The given statement ''the periodic interest rate for a loan with an annual interest rate of 15.98% compounded weekly is 0.3073%, rounded to four decimal places'' is true.
How do you calculate periodic interest rate?The annual interest rate divided by the number of times interest accumulates annually gives us the periodic interest rate. In many bank accounts, for instance, interest is compounded either monthly or even daily.A periodic interest rate is one that can be applied to a loan or earned on an investment over a given time frame. Although interest rates are usually compounded more frequently than once a year, lenders normally quote them on an annual basis.In order to determine a daily periodic rate, divide the annual percentage rate (APR) by 365 days (or 360 days for some businesses), a monthly periodic rate by 12 months, and a quarterly periodic rate by 4.
Given data :
periodic interest rate is annual interest rate divided by the number of times per year interest compounds so,
we have;
Annual interest rate = 15.98%
no.of week in a year= 52
so ;
periodic interest rate=15.98%/52
=0.3073%,
so the given statement is true.
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A business using the retail method of inventory costing determines that merchandise inventory at retail is $492,100. If the ratio of
cost to retail price is 53%, what is the amount of inventory to be reported on the financial statements?
Answer:
The amount of inventory to be reported on the financial statements is:
$260,813
Explanation: a) Data and Calculations:
Inventory at retail = 492,100
Ratio of cost to retail price = 53%
Amount of inventory to report = $492,100* 53% = $260,813
b) Inventory is usually reported at the cost in the financial statements. While the business may ascertain its inventory at retail prices, it will still report the inventory at cost prices in the financial statements. Because of the many drawbacks of the retail method, it is not always used. For instance, the method does not work if the entity does not have a consistent markup across all products that are sold.
marketing activities amount to about one-half of every dollar that consumers spend.
Marketing activities amount to about one-half of every dollar that consumers spend is true.
What is marketing?⇒ Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasize in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the price, discounts, warranty, and return policy. The seller, who is usually a manufacturer or merchant, is responsible for marketing.
It is one of the fundamental elements of business administration and trade. Marketers can target either customers directly or other businesses (B2B marketing) (B2C marketing).
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1. What action should the Federal Open Market Committee (FOMC) take if it
sees signs of inflation rising above 2% and believes inflation will continue to
rise if it takes no action?
2. Explain how the action you suggest will work to control inflation.
Answer: Governments can use wage and price controls to fight inflation, but that can cause recession and job losses
Explanation: Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
I llustrative
Mathematics
5. Several college students are surveyed about their college location and preferred
locations for a spring break trip.
college near the coast college away from the coast
beach break
37
54
ski break
24
36
a. What percentage of people who prefer to spend spring break at the beach go to
te college away from the coast?
As per the surveys made on the college students who prefer to spend spring break at the beach go the college away from the coast.
There were several students were surveyed to understand the preference of people.
To calculate the percentage during beach break:
Given,
College near coast = 37
College away from coast = 54
Total = College near coast + College away from coast
Total = 37 + 54
= 91
Percentage = College away from the coast ÷ Total × 100
= 54 ÷ 91 × 100
= 59.34 %
Thus, 59.34 % of the surveyed students who prefer to spend spring break at the beach go to a college away from the coast.
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the payment of hu's debt to ian is guaranteed by hu's personal property. to give public notice of his interest in hu's property, ian is most likely to
In this situation Ian is most likely to file a financing statement with the appropriate authority.
What do you mean by financing?Finance is the process of obtaining funds or capital for any kind of expenditure. It is the process of allocating different financial resources, such as credit, loans, and invested capital, to the areas of the economy that may most benefit from them.
How are loans and funding different?Financing means taking out and repaying a car loan over time. When you take out a car loan, you agree to pay it back within the specified time frame along with interest and any costs. By looking around and comparing loan options, you might be able to save a significant amount of money on interest and fees.
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Stockholders are individuals who _____________.
A shareholder is an individual who holds one or more shares of stock in a public or private business. Shareholders receive ownership rights based on the percentage of corporation stock they possess.
