A town located near a small recreational lake enacts a new zoning code. Under the new code, commercial buildings are not permitted within 1,000 feet of the lake. A commercial building that is permitted to continue in its former use even though it is built on the lakeshore is an example of
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A commercial building that is permitted to continue in its former use even though it is built on the lakeshore is an example of a nonconforming use. The nonconforming use provision allows the existing commercial building to maintain its former use and exemption from the updated zoning requirements
In the given scenario, the town near the recreational lake has enacted a new zoning code that prohibits commercial buildings within 1,000 feet of the lake. However, there is an existing commercial building on the lakeshore that is allowed to continue its operations despite not complying with the new zoning restrictions. This is known as a nonconforming use.
A nonconforming use refers to a property or building that was legally established and in operation before the adoption of new zoning regulations or restrictions. When new zoning rules are implemented, these nonconforming uses are typically allowed to continue for a certain period, preserving their existing use even if it no longer conforms to the updated zoning requirements.
The intention behind allowing nonconforming uses is to recognize and respect the investment and rights of property owners who were operating in compliance with previous regulations. It provides a measure of grandfathering to protect their interests. However, the specific regulations surrounding nonconforming uses can vary depending on local ordinances and may include restrictions on expansion or modification of the nonconforming property.
In this case, the commercial building on the lakeshore is granted the right to continue operating because it existed before the new zoning code came into effect. While the new code prohibits the construction of new commercial buildings in the vicinity of the lake, the nonconforming use provision allows the existing commercial building to maintain its former use and exemption from the updated zoning requirements.
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Related Questions
during 2020, royce has an adjusted gross income (agi) of $40,000. what is the maximum amount royce can deduct for qualified contributions charitable made to qualified organizations if he itemizes his deductions?
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If Royce itemizes his deductions, he can deduct up to 50% of his AGI for contributions made to qualified organizations. In this case, the maximum amount Royce can deduct for charitable contributions is $20,000.
What do you mean by qualified organizations?
Qualified organizations are those organizations that have been certified by a governing body or have been approved by a regulatory agency. These organizations have the legal ability to perform the activities they have been approved for. They have met the necessary standards and have proven that they can provide safe, reliable services. Qualified organizations must also comply with all applicable laws and regulations. They must also demonstrate financial stability and have a solid track record of success. Qualified organizations are essential in providing safe and reliable services to their customers.
So, the maximum amount Royce can deduct for charitable contributions is $20,000.
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Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and merchandise inventory balances. Cash payments on accounts payable during each month are expected to be: May, $1,200,000; June, $1,350,000; July, $1,400,000; and August, $1,300,000
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Ahmed Company budgets the month-end accounts payable balances and merchandise inventory balances.
Ahmed Company operates on a credit-based purchasing system for all merchandise. As part of their budgeting process, they have projected the month-end accounts payable balances and merchandise inventory balances. However, the provided information does not include the specific balances or details for each month.
Regarding the cash payments on accounts payable, Ahmed Company expects to make payments of $1,200,000 in May, $1,350,000 in June, $1,400,000 in July, and $1,300,000 in August. These figures represent the estimated cash outflows to settle the outstanding accounts payable balances during each respective month.
The projected cash payments on accounts payable are crucial for financial planning and managing the company's cash flow. By analyzing and budgeting these payments, Ahmed Company can ensure they have sufficient funds available to meet their payment obligations and maintain healthy financial operations.
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(03.02 LC)
Which of these might decrease the length of a mortgage loan?
Property taxes
O Insurance
O Amount owed
Collateral
Answers
Answer:
D.) Collateral
Explanation:
Tbh I'm not confident on this choice, but real estate basically is just a fancy term for property, for those who don't know. A collateral is a piece of property that can be sold by the lender to recover all or part of a loan if the borrower fails to repay. So with that being said, the only logical choice in my opinion would be D, or Collateral.
Collateral might decrease the length of a mortgage loan. As it minimises the risk for the mortgage loan.
What is mortgage loan?Mortgage loan is the fund that is provided to the lender against the immovable assets or property, or collateral to the Borrower. The lender used to keep the assets until their loan is repaid by the person.
Thus, option C is correct.
