At the end of the interest-only period, the borrower must start repaying the principal over the remaining term of the loan. An interest-only loan is a type of loan in which the borrower is only required to make interest payments for a specified period, usually a few years, before the payments begin to include both principal and interest.
The principal balance remains unchanged during the interest-only period. The principal balance of an interest-only loan is repaid in installments over the remaining term of the loan. At the end of the interest-only period, the borrower begins to make payments on both principal and interest. The loan payments are calculated based on the remaining term of the loan, the interest rate, and the principal balance. The payments are typically higher than the interest-only payments, as they include both the principal and the interest. Interest-only loans can be useful for borrowers who are looking for lower initial payments or who expect their income to increase in the future.
However, borrowers should be aware that they will need to start repaying the principal at the end of the interest-only period, and that their payments will be higher as a result. It is important to carefully consider the terms of an interest-only loan and to compare it with other loan options before making a decision.
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What is meant by 'business plan'?
A business plan is a written document that describes in great detail the goals and objectives of a company.
A business plan outlines a written strategy for the company's operations, finances, and marketing. Both new and established businesses use business plans.
It is a crucial document intended for both internal and external audiences of a company. Generally, it is not a good idea to operate without a business plan. In reality, very few companies can function without one for an extended period.
A business plan can also help a company's executive team stay on the same page concerning strategic action items and on track to achieve set objectives.
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Prime cost and conversion cost share what common element of total cost?A) Direct materials.B) Direct labor.(X)C) Variable overhead.D) Fixed overhead.
Prime cost and conversion cost share the common element of direct labor in total cost.
Prime cost and conversion cost are two important components of total cost in manufacturing. Prime cost consists of direct materials and direct labor, while conversion cost includes direct labor and manufacturing overhead. The common element between prime cost and conversion cost is direct labor.
Direct labor refers to the wages or salaries paid to employees who directly work on the production of goods or services. It includes the cost of labor involved in the conversion of raw materials into finished products. Both prime cost and conversion cost recognize the significance of direct labor as a direct cost directly associated with the production process.
While prime cost focuses on the direct materials and direct labor needed for production, conversion cost encompasses direct labor and manufacturing overhead required to convert raw materials into finished goods.
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Which of the following would a recent journalism graduate most likely need to consider before taking a lower-level copyediting job at a major publishing conglomerate?
student loan debt
benefits package
potential for advancement
vacation time available
Answer:
potential for advancement
Explanation:
Answer:
Potential for advancement
Explanation:
the other three are important for all jobs, but specifically for conglomerates you are going to want to advance and eventually get better positions.
When you work for a conglomerate, each magazine will get its own editors as well as content to publish. But the workers still have to make sure what they put out there regards the policies, sales, and other factors of the company. A downside to conglomerates is that there are a lot of strict procedures and policies to follow to, and sometimes the general environment of one can be difficult. Working for a conglomerate means you should able to work with others, and help people come up with creative plans. You work with other people who are in the same field, and doing the work takes a lot of time and effort. You have to be flexible and creative, be able to communicate, as well as research a lot of things. There are benefits though in terms of being able to move up in your career, and advance through magazines getting good positions. There is also the pay that you get as well.
In the long run, increasing the national debt will cause which of these?
A) higher tax revenue
B) an increase in jobs
C) higher interest rates
D) an increase in production
historically, what pattern of reporting was used by private not-for-profit entities? the same as used with respect to for-profit entities. reporting that utilizes a fund accounting approach. a pattern of reporting that does not consider the entire entity.
Historically, private not-for-profit entities have used a pattern of reporting that utilizes a fund accounting approach.
This approach segregates the organization's financial resources into different funds, each with its own set of accounting records, in order to track and report on the organization's various programs and activities separately.
Unlike for-profit entities, which report primarily on their profitability, private not-for-profit entities are more focused on the effectiveness of their programs and services in achieving their mission. As a result, fund accounting provides a better way to report on the financial resources and activities of a not-for-profit entity in a way that is meaningful to its stakeholders, including donors, grantors, and regulators.
