The fees that Broker Eric most likely charged Paul for making the loan is $390.
What amount did Broker Eric charge?While brokers are allowed to charge fees on helping their clients to acquire loans, this amount shouldn't be too high. 5% on a loan and $750 are considered to be too high.
The most likely amount that Broker Eric charged would have been $390 which is reasonable based on most loan amounts.
Options for this question are:
a. $390
b. 5% of the principal
c. $750
d. Actual costs under $700
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Which of the following is included in a business case for a
project?
Risks
O Benefits
O Expectations
O Requirements
Benefits is included in a business case for a project. Hence, option B is correct.
What is a business case?An executive summary, financial data, an analysis, and dangers are all included. Any industry might utilize it for a business case. Before meeting to discuss the project in more detail, sending this concise overview to important stakeholders is a wonderful idea.
For writing a business case, the majority of firms use a standard template. Business cases describe the problem, the idea, its financial impact, and implementation concerns such as risks, opportunities, resource requirements, and measurement methods.
Thus, option B is correct.
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3. Beginning three months from now, you want to be able to withdraw $1,500 each quarter from your bank account to cover college expenses over the next three years. If the account pays .37 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next three years
Answer:
The total amount needed = $17,574.47
Explanation:
Total amount needed = Annuity payment * Present value annuity
When Present Value annuity = Annuity payment * [1 – [1/ (1 + r)^12] / r}
R = Rate of Interest = 0.37% = 0.0037
N= No. of Periods = 12(Quarters)
= Annuity payment * {[1 – [1/ (1 + 0.0037)12] / 0.0037}
= $1,500 * {[1 – (1/ 1.0037)12] / 0.0037}
= $1,500 * {[1 – (0.95664963507)] / 0.0037}
= $1,500 * {0.04335036493 / 0.0037}
= $1,500 * 11.716315
= $17574.4725
Hence, the total amount needed = $17,574.47
Describe some of the possible problems a retailer could experience when attempting to sell online internationally.
Answer:
In today’s digital market space consumers and businesses interact, sell, and buy beyond their local borders. With greater access to foreign markets, many U.S companies are looking to expand overseas and to sell internationally.
Global retail sales, including both in-store and online purchases, surpassed $22 trillion in 2014, according to recent figures from eMarketer. The marketing research firm also predicts a 5.5 % increase in overall international retail sales to $28.3 trillion by 2018.
Explanation:
hope it helps
Do you think the government is concerned with human rights, worker production, or something altogether different?
Answer:
I think the government is not concerned with human rights nor worker production.
Explanation:
I dont think that the government is concerned with human rights since they aren't doing several anything to ensure the dignity of human life in several levels of government, from the most basic human right to the least important, we are for example not doing anything about the homeless people, or we are not ensuring free education for our youth, we as a country have a problem with studying college cause the educational system is one of the most expensives in the world, and caring for the worker production is also somethign that we are not doing cause for example not everyone has free healthcare like Canada or other countries have, so I do think the government is concerned about things that are completely different.
In Real Estate, the type of deed that transfers the greatest protection for the
buyer is _______?
Answer:
general warranty deed
Explanation:
The answer is a general warranty deed provides the most protection for the buyer; a quitclaim deed provides the least protection for the buyer. A general warranty deed provides the greatest protection of any deed.
Answer:
warranty deed
Explanation:
In Real Estate, the type of deed that transfers the greatest protection for the
buyer is a warranty deed. A warranty deed is a document that has the most amount of protection for the purchaser of said property.
4. Both the concentration and Herfindahl indices computed by the U.S. Bureau of Census tends to overstate the actual level. In addition, they understate the degree of concentration in local markets (gasoline, for example). Explain why we make these statements.
Answer:
The use of data aggregation leads to overstatement of the concentration and Herfindahl indices
while the use of National/state data leads to understatement of the degree of concentration in local markets.
Explanation:
The ratio of concentration and Herfindahl indices computed are mainly made up of foreign players while the contributions of small local unorganized players are not considered, which leads to the increase in the value of indices and ratios been used, ( i.e. The use of data aggregation ) . hence the overstatement of the actual level.
The understatement of the degree of concentration in local markets happens because of the use of national and state data while computing the concentration in the local markets like gasoline and this is mainly caused by the presence of fewer industries in the market. The state and national data does not reflect the true concentration in the local market hence the degree of concentration is understated at the local level.
explain the changing nature of public administration
The nature of public administration has undergone significant changes over the years. Traditional public administration was characterized by hierarchical structures.
However, with the increasing complexity of modern society, new challenges have emerged that require a more flexible and responsive approach to public administration.
One of the key changes in public administration has been the shift towards more participatory and collaborative approaches. This has been driven by a growing recognition of the importance of engaging citizens and stakeholders in decision-making processes, and the need to build trust and legitimacy in government institutions.