What exactly are shareholders, and what is the distinction between stockholder and shareholder?A shareholder of a corporation is an individual or legal entity who is registered as the legal owner of shares of a public or private corporation's share capital by the corporation. Shareholders are individuals who are owners of a corporation.
To get into the nitty-gritty of the phrase, "stockholder" officially refers to the owner of the stock, which might be interpreted as inventory rather than shares." Shareholder," on the other hand, refers to the owner of a share, which may only apply to an equity position in a corporation.
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What are the benefits of cultivating and successfully demonstrating work ethic? What are the drawbacks of not doing so?
Answer:
Explanation:
The benefits of cultivating and successfully demonstrating work ethics would be, being able to get a better or a good job, getting promoted, and/or having your wage increased. If you don't show work ethic you will mostly likely get fired and others people would not want to hire you, and if they did they'd end up with a bad job that doesn't pay too well.
if a firm permanently borrows $60 million at an interest rate 8 percent what is the present value of tax shield
The present value of tax shield with marginal corporate tax 21% is $ 12.6 million .
Who benefits from the Tax Shield?
A tax shield is a reduction in a person's or business's taxable income achieved by claiming deductions such as mortgage interest, medical expenses, charitable contributions, amortization, and depreciation.
Evaluating present value of tax :
Borrowing = $60
marginal corporate tax = 21%
PV of interest tax shield = (0.21)(60)
= $ 12.6 million
Present value of tax shield = $12.6 million
Marginal tax rate :Marginal tax rate refers to the tax rate applied to the last dollar of a company's taxable income based on each jurisdiction statutory tax rate. This tax rate depends in part on the tax rate the company occupies (for US companies, the federal corporate tax rate). 35%). The marginal tax rate is used to tax income statement items in the normalized net income calculation.
Question is incomplete, missing part is given below :
if a firm permanently borrows $60 million at an interest rate 8 percent what is the present value of tax shield( assuming the marginal corporate tax rate is 21 percent.)
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A budgeting process that starts with a clean slate and involves justifying resource requirements based on an analysis and prioritization of organizational objectives is called _____ budgeting.
A budgeting procedure that begins off evolved with a easy slate and includes justifying useful resource necessities primarily based totally on an evaluation and prioritization of organizational targets is called B. 0-primarily based totally budgeting.
The required details for Zero-based budgeting in given paragraph
Zero-primarily based totally budgeting (ZBB) is a technique of budgeting wherein all expenses need to be justified for every new period. The procedure of 0-primarily based totally budgeting begins off evolved from a "0 base," and each feature inside an organization is analyzed for its desires and expenses. The budgets are then constructed round what is wanted for the imminent period, irrespective of whether or not every price range is better or decrease than the preceding one. Zero-primarily based totally budgeting is a way utilized by companies, however this sort of budgeting may be utilized by people and families. Budgets are created across the financial desires for every upcoming period, like a month.
Traditional budgeting and 0-primarily based totally budgeting are techniques used to music expenditures. Zero-primarily based totally budgeting allows managers address decrease expenses in a company.
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Complete question
A budgeting process that involves justifying resource requirements based on an analysis and prioritization of organizational objectives is called:
A. continuous budgeting.
B. zero-based budgeting.
C. discretionary budgeting.
D. single-period budgeting.
if the objective of government is to achieve allocative efficiency, what kind of price should government establish for the monopolist?
The government should establish a price for the monopolist that is equal to the marginal cost of production. This will ensure that the monopolist does not earn excess profits, and that the most efficient level of output is produced.
What is monopoly?
According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the sole supplier of the a specific good or service. This contrasts with oligopoly and duopoly, which involve a small number of sellers controlling a market, and monopsony, which refers to a solitary entity's control of the a market to buy a good or service. Thus, the absence of competitiveness to produce the product or service, the absence of effective substitutes, and the potential for a high monopoly price above the seller's variable costs that results in a high monopoly profit are the characteristics of monopolies.
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a property owner contracted to have a swimming pool installed on her property. when the pool was completed, she refused to pay for the improvement, and the contractor filed a lien for nonpayment. this lien was most likely a
A property owner contracted to have a swimming pool installed on her property. when the pool was completed, she refused to pay, contractor filed a lien for nonpayment. this lien was most likely a specific lien.
