A production machine operates in a semi-automatic cycle but a worker must attend the machine 100% of the time to load parts. Unloading is accomplished automatically. The worker’s cost rate = 27$/hr and the equipment cost rate = 22.00$/hr. The applicable overhead cost is 31%. The material cost is 1.25$/pc. The job runs several months so the effect of setup can be ignored. Each cycle, the actual process time = 48 sec, and time to load the part = 15 sec. Automatic unloading takes 4 sec. A proposal has been made to install an automatic parts-loading device on the machine. The device would cost 27,500$ and would reduce the part loading time to 6 sec each cycle. Its expected life is 2 years. The device would also relieve the worker from full-time attention to the machine. Instead, the worker could assist three machines. The operation runs 250 days per year, 16 hours per day, machine availability = 96%, and scrap rate = 3%. Determine the cost per part produced: (a) without the parts loading device; (b) with the parts loading device installed. (c) How many days of production are required to pay for the automatic loading device? In other words find the breakeven point.

Answers

Answer 1

To determine the cost per part produced without and with the parts loading device, we need to consider the labor cost, equipment cost, overhead cost, material cost, and other relevant factors. By calculating the total cost per part, we can compare the costs in both scenarios.

(a) Without the parts loading device:

To calculate the cost per part produced without the device, we need to consider the labor cost, equipment cost, overhead cost, material cost, and other factors.

The labor cost per part is calculated by dividing the worker's cost rate by the number of parts produced in a given time. The equipment cost per part is determined by dividing the equipment cost rate by the number of parts produced in the same time frame.

The overhead cost is applied as a percentage of the total labor and equipment costs. The total cost per part is the sum of these costs.

(b) With the parts loading device installed:

With the device installed, the part loading time is reduced. This allows the worker to attend three machines instead of one.

To calculate the cost per part produced with the device, we need to consider the labor cost for the worker attending multiple machines, the reduced part loading time, and the other costs as mentioned above.

The total cost per part is calculated using these updated values.

(c) Breakeven point:

The breakeven point is the number of days of production required to cover the cost of the automatic loading device.

It can be calculated by dividing the cost of the device by the difference in cost per part produced with and without the device, and then multiplying it by the number of working days in a year.

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Related Questions

A company regularly honors its employee-of-the-month with a congratulatory post on its social media pages. Which standards should the company establish and enforce to best protect the privacy rights of these employees?

Answers

Rules of conduct for how social media followers and visitors respond to the posts standards should the company establish and enforce to best protect the privacy rights of these employees.

Establish: to introduce, induce to expand, or cause to become stable or firm. to promote the widespread knowledge and acceptance of (someone or something). to support a claim. Her stardom was cemented by the movie. She has a reputation for being a diligent worker. The word is now firmly entrenched in the English language.

Authorize, base, build, create, enact, form, found, inaugurate, install, institute, provide, put, settle, start, confirm, determine, formulate, make, prove, and ratify are all synonyms for "establish."

to begin experiencing joy, self-assurance, and success in a new position or location. She was only beginning to settle down here. Words that are related and synonyms. being or acquiring happiness or happiness. Enjoy it. to verify one's status, someone else's status, or something else's reputation as being a particular thing.

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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?

Answers

Answer:

Neighborhood 2

Explanation:

Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:

(10 Families *2) * ($70 for day care - $30 per child)

20*40= $800/day

Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2

What did Hayek argue about government involvement in the economy?

Answers

As the title suggests, Hayek believed that government intervention in the form of centralized planning stripped away individual liberties.

He warned of "the dangers of tyranny that inevitably arise from state control over economic decision-making..." but did not rule out the role of government. Indeed, he pointed to distinct areas where government intervention could prove beneficial. Among them is the demand for a stable job. limiting working hours; coping with the effects of deforestation and pollution; Even maintaining a social safety net. Hayek writes: to stay healthy. He even goes so far as to suggest that the government get involved in creating a national insurance program. "No reason," he continues.

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If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
Yens do you need to buy 200 Dollars for? show working please

Answers

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

Answer:

2400 yen

Explanation:

smort

Which of the following liabilities could be a multi-period known liability?

a. Unearned Subscriptions Revenues
b. Notes Payable

Answers

Notes payables are known are multi-period liability because their payment can be made within current year or also it can be done over the years, therefor option (b) is correct.