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dentify the following as either an advantage (A) or a disadvantage (D) of bond financing.a. Bonds do not affect owner control - Advantageb. A company earns a lower return with borrowed funds than it pays in interest. - Disadvantagec. A company earns a higher return with borrowed funds than it pays in interest. - Advantaged. Bonds require payment of periodic interest. - Disadvantagee. Interst on bonds is tax deductible. - Advantagef. Bonds require payment of par value at maturity. - Disadvantage.
Answers
The fundamental benefit of debt financing is that, unlike equity financing, a business owner does not cede any control of the company. Investing in equity.
What is a fundamental instance?
forming or having to do with the core of something: fundamental. The Constitution protects our basic rights. These two political parties differ from one another in important ways. Fundamental can also be referred to as cardinal, necessary, or vital. Fundamental refers to something that is a foundation without which a whole system or complicated whole would fail, despite the fact that all of these words have the same meaning of "so vital as to be indispensable." the basic ideas of mathematics.
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Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent. The four-firm concentration ratio for this industry is
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The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
To calculate the four-firm concentration ratio for Industry Y, we need to add up the market shares of the four largest firms.
The four largest firms in Industry Y hold market shares of 41, 21, 17, and 12 percent.
When we add these percentages together, we get:
41% + 21% + 17% + 12% = 91%
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
Therefore, the four-firm concentration ratio for Industry Y is 91%. This means that the four largest firms in the industry control 91% of the total market share.
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order for bubbles to occur, expectations of a price increase usually _____ demand ______ supply
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Answer:
Increases decreases
Explanation:
I might be wrong I'm guessing sorry
Which accounts are specific to a trading business?
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Answer: 3 1/2
Explanation: that number really speaks to me. Also I am working on the same thing and have no idea.
Answer:
Certain accounts that are maintained exclusively by trading businesses include purchases, purchase returns, purchase discounts, freight on purchases, sales, sales returns, and sales discounts.
A purchases account records the transactions of purchasing stock or inventory, which is resold later. In case the stock is defective, it can be returned to the seller (manufacturer). This transaction is recorded in the purchase returns account. Sometimes, the trading business (buyer) may get a discount on goods purchased from the manufacturer (seller) for making an early payment. This discounted amount is recorded in the purchase discount account. Purchase discounts and purchase returns are both contra-expense accounts. A trading business may have to spend money for transportation of goods. These expenses are recorded in the freight on purchases account.
A sales account records the revenue earned from sale of products. Transactions relating to goods returned by customers are recorded in the sales returns account. Sales discounts offered by a trading business to its customers are an expense for the business and are recorded in the sales discounts account. Sales discounts and sales returns are both contra-revenue accounts.
Explanation:
The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Answers
Answer: See Image Below
The adjusting entries for Skysong, Inc. for March is prepared from the given selected accounts before adjusting entries have been prepared.
What are adjusting entries?Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.
The adjusting entries are as follows:-
No. Date Account Tiles and Explanation Debit Credit
1. March 31 Depreciation expense 756
Accumulated Depreciation expense 756
2. March 31 Unearned Rent revenue 5580
Rent revenue 5580
3. March 31 Interest Expense 360
Interest payable 360
4. March 31 Supplies Expense 1935
Supplies 1935
5. March 31 Insurance Expense 1080
Prepaid Insurance 1080
Therefore, the adjusting entries are prepared on March 31.
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You hold an annual coupon bond for 1 year, receiving the 0.04 coupon before selling. When bought it had 10 years to maturity, and the YTM was 0.075. Over the year, interest rates ROSE by 0.005 What is the total holding period return for this investment? 0.0400 0.0362 0.0389 0.0359 0373
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The total holding period return for this investment is 0.0362.
The total holding period return for this investment can be calculated by considering the coupon payments, the change in bond price due to the change in interest rates, and the initial investment.
First, let's calculate the price of the bond before the interest rates rose. Using the bond pricing formula, we can determine that the price of the bond was $0.04/(1+0.075)^10 = $0.0241.
Next, we need to calculate the new price of the bond after the interest rates rose. The new interest rate is 0.075 + 0.005 = 0.08. Using the same bond pricing formula, the new price of the bond is $0.04/(1+0.08)^10 = $0.0224.
The change in bond price is $0.0224 - $0.0241 = -$0.0017.