What is a specific lien?A specific lien, on the other hand, is one that is attached to a particular item. As an illustration, a mortgage bank holds a lien on the real estate they funded. An asset was explicitly given as collateral for a loan or credit in a specific lien.Any personal or real property is covered by a general lien. It is specific if it applies just to one particular property, such a home for which a mortgage is applied.Specific liens might include, for instance: -A property tax lien when taxes are not paid. When a mortgage is utilized as finance, a mortgage lien results. -Mechanic's lien when the job is not reimbursed.Learn more about specific lien refer to :
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ceteris paribus, what do you expect to happen to the equilibrium quantity of pollution prevented if the marginal benefit of pollution prevention decreases? multiple choice question.
Correct reply is Equilibrium quantity increases.
Equilibrium extent is when there is no scarcity or surplus of a product in the market. Supply and demand intersect, which means the quantity of an item that consumers favor to purchase is equal to the amount being supplied by using its producers.
How do you find whole equilibrium quantity?It can be calculated by way of fixing the demand and supply function (Qa – bP = x + yP). Solving the equation when the supply equals the demand offers an equilibrium price.
How does equilibrium extent change?A minimize in demand will motive the equilibrium charge to fall; volume furnished will decrease. An increase in supply, all other matters unchanged, will purpose the equilibrium rate to fall; quantity demanded will increase. A decrease in furnish will motive the equilibrium price to rise; extent demanded will decrease.
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https://brainly.com/question/26075805#SPJ4retirement planning includes all of the following except: a. changes in the amount of free time available. b. changes in perceptions of family members. c. financial planning. d. recognition of lifestyle changes.
Retirement planning includes changes in perceptions of family members.
What five things should you consider when you plan for retirement?Recognizing the five typical retirement risk factorsLongevity. Even though none of us can anticipate our exact lifespans, those who are 65 years old have a good likelihood of living in retirement for 20 years or more. ...Inflation, market turbulence, health care/unexpected expenditures, withdrawal strategy, and other factors.The process of retirement planning entails identifying desired levels of retirement income and the necessary resources. Identifying income sources, estimating costs, putting a savings strategy in place, and managing assets and risk are all part of retirement planning.This point was made for a number of years using an older metaphor. Benefits from Social Security were once referred to as one leg of a three-legged stool that also included private pensions, savings, and investments.To learn more about Retirement planning refer to:
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after researching valero energy common stock, sandra pearson is convinced the stock is overpriced. she contacts her account executive and arranges to sell short 300 shares of valero energy. at the time of the sale, a share of common stock had a value of $101. three months later, valero energy is selling for $45 a share, and sandra instructs her broker to cover her short transaction. total commissions to buy and sell the stock were $135. what is her profit for this short transaction?
Sandra's profit for this short transaction is $13,845 ($16,200 - $135 - $2,220).
What is shares?Shares are units of ownership of a company that are sold to the public. They represent a claim on the company’s assets and earnings and are traded on the stock market. When a person buys shares in a company, they become a shareholder and are entitled to receive dividends as well as voting rights at the company’s annual general meeting. Shares can also be bought and sold by investors, allowing them to benefit from any increase in the value of the company. Investing in shares can be a great way to grow wealth over the long term, but it can also involve risk and should be done with caution.
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Sandra Pearson had conducted analysis on Valero Energy Common Stock and holds the conclusion that the share is undervalued. The profit from her short sale is $16,665.
What precisely does stock mean?A stock is a colloquial term for any company's equity certificates. On the contrary hand, a share references to an specific company's stock certificate. You become a member if you possess shares of a particular corporation.
Briefing:-
Profit
=[(Selling price − Purchase price) × Number of shares] − Commissions
=[($101 - $45) × 300] - $135
= ($56 × 300) - $135
= $16,800 - $135
= $16,665
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the text notes two ways a company can address the economic risk that comes from foreign investments. what are those two ways?
The two ways are, revise future cash flows from the project downward increase discount rate for high risk.
