What+is+the+principal+remaining+after+monthly+payments+have+been+made+on+a+$+-year+loan?+the+annual+interest+rate+is+%+nominal+compounded+monthly

Answers

Answer 1

The Correct answer is $14,579

n= 5 years adjusted for monthly payment.
n=5*12
n=60
r= 12% adjusted for monthly payment
r = 0.12 / 12
r = 0.01
LLoan = $20,000
We must first determine the monthly payment:
A = P (A/P, 1%, 60)
A = $20,000 * 0.0222
A = $444
We know that after the 20 payments, 40 payments are remaining.
P = $444 * (P/A, 1%, 40)
Based on the compounding table, if i = 1% then (P/A, 1%, 40) = 32.8346
P = $444 * 32.8346
P = $14,578.56
P = $14,579

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Related Questions

The inverse, or negative, relationship between price and quantity demanded is known as the law of ______.

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The inverse, or negative, relationship between price and quantity demanded is known as the law of demand.

What is the law of demand?

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. There is an inverse relationship between price and quantity demanded.

The inverse relationship between price and quantity demanded is the reason why the demand curve is downward sloping. The demand curve depicts the relationship between price and quantity demanded.

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True or false: since retained earnings is involved in the closing process, it is classified as a temporary account.

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Since retained earnings is involved in the closing process, it is classified as a temporary account. False

What is a temporary account?

Temporary accounts can be described as accounts that are closed at the end of each accounting period. The reason for this is to prevent their balances from being mixed with balances of the next period. Examples of temporary accounts are revenue and expense account.

Permanent accounts are accounts that are not closed at the end of the accounting period. Instead, the balance of the previous accounting period is carried over to the next accounting period. An example is retained earnings.

Retained earnings is the amount of a company's earnings that is not paid out to shareholders as dividends. It is usually net income less dividends. Dividends are payment made to shareholders out of net income.

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Other names for manufacturing overhead include? indirect manufacturing costs prime manufacturing costs factory overhead factory burden

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Answer:

factory overhead, production overhead, and factory burden

To obtain an approximate estimate of the real interest rate, one must _________ the __________ the nominal risk-free rate.

Answers

To obtain an approximate estimate of the real interest rate, one must subtract the expected inflation from the nominal risk-free rate.

What is inflation?

In the study of economics, inflation is the term used to describe a general increase in the cost of goods and services across a country. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is linked to a drop in the purchasing power of money. Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.

The equation to find an approximate estimate of the real interest rate is:

Real interest rate (approx.) = Nominal risk-free rate - Expected inflation

Therefore, in order to find the approximate estimate of real interest rate we should subtract the expected inflation from the nominal risk-free rate.

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Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. what is its firm's debt-equity ratio?

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Braam fire prevention corp. has a profit margin of 9.70 percent, total asset turnover of 1.52, and roe of 18.58 percent. The firm's debt-equity ratio will be 0.91.

What is debt- equity ratio?

A phrase used in accounting to describe the capital structure of a company is the debt-equity ratio. This ratio is computed specifically by dividing a company's total debt by its entire equity.

monetary ratiosFinancial ratios are measurements that analysts use to assess business performance and to compare those ratios with other companies in the same industry. They are evaluated according to the firm's financial statements.The liquidity ratios, solvency ratios, profitability ratios, and market outlook ratios are the common classes into which the financial ratios can be divided. Each lesson will highlight a different aspect of the company.Before performing their analysis, analysts should, however, evaluate the completeness and transparency of the provided financial statements. The financial statements could be manipulated by some internal investors for personal gain.

ROE = profit margin × asset turnover × equity multiplier

18.58% = 9.70% × 1.52 × equity multiplier

equity multiplier = 1.91

Then debt-equity ratio is calculated as:

debt-equity ratio = equity multiplier - 1

debt-equity ratio = 1.91 - 1

debt-equity ratio = 0.91

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In the context of swot analysis, marketers can identify strengths and weaknesses by focusing on?

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In the context of SWOT internal stability (S), weaknesses (W), external possibilities (O), and threats (T) analysis, marketers can identify forces and weaknesses by concentrating on employee capabilities.

What is the strength and weakness of SWOT investigation?

