Simon will make approximately $1,515 more in total payments under the $20-a-month plan compared to the $65-a-month plan.
How to solve for the amount to be madeTo calculate the number of months it will take for Simon to pay off the credit card, we can use the formula for the number of months to pay off a loan:
Number of months = - (log(1 - r * P / A) / log(1 + r))
Where:
r = monthly interest rate (12% nominal interest rate / 12 months = 1% or 0.01)
P = principal amount ($790)
A = monthly payment
1) Minimum monthly payment of $20:
Number of months = - (log(1 - 0.01 * 790 / 20) / log(1 + 0.01))
Number of months ≈ 118 months
Therefore, it will take Simon approximately 118 months to pay off the credit card by making the minimum monthly payment of $20.
2) Monthly payment of $65:
Number of months = - (log(1 - 0.01 * 790 / 65) / log(1 + 0.01))
Number of months ≈ 13 months
Therefore, it will take Simon approximately 13 months to pay off the debt by making monthly payments of $65.
3) Total payments under the $20-a-month plan:
Total payments = Number of months * Monthly payment
Total payments = 118 * $20
Total payments = $2,360
Total payments under the $65-a-month plan:
Total payments = Number of months * Monthly payment
Total payments = 13 * $65
Total payments = $845
Difference in total payments = Total payments under the $20-a-month plan - Total payments under the $65-a-month plan
Difference in total payments = $2,360 - $845
Difference in total payments ≈ $1,515
Therefore, Simon will make approximately $1,515 more in total payments under the $20-a-month plan compared to the $65-a-month plan.
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I know these are multiple questions, but the actual question is fit into one big question. VERY MUCH APPRECIATED!
Planning and Conducting:
What are some possible ways to track down your energy usage? Is it more appropriate, in your opinion, to investigate energy usage per day, per week, or per month? • How would you estimate energy usage for devices which you are not the sole user of? • What are some appropriate ways to organize your data? • Suggestion: Pick at least 10 items that are commonly used every day. Record the power rating (in Watts or in some cases given as output: ____V / ____ A) and/or energy rating (in kWh). Track down the amount of time that the device runs in a period of your choice. (8 hours / 24 hours / 3 days / 1 week; do not go beyond one week.)
Possible ways to track down your energy usage are: Some possible ways to track down your energy usage are through the use of power strips, smart plugs, energy monitoring devices, and utility bills. These methods enable you to measure your electricity consumption so you can reduce it effectively.
In my opinion, it is more appropriate to investigate energy usage per month because it can give you a better perspective on how much energy you consume. You'll have a more detailed overview of your energy usage if you track it over a longer period.
Estimate energy usage for devices that you are not the sole user of by averaging the time that different people use them and multiplying that by the energy consumption of the device. If the device is on all the time, you may need to estimate based on the average number of hours per day that the device is turned on.
Appropriate ways to organize your data include sorting your data by device, usage frequency, energy usage, and time spent using each device. You may want to create a spreadsheet to keep track of your energy usage data for each device, so you can quickly and easily compare the energy usage of different devices.
If you prefer, you can also use an energy monitoring app or device to track your energy usage for each device.
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according to the video, acer’s strategy to remain competitive against hp is to grow the company through _______.
according to the video, acer’s strategy to remain competitive against hp is to grow the company through customized products .
What is Customized products ?
Customized goods and services are delivered to customers in accordance with their wants and preferences through the process of product customization, also known as product personalization. Customers have two options for customising products: they can ask the seller for specific changes, or they can make all the changes themselves.
Why are specialised products crucial?
A customer understands the worth of a product created precisely to satisfy their demands and needs. This indicates that providing personalization could enhance the user experience and boost participation, earnings, and profits. Some people might view personalization as a costly investment and a challenging procedure.
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If the firm finances investment spending out of retained earnings, then the interest rate is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the equivalent of income plus transfers minus taxes. the ratio of the total change in real gross domestic product (GDP) caused by an autonomous change in aggregate spending to the size of that autonomous change. the opportunity cost of using those funds for a particular investment project. irrelevant.
