be even harder to accomplish.

"Market Equilibrium" is...
A. The quantity where no more buyers want to buy stock
B. The price range where the quantity supplied equals the quantity demanded
C. What happens when there are the same number of buyers and sellers
D. Where the most trades are made

Answers

Answer: B

Explanation: Market equilibrium is when the quantity demanded and quantity supplied are equal

hope this helps good luck :))

Wanna win 10$ on cashapp??

Answers

Answer:

How can you do this?

Explanation:

Below is the income tax system for the country of Genovia.


For income from $0 to $100, no income tax.

For all income above $100 but less than $400, the tax rate is 20%.

For all income above $400, the tax rate is 40%.

Jane Doe’s income is $500. What is her AVERAGE tax rate?


Group of answer choices


40%


33%


50%


20%


25%

Answers

Answer:

24%

Explanation:

The computation of the average tax rate is shown below:

Given that

From income $0 to $100, no income tax is applicable

From income above $100  upto $400, the tax rate is 20%

The income above $400, the tax rate is 40%

So based on the above information

Since the Jane doe income is $500

So here the average tax rate is

= (400 × 0.20) + (100 × 0.40) ÷ $500

= ($80  + $40) ÷ ($500)

= ($120) ÷ ($500)

= 24%

This is the answer but the same is not provided in the given options

When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)

A) easy-money business.


B) hit-and-run business.


C) failure.


D) missing opportunity.

Answers

The answer is hit and run business

Answer:

The answer is B. Hit-and-run business.

Explanation:

Technology plays a role in a variety of industries and the ways that technology impacts marketing are vast and diverse. In a concise one-paragraph summary, narrow down the use of technology in marketing and explain the importance of computers and the internet in marketing.

Answers

Answer:

Marketing is a commercial practice by which companies seek to promote their products, trying to attract consumers through advertisements, promotional campaigns and market research, aimed at meeting the needs of consumers. For this, companies rely on technology (internet, television, radio, etc.) to be able to massify their products, advertising them through the mass media. Within this process, the internet is one of the most important marketing tools, since it allows companies to reach all parts of the world, where potential consumers from any territory can see the advertisements just one click away.

2.____What is auto insurance based on in IL?
A. How much money you have
B. Fault
C. Your job
D. How tall you are

Answers

i think it’s B, but i’m not 100%

The business cycle affects output and employment in capital and durable goods industries more severely than in industries producing non-durable goods because, ______. Multiple choice question. during a boom, business investment in new capital goods and consumer spending on new durable goods decline sharply during a recession, business and consumer spending on nondurable goods decline sharply during a recession, business investment in new capital goods and consumer spending on new durable goods rise sharply during a recession, business investment in new capital goods and consumer spending on new durable goods can be postponed

Answers

Answer:

During a recession business investment in new capital goods and consumer spending on new durable goods can be postponed

Explanation:

The business cycle are simply cycles or series of cycles of economic expansion and contraction.

An Economic expansion is simply defined as an increase in the level of economic activity, goods and services available. It is a period of economic growth usually measured by a rise in real GDP.

Economic growth

Economic growth is an increase in the capacity of an economy to produce goods and services, usuallycompared from one period of time to another time.

The four phases of the business cycle are;

1. Peak

2.Recession

3. Trough

4. Expansion

The length of a complete cycle usually varies from 2-3 years to 15 years.

Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.

Answers

Answer:

The correct answer is D. Consider the criticism as a learning experience.

Explanation:

Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.

When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.

Jorge has been audited by the IRS. He is hoping that the process will be very simple. Which type of audit would Jorge MOST likely find to be the easiest to deal with?

Answers

Answer:

Correspondence audit

Explanation:

The Internal Revenue Service conducts 3 types of audits. That is correspondence, field, and office audit.

The easiest and most common one is the correspondence audit that involves communication via mail.

The IRS send request for documents concerning a particular issue. Usually a Mathematica error on you part when filling the form or am ommission of an income on tax return.

This is easily resolved by sending the required documents.

The other two types of audit are more difficult to handle. Office audit is in person interview regarding issues o your tax return.

Field audit is an in depth audit of various items regarding your busuness

Answer:

Correspondence Audit

Explanation:

What do you mean by search of trade?‌Why is it essential?​

Answers

Answer:

trade means buying and selling good and service

Answer:

it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.

What do you mean by accountability?​

Answers

Accountability is when an individual or department experiences consequences for their performance or actions. Accountability is essential for an organization and for a society. Without it, it is difficult to get people to assume ownership of their own actions because they believe they will not face any consequences.

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find the range of the function f(x) = x^2 - 6x if the domain is (-7, -2, 1) eliminate the parameter t to find a Cartesian equation for: x=t2 y=2+3t x=Ay2+By+C Where A=________ B=__________ and C=________ If you can give step by step help that is GREATLYappreciated!!! What is the median of the number 445 767 712 and 3? Using the definitional formula, compute Ss, variance and the standard deviation for the following population of scores. Scores: 1, 8, 0, 4,2 SS 40 variance 10 standard deviation 3.16 5. How do Kor's experiences at the trial relate to her ideas about justice? What are the 5 characteristics of digital painting? What is the solution of the system of equations 6x 2y 4 9x 3y 12? How does Frost present nature in this poem answer? Which of the following has the largest percent by mass of carbon?a.CaCO3b.CO2c.NaHCO3d.CH4 Replace the loading system acting onthe beam by an equivalent resultantforce and couple moment at point O. In 2010, the population of a city was 193,000. From 2010 to 2015, the population grew by 6%. From 2015 to 2020, it fell by 3%. How much did the population decrease from 2015 to 2020, to the nearest 100 people? solve the simultaneous equation:6x+y=293x-y=7 Emily is developing a computer model of protist populations in certain areas of the ocean, and how they help maintain homeostasis in ecosystems. Photosynthetic protists play essential roles in the environment, especially in oceans and lakes. If a hypothetical catastrophic event drastically reduced the population of zooxanthellae, a photosynthetic protist with a specific habitat, which statement describes the most likely result? A. Almost half of the photosynthesis occurring on Earth would be in jeopardy, and species from shrimp to whales would lose an important food source. B. Kelp forests would experience a drastic reduction in size, eliminating shelter for many marine species and a food source for sea urchins. C. The health of coral reefs would suffer and reef populations would decrease in size and stability. D. The equilibrium of the ecosystem surrounding hydrothermal vents would be upset, leading to loss of diversification. What is the difference between a national bank and a community bank? What is a super PAC ? What was a positive impact of political machines in the late 19th and early 20th centuries? Which kind of essay uses the five senses to enhance the imagery of the setting? An object is located 50.0cm from a converging lens having a focal length of 15.0cm. Which of the following statements is true regarding the image formed by the lens?A. It is virtual, upright, and larger than the objectB. It is real, inverted, and smaller than the object.C. It is virtual, inverted, and smaller than the object.D. It is real, inverted, and larger than the object. What is the CDC recommendation for the influenza vaccine for health care personnel? Between 1820 and 1850, some Americans discriminated against German immigrants because theywere Protestant.did not speak English.were hired as skilled workers.wanted to become farmers.