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You are considering a 3/5 ARM. What does the 5 represent?
OA. The interest rate of the initial fixed-rate loan period
B. The total number of years in the loan
OC. The number of years between adjustments in the interest rate
D. The number of years that a fixed interest rate will be applied to the
loan
The number 5 in a 3/5 ARM (Adjustable Rate Mortgage) represents Option C. The number of years between adjustments in the interest rate.
An ARM, or Adjustable Rate Mortgage, is a type of mortgage loan where the interest rate can change over time. The "3/5" in a 3/5 ARM refers to the initial fixed-rate period and the subsequent adjustment period. In this case, the number 3 represents the initial fixed-rate period, during which the interest rate remains unchanged. After this initial period, the interest rate can adjust periodically based on certain factors, such as market conditions.
The number 5 represents the number of years between adjustments in the interest rate. It means that after the initial fixed-rate period of 3 years, the interest rate on the loan will be adjusted every 5 years. During these adjustment periods, the interest rate can either increase or decrease based on the terms of the mortgage agreement and the prevailing market rates.
Choosing a 3/5 ARM means that the borrower will have a fixed interest rate for the first 3 years of the loan and then the interest rate will be adjusted every 5 years thereafter until the loan is paid off or refinanced. The specific details of the adjustments, such as the index used and the margin, will be outlined in the loan agreement.
It's important for borrowers considering an ARM to carefully evaluate their financial situation and future plans, as the fluctuating interest rates can affect their monthly mortgage payments. It's also crucial to understand the terms and conditions of the ARM, including the adjustment period, so they can make informed decisions regarding their mortgage. Therefore, the correct option is C.
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The government has many obligations to provide services to its tax-paying citizens. If you were in Congress, how
would you balance the need for the government to spend money on necessary things with a prudent approach to controlling the debt and the deficit? Use examples in your answer.
A government is considered to have a budget surplus if it raises more revenue through taxes than it spends. A budget that is balanced means that taxes and spending are equal. The government debt is the total of all prior surpluses and deficits.
What is Budget surplus?A budget surplus occurs when income exceeds expenses. The term is commonly used to describe a government's financial status since citizens have "savings" instead of a "budget surplus." A surplus is evidence of a government's capacity to manage its finances appropriately.
Example,
A resource or good is said to have a surplus if there is more than is presently being utilized. A surplus can refer to a variety of items, such as cash, goods, assets, and earnings. A surplus in the sense of inventory refers to items that remain on store shelves but have not yet been purchased.
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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answer: most profits
Explanation:
ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because
Answer: it was not backed up with strategic commitments.
Explanation:
The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.
Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.
Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.
Suppose the fed announces that it is raising its target interest rate by 50 basis points, or 0.5 percentage point. to do this, the fed will use open-market operations to
To do this, the Fed will use open-market operations to increase the supply of money by buying bonds from the public.
The term "open market operation" (OMO) refers to the Federal Reserve's purchase and sale of securities in the open market (Fed). The Fed uses open market operations to control the supply of money on reserve in US banks. The Fed buys Treasury securities to expand the money supply and sells them to decrease it.
The Fed can adjust the federal funds rate using OMOs, which influences other short-term, long-term, and foreign exchange rates. This can affect the amount of money and credit available in the economy, as well as certain economic factors like unemployment, output, and the prices of goods and services.
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Correct question:
Suppose the Fed announces that it is lowering its target interest rate by 50 basis points, or 0.5 percentage point. To do this, the Fed will use open-market operations to ________ the _____ money by _____ the public.
Which fire extinguisher can damage electronic components?
A dry chemical fire extinguisher can damage electronic components.
What is fire extinguisher?