Strengths (S) and weaknesses (W) guide internal factors, which are the help and experience readily available to you. These are some generally considered internal factors: Financial help funding, sources of income, investment prospects ) and Physical help ( location, facilities, and equipment ). While SWOT analysis highlights the internal environment (your strengths and weaknesses), TOWS forces you to look at your exterior environment first (your threats and opportunities).

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According to the scor model, supply chain management covers five broad areas including planning activities, which __________.

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The correct answer is cover the actual production of a good or service.

Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.

What does SCOR entail?

A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.

Why does business employ the SCOR model?

The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.

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Suppose+a+u.s.+treasury+bond+will+pay+$2,500+five+years+from+now.+if+the+going+interest+rate+on+5-year+treasury+bonds+is+4.25%,+how+much+is+the+bond+worth+today?

Answers

These are taken to be relatively risk-free as they are issued by the government. As such, they can be taken as benchmark rates for selecting the rate of return of corporate commercial documents and corporate binds.

Treasury bond

The purposeful worth of the given U.S. Treasury bond today is $2,030.31.

The present worth of the U.S. Treasury bond is given by:

= Future value / (1 + interest rate) ^ {number of years}

{eq}= \dfrac{\$2,500}{(1 + 4.25\%) ^ {5}} {/eq}

{eq}= \dfrac{\$2,500}{(1.0425) ^ {5}} {/eq}

= $2,030.31

Subtracting the purchase price from the par value yields a gain in dollars. Splitting that difference by the purchase price then shares the rate.

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If+the+human+population+is+growing+at+a+constant+rate+of+1.1%+per+year,+how+will+the+number+of+people+added+to+the+global+population+change+each+year+in+the+future?

Answers

Global Population after 1st year = 8.05767

Population added to the Global Population change each year in the future depends on constant growth rate.

If the human population is growing at a constant rate of 1.1% per year,the number of people added to the global population each year in the future depends on the constant growth rate, and an increasingly larger number of people will be added to the population each year.

As per worldometer, current population of world = 7.97 Billion

Rate=1.1%

Population added after 1st year =

1st year = 1.1% of 7.97 Billion

= 1.1/100*7.97

=79.7 Million

Population after 1st year =  7.97Billion +79.7 Million

= 8.05767 Billion

population added after second year =

1.1% of 8.057

=88.54 Million

Population after 2nd year =

8.05767 +88.54

=8.1463 Billion and so on..

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The journal entry to record accrued property taxes for a factory building debits ______.

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The journal entry to record accrued property taxes for a factory building debits Manufacturing overhead and credits Property taxes payable.

What is the manufacturing overhead?

This is the term that is used to refer to the cost that businesses may accrue indirectly during the process of production of goods and services in the organization.

The examples of such a cost are, taxes, the payments of insurance etc. Hence we can say that The journal entry to record accrued property taxes for a factory building debits Manufacturing overhead and credits Property taxes payable.

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Homeowner shelby wants to refinance her home. it's important for her to understand that regardless of how she refinances, the points paid for refinancing are ______.

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Homeowner Shelby wants to refinance her home. it's important for her to understand that regardless of how she refinances, the points paid for refinancing are deducted. The remaining points must be deducted during the duration of the new loan. She might be able to deduct the points she paid.

What is Home refinancing?

When one refinances their mortgage, they are replacing your existing loan with a new one. The new loan may have different terms, such as switching from a 30-year to a 15-year term or from an adjustable rate to a fixed rate, but the most typical difference is a reduced interest rate.

Why do homeowners opt for refinancing?

Refinancing allows you to decrease your payment each month, save money on interest throughout the life of your loan, pay off your mortgage faster, and draw on the equity in your house for any reason.

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the price of a product is set where both buyers and sellers are satisfied. which phrase describes this price?

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The price of a product is set where both buyers and sellers are satisfied this phrases describes the Market Equilibrium Price.

Equilibrium is the state wherein market supply balance and demand become steady. For the most part, an over-supply of labor and products purposes costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.

The Equilibrium Price is where the supply of merchandise matches demand. At the point when a significant list encounters a time of solidification or sideways energy, one might say that the powers of demand and supply are somewhat equivalent and the market is in a condition of balance.

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Answer:

Where the market clears

Explanation:

The price is neither higher nor lower than equilibrium, meaning that it "clears" or is even.