What are the economic risk that comes from foreign investments?For someone like you who invests, investment risk is the degree of uncertainty and/or potential financial loss associated with a decision to make an investment. In other words, you can't be certain if investing your money will result in the profits you want or unexpected losses. Despite the fact that product names and descriptions frequently alter, some examples of high-risk investments include: (also known as cryptos) Mini-bonds (also termed high interest return bonds) (sometimes called high interest return bonds) banking on land.The two ways are, revise future cash flows from the project downward increase discount rate for high risk.Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk
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sunshine company manufactures 100,000 table fans every year with a unit selling price what is the $c of a table fan g
Fans are used for circulating air in rooms and buildings; for cooling motors and transmissions;
How does a table fan work?Table fans have a single-phase induction motor which is the main part of it. When the fan is switched on, the electric current reaches the motor of the fan and immediately reaches the coil of the wire which is wrapped around the core. Then electricity generates and the blades start rotating.The rotation mechanism of the ceiling fan is built in way so as to attract the warm air upwards. As the hot air rises up, the blades of the fan slice this air and push it down. This being a continuous process causes the air in the room to circulate in the entire room. Thus, a ceiling fan only moves the air around.A table fan is a great addition to your home. Not only because of its effective cooling but also because it is an energy-efficient and eco-friendly option as compared to alternatives like air conditioners that emit harmful gases and chemicals into the atmosphere.Total number of units= 10000.
Selling price= $60 per unit.
The material cost= $10 per fa
Labor cost= $15 per unit.
Promotion and marketing cost= $100000.
Facility expense= $80000.
Other overhead cost= $20,000.
Now, finding the variable cost of fan.
Variable cost=Total materisl cost+labor cost
Variable cost=($100000+$150000=$250000
Variable cost= $250000.
Selling price=($60*10000=$600000
Selling price of fan is $600000.
Unit contribution=(selling price-variable cost)
Next find the unit contribution of each fan.
⇒ Unit contribution= ($600000-$250000)
Unit contribution of each fan is $350000.
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the following taxpayers are covered by an employer-sponsored retirement plan. which one may fully deduct their traditional ira contribution in 2021?
A single filer with no employer-sponsored retirement diagram can deduct the full amount of a ordinary IRA contribution.
2 However, if you are included by using a retirement sketch at work, then these income restrictions apply: A full deduction is on hand if your modified AGI is $68,000 or much less for 2022 ($73,000 for 2023).
Can you deduct Roth IRA contributions?You can't deduct contributions to a Roth IRA. However, the withdrawals you make all through retirement can be tax-free. They should be certified distributions. You can withdraw contributions at any time besides tax or penalty.
No retirement design at work: Your deduction is allowed in full if you (and your spouse, if you are married) don't seem to be blanketed by using a retirement format at work.
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https://brainly.com/question/2108625#SPJ4information that includes data about employee salaries is considered what type of information?
Salary information is frequently regarded as confidential and proprietary information because if it were to get out, competitors might use it against you to learn about your company's financial status.
When an employer "adversely acts" against an employee due to a protected characteristic or conduct, this is discrimination. Termination, a reduction in rank, a wage cut, or an unfavourable transfer are all examples of adverse actions. An employee information who is blatantly disobedient to a management or business owner is said to be acting financial status.. Refusal to follow instructions from a superior is an example of insubordination. showing disrespect to superiors through the use of crude or mocking language.
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exeter has a material standard of 1 pound per unit of output. each pound has a standard price of $26 per pound. during july, exeter paid $142,000 for 5,030 pounds, which they used to produce 4,790 units. what is the direct materials price variance? (do not round your intermediate calculations.)
Note that in the above scenario, the direct materials price variance is: $10,547.90.
What is Direct Material Price Variance?The direct materials price variance is defined as the difference between the actual price paid for materials and the standard price for those materials.
To calculate the direct materials price variance, you first need to determine the standard cost of the materials used during the period in question.
