Answers
When groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called Profit sharing.
Employees who participate in profit sharing programs are given the opportunity to split corporate profits at the end of the fiscal year. The more money the company makes, the more it can pay its staff. Employees are given the opportunity to share in the company's profits through a retirement program called a profit-sharing plan. Under this type of plan, also known as a deferred profit-sharing plan (DPSP), an employee receives a percentage of a company's profits based on its quarterly or annual results. In lieu of cash, employers might give stock pay to their employees. Utilizing stock or stock options allows for this. There is frequently a vesting period before an employee can receive and sell their stock compensation.
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Related Questions
Requirements to be researched and listed in the portion of your business plan is called
Answers
The portion of a business plan where requirements are researched and listed is typically called the "Operations Plan" or "Operating Plan."
What is Operation Plan?
An operations plan is a detailed document that outlines how a business will operate on a day-to-day basis to achieve its goals. It includes information on the processes, procedures, and resources required to produce and deliver products or services to customers.
An operations plan typically covers several key areas, such as production, procurement, inventory management, quality control, human resources, and facilities management. It provides a roadmap for how a business will function and achieve its objectives, including identifying potential challenges and developing strategies for addressing them.
An effective operations plan can help businesses improve efficiency, reduce costs, and enhance quality, while ensuring that they are well-prepared to meet the needs of their customers.
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complete question:
"What is the term used to describe the requirements that need to be researched and listed in the portion of your business plan?"
what is most likely true of a formulaic story
Answers
Answer:
It closely follows Freytag's pyramid
Explanation:
Keep track of everything you purchase for an entire day this week. Make a list of your purchases, price, and total cost of all purchases for that day. Discuss whether the amount surprised you or not.
Answers
Answer:
Explanation:
While making purchases for a day I have to make sure that the things that should be bought must be within the money in my hand.If Iam not able to purchase the preferred things that I like buying with the money in hand, then the best possible solution is to buy the most necessitate things rather than buying things that I wish for.Survival is important than preference.Then I would not be surprised by my budget for the day.
Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method, 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,730; SSTR = 4520.
Answers
The analysis of variance (ANOVA) table is a tabular representation of the findings. It details each source of variation's sources of variation, degrees of freedom, sum of squares, mean squares, and F-ratio.
The ANOVA tableTo set up the ANOVA table, we need the following information:
Total sum of squares (SST): 10,800
Sum of squares between treatments (SSTR): 4560
Calculating the sum of squares within treatments (SSE):
SSE = SST - SSTR
SSE = 10,800 - 4560
SSE = 6240
For degrees of freedom (df),
Total degrees of freedom (dfTotal) = Total number of observations - 1
Treatment degrees of freedom (dfTreatment) = Number of treatments - 1
Error degrees of freedom (dfError) = dfTotal - dfTreatment
In this case.
Total number of observations = 30
Number of treatments = 3
dfTotal = 30 - 1
= 29
dfTreatment = 3 - 1
= 2
dfError = 29 - 2
= 27
Calculating mean squares (MS),
MST = SSTR / dfTreatment
MSE = SSE / dfError
MST = 4560 / 2 = 2280
MSE = 6240 / 27 ≈ 231.85
Calculating the F-ratio,
F-ratio = MST / MSE
F-ratio = 2280 / 231.85
≈ 9.83
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Question:
Three different methods for assembling a product were proposed by an industrial engineer. To investigate the number of units assembled correctly with each method. 30 employees were randomly selected and randomly assigned to the three proposed methods in such a way that each method was used by 10 workers. The number of units, assembled correctly was recorded, and the analysis of variance procedure was applied to the resulting data set. The following results were obtained: SST = 10,800. SSTR = 4560. Set up the ANOVA table for this problem. Using alpha = .05. test for any significant difference in the means for the three assembly methods.
In the first seven months of 2015, the percentage of all e-mail that is spam averaged
around?
Answers
Answer:
55%?
Explanation:
Im not sure, i did some research on it and most of it was saying 50-70 percentage
Sariah sets challenging sales targets for her team.
Answers
"Sariah sets lofty sales targets for her team" is an example of planning.
What is Planning?Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning.