Now, we can calculate the total holding period return by considering the coupon received and the change in bond price. The total return is ($0.04 - $0.0017)/$0.0241 = 0.0362.
Therefore, the total holding period return for this investment is 0.0362.
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Which options does the Ink Equation dialog box provide? Check all that apply.
Clear
Copy
Correct
Erase
Preview
Write
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Answer: the answer to this question is Clear, Correct,Erase,Preview,Write
Explanation:
Terophone charge is debit or credit
Answers
Answer:
credit
Explanation:
The money pattie spent on pasture rent for her goat sae project is an example of what
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The money Patty spent on pasture rent for her goat project can be considered an example of an operating expense. It is a cost incurred in the day-to-day operations of the project, specifically related to renting pasture land for the goats.
Operating expenses refer to the costs incurred by a business or project to maintain its normal operations. These expenses include items such as rent, utilities, wages, and supplies, among others. In Patty's case, the money spent on pasture rent for her goat project is a specific operating expense related to the use of land for grazing the goats. This expense is necessary to support the ongoing activities and maintenance of the project.
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the main units of local government.
Answers
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
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The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Cardinal Construction has a long-term asset with the following year-end information: Net book Value = $475,000 Estimated future cash flows = $425,000 Fair Value = $410,000 Is Cardinal required to impair this asset? If so, what amount of loss will be recorded?
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Yes, Cardinal Construction is required to impair this asset.Cardinal Construction would need to impair the asset by recording an impairment loss of $65,000.
In order to determine whether an impairment is required, we need to compare the net book value of the asset to its recoverable amount. The recoverable amount is the higher of the fair value or the value in use.
In this case, the fair value of the asset is given as $410,000, which is lower than the net book value of $475,000. Therefore, there is an indication that impairment may be necessary.
To calculate the impairment loss, we need to determine the difference between the net book value and the recoverable amount. Since the fair value is lower, we will use that as the recoverable amount.
Impairment Loss = Net Book Value - Recoverable Amount
Impairment Loss = $475,000 - $410,000
Impairment Loss = $65,000
Therefore, Cardinal Construction would need to impair the asset by recording an impairment loss of $65,000.
Impairment of assets is required when there is an indication that the carrying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of the fair value or the value in use. In this case, the fair value of $410,000 is lower than the net book value of $475,000, indicating a potential impairment. The impairment loss is calculated by subtracting the recoverable amount from the net book value, resulting in a loss of $65,000. This loss reflects the reduction in the asset's value and is recorded as an expense in the income statement, which reduces the carrying amount of the asset to its recoverable amount. This ensures that the financial statements accurately reflect the decreased value of the asset.
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Pretend you make $500 worth of purchases on your credit card, your bill arrives saying your minimum payment due is $20, and you pay $20 before the due date. Describe how credit card interest works and what you can expect to happen next.
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Simply put, a credit card is a means of payment (a plastic card) that allows the cardholder to spend money that is not in their account.
So a typical credit card statement will tell you that you made a $500 purchase.
Payment date:
For example, it may say that you must have credited by 12/31/XX. (Note: Failure to do so will in most cases accrue interest.)
Minimum Payout:
In this case, $20 represents the minimum payment significant enough to be recorded until the entire $500 balance is covered.
However, you don't just pay that amount each month. If so, it will take 25 months or 2 years and 1 month ($500/$20) to complete the balance.
This is probably not the best option given that you will be paying outstanding interest.
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What is one issue a business can wncounter if its keeps an asset beyond its useful life
Answers
Answer:
One issue a business can encounter if its keeps an asset beyond its useful life is the eventual impairment of the business production as a result of the use of a defective equipment or asset, that is, not suitable for economic production because it has already fulfilled its utility cycle.
Thus, for example, if a company continues to use old or obsolete machinery, it runs the risk that said machinery will cause damage or a decrease in the quality of the products.
The most marketing oriented sales presentation approach may well be:,
Answers
The most marketing-oriented sales presentation approach may well be a consultative selling approach.