Notes payables are simply a kind of written promissory note. A borrower a certain sum of money from a lender under this agreement and agrees to repay it with interest over a specified period of time. The rate of interest may be set again for life of the promissory note, or it may fluctuate in line with the rate of interest the borrower charges its most important customers.

Notes payable can be classified into current liabilities when their payment is made within the current year, and if the payment is made over several years, it will be classified under multi-period liability.

The complete question is here:

Which of the following liabilities could be a multi-period known liability? (Select all that apply.)

a. wages payable

b. Notes Payable

c. Accounts Payable

d. Unearned Subscription Revenues

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what is the difference between book value and market value? which should we use for decision-making purposes?

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The difference between book value and market value is that book value is the value of an asset as it appears on a company's balance sheet, while market value is the value of an asset as determined by the current market price.

Book value and market valueBook value is calculated by taking the original cost of an asset and subtracting any accumulated depreciation.Market value, on the other hand, is determined by the current supply and demand for the asset in the market.

For decision-making purposes, it is generally better to use market value because it reflects the current value of an asset and is therefore a more accurate measure of an asset's worth. However, book value can be useful in certain situations, such as when a company is liquidating its assets and needs to determine the value of its assets for accounting purposes.

In conclusion, the difference between book value and market value is that book value is the value of an asset as it appears on a company's balance sheet, while market value is the value of an asset as determined by the current market price. For decision-making purposes, market value is generally the better measure to use because it reflects the current value of an asset.

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The footwear industry in India is dominated by "B -relax Footwear". B- relax footwear
procures 70% of its raw material from " Polymers Ltd". The major production of Polymers
Ltd is plastic chips. PU foam and elastic which is used by B- relax Footwear in its
manufacturing processes. After due diligence they decided to merge with each other. If they
merge, B-relax Footwear donot need to look for a vendor and sourcing raw materials would
be easy. Whereas, if Polymers Ltd donot need to worry about sales and marketing. All they
need to do is to improve their processes to produce better raw materials for B-relax
footwear. After the merger the combined entity will be known as :B-relax Ine. (i) Identify and explain the type of merger between "B-relax footwear and
"Polymers ltd". (ii) Why is due diligence required before merger?
(iii) Which id the most dominant reason for this merger? Explain

Answers

The structure in which a firm's supply chain is integrated and owned by that company is referred to as vertical integration in microeconomics, management, and international political economy.

What is meant by Vertical Merger?

A vertical merger combines two companies that are both in the same industry and at different phases of production.

To put it another way, a vertical merger is the joining and integrating of two or more companies engaged in the production of goods or services at multiple points along the supply chain.

A horizontal merger occurs when one business buys another that is in its immediate competitive range. Vertical mergers occur when one business buys another that is not directly competitive but participates in the same supply chain.

Therefore, A vertical merger is often used to describe the union of two companies that operate in different supply chain segments.

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Thirsty Dog! Is a zesty beef-flavored, vitamin-enriched, mineral-loaded, lightly carbonated bottled water for your dog. It might have been a great product, but competition over shelf space was fierce and the product could not generate enough sales per square foot for retailers. The makers of this product had

Answers

I do believe that’s a true statement

Which of the following pieces of information is needed to compute flow time at a dentist's office?
A. Travel time of patients from home to the dentist.
B. Scheduling time of patients.
C. Arrival time of patients.
D. Arrival time of staff.

Answers

Answer:

C. Arrival time of patients.

Explanation:

Flow time is a term used in business operations to describe the quantity of period or duration a flow unit such as the number of customers attended to, commodities produced, etc, consumes in a business operation from start to finish. It can be calculated by the formula T = I/R

Where T = Flow time, I = average inventory, R = number of customers attended to / time period

Hence, in this situation, the information that is needed to compute flow time at a dentist's office is option C Arrival time of patients.