The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.
An essential characteristic of intelligent conduct is planning.
It entails applying logic and creativity to visualize both the desired outcome and the processes required to get there.
Planning's relationship to forecasting is a crucial factor.
Planning envisions what the future may look like while forecasting attempts to anticipate what it will look like.
"Sariah sets ambitious sales targets for her team" is an example of planning.
Therefore, "Sariah sets lofty sales targets for her team" is an example of planning.
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Correct question:
"Sariah sets challenging sales targets for her team" is an example of ____.
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Answers
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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You are working with Starbucks to increase consumer landings on the company’s web pages, which promote and sell Starbucks’ at-home coffee-brewing systems. One way to increase such landings is to work for better organic search engine results through search engine optimization (SEO). Which of the following tactics should you follow in your SEO program for Starbucks?
A. Include fewer keywords on Starbucks’ website so that the remaining keywords garner more attention from the search engines
B. Decrease the use of meta tags, thus improving the search to hit ratios through organic searches
C. Be sure that content on Starbucks’ landing pages discusses the company’s in-store drinks and promotions
D. You should use all of the tactics listed.
E. Build the site’s authority by determining ways to garner more mentions on other, nonaffiliated websites
Answers
Answer:
The correct answer is the option B: decrease the use of meta tags, thus improving the search to hit ratios through organic searches.
Explanation:
To begin with, if what the company is looking for is to increase the consumer landings on the web page and doing it by working with search engine optimization strategies, more specifically the ones that provides an organic search from the customers then the most accurate option would be to decrease the use of meta tags who make the web page sometimes more difficult to be found due to the fact that they narrow the search then by doing thare is an increase in the search through organic searches.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Answers
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.
Answers
Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.
One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.
Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.
Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.
In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
A. It leads to less hands-on training and less difficulty finding a job.
B. It creates less debt from tuition and the ability to enter the workforce sooner.
C. It leads to more hands-on training and more difficulty finding a job.
D. It creates more debt from tuition, and trade school takes longer to complete.
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The owners of all the Chrysler auto dealerships in a large metropolitan area have an informal meeting during a golf outing. During the meeting, they agree to limit
their orders of a new model of automobile that has received excellent reviews from the trade press for its styling and handling characteristics. Restricting orders will
permit the dealers to sell these models at a price that will be at or above the manufacturer's
suggested retail price for the vehicle. As a result, the dealers will make
more profit on each vehicle sold, due to the high demand for the new model. This type of agreement would be viewed by the courts as
Multiple Choice
horizontal collusion that is illegal
horizontal collusion that is legal.
vertical collusion that is legal
vertical collusion that is illegal
an exclusive distribution arrangement that is legal
help please
Answers
Answer:
the second one is it
Explanation:
i think
In (Noon) Company, direct materials are added at the beginning of the production process. Conversion costs are incurred evenly throughout the production process. Before inspection, some units are spoiled due to undetectable materials defects. Inspection occurs when units are 60% converted. Spoiled units generally constitute 6% of the good units. Data for December 2019 are as follows: WIP, beginning inventory 12/1/2019 Direct materials 22,500 units (100% complete) Conversion costs (55% complete) Started during December 76,700 units Completed and transferred out 12/31/2019 72,500 units WIP, ending inventory 12/31/2019 18,400 units Direct materials (100% complete) Conversion costs (65% complete) What is the number of normal spoilage units?
Answers
Answer:
Following are the responses to the given question:
Explanation:
Statement In December the computation of typical spoiling units shall be shown:
Particulars Units
WIP Inventory Start on 12 January 2019 22,500
Departments began in December 76,700
Total stock available for both the month 99,200
Less: transferred units on 31 December 2019 72,500
Inventory of Less: WIP on 31 December 2019 18,400
Inventory of Balance (Normal Spoilage units) 8,300
The most important useful measure of cost is
A. marginal costs.
B. fixed costs.
C. variable costs.
D. total costs.
Answers
Answer:
d
Explanation:
most like they need a total cost to know the exact amount
Oki Company pays $306,200 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to
record the following costs related to the equipment.
