Answer:
The monthly payment is $2184.52
Explanation:
Given
Required
Firstly, the loan amount has to be calculated
The Question says; of the total amount spent, only 60% was borrowed;
So;
The monthly payment can then be calculated using the following formula
Where P = Loan Amount = 132,000
r = rate of payment = 5.95% = 0.0595
n = duration (in month)
n = 6 years
n = 6 * 12 months
n = 72 months;
Substitute the above parameters in the formula;
becomes
<em>Hence, the monthly payment is $2184.52</em>
Borrowers gains from inflation.
Inflation is the rate of growth in costs over a given time frame. Inflation is normally a huge measure, including the general increase in expenses or the boom in the cost of dwelling in a country.
Inflation is the charge of growth in costs over a given time frame. Inflation is typically a huge degree, together with the overall increase in prices or the boom in the cost of living in a country.
At the same time as high inflation is typically considered harmful, some economists trust that a small amount of inflation can help power economic growth. the opposite of inflation is deflation, a state of affairs where costs tend to say no. The Federal Reserve's goal is a 2% inflation fee, based totally on the consumer price Index (CPI).
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Answer:
Year 1 = $387
Year 2 = $516
Explanation:
Loan has been granted on 1 April in Year 1 i.e. for a period from 1 April to 31 December = 9 months.
Interest for year 1 @6% = $8,600 X
= $387
Interest for year 2 will be from 1 January to 31 December =
$8,600 X = $516
Therefore interest revenue to be reported by Rosewood Company will be as follows
Year 1 = $387
Year 2 = $516
The statement is True. Leadership has many facets, but the central feature of leadership is the ability to command and control others.
“The movement of Leadership a collection of people or an employer.” this is how the Oxford Dictionary defines management. In simple phrases, management is set taking dangers and hard the status quo. Leaders inspire others to obtain something new and higher.
Management abilities may be practiced to any degree irrespective of the identity you have. Leadership may be a critical capability to have because a great leader is capable of convey out the quality talents in his/her team participants and motivating them to paint collectively in attaining a shared intention.
One definition of management is to “inspire, influence and manual others to take part in a not unusual effort.” right leaders do not simply bark orders or hand out directives without an explanation. as an alternative, they use effective communication and motivation strategies to facilitate motion by using their teams.
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Answer:
should be equal to their marginal revenue product.
Explanation:
This applies to basically all employees that work in competitive markets, their salaries should equal their marginal revenue product.
An employee's salary = the market value of hiring the employee = marginal revenue product
The formula for calculating marginal revenue product = marginal physical product x marginal revenue
where:
- marginal physical product = extra units produced by the employee
- marginal revenue = price of the units produced
For example, a new employee can produce 100 units per day and each unit is sold at $0.75, therefore the employee's marginal revenue product = 100 units x $0.75 per unit = $75 per day