The standard cost of materials = Standard quantity of materials x Standard price per unit
= 1 pound per unit x $26 per pound
= $26 per unit
Next, we compute the actual cost of the materials used during July. This is given as:
Actual cost of materials = Total amount paid for materials / Total quantity of materials used
= $142,000 / 5,030 pounds
= $28.09 per pound
Finally, you can calculate the direct materials price variance by subtracting the standard cost of the materials from the actual cost of the materials:
Direct materials price variance = Actual cost of materials - Standard cost of materials
That is
= $28.09 per pound - $26 per pound
= $2.09 per pound
Hence, the Direct materials price variance is:
2.09 x 5030
= $10,547.90.
Thus, it is correct to state that the direct materials price variance is: $10,547.90.
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excluding farmworkers, the service sector accounts for what percentage of jobs in the united states?
Excluding farmworkers around 80% people are engaged in the service sector.
Explain in detail.
According to the U.S., the service sector creates intangible things, or more specifically, services rather than goods According to the Census Bureau, it includes a variety of service businesses, such as waste management, professional services, securities and other investment services, transportation and warehousing services, and information services.The four aggregate macroeconomic sectors that make up the fundamental framework for the macroeconomic analysis are household, business, government, and foreign, which together account for four of the gross domestic product's expenditures. These four industries are the main "actors" on the macroeconomic stage.To know more about Service sector here
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In a perfectly competitive market, a single firm is a price taker, meaning that they only charge the...
A flawlessly aggressive corporation is a fee taker, this means that that it ought to take delivery of the equilibrium fee at which it sells goods.
The required details for Equilibrium in given paragraph
Equilibrium is the country wherein marketplace deliver and call for stability every other, and as a end result fees end up stable. Generally, an over-deliver of products or offerings reasons fees to go down, which ends up in better call for—even as an under-deliver or scarcity reasons fees to move up ensuing in much less call for. The balancing impact of deliver and call for consequences in a country of equilibrium. A marketplace is stated to have reached equilibrium fee whilst the deliver of products fits call for. A marketplace in equilibrium demonstrates 3 characteristics: the conduct of marketers is consistent, there aren't any incentives for marketers to alternate conduct, and a dynamic method governs equilibrium outcomes. There are numerous varieties of equilibrium utilized in economics. Disequilibrium is the other of equilibrium and it's miles characterized through modifications in situations that have an effect on marketplace equilibrium.
In reality, markets are in no way in ideal equilibrium, even though fees do have a tendency in the direction of it.
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suppose the federal reserve decided to buy $20 billion worth of government securities in the open market. how will the lending capacity of the banking system be affected if the reserve requirement is 10 percent?
The lending capacity of the banking system be affected if the reserve requirement is 10 percent is 2 billion.
How will the lending capacity of the banking?If the required percentage of reserves is 10%, the money supply reserve multiplier is 10 and the required amount of reserves should be 10 times the money supply. If a bank's reserve requirement is 10%, it can lend out 90% of its deposits.The amount of reserves, or cash deposits, that a bank must have on hand and refrain from lending out, is known as the reserve ratio. Less money may be lent by a bank the higher the reserve requirement, but this extra cash also helps the bank avoid failure and strengthens its balance sheet.Suppose the federal reserve decided to buy $20 billion worth of government securities in the open market.
$20 billion *10% = 2 billion.
The lending capacity of the banking system be affected if the reserve requirement is 10 percent is 2 billion.
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If the japanese government imposes tariffs on imported foreign rice, the result will be….
Answer:
Explanation:
If the Japanese government imposes tariffs on imported foreign rice, the result will be... an decrease in employment in the Japanese rice industry.
the one-year interest rate is 4.80% and the two-year interest rate is 5.13%. what is the one-year interest rate one year from now? assume the rates are effective annual rates.
An interest rate tells you how much it costs to borrow money or how much it pays to save money. Hence interest rate is 5.46% .
What is interest rate ?So, if you're a borrower, the interest rate is the amount you pay for borrowing money, expressed as a percentage of the total loan amount. For a given loan size, the higher the percentage, the more you must pay back.
If you save, the savings rate indicates how much money will be deposited into your account as a percentage of your total savings. The higher the savings rate, the more money will be deposited into your account for a given deposit size.
