A(n) ____________ in the loan interest rate and a(n) _____________ in the loan duration will increase the monthly auto loan payment.
Answers
A(n) increase in the loan interest rate and a(n) decrease in the loan duration will increase the monthly auto loan payment.
When the loan interest rate increases, it means the borrower will be charged a higher percentage of interest on the loan amount. This leads to an increase in the total interest paid over the loan term. With a higher interest rate, the monthly payment needs to cover not only the principal amount but also the increased interest charges, resulting in a larger monthly payment.
Similarly, when the loan duration is decreased, the borrower has a shorter timeframe to repay the loan. This means the principal amount needs to be paid off in a shorter period, resulting in higher monthly payments. The shorter loan duration compresses the repayment schedule, requiring the borrower to make larger monthly payments to meet the accelerated repayment timeline.
Therefore, an increase in the loan interest rate and a decrease in the loan duration will both contribute to an increase in the monthly auto loan payment, as borrowers will need to allocate more funds each month to cover the principal and the higher interest charges within a shorter timeframe.
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Related Questions
below the wholesale level, selling cocaine, heroin, or marijuana is an easy-entry business, requiring only a source and ______.
Answers
Below the wholesale level, selling cocaine, heroin, or marijuana is an easy-entry business, requiring only a source and customer is the missing term in the given question.
What is the meaning of easy-entry business?An easy-entry business is a business in which the capital needed to begin operations is modest, and the process of entering the market is straightforward. For example, an easy-entry business is one that does not require a large amount of initial capital to get started, and that does not require any specialized knowledge or skills. It is a business that is open to anyone who is willing to put in the time and effort to get started.The process of selling cocaine, heroin, or marijuana is quite easy at the retail level. There is a low entry barrier to enter into the business.
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2. You are working as an Administrative Assistant in the Human Resource Department at ABC Company based in Brampton, Ontario. One of the employees has approached you to ask if she works 51 hours next week instead of her normal 40 hours, is she entitled to overtime pay? If so, how would this be calculated? Use the Employment Standards Act for Ontario to answer this question (quote directly from the website and cite correctly).
Answers
An employee who works more than 44 hours in a workweek is entitled to overtime pay of at least one and a half times their regular rate of pay for each hour worked above 44 hours, per the Employment Standards Act for Ontario.
A legal framework known as the Employment Standards Act outlines the minimal requirements for employment in Ontario, Canada. The Act stipulates rules for things like minimum wage, overtime compensation, vacation time, public holidays, termination and severance pay, among other things. Regardless of the size of the business or the nature of the job being done, the Act is applicable to the majority of employees in Ontario. The Employment Standards Act was created to safeguard employees' rights and guarantee that they get fair treatment at work. The standards and rules of the Act must be followed by employers; failure to do so may result in legal action and penalties.
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An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
On his last day in office, President James Madison influenced "internal improvements" by
A. supporting the idea of using federal funds to finance transportation construction.
vetoing a bill that would have used federal funds to construct roads and canals.
supporting federal financing of scientific and technological research into steam power.
both supporting the idea of using federal funds to finance transportation construction, and vetoing a bill that would have used federal funds to construct roads and canals.
both supporting the idea of using federal funds to finance transportation construction and supporting federal financing of scientific and technological research into steam power.
Answers
On his last day in office, President James Madison both supported the idea of using federal funds to finance transportation construction and vetoed a bill that would have used federal funds to construct roads and canals.
This demonstrated his belief in the importance of federal investment in transportation infrastructure, but also his concern about the federal government overstepping its bounds in areas that he believed should be left to the states. Madison also supported federal financing of scientific and technological research into steam power, recognizing the potential for innovation to drive economic growth and national development.
This reflects his broader interest in promoting American industry and technological progress, which he believed would enhance the nation's strength and prosperity. Overall, Madison's approach to internal improvements was complex and nuanced, reflecting his desire to balance federal and state power, promote economic growth, and support technological innovation.