A fire extinguisher is a device used to put out fires. It is a portable cylinder-shaped container filled with a pressurized extinguishing agent. The most common type of fire extinguisher is the dry chemical extinguisher, which contains a dry chemical powder, such as monoammonium phosphate, that is expelled as a fine spray. Other types of fire extinguishers include CO2 (carbon dioxide) extinguishers, water extinguishers, foam extinguishers, and wet chemical extinguishers. Fire extinguishers can be used to extinguish small fires before they become large and out of control. They should be kept in easily accessible places and checked regularly for proper operation. Fire extinguishers can save lives and property and should be used only when it is safe to do so.
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The amount of surface area on an uncored block that has holes extending through it is equal to less than ________.
Why does this occur?
This has to be asked in context.
Which action demonstrates that Elsa acts with transparency?A. She shares her company’s trade secrets with its competitors. B. She accepts only small gifts from clients. C. She keeps conversations with stakeholders confidential. IncorrectD. She acknowledges the concerns of others. CorrectE. She considers herself accountable only to her team
The action that demonstrates that Elsa acts with transparency is
D. She acknowledges the concerns of others. What is transparency?Transparency means being open and honest in communication, and acknowledging the concerns of others is an important aspect of transparency.
Sharing trade secrets with competitors or keeping conversations with stakeholders confidential would not be considered transparent. Accepting only small gifts from clients is not necessarily an indicator of transparency, although it could be seen as a way to avoid conflicts of interest.
Considering oneself accountable only to one's team is not an indicator of transparency, as it suggests a lack of willingness to be accountable to a broader group of stakeholders.
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With the recent surge in the showing of commercials to movie theater audiences, many companies have found it to be an innovative medium to reach large numbers of consumers. For instance, several beverage products, including sports drinks, soft drinks, and bottled water, advertise heavily in theaters, where they know a very broad and diffuse cross-section of consumers can be reached. Advertising in this medium relies on _________.
Answer:
Self selection.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.
In this scenario, advertising relies on self selection.
The account holder of a checking account is referred to as the _________ on a written check.
a. Payee
b. Drawee
c. Drawer
d. Authorized user
When a corporation repurchases its bonds from the bondholders, the corporation the bonds.
These bonds are called retired bonds. The bonds are referred to be retired bonds when a corporation repurchases them from the bondholders. They are called so because they have been repurchased from the investors.
- More about retired bonds :
- Repurchasing previously issued bonds from investors is referred to as retired bonds. At the time of the instruments' scheduled maturity, the issuer retires the bonds. Another method of retirement is for the issuer to repurchase the bonds sooner if the bonds are callable.
- In the case of bonds, it means that the corporation is effectively returning the principal to the investors who purchased loans from them and discharging its debt obligations. Retired securities are those that have undergone this type of purchase back.
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- The complete question is :
When a corporation repurchases its bonds from the bondholders, the bonds are called ____ bonds.
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a 5 percent return. How much can you withdraw each month during retirement assuming a 20-year withdrawal period?.
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account.
You are planning to save for retirement over the next 15 years. To do this, you will invest $1,100 a month in a stock account and $500 a month in a bond account. The return on the stock account is expected to be 7 percent, and the bond account will pay 4 percent. When you retire, you will combine your money into an account with a 5 percent return. How much can you withdraw each month during retirement assuming a 20-year withdrawal period.
step 1, find the future value of your deposits
Find fv of stocks, pmt=-1100, i=7/12, n=15*12=180, and compute fv=348658.53 as below
FV = PV[(1+r)^n - 1] / r
= 1100 [(1+0.005833333)^180 - 1 ]/ 0.005833333
= 348658.5264
Find fv of bond, pmt=-500, i=4/12, n=15*12=180, and compute fv=123045.24
FV = PV[(1+r)^n - 1] / r
= 500 [(1+0.003333333)^180 - 1 ]/ 0.003333333
= 123045.2441
This gives a total of 471703.77.