When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their ________.

Answers

When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."

What is economic sociology?

Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.

Some key features regarding the economic sociology are-

Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity. Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual. When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.

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Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the ________.

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Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high.  Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

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A management process in which people in different parts of an organization share information throughout the development of a product or process is called _______.

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A management process in which people from different parts of an organization tend to share information throughout the development of a product is called collaboration.

Management is regarded as a process in order to achieve organizational goals. This process is a set of activities which are ongoing and interrelated in an organization.

Collaboration tends to improve the way your team works together and solves the problem. Thus, this leads to more innovation, increased success, improved communication, and efficient processes.

Hence, in such collaborative management environment, a team of  supervisors or managers tend to work together to ensure the success of an organization.

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These are medical expenses that are tax-free with an individual's health account, these can include physicals, eye glasses, and/or dentures:_______-

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an individual's health account, these can include physicals, eye glasses, and/or dentures: ----- Covered or Eligible Expenses

Eligible medical expenses :

Qualified Medical Expenses are generally the same types of services and products that otherwise could be deducted as medical expenses on your yearly income tax return. Some Eligible Medical Expenses, like doctors' visits, lab tests, and hospital stays, are also Medicare-covered services.

Expenses NOT Eligible for under an HSA :

The hospital insurance benefits tax, withheld from you pay as part of the Social Security tax or paid as part of Social Security self-employment tax. Nursing care for a healthy baby. Travel your doctor told you to take for rest or change.

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In the Unit, Nestlé is discussed as a company that is making efforts to use less:

water

land

oil

solar energy

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The unit shows that Nestlé  is a company that is making efforts to use less Water.

What is Nestlé using less of?

The unit is not attached but based on news and current affairs, it is known that Nestlé is trying to use less water.

To that end, they have engaged in more efficient water treatment, withdrawals, and recycling.

This has helped Nestlé to reduce their water usage by about two-thirds in 2013 with plans to do more.

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Management students may not immediately become managers, but studying management can help you.

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Management students may not immediately become managers, but studying management can help you understand how organizational decisions are made

This is further explained below.

What are organizational decisions?

Generally,  The process by which a single organizational unit or several organizational units come to a decision on behalf of the organization is referred to as organizational decision making.

The unit responsible for making decisions might be as limited as a single person, such as a manager, or as extensive as the full membership of the organization.

In conclusion, Students who major in abnormal psychology often fall victim to this mental state, in which they mistakenly assume that they are afflicted with the illness that they are researching.

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Oracle corporation offers a service called ____, which provides e-business applications on a fixed fee basis.

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Oracle corporation offers a service called WebSphere, which provides e-business applications on a fixed fee basis. A cloud provider hosts applications and makes them online accessible to customers as part of the software as a service (SaaS) distribution paradigm.

Offer strong web-based assistance for tasks like billing, customer relationship management, and order processing. Onshoring is the outsourcing of information system development, operation, or maintenance to a third party company that offers these services on a temporary or permanent basis in exchange for a fee.

A vertical application is a software suite that can be used by numerous different sorts of businesses. The assessment and selection team's main goal is to eliminate system alternatives that won't satisfy criteria, rate the feasible options, and submit the feasible options to management for a final decision.

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Davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise, costing $690, and sold on account for $1,100?

Answers

The hardware company gets the amount for accounts receivable and Sales revenue for $1,340 and Cost of goods sold and  Inventory for $810. Thus, option B is correct.

What is inventory?

All the commodities, equipment, and supplies that a company keeps on board in anticipation of reselling these for such a profit are referred to as inventory.

The accounting equation of the following will be:

Accounts receivable    $1,340

Sales revenue                                $1,340

Cost of goods sold        $810

Inventory                                       $810

Therefore, option B is the correct option.

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On july 1, bill's construction paid six months' insurance in advance. the journal entry to record this transaction is?

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Bill's construction made a six-month advance payment on insurance on July 1. Debit Prepaid Insurance; credit Cash is the journal entry needed to document this transaction.

Prepaid insurance is a word that describes payments made up front for insurance services or coverage by both individuals and corporations to their insurers. In most cases, premiums are paid a full year in advance, but they occasionally may extend beyond a full year. These payments appear on the balance sheet of an insurance business if they have not yet been used up or have not yet expired. as an ongoing asset.