Two year interest rate = 5.13%
One year interest rate = 4.8%
(1+0.0513)^2 = (1+0.048)*(1+x)
one year interest (x) = 5.46 %
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which of the following best describes a limitation of long-term hedging? hedging with currency call options on payables requires the mnc to sell that currency. repeatedly hedging short-term payables always leads to lower cash outflows than long term hedging. when engaging in long-term hedging, exchange rate exposure in the distant future is not known. there are no limitations to long-term hedging.
The option that best describes a limitation of long-term hedging is option C: when engaging in long-term hedging, exchange rate exposure in the distant future is not known.
What is long hedge and short hedge?By purchasing a long-term futures contract, you can protect your current position. Basis is the difference between an underlying asset's spot price and its expected future price.
In a long position, the buyer is betting that the price of the commodity will increase in the future. The gain from the futures position helps to offset the higher cost of the commodity if the price of the thing increases.
Therefore, use of futures as a form of stock hedging as opposed to options has one significant drawback. The value of the futures you are short will move in the opposite direction, or down, if the stock market does increase. With alternatives, less of this occurs.
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Your friend is thinking of hiring a financial planner to help him manage her portfolio. What should she be on the lookout for? Why?
Since my friend is thinking of hiring a financial planner to help him manage her portfolio. The things that she should on the lookout for are: What should I invest, and how much? How much money do I currently have?
How do you think does the financial planner helps a person when it comes to their finances?A financial advisor assists clients in developing long-term plans for increasing wealth and controlling risk. You can use them to manage, track, and balance your portfolio of investments. In addition, they may aid with a variety of other financial decisions and difficulties.
Financial planning is the process of setting broad financial goals and formulating a strategy to attain them. Portfolio management is the act of setting up and maintaining an investment account.
Therefore, the Focus on the advisor's compensation as well as the whole costs of their approach, such as taxes, trading fees, and fund expense ratios, advises David Oransky, a CFP® and financial planner at Laminar Wealth.
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if the purchasing department paid $1,755.00 for the initial flour purchase, what was splish's dm efficiency variance?
Purchasing departments are at the centre of successful supply chain management.
What are purchasing department responsible for?
They frequently act as controllers to ensure budget conformity by assisting other departments in identifying their needs, managing the requisition process and sourcing competitive costs. When something is purchased, it signifies that it has been obtained from an outside source. The goal of the buy department is to coordinate the procurement from an outside agency or source of the materials, spare parts, services, or semi-finished goods that the organisation needs to manufacture the intended result. When it comes to consistently buying high-quality goods that come as close to a specified level as feasible, the buyer's skill is the deciding element. The main factor in quality purchasing is choosing the best option for the business. The grade or brand of the desired quality should be specified.To learn more about purchasing department refer to:
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If you borrow $10,000 with a 1% origination fee of $100, how will it affect the amount of loan money you receive and how much you must pay back later?.
If you borrow $10,000 and pay a 1% origination charge of $100, you will receive $9,900 but must repay the whole $10,000 later.
What is the origination fee?An origination fee is a cost charged by the lender to the borrower for making the mortgage loan. The origination fee may cover application processing, loan underwriting and funding, and other administrative services. Only under exceptional situations may origination fees be raised. A loan origination fee is often levied as a percentage of the loan amount. In addition, lender origination costs are typically between 0.5% and 1% of the loan amount, plus any mortgage points connected with your interest rate.
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Malcolm said that he has no choice but to go ahead with the website changes. This suggests his power is lessened due to a low level of.
Malcolm stated that he does not have an option but to proceed with the website updates. This implies that his strength is diminished owing to a low level of substitutability.
What is substitutability means?A replacement, or substitutable good, is a product or service that buyers consider to be essentially the same or similar enough to another product in economics and consumer theory. Simply put, a replacement product is one that may be used in lieu of another. While bringing excellent goods to market is critical, these products do not necessarily generate more revenue for the firm. Customers choose to purchase new product B over old product A since they perform fairly comparable functions. This is an example of product substitutability in action.
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If you borrow $10,000 with a 1% origination fee of $100, how will it affect the amount of loan money you receive and how much you must pay back later?.
Answer:
9,000
Explanation:
9,000