Differentiate among the following.
a. full warranty:
b. limited warranty:
c. implied warranty:

Answers

Full Warranty means the coverage meets the federal minimum standards for comprehensive warranties, while "Limited Warranty" means the coverage does not. ... This is an example of a full warranty. It specifies that the customer has a right to a replacement or a refund if repairs are not possible.

Bob has a monthly fruit budget of $80, which he spends on either apples or grapes. Each apple costs $2, while each bunch of grapes costs $4. Assuming that grapes are on the horizontal axis of bob's budget constraint, the slope of his budget constraint is question 9 options: a) -1/2 b) -1 c) -2 d) -4

Answers

The slope of Bob's budget constraint is -1/2 if grapes are on the horizontal axis of the constraint.

What is axis?

An axis is a hypothetical line that is used to define a position in space in mathematics and geometry. An axis can be considered as a reference line that is used to locate or measure points or objects. The x-axis and the y-axis are the two axes in two-dimensional space. Typically, the y-axis is vertical and represents the value of a second variable, while the x-axis typically has a horizontal orientation. The value of a third variable is represented by the z-axis in three-dimensional space. Axes are used to describe and examine relationships between variables and objects in a variety of mathematical and scientific fields.

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Uniontown Books began operating in 2011. The company lost money its first three years of operations, but has had an operating profit during the past two years. The company's operating income (EBIT) for its first five years was as follows: Year EBIT 2011 -$2,200,000 2012 -$2,000,000 2013 -$1,000,000 2014 $1,200,000 2015 $7,000,000 The company has no debt, and therefore, pays no interest expense. Its corporate tax rate has remained at 34% during this 5-year period. What was Uniontown's tax liability for 2015

Answers

Answer: $1,020,000

Explanation:

Uniontown's tax liability for 2015 will be calculated thus:

Firstly, we'll calculate the loss to be adjusted in 2015 which will be:

2011 = $1,000,000

2012 = $2,000,000

2013 = $1,000,000

Total = $4,000,000

The profit after the adjustment of loss will be:

= EBIT in 2015 - Adjusted loss

= $7,000,000 - $4,000,000

= $3,000,000

Since Corporate tax rate is 34%, then. The tax liability for 2015 will be:

= $3,000,000 × 34%

= $1,020,000

Therefore, Uniontown's tax liability for 2015 is $1,020,000.

Note that from the total loss of $2,200,000 in 2011, $1,000,000 is adjusted in later years as $1,200,000 is adjusted in 2014.

Excuse me,



(ಠ_ಠ)
ง ง

Answers

Answer: >:o
Explanation:

You are a part-time worker at a small neighborhood grocery store. You've been working in the store for only a few days, but already you know you like the job and your employer. It's close to your home, so it's very convenient. However, you're worried about security because you often work alone. There is a security camera, but it doesn't look like it's working. Posters and flyers completely fill the windows, making it impossible to see in or out. And the streetlights outside the store aren't very bright. You decide to talk about your concerns with the store owner.

Answers

Answer:

Despite liking the job due to the comfort and convenience which it offers, the security challenge is not something to wish off. I would engage with the store owner to see in which ways which he could improve the security of the store.

For example, changing the security camera, and removing the posters and flyers which fills the windows could be a great way to start. Also, with time, he could consider hiring a security guard who could be stationed in front of the store for few hours work in the night. this would guaranteed extra layer of security.

Explanation:

why does a company split its stock quizlet

Answers

A stock split can be a way for a company to make its shares more accessible and appealing to investors while also signaling its positive growth prospects in the market.


A company may choose to split its stock to make its shares more accessible and affordable for investors. By reducing the price of each share, more investors can afford to purchase the stock, which can increase the demand and liquidity for the company's shares.

Another reason a company may split its stock is to signal to the market that the company is performing well and expects to continue to do so in the future. The stock split can generate positive publicity and attract new investors who may be interested in the company's growth potential.

A stock split can also help to improve the liquidity of a company's shares, making it easier for investors to buy and sell the stock in the market. This can increase trading activity, which can lead to higher volumes and more efficient price discovery.

