Answer:
The equal monthly payment is $3,068.20
Explanation:
The equally monthly payments can be computed using the pmt formula in excel.
=pmt(rate,nper,pv,fv)
rate is the monthly nominal rate of 6%/12=0.5%
nper is the number of monthly payments required which is 4*12=48
pv is the current value of the bicycle of $170,000
fv is the worth balance of the financing arrangement at the end of fourth year that should be paid once ,$50,000 balloon payment
=pmt(0.5%,48,-170000,50000)
=$3,068.20
Note that the interest is one month interest rate as the payment is expected monthly.
Answer:
Rent Versus Buy. Alex Guadet of Nashville, Tennessee
b. Computation of Interest payable by Alex during the first year of the loan:
Interest = Net Mortgage amount x rate of interest
= ($148,300 x 5%)
= $7,415
Explanation:
a) Data and Calculation:
Mortgage amount = $150,000
Principal Reduction 1,700
Net Mortgage $148,300
b) Mortgage Interest is calculated as the Mortgage amount minus any reduction in the principal amount, multiplied by the interest rate. The interest represents the cost of capital that Alex pays for taking a mortgage on the property. For the bank, the interest represents the benefit for lending the mortgage loan to Alex.
Answer: The person fills "silence" during conversations
Explanation:
Culture is simply regarded as people's way of life. The way if life include their food, the kind of music they listen to, their religion, language, their beliefs, values etc.
Someone who is not culturally competent in working with others from different cultures would usually be silent during conversations. This is because the person doesn't know much about the culture and can't really be involved in the conversation.
Answer:
$5,000
Explanation:
Given that,
Accounting profit = $10,000
Interest rate = 5%
Amount withdraw = $100,000
The economic profit is calculated by subtracting implicit costs and explicit costs from the total revenue.
Accounting profit is determined by subtracting explicit costs from the total revenue.
Accounting profit = Total revenue - Explicit costs
Economic profit:
= (Total revenue - Explicit costs) - Implicit costs
= $10,000 - (Interest income)
= $10,000 - (5% × $100,000)
= $10,000 - $5,000
= $5,000
Answer:
D) workshops involving business games and simulations
Explanation:
Employee development is is important because it helps to retain key employees, meet the challenges of competition, incorporate technological advances and improve overall employee performance.
Employee development usually involves four different approaches:
- formal education: generally includes off-site or on-site education programs that are specifically designed for the company's employees and are dictated by consultants or universities, e.g. short term courses
- assessment
- job experiences
- interpersonal relationships