Another important change has been the adoption of technology in public administration. From e-government initiatives to data-driven decision-making, technology has transformed the way that government organizations operate and interact with citizens.
At the same time, there has been a growing emphasis on performance management and accountability in public administration. This has involved the development of performance metrics, the use of benchmarking and evaluation, and a focus on outcomes rather than inputs.
Overall, the changing nature of public administration reflects the broader shifts in society towards greater complexity, interdependence, and accountability. While there are still many challenges to be addressed, the evolution of public administration offers hope for more effective and responsive governance in the years to come.
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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have no control over the price they charge for their product.
O Price takers
O Price searchers
O Price makers
O Price manipulators
Answer:
○ price makers.
Explanation:
they are the ones who make the price so they have no control over the price
1. Would you be inclined to take legal action against your employer if you felt strongly
that your legal rights had been violated? Why or why not?
Yes I would be inclined to take legal action against an employer that has violated my legal rights.
What does the term legal right mean?This is the term that has to do with the rights of a person that is recognized by the law of the land and the right that the law also helps to safeguard.
A person that tramples on the legal tights of a person deserves to receive legal actions because it shows that such a person does not have respect for others.
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Dion has created a SWOT analysis for his business plan. In which section of his business plan will he place his analy
О А.
OB.
0 с.
OD. marketing and sales
executive summary
company description
market research
Reset
Next
In a case whereby Dion has created a SWOT analysis for his business plan the section of his business plan that he will place his analysis is company description.
What is SWOT analysis?The SWOT analysis is an important tool for evaluating the internal and external factors that affect a business. By identifying its strengths and weaknesses, a company can determine how to capitalize on its advantages and improve its weaknesses. By identifying opportunities and threats, a company can develop strategies to take advantage of market trends and mitigate risks.
Therefore, Dion's SWOT analysis will help readers of the business plan to understand the strengths, weaknesses, opportunities, and threats of his business, and how he plans to leverage these factors to achieve his goals.
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Mr.and Mrs.Hawell want to file thier income tax return together. Which filling status should they use?
Answer:
married
Explanation:
dont really have one
Answer:
I took that test, the examples to choose from are:
1.)Head of House Hold
2.) Married Filing Jointly
3.) Married Filing Separately
And I know that Answer is:
2.) Married Filing Jointly
Explanation:
Married filing jointly alludes to a filing status for married couples that have marry before the finish of the assessment year. When documenting under wedded documenting mutually status, couples can record their individual earnings, exceptions and derivations on a similar assessment form. Married filing jointly is ideal if just a single life partner has a critical salary.
A firm purchased copper pipes a few years ago at $10 per pipe and stored them, using them only as the need arises. Currently, the price of the pipes in the resale market is $8 per pipe. What is the opportunity cost of storing each pipe and what is the sunk cost per pipe of the purchase?
The opportunity cost of the firm is $8 per pipe and the sunk cost is $2 per pipe. The expense with the greatest alternatives is the opportunity cost. Sunk costs are expenses that were incurred in the past but cannot be recovered now.
What are sunk cost and opportunity cost examples?When you choose between possibilities, you forfeit opportunity cost. The best option should always be chosen in order to reduce opportunity costs. Contrarily, a sunk cost is an expense that has already been paid. The potential gain that a person or an organization forgoes by selecting one option over another is known as opportunity cost.
For instance, a sunk cost of $10,000 might be incurred by purchasing 1,000 shares of firm A at $10 each. This is the sum of money invested, and selling shares is the only way to recover it. Instead, the potential cost examines how that $10,000 may have been better spent.
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QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
A sum of K3,000 is borrowed for 2 years at the reducing balance interest rate of 12% p.a. compounded every two-monthly.
(a) Show the full loan repayment schedule for the two years.
(b) Calculate the balance of loan owing at the end of the seventh repayment period.
(c) How much is the interest paid for this loan? (d) If it decides to terminate the loan after the first year,
find the termination payment required.
a) The full loan repayment schedule for the two years is as follows:
Loan Repayment Schedule:Period PV PMT Interest FV
1 $3,000.00 $283.68 $60.00 $2,776.32
2 $2,776.32 $283.68 $55.53 $2,548.17
3 $2,548.17 $283.68 $50.96 $2,315.45
4 $2,315.45 $283.68 $46.31 $2,078.08
5 $2,078.08 $283.68 $41.56 $1,835.97
6 $1,835.97 $283.68 $36.72 $1,589.01
Year #1 end
7 $1,589.01 $283.68 $31.78 $1,337.11
8 $1,337.11 $283.68 $26.74 $1,080.17
9 $1,080.17 $283.68 $21.60 $818.10
10 $818.10 $283.68 $16.36 $550.78
11 $550.78 $283.68 $11.02 $278.12
12 $278.12 $283.68 $5.56 $0.00
Year #2 end
b) The balance of the loan at the end of the seventh repayment period is $1,337.11.
c) The total interest paid for this loan is $404.16.
d) If the borrower decides to terminate the loan after the first year, the termination payment should be $1,589.01.