A consultative selling approach is considered the most marketing-oriented sales presentation approach. It focuses on understanding the customer's needs, challenges, and goals and then offering personalized solutions that meet those specific needs. This approach involves actively listening to the customer, asking probing questions to gather information, and providing valuable insights and recommendations based on the customer's unique situation. It emphasizes building a long-term relationship with the customer and demonstrating the value and benefits of the product or service being offered. By aligning the sales process with the customer's interests and goals, the consultative selling approach aims to create a mutually beneficial outcome for both the customer and the seller.
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does anyone have a way or trick on using like blocked websites on a school chromebook?
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When demand and production increase, what usually decreases?
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Answer:
Price usually decreases
Explanation: When a product’s demand and production increase, PRICE usually decreases.
Answer:
Prices
Explanation:
Take the example of Apple. If Apple was to lower the price of the iPhone 11 to 300 dollars then there would be way more people buying the iPhone. Demand went up because prices went down
3. Research proposal(20') Please finish one research proposal.
The topic of your proposed research should be related to the
materials taught in this course. (20)
Answers
This research will focus on analyzing how the role of Central Counterparties (CCPs) in centralized clearing affects systemic risk in financial markets.
Research Proposal Topic: The Impact of Centralized Clearing on Systemic Risk in Financial Markets. We will examine the dual nature of CCPs, assessing how they can both mitigate and potentially increase systemic risk. The study will use a mixed methods approach, incorporating both quantitative risk models and qualitative analysis of regulatory frameworks. Through this comprehensive examination, we aim to provide insights that can inform more effective regulatory strategies for CCPs and the financial market as a whole.
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property management systems are designed to assist front office employees in performing functions related to which tasks? group of answer choices meeting schedules reservations, rooms, and guest management restaurant reservations valet parking availability
Answers
First option is correct. Hotel Property Management System "PMS" is a suite of solutions used by hoteliers to manage day-to-day hotel activities such as reservations, reception, housekeeping, maintenance, billing and billing, analytics and reporting.
Today, PMS capabilities extend beyond core functions such as room inventory, reservations, housekeeping, and room allocation to all areas of hotel management . You can now schedule preventative maintenance, create housekeeping maid sheets, and even manage meeting rooms, meeting rooms, and ballrooms.
Another area where PMS has made great strides is in the area of integration. Open APIs enable tech startups, software developers, and even established giants to create convenient, innovative technologies that hotels can access with a single click. Integration with third-party technologies such as channel managers, POS systems, payment gateways (VISA, Master Card, etc.) and accounting systems give you the opportunity to choose the right technology for your hotel business needs.
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
In a paper manufacturing company, a machine is used to press wet fiber web into a continuous roll of paper. this machine does not create a constant pressure on wet fiber web and final sheets of papers have different thickness which is uniformly distributed between 0.004 and 0.015 inch. let x denote the thickness of the sheet of paper. determine the following: (a) mean and variance for thickness of each paper sheet. round your answer to six decimal places (e.g. 98.765432) e(x) 0.0095 83 v(x) (b) proportion of paper sheets which are less than 0.0070 inch thick. round your answer to three decimal places (e.g. 98.765) p 0.273 (c) thickness exceeded by 35 percent of the paper sheets. round your answer to four decimal places (e.g. 98.7654 thickness exceeded by 35 percent of the paper sheets is.
Answers
The thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch
A) mean and variance for thickness of each paper sheet will be 0.00084025 inch.
B) Proportion of paper sheets less than 0.0070 inch thick will be 0.27307692308.
C) Thickness exceeded by 35 percent of paper sheets will be 0.0094
(a) Mean and Variance:
The given information provides us with the probability density function (PDF) of the thickness of each paper sheet, denoted as x. From the given data, we have:
Mean (μ) = 0.0095 inch (given as e(x))
Variance (σ^2) = [(0.015 - 0.004)^2] / 12 = 0.00084025 inch^2 (calculated using the formula for variance of a uniform distribution)
Therefore, the mean thickness of each paper sheet is 0.0095 inch and the variance of the thickness is 0.00084025 square inches.
(b) Proportion of paper sheets less than 0.0070 inch thick:
To find the proportion of paper sheets that are less than 0.0070 inch thick, we need to calculate the cumulative distribution function (CDF) at x = 0.0070 inch. The CDF of a uniform distribution is given by the formula:
CDF(x) = (x - a) / (b - a), for a <= x <= b
where a and b are the lower and upper limits of the uniform distribution, respectively.
