A budget is a plan you make to decide how you spend your money.
To make a budget you must decide how much of your money you want to spend and how much of it you want to set aside. To balance a budget, keep track of all your expenses, payments, and income.
Why should people be cautious when considering a loan with a variable
interest rate?
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A. Borrowers are locked in at the rate that is offered.
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B. The interest rate may increase after an introductory period.
C. The interest rate may decrease if more competitive rates are
offered
D. An annual percentage rate is not required on variable rates.
Answer: B - The interest rate may increase after an inductor period.
B. The interest rate may increase after an introductory period.
What Is the Danger of Taking a Variable Rate Loan?Your lender can trade your hobby fee at any time. at the same time as this does present possibilities for lower interest quotes, you could additionally be assessed hobby at better costs that are increasingly developing. there may be no way of understanding what your future hobby fee exams could be underneath a variable fee agreement. Therefore, you can grow to be with insufficient coins glide to pay down monthly payments as the one's payments may also grow inside the future.
Interest costs are much more likely to decline all through periods of slower financial interest. To encourage business improvement and process advent, the Federal Reserve will often decrease fees which forces decreased borrowing prices for loans on a variable rate.
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PLEASE HELP !!
explain why you feel an entrepreneur or business should develop a business plan.
Answer:
See below...
Explanation:
When an entrepreneur or businessperson begins to develop an idea for a product or for the creation of a business, it is good that they have a plan. When they do not plan, their future does not have specific milestones to acheive. This can make things scary and chaotic, as it is necessary to know when and where you will do things. With a plan, the person has goals set, and they are not as overwhelmed by things that come their way. The plan gives an order to an otherwise chaotic idea.
If $81,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1 2 years
Answer:
C = $ 5064.61
Explanation:
You are given the present value of an annuity PV = 81 000
5.1 % is .051 in decimal form
quarterly, this is i = .051/4 interest per period (3 months)
4 1/2 years is n = 18 periods
The equation to use is ( you just have to look these up.....there are many different situations)
PV = C * { (1-(1+i)^-n) / i }
Plugging in the above numbers results in:
C = $ 5064.61
A common law doctrine under which either party may terminate an employment relationship at any time for any reason, unless a contract specifies otherwise is:
Employment at will is a common law notion under which either party can end an employment arrangement at any moment for any reason, unless a contract says otherwise.
What is contract?A contract is defined as the legally valid agreement that constitutes, defines, and regulates the parties' mutual rights and responsibilities.
A contract commonly entails the transferral of products, services, or money, or the commitment to do so at a later period.
If the employment at will is not specifically mentioned in the contract, and the contract is not represented any content about that, the employment at will states that nay employee may leave the organization any time for any reason.
Therefore, the employment at will comes into consideration when there is contract to the contrary.
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If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could Group of answer choices
Fed buy $300,000 worth of bonds, if the money multiplier is 3 and want to increase the money supply by $900,000. As the formula of the money multiplier is change in total money supply upon change in total monetary base.
What is money multiplier?The multiplier effect is a term used in economics to describe the proportional increase or decrease in final revenue that occurs as a result of a capital injection or withdrawal.
In effect, it calculates the influence of a change in economic activity, such as investment or spending, on a company's total economic output.
Thus, Fed buys $300,000 worth of bonds.
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An assessor explains to you that the market value of your property was converted to the assessed value using what's called an assessment ratio. The assessment ratio can also be considered what
The assessment ratio, which is used to convert the value of property to the assessed value, can also be considered Equalization Rate.
What is the equalization rate?The equalization rate is the ratio of the total assessed value (AV) to a municipality's total market value (MV).
The equalization rate is a measurement of a municipality's level of assessment (LOA) by the state.
This implies that the municipality determines the AV while the state determines the MV.
Thus, the assessment ratio, which is used to convert the value of property to the assessed value, can also be considered Equalization Rate.
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Ski Shop sells a pair of skis to Tami. When Tami uses the skis, they snap in two. The cause is something that Ski Shop did not know about and could not have discovered. This is a breach of
There is a breach of implied warranty of merchantability when the sold skis snapped into two with unknown reason.
What is a breach of warranty?It means the violation of either an express or implied contract of warranty.
The implied violation by the seller makes him liable for damages that occurs from the losses from the subject matter
Hence, there is a breach of implied warranty of merchantability when the sold skis snapped into two with unknown reason.
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A company operates in a competitive marketplace. They look to the market to determine their selling price. It looks like the market will bear a price of $227. The company has a goal of earning 10% return on sales on each unit. What would their target cost be
The target cost to the company is equivalent to $ 206.36 where the selling price as per market is $227 at a profit of 10%.
What is the meaning of target cost?Target cost is the amount left after deducting the profit from the selling price. It is a cost of a product on which the seller adds their margin.