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during the final phase of a well-designed and systematic orientation program, the employee is assigned to:

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during the final phase of a well-designed and systematic orientation program, the employee is assigned to the job

A program called new employee orientation was developed by human resources and other employees of a corporation to acquaint new personnel with the business. Before their first day on the job, new employees can get to know their coworkers and get acquainted with the facility and its amenities during orientation. Human resources may be able to finish necessary paperwork and offer supplies like IDs, gadgets, and login details.

A new hire receives information about a company during new employee orientation, which is a guided training session. It may also include instructions, guidelines, and regulations, as well as specialized training for that person's position. Learning more about developing useful orientation materials and procedures can be helpful if you work in human resources. This article defines new employee orientation, demonstrates its significance, describes how to create a recent hire orientation, and offers practical advice for effective orientation planning.

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Create a marketing plan for Carla's chocolates using the elements of an plan. (15 points )

Answers

The marketing plan (element) for Carla's chocolates are:

Marketing Goals and Objectives. Set out your Target Audience.Examine Marketing Tactics.Plan Your Marketing Tactics. Make  Your Timeline and Budget.

How do i create the plan?Start with an executive summary

Carla's chocolates is a new brand of chocolate that has different varieties and rich in nutrient that nourish the body.

State your company's mission, vision

To make a brand of cholate that will be in a global one and will be rich in nutrient that people will want more after having a bite, We want to be a household name in the industry.

Identify the market and competition.

Wholesale, retail and online

Define your target customer.

Young children, teenagers and adult

Make  Your Timeline and Budget.

$400- $1000 , 3 months.

Therefore, The marketing plan (element) for Carla's chocolates are:

Marketing Goals and Objectives. Set out your Target Audience.Examine Marketing Tactics.Plan Your Marketing Tactics. Make  Your Timeline and Budget.

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A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. If 5,000 units are produced and sold, income equals: multiple choice $1,930,000. $290,000. $410,000. $2,050,000. $1,520,000

Answers

If 5,000 units are produced and sold, income equals $290,000. This is the profit made.

Variable cost of making a pair of jeans = $328.

A variable expense is a corporate cost that adjustments of extent to how much an organization creates or sells

Sale Price per pair of jeans = $410.

A sale price is the limited cost at which labor and products are being sold.

Contribution per pair of jean = 410–328= $82.

Fixed costs = $120,000.

Fixed costs continue as before paying little mind to creation yield. Fixed expenses might incorporate rent and rental installments, protection, and interest installments.

Number of units sold = 5000.

Income from profit = (No of units sold* Contribution per unit) - Fixed cost = (5000*82)-120000=410000–120000=$290,000.

This is the profit.

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search engine marketing search engines are online tools that help users find the information they need. t or f

Answers

Internet advertising Users can find the information they need online with the aid of search engines. - true.

Why is search engine marketing primarily used?

A digital marketing strategy called SEM, or search engine marketing, is used to increase a website's visibility on search engine results pages (SERPs).

In order to expand a company's reach, search engine marketing has become an essential component of internet marketing due to the rise in the number of people conducting product research and shopping online.

In actuality, the vast majority of new website visitors arrive at it via a search engine query.

A company can effectively use its marketing budget by using search engine marketing, where marketers only pay for impressions that generate visitors. An additional benefit is that each visitor raises the website's standing in organic search results little by little.

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Gilley, Inc., sells a single product. The company's most recent income statement is given below. Sales (4,000 units) $120,000 Less variable expenses (68,000) Contribution margin 52,000 Less fixed expenses (40,000) Net income $ 12,000 Required: a. Contribution margin per unit is $ ________ per unit b. If sales are doubled to $240,000, total variable costs will equal $ ________ c. If sales are doubled to $240,000, total fixed costs will equal $ ________ d. If 10 more units are sold, profits will increase by $ ________ e. Compute how many units must be sold to break even. # ________ f. Compute how many units must be sold to achieve profits of $20,000. # ________

Answers

Contribution margin per unit is $13 per unit , total variable costs will equal $136,000, total fixed costs will equal $40,000. If 10 more units are sold, profits will increase by $130, The number of units to break-even is 7,111. The number of units required to achieve a profit of $20,000 is 5,538.

Given that Sales (4,000 units) $120,000Less variable expenses (68,000)

Contribution margin 52,000Less fixed expenses (40,000)Net income $ 12,000a)

Calculation of contribution margin per unit

Contribution margin per unit is calculated by dividing the total contribution margin by total number of units.