Data and Calculations:N (# of periods) = 12 months (2 x 6)
I/Y (Interest per year) = 12%
PV (Present Value) = K3000
FV (Future Value) = K0
Results:
PMT every two months = $283.68
Sum of all periodic payments = $3,404.16 ($283.68 x 12)
Total Interest = $404.16
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what may happen if your job does not require you to use the aptitudes you possess?
Answer:
they will be underused and learning new interests may become necessary.
Explanation:
Aptitudes usually refer to a person's inborn abilities or talents which include their mental and physical skills.
For example, If Mr. John knows how to sing but finds himself working as an IT specialist for a Security company, there is a high tendency that he will underuse his singing abilities and be more interested in learning IT skills than if he was working for a Radio station.
Write a demand and a supply curve expressed in the form of an exponential and logarithmic functions respectively. Demonstrate graphically or otherwise, that the functions reflect all the characteristics of a demand and supply curve.
Here is an example of a demand curve expressed as an exponential function and a supply curve expressed as a logarithmic function:
The example of a demand curve expressed as an exponentialDemand curve:
q = 1000 * e^(-0.01*p)
Where:
q = quantity demandedp = priceSupply curve:
q = 100 * ln(p) + 100
Where:
q = quantity suppliedp = priceTo demonstrate that these functions reflect the characteristics of a demand and supply curve, we can plot them on a graph with quantity (q) on the y-axis and price (p) on the x-axis.
In the graph, the blue line represents the demand curve, while the red line represents the supply curve. We can see that the demand curve is downward-sloping, which means that as the price of a product increases, the quantity demanded decreases.
This is consistent with the exponential function used to express the demand curve. Additionally, the demand curve shows that as the price approaches zero, the quantity demanded approaches infinity. This reflects the characteristic of demand curves that at lower prices, consumers are willing and able to buy more of a product.
On the other hand, the supply curve is upward-sloping, which means that as the price of a product increases, the quantity supplied increases. This is consistent with the logarithmic function used to express the supply curve.
Additionally, the supply curve shows that as the price approaches zero, the quantity supplied approaches a fixed value of 100. This reflects the characteristic of supply curves that at very low prices, producers are not willing or able to supply more of a product.
Overall, the exponential and logarithmic functions used to express the demand and supply curves respectively accurately reflect the characteristics of demand and supply curves.
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_____ money finish the diagram
gets its value from the government,
is common throughout the world today,
includes U.S. and Canadian dollars
Answer Choice:
A.Commodity
B.Representitve
C.M1
D.Fiat (correct answer)
whats the meaning of economics
Answer:
Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. It focuses heavily on the four factors of production, which are land, labor, capital, and enterprise.
Explanation:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. An example of economics is the study of the stock market.
ichiro just recived his latest bank statement and discovered the balance was less than the balance on his check register. what is the best explanation for the problem?
A) he deposited money in an ATM
B) he earned more money last month
C) he forgot to enter a withdrawal in the register
D) his employer paid him through direct deposit
Ichiro just received his latest bank statement and discovered that the balance was less than the balance on his check register. The best explanation for the problem is Option C. He forgot to enter a withdrawal in the register.
A check register is a document used to record transactions made in a bank account. It records the amount of money that has been withdrawn or deposited, as well as any fees or other charges that are associated with the account. A check register is usually kept up-to-date by the account holder. They can use this document to keep track of how much money is in their account, as well as how much money they have spent or received.
This document can be useful for creating a budget and making sure that there are no errors in the account. However, sometimes there can be discrepancies between the balance on a check register and the balance on a bank statement. This can happen for a variety of reasons, such as deposits or withdrawals that were not recorded, checks that were not cashed, or bank errors.
The best explanation for the problem in this scenario is that Ichiro forgot to enter a withdrawal in his check register. This means that he spent more money than he thought he did, resulting in a lower balance than he expected. Therefore, option C is the correct answer: he forgot to enter a withdrawal in the register.
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Overall there are 3 main factors that are used to compute the premiums charged for health insurance. They are: A) Morbidity, interest, expenses B) Policy reserves, interest, expenses C) Mortality, interest, expenses
D) Morbidity, reserves, expenses
Option C is the correct answer. The three main factors used to calculate health insurance premiums are mortality, interest, and expenses.
What about health insurance?One sort of insurance that covers all or a portion of the risk of a person needing medical care is health insurance, sometimes referred to as medical insurance or medical aid in South Africa.Similar to other types of insurance, risk is shared among numerous parties. An insurer can create a standard financial framework, like a monthly premium or payroll tax, to raise the funds necessary to pay for the medical benefits outlined in the insurance agreement by evaluating the overall risk of health risks and health system expenses over the risk pool. The benefit is managed by a central body, which could be a non-profit organisation, a government agency or a private company.To know more about health insurance, visit:
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According to the video, what strategy do many banks use with their employees?