Use this fv as the new pv in 15 years and solve for payment. pv=471703.77, n=20*12=240, i=5/12, fv=0, and compute the pmt = 3113.04
PV = P [(1 - (1+r)^-n] / r
471703.77 = P [(1 - (1+0.004167)^ -240] / 0.004167
471703.77 = P * 151.5253
P = 471703.77 / 151.5253
P = 3113.036 i.e. 3113.04
Retirement refers to the time of life when one chooses to permanently leave the workforce behind. The traditional retirement age is 65 in the United States and most other developed countries, many of which have some kind of national pension or benefits system in place to supplement retirees' incomes. Retirement is the most happiest thing to an employee in an organization .
Full retirement age is when an individual can collect the maximum amount of Social Security benefits, which is typically age 67 if you were born in 1960 or later. However, Social Security benefits are reduced for those who decide to retire early.
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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.
The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:
a) Depreciation Expense for the year is tk. 7,000.
b) Equipment Purchase for the year is tk. 25,000.
How is the depreciation Expense determined?The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.
The above holds when there is no disposal. However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.
Data and Calculations:December 31, 2020 December 31, 2019
Equipment tk. 50,000 tk. 35,000
Accumulated Depreciation tk. 12,000 tk. 8,000
Sale of equipment during 2020 = tk. 5,000
Accumulated Depreciation of sold equipment = tk. 3,000
Loss from the sale of the equipment = tk. 2,000
Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)
Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)
Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)
Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.
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10. The length and breadth of a rectangular garden are 330 m and 200 m repectively. Find the length of fencing required
The length of fencing required for a rectangular garden with a length of 330 m and a breadth of 200 m can be calculated using the following formula:
Total Length of Fencing = 2(Length + Breadth) which is 860m.
Therefore, the total length of fencing required for this rectangular garden will be 2(330 + 200) = 860 m.
To calculate the length of fencing required, we need to add the length of the two sides of the garden (330 m + 200 m = 530 m) and then multiply this total by 2. Thus, the total length of fencing required for this rectangular garden is 860 m.
It is important to remember that the length of the fencing should be slightly larger than the perimeter of the rectangular garden to account for the gaps between the posts and any other design features. Therefore, it is recommended to add 10-15% to the total length of fencing required for a rectangular garden.
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In designing a bonus structure to reward your production managers, one of the options is to reward the managers based on reaching annual income targets. What are the differences between a reward system for a company that uses absorption costing and one for a company that uses variable costing?
In a reward system for a company that uses absorption costing and bonuses will be based on production, while in variable costing it will be based on sales.
What is a rewards system?It is an organizational strategy to provide a bonus structure for employees who achieve certain goals and objectives stipulated in a period of time, being an instrument of motivation for employees to commit to their tasks.
Therefore, absorption and variable costing methods will impact the organizational reward system by the scope of the company's expected results.
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If an arena charges $7.50 to park in satellite parking and $12.00 to park in an arena lot, how much will be made from parking 11,000 vehicles at the arena and 4,600 in satellites?
a) $55,200
b) $82,500
c) $166,500
d) $172,000
How much will be made from parking 11,000 vehicles at the arena and 4,600 in satellites is c) $166,500
First step is to calculate the cost of parking in satellite parking
Satellite parking=$7.50×4,600
Satellite parking= $34,500
Second step is to calculate the cost of parking in arena lot
Arena lot=$12×11,000
Arena lot= $132,000
Now let determine thr total money made from parking
Total amount made =$132,000+$34,500
Total amount made =$166,500
Inconclusion how much will be made from parking 11,000 vehicles at the arena and 4,600 in satellites is c) $166,500
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A standardized yardstick expressing the true annual cost of borrowing is expressed as the what? A) ECOA B) Regulation Z C) APR D) RESPA.
The standardized yardstick expressing the true annual cost of borrowing is known as the Annual Percentage Rate (APR). The answer is c.
APR is a measure of the cost of credit, expressed as a yearly interest rate that includes interest, fees, and other charges associated with the loan. This measure allows consumers to compare the true cost of credit across different lenders and loan products. Regulation Z, also known as the Truth in Lending Act, requires lenders to disclose the APR and other important terms of credit to consumers.