His legacy in this area continues to shape debates over the appropriate role of government in promoting infrastructure and technological progress.
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To avoid financial worry, keep the cost of housing (including mortgage, interest, insurance, and property taxes ) below_______of pre tax income.
A. 05%
B. 28%
C. 50%
D. 15%
Answers
All the housing costs which include (mortgage, interest, insurance, and property taxes) should be below 28 percent of pre-tax income to avoid financial stress.
What is the 28% rule?
The 28 percent rule states that your house payment, including property taxes and insurance, should not exceed that percentage of your monthly gross income.
This is also known as a decent general guideline for mortgage payments or a safe mortgage-to-income ratio.
Therefore, Option B. 28% is the correct answer.
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Question 23
In which of the following occasions would formal rulemaking be used by a federal agency?
In all circumstances when rules are made.
In no circumstances when rules are made.
O When Congress has specifically indicated in the enabling statute that agency rules must be made off the record before a hearing.
When Congress has specifically indicated in the enabling statute that agency rules must be made on the record after a hearing.
Answers
When Congress has specifically indicated in the enabling statute that agency rules must be made on the record after a hearing, formal rulemaking would be used by a federal agency.
Formal rulemaking is a process that involves a public hearing, where interested parties are given an opportunity to present evidence and arguments for or against the proposed rule. The agency must also provide a detailed explanation for its decision and must consider all relevant information and comments submitted during the hearing.
This process is generally used when Congress has mandated that the agency follow a specific rulemaking process for a particular rule or when the rule will have a significant impact on the public or industry. In contrast, informal rulemaking is a more flexible process that involves notice and comment rulemaking, where the agency publishes a proposed rule and invites public comments before issuing a final rule.
This process is typically used for less controversial or technical rules. In summary, formal rulemaking is used when Congress requires it or when a rule is likely to have a significant impact on the public, while informal rulemaking is used for less controversial or technical rules.
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which of the following is true regarding risk management? all risks must have a contingency plan. risks should be reviewed at every team meeting. risks are more likely to impact the schedule than the budget. risk identification only occurs in the planning phase of the project.
Answers
The risk management is true regarding "risks should be reviewed at every team meeting".
The risk management in the business are the forecasting and evaluation of financial risks together with the identification of the procedures to avoid or minimize the impact. The risks should be reviewed at every team meeting and risks identification only occur in the planning of the project phase. The risks review process is a crucial part of any project. and the team is responsible for the project's success can come together to handle associated risks before they happen.
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Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500.
a. Compute the break-even point in units.
Answers
Break-even point in units is 7,500 unit
Given that;
Cost of each heater = $35
Variable cost of each heater = $22
Fixed cost = $97,500
Find:
Break-even point in units
Computation:
Contribution = Sales - VC
Contribution = $35 - $22
Contribution = $13
Break-even point in units = Fixed cost / Contribution
Break-even point in units = 97,500 / 7
Break-even point in units = 7,500 unit
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There's a lot to know before you use credit for the
first time. First and most obvious, you have to pay
back what you borrow. Every month you'll have a
due. This is the smallest amount
Select One
you can pay without accruing fees. Because of
interest, you'll have to pay back more than the
Select One
you initially borrowed. You should
also know that there's a ceiling for how much you can
borrow at once. This is called your
Select One
It can be a lot to juggle what
you're spending and what you owe, so a budgeting
method like Select One
I can help you get a
handle on everything.
Answers
Note that in the above credit scenario, this is the smallest amount you can pay without accruing fees.
What are the fees related to credit?It is the consumer's overall credit cost represented as a percentage of the total credit amount on a yearly basis.
Take note that credit improves your financial flow. It's handy since you don't have to spend a lot of money.
It is extremely useful when you need money for an emergency such as illness, property loss, or death. When you run out of funds, it allows you to buy products that are immediately required.
