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2 years ago

Colors of cars in a mall parking lot is?

Business

1 answer:

juin [17]2 years ago

6 0

Answer: Categorical

Explanation:

Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.

In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.

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A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W

lorasvet [3.4K]

Given:

Loan amount = $250000

Interest rate = 5.5%

Interest payment = $2042.71

To find:

Total amount of interest

Solution:

The total number of months in 15 years = $15\times12=180\text{ years }$

Total monthly payments will be $180\times \$2042.71 = \$367687.8$

So, the total pay-backs will be $3,67,687.8

Total interest paid will be as follows,

$\text{Total interest paid = Total pay-backs - Loan amount}$

On plugging-in the values in the above formula we get,

$\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80$

Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.

8 0

2 years ago

If the government removes a $4 tax on buyers of restaurant meals and imposes the same 4 tax on sellers of restaurant meals, then

Tanya [424]

Answer:

C. not change, and the price received by sellers will not change.

Explanation:

Because previously there was a tax of the same ammoutn nothing will change. The sellers will will transfer the tax into the price therefore, the after-tax proceeds will not change netiher the selling price. The same effect of the consumer tax will occur again, some or the entire tax will be pay for the seller or the consumer based on the elasticity of the supply and demand curve.

The effect of chaging the law will not alter the economic reality of translate taxes into consumers

4 0

3 years ago

A mobile veterinary business, preferred pet care, inc., created a mission statement long before it opened its doors for business

Artemon [7]

I had to look for the options and here is my answer:
Based on the mission of a mobile veterinary business given above, aside from the ones listed, other criteria that should be considered for their mission statement is the description of the customers that they serve and also their social responsibility to the area where they operate since they transfer from one place to another.

5 0

2 years ago

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

bixtya [17]

Answer:

Georgeland has an absolute but not a comparative advantage in producing clothing.

Explanation:

Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.

Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.

Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.

In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.

3 0

2 years ago

SMITH FAMILY'S 2018 TAX SCENARIOJoseph L. Smith (age 45, Social Security number 145-26-9210) and Rita M. Smith (age 43, Social S

Neporo4naja [7]

Answer:

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7 0

3 years ago