Answer: the opportunity cost of using those funds for a particular investment project.
Explanation:
Financing investment from the retained earnings of a company might seem like a costless method of sourcing funds but there is a cost that needs to be accounted for. This is the opportunity cost of not using those retained earnings for something else.
For instance, if Parrain Inc. decided to expand using retained earnings when they could have invested in a project that gave a return of 12% per year, the interest rate for the expansion is that 12% they could have earned from the other project.
discuss why the national recovery audit program was established
The national recovery audit program (RAC) was established to combat improper payments in the healthcare industry.
These improper payments include overpayments, underpayments, and fraudulent billing practices. The RAC program was designed to identify and recover improper payments made to healthcare providers and suppliers by the Medicare and Medicaid programs.
The RAC program was established as a result of the Medicare Modernization Act of 2003, which required the Centers for Medicare and Medicaid Services (CMS) to implement a program to identify and recover improper payments.
The RAC program is an important tool in the fight against waste, fraud, and abuse in the healthcare industry, and it helps ensure that taxpayer dollars are being used appropriately.
The program has been successful in identifying billions of dollars in improper payments and has helped to improve the integrity of the Medicare and Medicaid programs.
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In which type of organizational structure is decision making made at the lowest level of the organization
Answer:
chain of command
Explanation:
The chain of command organizational structure simplifies decision-making. Employees at the lowest level of the company hierarchy complete the tasks assigned to them for that day.
The lowest level of the organization's hierarchy is where decisions are made in a chain of command organizational structure.
The authority-based ranking of members is known as organizational hierarchy. It alludes to the positions that range from entry-level workers to senior managers or executives.
Organizational hierarchies typically have several levels, with higher positions held by people with more power. A hierarchical organization or hierarchical organization is a type of organizational structure where all but one of the entities are subordinate to one another.
This set up resembles a hierarchy. In an organization, the power structure typically consists of one or more individuals or groups at the top, followed by command lower levels of power.
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because mayara received a raise in pay from $90,000 to $100,000, her consumption increased from $50,000 to $55,000. what is mayara's marginal propensity to consume?
Taking the difference between the change in consumption and the change in income, one may calculate Mayara's marginal propensity to spend.
The equation is MPC = ∆C/∆Y
($55,000 − $50,000)/($100,000 − $90,000)
= $5,000/$10,000 = 0.5.
Thus, the marginal propensity to consume is 0.5.
The marginal propensity to consume (MPC) is the percentage of additional income that an individual spends rather than saves. The phrase and its formula are based on observations made during the Great Depression in the 1930s by renowned British economist John Maynard Keynes.
He pointed out that when people's incomes rise, they tend to consume more. MPC is helpful since it pertains to how an economic boost from the government may work. The marginal propensity to consume (MPC) concept quantifies how much more people will spend for every dollar of new income.
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Résumés should be written in complete sentences.
Please select the best answer from the choices provided
TRUE OR FALSE?
ANSWER: FALSE
Answer:
false lol thx
Explanation:
A car dealer advertises the sale of a car model for a cash price of P280,000. If purchased on installment, the regular downpayment is 15% and balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be required on the monthly payments? P 15,185.78 P 15,632.11 P 15,783.90 P 15,289.12
To calculate the monthly payments for the car purchased on installment, we need to consider the downpayment and the remaining balance.
The cash price of the car is P280,000. The regular downpayment is 15% of the cash price, which is calculated as:
Downpayment = 15% * P280,000 = P42,000
The remaining balance is the cash price minus the downpayment:
Balance = P280,000 - P42,000 = P238,000
The balance is payable in 18 equal monthly installments at an interest rate of 1.5% per month.
To calculate the monthly payment, we can use the formula for the monthly payment on a loan:
Monthly Payment = (Principal * Monthly Interest Rate) / (1 - (1 + Monthly Interest Rate)^-Number of Months)
Where:
Principal = Balance
Monthly Interest Rate = 1.5% (converted to decimal form: 0.015)
Number of Months = 18
Plugging in the values, we get:
Monthly Payment = (P238,000 * 0.015) / (1 - (1 + 0.015)^-18)
≈ P15,289.12
Therefore, the required monthly payments for the car purchased on installment is approximately P15,289.12.