Plugging in the values, we get:
CDF(0.0070) = (0.0070 - 0.004) / (0.015 - 0.004) = 0.27307692308
Therefore, the proportion of paper sheets that are less than 0.0070 inch thick is approximately 0.273 (rounded to three decimal places).
(c) Thickness exceeded by 35 percent of paper sheets:
To find the thickness that is exceeded by 35 percent of the paper sheets, we need to find the inverse of the CDF at 0.35. In other words, we need to find the value of x for which CDF(x) = 0.35.
Using the inverse CDF formula, we get:
x = a + (b - a) * CDF^-1(0.35)
Plugging in the values, we get:
x = 0.004 + (0.015 - 0.004) * 0.35 ≈ 0.0094
Therefore, the thickness exceeded by 35 percent of the paper sheets is approximately 0.0094 inch (rounded to four decimal places). Please note that rounding may introduce some error, so it's important to use the exact values in any precise calculations. Also, it's always recommended to verify the results using appropriate statistical software or consulting with a qualified statistician for accurate and reliable results.
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Leopardstown Fitness Centre in Dublin is considering the purchase of some new training equipment which has a retail price of €8,600. The club has only €600 available to fund the purchase at this time. Following discussions with its local bank, as well as a sales representative from the suppliers, the centre is faced with the following possibilities.
Rental: Pay a monthly rental of €140 for five years, plus an annual maintenance payment of €150.
Hire purchase: Pay a deposit of €600, plus 60 monthly instalments of €150.
A final payment of €480 must then be paid.
Bank loan: Borrow the amount needed for five years on which interest is charged at a flat rate of 7% per annum.
Calculate the total cost of each option over a five-year period.
Answers
Answer:
The cost of each option is as below
Explanation:
Option A: Rental
monthly rental for five years: each month €140
Each year has a maintenance fee of €150.
The total of the rental will be monthly rent plus yearly charges.
One year has 12 months; five years will have = 12 x 5 = 60 months
For 60 months, rental payments will total 60 x €140= €8,400
Yearly charges = €140 x 5 = €700
Total for rental = €700 + €8,400
Total cost for rental = €99, 1100
Option B: Hire purchase
Total for hire purchase will be the deposit plus the total of monthly installments plus the final payment.
The deposit is €600
Total for monthly installments: 60 x €160= €9,600
the final payment is €480
Total for hire purchase= €600 + €9,600, + €480
Total cost for hire purchase=€10,680
Option Bank loan:
cost of the loan will be the principal amount plus the interest charged. Interest is 7% per year for five years. Principal amount is
€8,600
Interest = P x r x t,, since interest on a flat rate
=8600 x 7/100 x 5
=8600 x 0.07 x 5
=€3,010
The cost of the loan is €3,010+€8,600
=€11,610
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus
Answers
Answer:
the answer is B
Explanation:
Construct a scatterplot and identify the mathematical model that best fits the data. assume that the model is to be used only for the scope of the given data and consider only a linear quadratic logarithmic exponential and power models use a calculator or computer to obtain the regression equation of the model that best fits the data. you may need to fit several models and compare the values of r squared.
Answers
Model with the highest R-squared value indicates the best fit, as it explains the most variability in the data.
Which mathematical model, out of linear, quadratic, logarithmic, exponential, and power models, best fits the given data when comparing their R-squared values?To construct a scatterplot and identify the best mathematical model for the data, we can start by plotting the data points on a graph. After visualizing the data, we can try fitting various models, such as linear, quadratic, logarithmic, exponential, and power models. Using a calculator or computer, we can obtain the regression equations for each model and calculate their respective coefficients of determination (R-squared values). By comparing the R-squared values, we can determine which model best fits the data within the given scope. The model with the highest R-squared value indicates the best fit, as it explains the most variability in the data.
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According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from having the same project manager. Two activities scheduled to be carried out in parallel and using the same scarce resource are independent. Two activities scheduled to be carried out in parallel and using the same scarce resource are not independent. Two activities scheduled to be carried out sequentially and using the same scarce resource require different project managers.
Answers
Answer:
Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.
Explanation:
An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.
The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.
In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.
CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.
According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.