Prepaid insurance is a sort of account.

Prepaid insurance is categorized as a company asset and is shown as an asset account on the balance sheet's left side. Similar to money in a bank, the cost of insurance is paid, and as the insurance is "used up" over the course of each month or accounting period, money is withdrawn from the account.

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A design team is developing a new product and they want to understand how to build it. Which type of research can best help the team answer their question?

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Determining whether users can successfully execute the given tasks without any problems. the length of time needed to execute particular tasks. Determining a scale for user satisfaction. finding adjustments to enhance user performance and satisfaction.

User empathy helps you develop positive user experiences by bringing you closer to your potential users. Empathy is the capacity to comprehend another person's ideas or feelings in a given circumstance.

Recency bias is the tendency to remember your most recent candidates more clearly than your initial candidates you interviewed for a post. Because you recall the last person you saw better, they can seem like a better fit for the position.

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What is true about research on the relationship of virtuous leadership to organizational and individual employee performance?

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B-Recent research in this area has shown a positive relationship between these variables.

Virtuous LeadershipTM may be defined as the practice of reaching greatness through bringing out the greatest in others. It is insufficient to be just decent. Today's world is in critical need of decent people who can inspire others to greatness via their dynamic character strength.The seven qualities that make up The Virtuous Leadership Framework are: Courage, Integrity, Humility, Compassion, Passion, Wisdom, and Humor.Irresponsible leaders foster trust. Lack of sleep, competing priorities, or counterfactual reasoning can all cause attention deficiency. Employees that are successful report reduced stress, more devotion to the business, and higher job satisfaction.

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Businesses sometimes pursue a(n) ________ goal to balance the conflicting goals of stakeholders to promote their overall welfare, even at the expense of profits.

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Businesses sometimes pursue a social responsibility goal to balance the conflicting goals of stakeholders to promote their overall welfare, even at the expense of profits. Corporate social responsibility (CSR), usually referred to as social responsibility in business, is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.

Corporate Social Responsibility: An Overview (CSR)

Corporate social responsibility is a wide concept that can take many various forms depending on the company and industry. Businesses can enhance their brands while helping society through CSR initiatives, charity, and volunteer work.

A firm must first be accountable to itself and its shareholders before it can be socially responsible. Companies that implement CSR initiatives frequently expand to the point where they can support the community. Therefore, CSR is often a technique that big businesses use. After all, a company has a greater need to provide an example of moral conduct for its associates, rivals, and industry the more visible and successful it becomes.

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Abc company reported total revenues of $100,000, a gross profit of $40,000, and operating expenses of $20,000. what are abc company's common-size operating expenses?

Answers

The company's common size operating expenses are 20% of the total revenue of the company .

Operational Income

Both formulas have advantages and disadvantages. Below is the first formula:

Operating Income Plus Depreciation and Amortization = EBITDA

Operating income is the company's profit following the deduction of operating expenses, or the costs associated with conducting regular operations. By removing interest and taxes, operating income aids investors in separating the earnings for the company's operating performance. As the name implies, operating income shows the revenue generated by a company's operations.

Sales less running costs like labor and the cost of products sold are frequently used to determine operating income (COGS). Only D&A needs to be included in order to calculate EBITDA because operating income has already been calculated before interest and taxes are subtracted.

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True or false: enterprise operations systems work in conjunction with the firm's erp system to provide specific functionality to support supply chain operations

Answers

The main answer is True.

The statement is correct, enterprise operations systems work in conjunction with the firm's ERP system to provide specific functionality to support supply chain operations.

Explanation:ERP system to provide specific functionality to support supply chain operations.Supply chain management has been an integral part of ERP solutions adopted by several enterprises. Manufacturers need to interact with various suppliers and partners to obtain the raw materials and resources at the right time and at the right amount to bring finished goods to market. Businesses are actively focusing on several supply chain strategies to boost plant productivity, enhance product quality, and cut down on manufacturing costs. As the operations become more extensive and globalized, the integration of SCM becomes all the more important. ERP solutions can support multiple modes, such as make-to-order, engineer-to-order, and configure-to-order, and provide operations support across multiple sites in real time. ERP solution streamlines the path their products go through from supplier to warehouse and finally to store for the customer. As a result, businesses can avoid supply chain disruption.