Contribution margin per unit =$52,000/4,000 units= $13 per unit  

Calculation of total variable costs Total variable cost is calculated as follows:

Contribution margin = Sales - Variable cost ⇒ $52,000 = $120,000 - Variable cost⇒

Variable cost = $120,000 - $52,000 = $68,000

Total variable costs for sales of $240,000 = $240,000 × ($68,000 ÷ $120,000) = $136,000

Calculation of total fixed costs

Total fixed costs for sales of $240,000 = $40,000 (remains the same)

Calculation of profits increase

If 10 more units are sold, profits will increase by $130 = 10 × $13 (contribution margin per unit)

Calculation of break-even point

Break-even point is the point where total sales equals total expenses and the net income is zero.

Contribution margin ratio = Contribution margin / Sales ⇒ $52,000 / $120,000 ⇒ 0.433 or 43.3%

Fixed expenses / Contribution margin ratio = $40,000 / 0.433 ⇒ $92,355 (rounded to nearest dollar)

Total units to break-even = Total fixed cost / Contribution margin per unit ⇒ $92,355 / $13 per unit = 7,111 (rounded to nearest whole unit)

Calculation of the number of units needed to achieve a profit of $20,000

Units required to achieve a profit of $20,000 = (Fixed costs + Operating income) / Contribution

margin per unit = ($40,000 + $20,000) / $13 per unit

= 4,000 units + 1,538 units = 5,538 units (rounded to nearest whole unit)

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When manufacturing companies sell their finished products, the costs of those finished products are removed from inventory and expensed as:_____.

Answers

The costs of the finished goods are removed from inventory when manufacturing businesses sell them, and they are subsequently expensed as the Cost of goods sold.

The total amount that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your enterprise, these can be items bought for resale, raw materials, packaging, and direct labor involved in creating or distributing the commodity.

Depending on changes in inventory, the cost of goods manufactured or purchased products changed. For instance, the cost of 450 units would be the cost of products sold if 500 units were produced or purchased, but inventory increased by 50 units. The cost of 550 units is the cost of goods sold if inventory falls by 50 units.

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A physical item that can be touched is called

Answers

Answer:

Persom

Explanation:

Steven is a senior in high school. His father, Jeff, is a successful businessman. The two are very close and talk openly about things, including money and investments. Jeff decides to change his investments, and he puts one-fourth of his money in a steadily growing company, one-fourth in a rapidly growing company, one-fourth in a single company that has paid good dividends, and one-fourth in a company based overseas. When he tells Steven, he is shocked that Steven is worried. Is Steven right to be worried? Why or why not?

Answers

Answer:

No, Stephen should not be worried.

Explanation:

What Jeff has done is known as diversification.

Diversification is an investment strategy of spreading one's capital in different categories of assets.  Practicing diversification means investing in many classes of assets as opposed to focusing on one particular asset.

By diversifying, Steven's father is safeguarding against heavy losses should the market behave against expectation. If one has focused on only one class of assets, if the market moves against forecast, he will suffer heavy losses. If he has diversified, some classes of assets will make profits and other losses. Diversification is, therefore, a risk mitigation tool that guards against total capital loss. Steven should be happy instead of getting worried.

why is self-representation important in the corporate world?

Answers

The correct answer is A. It determines the kind of interaction you have with your coworkers.

What is self-representation?Self-representation is the word used to describe people's conceptions, ideas, and beliefs about themselves and how these ideas, beliefs, and conceptions affect the way they present themselves to others.Additionally, one's self-perception affects attitudes, behaviors, and interactions with others. For instance, if you think of yourself as superior to others, you probably have arrogance, which will negatively affect your dealings with others. This is especially important in the business environment because it may have an impact on relationships with colleagues. This states that self-representation is crucial because "it controls the interactions you have with your coworkers." A is the right response. Your interactions with coworkers are influenced by it.

The complete question is,

Why is self-representation important in the corporate world?

a. It determines the kind of interaction you have with your coworkers.

b. It determines the percentage of salary increases during appraisals.

c. It shows that you are an honest person with strong work ethics.

d. It shows your self-management abilities.

e. It helps you avoid conflicts

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About how long is a true elevator pitch?