Given values:
Selling price: $227
Rate of return: 10%
Computation of target cost:
[tex]\rm\ Target \rm\ Cost=\frac{\rm\ Selling \rm\ price}{1+\rm\ rate \rm\ of \rm\ return} \\\rm\ Target \rm\ Cost=\frac{\rm\ \$ 227 }{1+10\%} \\\\\rm\ Target \rm\ Cost=\frac{\rm\ \$227}{1.10} \\\\\rm\ Target \rm\ Cost=\$ 206.36[/tex]
Therefore, the company gets the target cost of $206.36 if it wants to earn 10% at a selling price of $227.
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As described in the chapter case, Uber uses the ________ revenue model. A. portal B. service provider C. market creator D. community provider E. transaction broker
As described in the chapter case, Uber uses the service provider revenue model. A revenue model is a framework for generating financial income.
What is service provider revenue?Companies deriving revenues from service offerings charge customers based on time, often on a project basis or as a retained service provider.
Therefore, Uber uses the service provider revenue model.
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Which strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others
Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.
What is operation strategy?Operations strategy is the total path of company's or organization decisions making strategy which help to reshape the long-term capabilities of several operations and their contribution to the overall strategy to the growth of the firm.
Therefore, Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.
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Gnosis Inc. is an energy drink manufacturer. A white racing stag on a purple background is the logo on all of its drinks. When consumers see the logo, they immediately associate it with the brand. This increases the chances of them buying the energy drink. In this case, the logo of the brand is an example of a
Given that the logo of the brand is what makes people to buy when they see it, it is an example of a retrieval cue.
What is a retrieval cue?This is the cognitive and the phsyical environment of a person that helps them to recall certain things.
The cue here helps people to but the brand of this drink because they have become so familiar with it.
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To raise money, a company is selling shares of dividend growth stock. What does the company most likely do with its earnings?.
What would you say is the key difference between a nft and an art print?.
NFT art differs from traditional art in that it is entirely digital and can only exist in digital wallets on a specific blockchain. An art print, on the other hand, is an image on paper that does not exist on the digital wallets.
What is NFT?A non-fungible token (NFT) is a non-transferable data unit that may be sold and traded on a blockchain, which is a sort of digital ledger.
Cryptocurrencies and physical money are both "fungible," meaning they may be traded or exchanged for one another.
In fact, anyone can make an NFT and sell it on a marketplace for NFTs.
Thus, NFT is the digital wallets and art print is the non digital wallet
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Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up restocking. C. it wants to reduce inventory in stores. D. All of the above.
The target is exploring a new distribution strategy aimed at speeding up re-cutting and making the seller more inclined as they compete with competitors such as Amazon and Walmart.
What new distributive strategy Target is focusing on?Target is trying a new strategy to distribute products in its stores. The aim is to integrate the target completion cycle from days to hours and to reduce the number of goods in stores.
The center sends small items and often to stores while using the same inventory to fill online orders.
Thus, the correct statement is Option B.it needs to speed up restocking.
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Silverwood Company is considering the following alternatives: Alternative A Alternative B Revenues $100,000 $200,000 Variable costs 30,000 50,000 Fixed costs 10,000 30,000 What is the incremental profit
Answer:
to find profit make
%profit =selling price + cost price ÷ cost price
What is the difference between renters insurance for the ""full replacement cost"" vs renters insurance for the ""cash value"" of your items?.
The difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
What is renters insurance?Renter's insurance is the property insurance that covers the (renter's) policyholder's personal belongings, liability, and some living expenses in case of a loss event.
With replacement cost renters insurance, the policyholder has sufficient funds to replace all insured belongings and other losses.
With cash value renters insurance, the policyholder can only recover the depreciated value of their assets.
Thus, the difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
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Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.
The branding Strategy that was used by Hormel is known as the multi product branding.
What is branding?It should be noted that branding simply means the process of creating a strong, positive perception of a company.
In this case, the branding srategy that was used by Hormel is known as the multi product branding.
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What are the similarities and differences in advertisements of the 1950s and advertisements in the 21st century?
Answer: Most similarities are some can still be in newspapers, signs, and billboards . Some differences are techology use that was not invented back then, such as television, the internet, and social media .
Explanation: hope this helps :)
How would you set up Economic questions when it involves talking about insurance & percentages.
Answer:
Simple, cool pfp btw. A story, first before the question. A short story like going into an accident or how expensive things are, or both.
Explanation:
You see, there is nothing I like more than a little story, short and sweet. If you can hook the readers into the story you can ask the question and get them thinking with the story you made. A clever trick I taught myself.
Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' __________. financial transactions financial transactions financial markets financial markets full-time employees full-time employees sellable inventory
Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
What is financial transaction?A financial transaction include details or business traction's between a buyer and a seller
It include communication, goods and services purchase or bought.
Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
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Which of the following best describes the relationship between economic growth and energy use? a. increased energy use leads to increased economic growth. b. increased energy use leads to decreased economic growth. c. energy use is related to economic growth. d. energy use has no relationship to economic growth.
The relation between economic growth and energy use can be best described by the increased energy use leads to increased economic growth.
So, Option A is the right answer.
How do energy use and economic growth relate to each other?
There is a direct relationship between usage of energy and economic growth, that means, if energy usage rises, then economic growth also rises. On the contrary, if energy usage falls, then economic growth also falls.
The developed nations are having abundant resources which leads to more satisfaction among the public due to which they use more energy and finally impacted an increase in the overall economic growth of a country. The less-developed nations face a lot of struggle in satisfying the people due to having insufficient resources which result in the usage of lesser energy and ultimately created a decreasing impact on the economic growth.
Therefore, energy use and economic growth are interlinked with each other.
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A company has a maintenance contract with a fixed fee of $1,200 per month plus $75 per hour for each maintenance hour used. In a month where 20 maintenance hours are used, the total maintenance cost is $
Halimax has recently been hired by numerous city governments to handle security at major sporting events. The hiring of Halimax rather than relying on the city police force is an example of ______.
Outsourcing refers to the process of getting the work done through outside parties rather than relying on in-house team. Thus, hiring Halimax rather than relying on the city police force is an example of Outsourcing.
What do you mean by outsourcing?Outsourcing is a business practice of hiring a party outside the company to perform services or create in-house goods that were processed in-house by the company's employees.
Employment is a practice that companies often do as a way to reduce costs.
Thus, The hiring of Halimax rather than relying on the city police force is an example of Outsourcing.
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A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselectedFalse, unselected
A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.
What is mortgage?A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.
The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.
According to the given information,
Mortgage Amount = $80,000
Points = 2
Let the 2 points is taken as a percentage:
Point 1 = 1%, and
Point 2 = 2%
Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:
[tex]\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600[/tex]
Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.
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Use what you have learned about wants and needs to complete these statements. frankie already has a pair of basketball shoes that he can wear for the tryout, which makes the new pair a . if frankie did not have a pair of basketball shoes for the tryout, the new shoes would be considered a .
Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
What do you understand by the term need and want?A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a Want.The new shoes would be considered a Need if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
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Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for
In the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.
What is partnership?It should be noted that partnership simply means a business agreement between two or more people to achieve a common goal.
In this case, in the partnership, Olivia does not participate in, know about, or ratify, she would be liable for all of the obligations jointly and severally.
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I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.
The Web sites that can help an entrepreneur in writing a good business plan are:
The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.What is a business plan?A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.
Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.
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Ms. Versini applied for a car loan from a bank. Which statement best describes the importance of Ms. Versini’s credit report to the bank?
The optimal response is statement F since it indicates the possibility that Ms. Versine will repay the entire amount on schedule.
As a fundamental time management tool, a schedule or timetable is made up of either a list of potential times for tasks, events, or actions, or it is made up of a series of events that are supposed to happen in the order that they are supposed to happen. Scheduling is the act of choosing how to prioritise resources among the various tasks that can be completed and how to arrange them on a schedule.
The person who is in charge of producing a certain schedule is sometimes referred to as a scheduler. Scheduling is a human activity that has been practised for ages. According to some scenarios, making plans is a form of life-skills education.
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According to the authors of your textbook, buying the naming rights to a sports or entertainment venue (for example, Kroger Field) is a form of __________. Some other authors (including, perhaps, the authors of your MKT 300 textbook) say that it is a form of __________. Group of answer choices personal selling; public relations public relations; advertising advertising; sales promotion in-store marketing/design elements; public relations direct marketing; sales promotion
The correct answers to the given questions are sales promotion; public relations.
What is a Sales Promotion?This refers to the creation of awareness for a particular brand or product by identifying a brand with it for better sales.
Hence, we can see that by buying the naming rights to a sports venue, it can be used as a form of sales promotion, and also some authors believe this is a form of public relations.
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Stansfield Corporation had the following activities in 2020. Payment of accounts payable for $270,000. Issuance of common stock for $150,000. Payment of dividends $99,000. Collection of note receivable for $85,000. Issuance of bonds payable for $110,000. Purchase of treasury stock for $52,000. Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2020 statement of cash flows
The amount Stansfield should report as net cash provided (used) by financing activities is $109,000.
Computation of net cash provided (used) by financing activitiesThe amount Stansfield should report as net cash provided (used) by financing activities can be computed as follows:
Net cash provided (used) by financing activities = Issuance of common stock - Payment of dividends + Issuance of bonds payable - Purchase of treasury stock ………………. (1)
Substituting all the relevant values into equation (1), we have:
Net cash provided (used) by financing activities = $150,000 - $99,000 + $110,000 - $52,000
Net cash provided (used) by financing activities = $109,000
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