Please note that the given options in the question are not matching the calculated result exactly. The closest option to the calculated amount is P15,289.12.
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In which situation would a savings account be the best investment to earn interest?
Osaving for retirement in 20 years
O saving to buy a new car in three years
O saving to buy a new house in seven years
O saving to easily access the money when needed
Answer:
Explanation:
A savings account would be the best investment to earn interest if you are saving to easily access the money when needed.Savings accounts are designed to offer a safe place to store your money and earn interest on your balance. They typically offer easy access to your funds, with no penalty for making withdrawals. However, savings accounts usually have lower interest rates compared to other investment options, such as stocks or bonds.For long-term savings goals such as retirement or buying a house, other investment options such as stocks or mutual funds may offer higher returns over the long run. However, these options come with higher risks and are typically not as easily accessible as a savings account.For short-term savings goals such as buying a car in three years, a savings account can also be a good choice since you'll want to have the money available when you need it, and you don't want to risk losing it in the stock market.Overall, a savings account is a good option for saving money that you may need to access in the near future, and it offers a lower risk and more stable return compared to other investment options.
A savings account is the best investment to earn interest is saving to easily access the money when needed. Thus the correct option is D.
What is the interest rate?Interest rate refers to the amount charged by the bank when lending any money to the borrower. The borrower has to repay the loan amount based on this interest rate along with the principal amount.
Savings money is typically deposited into interest-bearing accounts where the risk of losing your initial investment is low. You can store money in savings accounts while getting a meager interest return.
The optimal investment choice for you will depend on your personal financial objectives and risk tolerance. It could be a good idea to speak with a financial counselor if you are unclear about the investment option to select.
Therefore, option D is appropriate.
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Acme Fasteners keeps efficiency high by making a million of each kind of bolt
at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind
at a time. What service of wholesalers can best help Acme in this situation?
O
A. Buying large quantities and selling in smaller lots needed by
customers
O
B. Transporting fasteners to storage facilities
O
C. Being experts in fasteners and customers who use them
O
D. Keeping fasteners stored without theft or other kinds of loss
Answer:
A. Buying large quantities and selling in smaller lots needed by customers
Explanation:
Wholesalers can best help Acme in this situation by buying large quantities and selling in smaller lots needed. Thus, option A is correct.
Who is the customer?A customer is a client who places a request for a commodity, payments for such a product or service, and then receive it. The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the item or service.
In this situation, the wholesaler should buy the quantities in bulk that is being produced by the company and then divide the load into smaller quantity of 1000 unit or 10000 unit so that they can easily sell it to the customer and also benefit from the same and earn a profit from the same. Also, bulk buying can provide them with some offers.
Therefore, option A is the correct option.
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9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physical traits
Answer:
2. VARIED FROM PERSON TO PERSON
Explanation:
Today's US banking system ensures that if everybody who has money on deposit in the banks
suddenly decides to take out their money all at once, all depositors can get their cash.
True or False
Answer:
False
Explanation:
Not all depositors will get their cash. The FED, which is the body that regulates commercial banks, requires the banks to keep only a small percentage of customers deposits in their custody. The percentage maintained in the banks is known as the reserve. The percentage of the reserves requirement varies with time.
If all depositors decide to withdraw at once, they can not get their money as only the reserve amount will be available in the banks. Commercial banks usually lend out the rest of the customers' deposits to make profits.
According to the statement it's False.
Who is depositors?Not all depositors will get their cash. The FED, which is that the body that regulates commercial banks, requires the banks to stay only a tiny low percentage of consumers deposits in their custody. the share maintained within the banks is thought because the reserve. the proportion of the reserves requirement varies with time.
If all depositors arrange to withdraw directly, they will not get their money as only the reserve amount are going to be available within the banks. Commercial banks usually lend out the remainder of the customers' deposits to form profits.
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Describe a hypothetical government budget that employs an expansionary policy.
Answer:
Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.
Explanation:
The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.