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true/false. as a result of loan write-offs, bank a has to be liquidated by the regulators. the book value of the assets and liabilities of the bank is presented below (in millions of dollars). the market value of the loans has been estimated at $240 million.
Answers
False.
Based on the information given, it is not clear whether the bank has to be liquidated by regulators. The book value of assets and liabilities does not determine whether a bank will be liquidated.
Instead, regulators assess the overall financial health of a bank based on factors such as capital adequacy, asset quality, and management effectiveness.
If the bank's loan write-offs have significantly impacted these factors, regulators may require the bank to take corrective actions or may intervene in the bank's operations.
However, without additional information, it is not possible to determine the regulator's decision on this matter.
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Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the period and will be used-up in future periods.
Answers
What we own are asset, adjustments ensure that asset balances are reported
What is an asset?
An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.
Therefore, what we own are asset, adjustments ensure that asset balances are reported
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
The following was in the financial press pertaining to GoDaddy Incorporated:
April 1, 2015 - GoDaddy's (GDDY) stock was sold for $ 26 per share during its opening day of trading. GoDaddy sold 23 million shares at its IPO.
Required:
(c) Should a stockholder care whether a company issues par or no-par value stock? Explain.
Answers
Yes, a stockholder should care whether a company issues par or no-par value stock. Stockholders should care about whether a company issues par or no-par value stock as it can have implications for the company's financial position and their own investment.
Par value refers to the minimum price at which a company can issue its shares. It is a legal requirement in some jurisdictions. On the other hand, no-par value stock does not have a predetermined minimum value. The significance for stockholders lies in the fact that par value affects the company's balance sheet.
In contrast, no-par value stock does not have an additional paid-in capital component. Instead, the entire amount paid by the stockholders is recorded as common stock. This can affect the company's financial ratios and potentially impact its perceived financial strength.
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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Answers
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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What type of account is used regularly and handles day-to-day
transactions?
A Line of credit
B Money market
C Checking
D Savings
Answers
You use a checking account for day to day transactions. Debit card, checks and deposits are typical transactions for a checking account.
The accountant is only depositing the daily cash received every two
weeks, although deposits are recorded daily.
• Why should the owner be concerned about this practice? Briefly
explain.
• Suggest TWO actions that the owner can introduce to prevent
this in future
Answers
The owner should be concerned about the accountant's practice of depositing cash received daily only once every two weeks because it could lead to several issues.
What is an accountant?An accountant is a professional who specializes in the practice of accounting, which involves the recording, analysis, and interpretation of financial information for businesses and individuals. Accountants are responsible for maintaining accurate financial records, preparing financial statements, and ensuring compliance with tax laws and regulations. They provide financial advice and guidance to clients, help to identify areas where costs can be reduced, and work to improve the overall financial health of their clients or organizations. Accountants may work in a variety of settings, including public accounting firms, private companies, government agencies, and non-profit organizations. They typically have a strong understanding of finance and accounting principles, as well as excellent analytical and problem-solving skills.
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sport-in corporation manufactured 10,000 golf bags during april. the following fixed overhead data pertain to march: actual static budget production 20,000 units 20,500 units machine-hours 5,100 hours 6,150 hours fixed overhead cost for march $250,000 $258,300 what is the amount of fixed overhead allocated to production?
Answers
$258300 would be the amount of fixed overhead cost allocated to production in this case.
What do you understand by fixed cost?
On the income statement, company expenses may be split down into direct, indirect, and capital expenditures. On the balance sheet, these expenses can be shown as short-term or long-term liabilities. The total cost structure of a company is made up of both fixed and variable costs.
Cost structure analysis comes in many forms, and it is used by cost analysts to examine both fixed and variable costs. Costs are typically a major determinant of overall profitability.
The term "fixed costs" refers to expenses that remain constant throughout time. Typically, schedules or business agreements create them. These are the fundamental expenses related to running a firm fully. Over the course of a contract or cost schedule, fixed costs remain constant after they have been defined.