This theory explains how ERP systems provide support to the supply chain.

So the given statement is True

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According to passman, if you sell your song to a publisher, you can get it back 35 years later by merely sending a notice. this is called?

Answers

According to Passman, you can simply write a notice 35 years after selling your song to a publisher to obtain it back. This is called Termination Rights.

Any right of the tenant to void or terminate the lease or to demand a partial or complete eviction resulting from a violation or default by the landlord under the terms of the lease is referred to as a "Termination Right" (whether under the terms of the lease or under relevant legislation). Giving the Defaulting Party no more than 20 days' notice, the Non-Defaulting Party may designate a day as an early termination date (the "Early Termination Date") in respect of all pending Transactions between the Parties if, at any time, an Event of Default has happened and is ongoing. The pertinent Event of Default must be identified in this notice. The notice's effective date cannot be earlier than the early termination date.

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Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each price.\

Answers

Greater resource prices increases the costs of production, thereby,  reducing  the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

Costs of Production

All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.

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Why is private property, and the protection of property rights, so critical to the success of the market system and economic growth?

Answers

Private property and its protection rights are very important for a market system to work because it enables individuals and businesses to make exchanges in the market.

What is the significance of the property rights?

Private property refers to the legal designation for the ownership of property by non-governmental legal entities.

Property rights are the legal ownership that defines how the resources and property can be used. These rights consists of some basic rights such as exclusive right to choose how property will be used, right to exchange with someone else on the basis of mutual agreement etc.

Basically, property rights states the legal rights related the property of an individual.

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What would the total cost per unit fee for us to engage in foreign direct investment?

Answers

The total cost per unit fee for you to engage in foreign direct investment would be 10 percent. Foreign direct investment happens when an individual or business owns 10% or more of a foreign company. If an investor owns less than 10%, the International Monetary Fund defines it as part of their stock portfolio.

A 10% ownership doesn't give the individual investor a controlling interest in the foreign company. However, it does allow influence over the company's management, operations, and policies. For this reason, governments track investments in their country's businesses.

What are the types of foreign direct investment?

Foreign direct investments are classified as horizontal, vertical, or conglomerate.

For a horizontal direct investment, a company creates the same kind of business activity in a foreign country as it operates in its home country. With a vertical investment, a business gets a complementary business in another country. With a conglomerate type of foreign direct investment, a company invests in a foreign business that is not connected to its main business.

Therefore, the correct answer is as given above

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A group of companies that deal with more or less the same set of suppliers and buyers make up ______. A decrease in demand while holding supply constant results in ______ in both equilibrium price and quantity. Initially a prepayment for items such as rent or insurance are recorded as assets and later are recorded as a(n):________ What type of cutting tool has teeth that gradually increase in size, allowing it to perform a full cut in one stroke? The number 3465 is divisible by 11 and 5. Given that you change the position of two or more of these four digits, how many of the resulting numbers are divisible by 11 but not by 5? The sphincter that allows chyme to pass into the small intestine is known as the:_____. For windows xp, 2000, and nt servers and workstations, raid 0 or ____ is available. In the osi model, encryption and decryption are functions of the ________ layer. Check my work (1 remaining) who is likely to be most active in cycling information through their short-term memory? What was a major difference between the spanish encomienda system and the spanish caste system. Payments for advertising, equipment repairs, utilities, and rent are liabilities. True or false?. The most effective type of humor for an organizational leader to use is directed at? other departments. group members. himself or herself. the competition. write the value of this expression as a fraction 14/33 x 55/8 x 12/35 According to the giant impact hypothesis about the formation of the moon. Why did the earth not break apart into many pieces when the giant impact happened? -4 + (3)^2 (5 + 4) 3 It is often helpful to remember the acronym pass when using a fire extinguisher. fill in the word that corresponds with each letter to complete the steps needed for operation of this device. Howard's pawn shop bought an antique clock at the wholesale price of $725. Howard marked up the price of the clock 30%. What was the list price of the clock? Find the functions and their domains. (enter the domains in interval notation.) f(x) = x 1 x , g(x) = x 14 x 2 Explain the role of nitrogen and carbon dioxide in human body? Describe in a few sentences how an understanding of the elements of art can help you to appreciate and understand a workof art?