Devon Corp. is trying to decide whether to lease or purchase a piece of equipment. The total cost lease the equipment will be $156,500 over its estimated life, while the total cost to buy the equipment will be $122,600 over its estimated life. At Devon's required rate of return, the net present value of the cost of leasing the equipment is $110,600 and the net present value of the cost of buying the equipment is $125,500. Based on financial factors, Devon should:
Multiple Choice lease the equipment, saving $33,900 over buying. buy the equipment, saving $33,900 over leasing.
lease the equipment, saving $14,900 over buying. buy the equipment, saving $14,900 over leasing.
When a company considers whether to lease or buy a piece of equipment, the total cost, net present value of the cost, and the required rate of return are important factors to consider.
In this case, Devon Corp. is looking to lease or purchase a piece of equipment. The total cost to lease the equipment will be $156,500 over its estimated life, it saves Devon Corp. $14,900 compared to purchasing the equipment. A detailed answer should be more than 100 words long to include the explanation of the concepts and calculations involved in the question.
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which is the least desirable option to choose if you are struggling with debt and need help learning to manage your finances?
Federal Trade Commission consumer information, is the least desirable option to choose if person are struggling with debt and need help learning to manage your finances.
What is finances?The term finance refers to borrowing money to go through tough times, saving money, and investing money. Finance is the provision of funds for credit against anything. Finance are they mostly used in the businesses. Types of finance are personal, public, and business finance is the three different categories.
The Federal Trade Commission, which assists those who are in debt, is also the organization that deals with customer protection and antitrust issues across the economy. The finance were simple to manage.
As a result, the Federal Trade Commission are in the help of the manage the finance and also the debts.
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Vivienne has four files she needs Bill to review. She sends Bill the file path to
where the files are saved on the server. When Bill opens the folder, he sees
the following files:
Section 1_final.docx
Section2_final vv.doc
Section3_v2.docx
section 4_final.doc
Bill sees that Vivienne may benefit from some tips about file organization.
Which of the following would be the most helpful tip?
A. The filenames should always contain Vivienne's full name.
B. The filenames should not distinguish between the different
sections.
C. The files that are not yet final should be stored separately from
files that are final.
D. The files should all be the same file type.
Answer:c: the files that are not yet final should be stored separately from files that are final
Explanation:just took the test
Answer:
C
Explanation:
Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
what interest rate would be necessary to obtain $ in years if $ is the amount of the original investment and the interest is compounded yearly?
To calculate the interest rate required to obtain a certain amount of money after a specified number of years with yearly compounding, we can use the formula A = P(1 + r)^n. To solve for r, we can rearrange the formula as r = (A/P)^(1/n) - 1.
Hence, where A is the final amount, P is the original investment, r is the interest rate, and n is the number of years. So if the original investment is $X and we want to obtain $Y after Z years, we would use the formula r = (Y/X)^(1/Z) - 1. This equation can be used to determine the interest rate required for any given investment and timeframe with yearly compounding.
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How does scarcity of resources affect the nations of the world?.
Answer:
Development work will be less
public will be less
many population of people may loss their life
will suffer from different diseases
Explanation:
......
with this type of externality, in the absence of government intervention, the market equilibrium quantity produced will be than the socially optimal quantity.
The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.
Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.
A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.
If there is presence of government intervention in the production, then, the production of goods or service will be halted.
Therefore, in conclusion, this type of externality is called the Negative Externality.
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n the _____ stage of team development, team members are involved in developing strategies and activities that promote goal achievement.
In the forming stage of team development, team members are involved in developing strategies and activities that promote goal achievement.
What is forming stage?The forming stage is the stage in which team members start to understand the purpose and goal of the group.
The team determines to organize themselves and their responsibility. The goals are discussed here and plans on how to execute and achieve their aim.Therefore, In the forming stage of team development, team members are involved in developing strategies and activities that promote goal achievement.
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Jobs sights on the internet tend to be all alike. True or false?
Please help I’ll give Brainly to the best answer thanks!
Answer: True
Explanation:
What are the four characteristics of a command economic system?