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Explain the impact of strikes as a socio-economic issue on businesses.
Answers
Employment relationships between both parties could become strained and this could affect teamwork and profitability. Businesses suffer production and financial losses and consumer confidence is adversely affected.
What is one reason to keep detailed patient records?
• A. To justify a breach of duty when it is called for
•
B. To have proof that the patient consents to treatment
•
C. To share them publicly if the patient becomes problematic
•
D. To help protect against malpractice cases and damages
Answers
The one reason to keep detailed patient records is To have proof that the patient consents to treatment. Thus the correct option is B.
In cases of medical negligence, the records of the patient give a precise and understandable description of a patient's medical history, treatments, and progress. This act is evidence that the given treatment is with the consent of the patient.
By serving as a foundation for ongoing assessments, planning, and evaluations of patient's health status, thorough records can guarantee that patients receive the best care available.
Therefore, option B is appropriate
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SPC uses two control charts to ensure quality in manufacturing: the sample mean (X-bar) chart and the sample range (r) chart. The control chart limits are established for X-bar and R charts based upon tolerances set during the design stage of the product. In most cases, problems are _________ before any ___________ parts are produced, thus reducing scrap and rework.
a. Diagnosed and resulved / substandard
b. Identified / faulty
c. Solved / defective
d. Identified / new
e. Fixed / defective
Answers
SPC uses two control charts to ensure quality in manufacturing: the sample mean (X-bar) chart and the sample range (r) chart. In most cases, problems are a. diagnosed and resolved before any substandard parts are produced, thus reducing scrap and rework.
Manufacturing is the making of goods by using hand or via system that upon final touch the enterprise sells to a customer. objects used in manufacturing can be raw substances or element elements of a larger product. the producing normally occurs on a big-scale manufacturing line of machinery and professional exertions.
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Earline rented a drilling machine from Quatero Rental Corp. While Earline was drilling as instructed by the product manual, the drill bit snapped and injured her seriously. A thorough examination of the broken drill bit showed that it had a flaw that caused it to snap under intense heat or pressure. Under these circumstances, Quatero will _____.
Answers
Answer:
The options are
A. be held liable for Earline's injuries because a bailment for the sole benefit of the bailee was created
B.be held liable for Earline's injuries if it knew of the flaw in the drilling machine when it rented it to Earline, but failed to warn her of the defect
C.not be held liable for Earline's injuries because both Quatero and Earline share mutual benefits from the bailment
D.not be held liable for Earline's injuries because it is a private contract carrier and is held to a lower level of responsibility
The Answer is B. be held liable for Earline's injuries if it knew of the flaw in the drilling machine when it rented it to Earline, but failed to warn her of the defect
The drilling machine having a fault and Quatero Rental Corp. being aware of it and not telling Earline about it means the company is at fault and will be held liable for any form of injury or death it poses. This is because it’s their responsibility to ensure goods and services being rendered are safe for use and consumption and it applies to all companies.
Which two of the following are the most common unethical behaviors when it comes to competition in the business?
a. economic espionage
b. deceptive advertising
c. sale of faulty products
d. bribery
Answers
The most common unethical behaviors in business competition are deceptive advertising and the sale of faulty products. (C)
Deceptive advertising involves making false or misleading claims about a product in order to convince customers to purchase it. This type of unethical behavior is harmful to both consumers and businesses, as it undermines trust in the marketplace and can lead to significant financial losses for the victims.
The sale of faulty products, on the other hand, involves selling goods that are unsafe or do not meet the standards promised by the manufacturer. This type of unethical behavior can also harm consumers and businesses, as it can result in financial losses, damage to reputation, and even legal liability.
In conclusion, deceptive advertising and the sale of faulty products are the two most common unethical behaviors in business competition. These behaviors undermine trust in the marketplace and can result in significant harm to consumers and businesses.