Answers

An elevator pitch is about 20-60 seconds

Answer:

It's about 30 seconds

Hope this helps

Explanation:

FILL THE BLANK.
Happy Times, Inc., wants to expand its party stores into the Southeast. In order to establish an immediate presence in the area, the company is considering the purchase of the privately held Joe’s Party Supply. Happy Times currently has debt outstanding with a market value of $130 million and a YTM of 9 percent. The company’s market capitalization is $270 million, and the required return on equity is 14 percent. Joe’s currently has debt outstanding with a market value of $26 million. The EBIT for Joe’s next year is projected to be $16.0 million. EBIT is expected to grow at 7 percent per year for the next five years before slowing to 5 percent in perpetuity. Increases in net working capital and capital spending as a percentage of EBIT are expected to be 6 percent and 12 percent, while depreciation is expected to be 5 percent of EBIT. Joe’s has 2.15 million shares outstanding and the tax rate for both companies is 35 percent.
a. What is the maximum share price that Happy Times should be willing to pay for Joe’s? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)
Maximum share price $ ___.__

Answers

Happy Times, Inc., wants to expand its party stores into the Southeast. In order to establish an immediate presence in the area, the company is considering the purchase of the privately held Joe’s Party Supply.

Year FCFF\(1$11,324,8002$12,121,7363$12,961,5734$13,845,9145$14,776,5786$16,685,913.48\)Terminal value\($196,470,284.58PV factor (11.26%)0.8988990.8054370.7180150.6411160.5731460.512723\)PV of FCF\($10,190,693.9210,500,869.510,876,870.0611,306,050.3911,789,354.35199,707,661.47\)Sum of the present value of the FCFF = $244,369,499.76

Enterprise value = Present value of the FCFF + Terminal value - Market value of debt

\(= $244,369,499.76 + $196,470,284.58 - $26,000,000\)

= \($414,839,784.34\)

Calculation of the Maximum Share Price that Happy Times Should Pay:

Enterprise value = Number of shares x Price per share + Market value of debt

\($414,839,784.34 = 2,150,000 x Price per share + $26,000,000\)Price per

share \(= ($414,839,784.34 - $26,000,000) ÷ 2,150,000= $186.80\)

The maximum share price that Happy Times should be willing to pay for Joe’s is\($186.80.\).

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Which career pathways require workers to train at special academies?
EMTs and Emergency Dispatchers
Crossing Guards and Lifeguards
Police Officers and Firefighters
Lawyers and Judges

Answers

Answer:

Police Officers and Firefighters

Answer:

the correct answer would be police officers and firefighters

Explanation:

hope this helps:)

which type of credit describes most mortgage loans?

Answers

Most mortgage loans are a type of installment credit. Mortgage loans also typically have fixed payment schedules and repayment terms, which are agreed upon by the lender and borrower at the time the loan is issued.

Installment credit is a kind of credit that includes getting a particular measure of cash and taking care of it in fixed regularly scheduled installments over a foreordained timeframe, which is normally quite a long while. With a mortgage loan, the borrower gets a lump sum of money from the lender to buy a home, and afterward reimburses the credit over a time of 15 to 30 years through a progression of fixed regularly scheduled installments.

These installments incorporate both head and interest and are determined to guarantee that the credit is completely reimbursed toward the term's end. In this manner, contract advances are an exemplary illustration of installment credit.

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For each example, identify the most appropriate CTSO. 1. Ann wants to be a manager who directs the work of others: 2.Teresa wants to have a career that emphasizes mathematics: 3.Justin wants to have a career in nursing: 4.Howard wants to have a career focused on the education of

Answers

Answer:

Ann: DECA

Teresa: TSA

Justin: HOSA

Howard: FEA

Explanation:

Answer: DECA your welome if i did spell it wrong sorry bout that im am a horrible speller

THE WINNER IS cssa06160! She/he answerd the most questions with all accuracy : )!!! She will get brainliest

Answers

Answer:

^--^

Explanation:

Answer:

yey :)

Explanation:

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