A Command economy, otherwise called an arranged economy, is one in which the focal government designs, sorts out, and controls generally monetary exercises to expand social government assistance.
Four Qualities of a Command Economy:
The public authority makes a focal financial arrangement.The public authority designates all assets as indicated by the focal arrangement.The focal arrangement defines the boundaries for the creation of all labor and products.The public authority possesses restraining monopoly businesses.A Command economy is where a focal government settles on every single monetary decision. Either the public authority or an aggregate possesses the land and the method for creation. It doesn't depend on the laws of market interest that work in a market economy.
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give four reason as to why being an entrepreneur is beneficial than a doing a job
Answer:
Hope this helps!
4 reasons:
Explanation:
1) Being an entrepreneur is beneficial because it helps you get to know yourself better. You get to be your own boss.
2) Entrepreneurs get to make their own schedule. You can work for flexible hours.
3) You get to be more independent. Taking entrepreneurship will grant you freedom.
4) Choosing to be an entrepreneur is a big risk. This means your taking a challenge in your life. You'll make yourself stronger!
The best part though? It is a big satisfaction when you succeed, yeah and you'll definitely be proud of yourself.
Which of the following actions best demonstrates to your boss that you are a motivated employee?
A) Finishing a task after your boss reminds you about it.
B) Hosting a pizza party for some work friends.
C) Arriving an hour early for a client meeting.
D) Helping a co-worker when your own work is finished.
Arriving an hour early for client meeting of following actions best demonstrates to your boss that you are at employee motivation.
What is employee motivation?Employee motivation is the intrinsic need to put up the necessary effort and take the proper action for tasks related to their jobs. A wide definition is that it relates to "psychological forces that determine an individual's level of effort and persistence, as well as the course of their conduct inside an organization." Motivation at work has been characterized as the "total of the mechanisms that determine the arousal, direction, and maintenance of behaviors related to work settings." Since motivated employees are often more productive, employee motivation is essential to the success of a firm. Motivation is the desire a person has to carry out a task or activity in order to achieve a goal.
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Permanent book-tax differences include ______.
a. $10,000 capital gain from the sale of land held by a business
b. $10,000 of prepaid rental income received on the last day of the tax year
c. $100,000 of organization costs for a new business
d. $50,000 of interest expense associated with the generation of tax-exempt income
15. In the retail product cycle, what step comes after distribution of products?
A. Distribution
B. Selection
C. Selling
D. Allocation
The step that comes after the distribution of products in the retail product cycle is to be considered as the option c. Selling.
What is the retail product cycle?It is the cycle that involved many stages like innovation, accelerated development, maturity and decline,
When the product is distributed so after that it should be selling step should come.
hence, the option c is correct.
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1. Determine the amount of the impairment loss, if any. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
The imparment value on the asset given the book value and the fair value of the asset is $-2.8 million.
What is the impairment loss?An asset is impaired when its book value is greater than the total future cash flows. When an asset is impaired, in order to determine the impairment loss, subtract the fair value of the asset from the book value of the asset.
Impairment loss = 6.9 million - $9. 7 million = $-2.8 million
Here is the information that would be used to solve the question: Book Book value $9. 7 million
Estimated total future cash flows 8.1 million
Fair value 6.9 million
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Why is choosing an appropriate mortgage potentially even more important than
choosing an appropriate auto loan?
Here are five considerations to keep in mind as you compare vehicle loans to find the best deal: Annual Percentage Rate (APR) When searching for a car loan, your annual percentage rate, or APR, is a crucial consideration.
Monthly Payment, Loan Term, Loan Amount, Fees and Penalties, and Final Remarks.
You wish to drive a modern car that you won't be able to pay for without financing in a fair amount of time. The moderate interest rate means that the additional costs won't have a big impact on the overall cost of the vehicle. The periodic payments won't put undue strain on your current or next finances.
This rule states that housing costs should not exceed 28% of one's gross monthly income and total debt service should not exceed 36%. This rule is frequently used by lenders to decide whether or not to offer borrowers credit.
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the changes in the non-cash balance sheet accounts explain the differences between the ______.