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Determining if you can convince local units to conform to international standards is part of the ________ dimension for developing an international information systems architecture.
Answers
Determining if you may persuade neighborhood devices to conform to worldwide standards is a part of the management and business manner size for developing a global information systems architecture.
A worldwide statistics structures architecture consists of the fundamental records structures required via businesses to coordinate international change and other activities. Hewlett-Packard and other electronics agencies assign distribution and manufacturing of excessive-stop merchandise to a number of one-of-a-kinds international locations.
Facts Bimprovement should encompass five steps, which include making plans and design segment, Operational analysis phase, requirements evaluation segment, function evaluation section, and physical Synthesis phase.
3 primary classes of information structures serve exclusive organizational levels: operational-level systems, control-degree structures, and strategic-level structures.
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An organization uses a database and application development tools through a cloud provider's _____ services.
Answers
An organization uses a database and application development tools through a cloud provider's PaaS services.
What is the significance of PaaS service?PaaS stands for Platform as a service. Platform as a service a complete development and deployment environment in the cloud.
Platform as a service consist of resources that enable the organizations to deliver everything from simple cloud-based apps to the sophisticated, cloud-enabled enterprise applications.
Basicaly, PaaS is use to create business applications much more quickly than with on-site solutions.
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using core principle 2, under what circumstances would you expect a job applicant to accept an offer of a low base salary and an opportunity to earn commission over one with a higher base salary and no commission potential? the applicant would have to expect to earn a (click to select) total compensation to accept an offer with a low base salary and commission, as the risk they assume would be (click to select) when compared to a higher base salary with no commission potential.
Answers
The applicant would have to expect to earn a higher total salary working for a low base and commission, as they require compensation for the risk they assume due to the uncertainty about the level of commission earnings.
What is meant by commission earnings?When an employee successfully completes a task, typically selling a predetermined volume of goods or services, they are given a particular amount of money known as a sales commission. Sales commissions are a common tool used by employers to motivate staff members to perform more. In other cases, commissions take the place of salaries entirely. The Internal Revenue Service views commissions as "supplemental wages" (IRS). Supplemental wages, according to the IRS, are sums of money paid to an employee in addition to his or her normal compensation.As a result of the risk they take on owing to the unknown level of commission profits, the candidate would have to plan on earning a greater total wage while working for a low base and commission.Norms forbidding unfair business activities on the contract market. (b) The market's capacity. Anyone who violates a contract market norm must be capable of being found out by the board of trade, who will then look into it and impose the proper sanctions.To learn more about core principle 2 refer to:
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Which is not one of the main sections of a resume?
A. contact information
B. salary requirement
C. education
D. work experience
Answers
Answer:
B. salary requirement
Explanation:
Salary is typically posted in the job description or negotiated by the employer/employee as part of the hiring process
WILL MARK BRAINLIST!
Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answers
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
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Answer:
Equals
Explanation:
Which group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers?
A. U.S. Treasury agents
B. Board of Governors
C. Federal Reserve Banks
D. Federal Open Market Committee
Answers
The group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers is Federal Reserve Banks.
What is the Federal Reserve Banks?
Facilitating check collection and electronic funds transfers is one of the important functions of the Federal Reserve Banks, which are part of the Federal Reserve System. These banks act as intermediaries between financial institutions and help to clear checks and process electronic funds transfers.
This function is essential to the smooth functioning of the financial system and the economy as a whole. The other options listed - U.S. Treasury agents, Board of Governors, and Federal Open Market Committee - have different roles and responsibilities within the Federal Reserve System.
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i need help answering theses
Answers
Answer:
I don't know what to be my adopted father and son are you kidding me I don't know what to say to be my adopted father and son are you kidding me
Carlos worked 40 hours last week. His hourly rate is $9.14. What did he earn last week
Answers
Answer:
367.2
Explanation:
IM NOT SURE IF ITS CORRECT
Answer:
365.6
Explanation:
9.14 X 40