They transfer workers to new locations
They hire from other banks
They promote from within
They maintain the current staff
Answer: C
Explanation:
I just took the test
Answer:
The answer is c
Explanation:
An effective contract writing will describe all _________________ to be conveyed or excluded in the sale in detail.
An effective contract writing will describe all terms and conditions to be conveyed or excluded in the sale in detail.
An effective contract writing will describe all the essential elements and provisions to be conveyed or excluded in the sale in detail. These elements encompass a wide range of aspects that need to be clearly defined to ensure the rights, obligations, and expectations of both parties are accurately outlined.
Firstly, the contract should outline the identification of the parties involved, including their legal names, addresses, and any other pertinent details that establish their identities. This ensures clarity and avoids any confusion regarding the individuals or entities responsible for fulfilling the contract's terms.
Next, the contract should explicitly define the subject matter of the sale. This includes a comprehensive description of the goods, services, or property being transferred, along with any specifications, quantities, quality standards, or other relevant details. Clearly stating what is included and what is excluded in the sale helps prevent misunderstandings and potential disputes in the future.
Furthermore, the contract should outline the purchase price or compensation, including any payment terms, installment schedules, or contingencies. It should specify the currency in which the payment will be made and any applicable taxes, fees, or additional costs that may be incurred during the transaction.
Additionally, the contract should cover the timeframe and conditions of the sale, including delivery or transfer dates, inspection and acceptance procedures, and any warranties or guarantees provided by either party. It should also address any contingencies or conditions that must be met before the sale can be completed.
Moreover, an effective contract writing should incorporate provisions related to the allocation of risks and liabilities. This includes clarifying who bears responsibility for loss or damage during transit or after delivery, as well as any limitations of liability or indemnification clauses that protect the parties involved.
Lastly, the contract should address dispute resolution mechanisms, such as arbitration or mediation, to provide a framework for resolving conflicts should they arise. It should also include provisions related to the termination or cancellation of the contract and any associated penalties or remedies.
In conclusion, an effective contract writing comprehensively describes all the terms and conditions to be conveyed or excluded in the sale. By addressing the aforementioned aspects in detail, the contract minimizes ambiguity, establishes clear expectations, and protects the interests of both parties involved in the transaction.
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What can be protected by a patent?
A. The right to have exclusive use of real property
B. The right to use a specific and unique creative production
C. The night to use unique and innovative ideas
D. The right to use any type of intellectual property
Answer:
C.
Explanation:
You can patent an Idea so that no one else can use it.
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Your boss has told you to hire four more people to help you keep track of inventory. What kind of need is this
Dominant religions in certain parts of the world have an effect on entrepreneurship as well as religious ethics pertaining to the cost of doing business.
a. True
b. False
Answer:
a. True
Explanation:
Religion can be defined as a collection of ritu-als and shared beliefs that are typically inclined or hin-ged on a sacred realm.
There are different types of religion practiced across the world and these includes; Islam, Christianity, Buddhism, Hinduism, etc.
Dominant religions in certain parts of the world have an effect on entrepreneurship as well as religious ethics pertaining to the cost of doing business.
This ultimately implies that, emphasis on ethics and values taught by these dominant religions usually have an effect on the followers, as they express it in the various areas of their lives such as in business (entrepreneurship).
On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account
Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.
Describe the Christmas Club.An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.
Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.
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The complete question is:
On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.
7 the follow table contains the demand from the last 10 months :
Explanation:
Month Actual Demand Month Actual Demand
1 31 6 36
2 34 7 38
3 33 8 40
4 35 9 40
5 37 10 41
Show Work and answer the following:
a.) calculate the single exponential smoothing forcast for these data using a of .30 and an initial forecast ( F1) of 31.
b.) calculate the exponential smooting with trend forecast for these data using an a of .30, & of .30, and an initial trend forecast ( T1) of 1, and an initil exponentailly smoothed forecast F1 of 30,
c.) calculate the mean absolute deviation (MAD0 for each forecast
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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The accumulation of years of spending more money than is collected in revenues over several years creates a budget
O debt
O deficit
Osurplus
Oreversal
Answer:
deficit
Explanation:
Indeed, when a government accumulates years of spending more money than is collected in revenues a deficit budget is created as result.
For example, the United States is estimated to have a national debt of about 27 trillion dollars; meaning it has incurred expenses worth more than the total revenues gotten in the country for years. In other to prevent or go out from a deficit budget, more revenue-generating sources needs to be created in the economy so the country can operate a balanced budget.
Answer:
B
Explanation:
Deficit