The Equal Credit Opportunity Act (ECOA) prohibits credit discrimination on the basis of race, colour, religion, national origin, sex, marital status, age, or receipt of public assistance. The Real Estate Settlement Procedures Act (RESPA) requires lenders to provide borrowers with specific disclosures about mortgage settlement costs and prohibits certain practices such as kickbacks and referral fees.
Overall, the APR is an important tool for consumers to use when comparing loan offers and understanding the true cost of borrowing. It is important to review all terms and conditions of a loan before making a decision and to ask questions if anything is unclear.
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Which step directly follows "loss of jobs” in the stagflation cycle?
Answer:
fewer items produced
Explanation:
Answer:
D
Explanation:
on january 1, you sold short one round lot (that is, 100 shares) of snow's stock at $23.70 per share. on march 1, a dividend of $2.80 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $19.00 per share. you paid 10 cents per share in commissions for each transaction.
The required answer to this question is a tariff is a type of tax imposed on goods or services that are either imported into a country or exported from it. It is typically levied by the government of the importing country.
Tariffs are used as a measure to protect domestic industries, regulate trade, and generate revenue for the government.
When a country imposes a tariff on imports, it increases the cost of the imported goods, making them more expensive for consumers. This is done to create a price disadvantage for foreign products and give domestic industries a competitive edge.
By making imports more expensive, tariffs aim to encourage consumers to choose domestically produced goods instead. Tariffs can also be imposed on exports, although this is less common. Export tariffs are usually used as a means to control the outflow of certain goods or natural resources, or to raise revenue for the government.
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Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus.
Answer with its Explanation:
The double entry to record the postage expenses of $140 and the printing expense of $54 is as under:
Dr Postage Expenses $140
Dr Printing Expenses $54
Cr Petty Cash Account $193
Cr Cash Over and Short Account $1
According to the summarized Report, the cash at hand is $7 which must be $6 ($200 - $194). This difference can adjusted in Cash Over and Short Account which is used to adjust minor differences in cash balance.
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In the context of identifying specific consumer trends, ________ is not a product issue for international consumer marketers. Question 1 options: 1) brand strategy 2) country-of-origin effect 3) quality 4) fitting the product to the culture 5) manufacturing
Manufacturing is not a product issue for international consumer marketers when it comes to identifying specific consumer trends. International consumer marketers are more concerned with the product’s brand strategy, the country-of-origin effect, quality and how it fits into the culture.
Brand strategy is a very important part of a product’s success, and international consumer marketers need to make sure they understand the local culture in order to tailor the product to the culture. The country-of-origin effect also needs to be taken into account, as it can have an impact on how the consumers perceive the product’s quality.
Quality is also a key issue, as consumers will be more likely to purchase a product if it is of a higher quality. All of these issues need to be taken into consideration when identifying specific consumer trends. Manufacturing is an important part of the product, but it is not a product issue for international consumer marketers.
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outline 4 reasons why most developing countries rely on extractive levels of production
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.
dr. hernandez earns an annual pre-tax salary of $156,000. what is her average income tax rate? 19. dr. gonzalez earns an annual pre-tax salary of $142,000. what is her marginal income tax rate?
Dr. Hernandez and Dr. Gonzalez have different annual pre-tax salaries, and their income tax rates will depend on the specific tax brackets in their country.
In general, the average income tax rate is calculated by dividing the total taxes paid by the total income, while the marginal income tax rate is the percentage of tax applied to the last dollar of income earned.
For Dr. Hernandez, with a pre-tax salary of $156,000, the average income tax rate can be calculated once we know her total tax liability. Similarly, for Dr. Gonzalez, with a pre-tax salary of $142,000, the marginal income tax rate depends on her tax bracket and the rates applied to her income.
Unfortunately, without specific information on tax brackets and rates, it's not possible to provide an accurate answer. You may need to refer to your country's tax guidelines or consult a tax professional for the precise calculation.
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What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.