1. Paid $25,950 cash for a new component that increased the equipment's productivity.
2. Paid $6,488 cash for minor repairs necessary to keep the equipment working well.
3. Paid $18,900 cash for significant repairs to increase the useful life of the equipment from four to seven years.
Answers
The Oki Company journal entries are the arranged the Debit and the Credit are the amount of the equipments.
What is equipments?
The term equipment refer to the specific tools used in the performing the particular process. The equipment are the used to fulfill the task. The task and the work are the used of the different equipments.
Oki Company journal entries
Particulars Debit Credit
Equipment $25,950
Cash $25,950
Particulars Debit Credit
Repair and maintenance expense $6,488
Cash $6,488
Particulars Debit Credit
Equipment $14,870
Cash $14,870
As a result, the Oki Company journal entries are the arranged the Debit and the Credit are the amount on the equipments.
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Describe how personal goals, lifestyle, background, hobbies, interests, experience, abilities and financial
resources will impact a business.
Answers
It should be noted that personal goals, lifestyle, financial resources play a vital role in the success and growth of a business.
Experience plays a vital role in q business. When an individual has previous experience regarding a business, this will help shape the person in the right direction.
Also, having the financial resources to meet one's needs are important. Having huge finance can aid the development of one's business.
One's lifestyle and background also matter. It's important to engage in the activities that will lead to the success of the business.
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1. What's the term for service that is designed to be tailored to a specific customer's needs
and interests?
A. Customer service
B. Quality service
C. Personalized service
D. Helpful service
Answers
Since the costs of producing an intermediate product do not change regardless of whether the intermediate product is sold or processed further, these costs are not considered in deciding whether to further process a product.
a) true
b) false
Answers
Answer: a) true
Explanation:
The costs incurred to produce the intermediate products have already been incurred and as such are referred to as sunk costs.
They will not change regardless of whether the good is sold before further processing or if it is sold after. They therefore do not matter in the decision to either process or sell and so are not considered.
If anyone could help, would be greatly appreciated.
You are assigned one specific demographic group that is might be protected under equal opportunity, affirmative action, or other laws (geographically such as state or county) or corporate policy.
My group : high school students into trades, crafts, vocational fields (not college)
Identify whether the group is legally protected under federal legislation. If you were a HR manager, how would you recruit candidates from this specific group to apply at your (or a specific) work location? Be specific and name specific newspapers/publications/website, professional organizations, job fairs, other recruitment sources and creative ideas. Research to include in your posting recruitment price listing (such as the expense to publish in a newspaper or professional publication) if possible. Credits are awarded on specificity.
Answers
High school students interested in trades, crafts, and vocational training are often eligible for special programs or support from the government and businesses.
Equal opportunity laws provide these students with access to resources and opportunities regardless of their race, gender, financial status, or other characteristics.
Affirmative action can be used to ensure that these students are given a fair chance to succeed in the trades, crafts, and vocational fields. Additionally, some states, counties, or corporations may have specific policies in place to encourage and support the development of high school students interested in these areas.
What is a federal legislation?Federal legislation is laws created by the federal government. These laws generally apply to all states and citizens within the United States and its territories.
Therefore, the correct answer is as given above. It could be concluded that high school students are also provided with equal rights for them to access any resources or opportunities of their choice.
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Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $83,000. The sausage system will save the firm $154,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $32,500. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?
Answers
The net present value of the project is $-40,793.30.
What is the net present value?Net present value is a capital budgeting method that is used to determine the profitability of a project. The net present value is the present value of the cash flows expected from the project less the cost of the project.
When using the net present value, a project should only be accepted if its net present value is positive. This is because it means that the project is profitable.
Cash flow from the project = (amount the project will save the firm - depreciation) x (1 - tax) + depreciation
Terminal year cash flow = salvage value + net working capital - tax(salvage value - book value)
Depreciation = (cost of the asset - salvage value) / useful life
($520,000 - 0) / 5 = $104,000
Cash flow from the project = ($154,000 - $104,000)(1 - 0.23) + 104,000
= ($50,000 x 0.76) + 104,000 = $142,000
Terminal year cash flow = $83,000 + $32,500 - (0.23 x $32,500) = $108,025
Net present value can be calculated using a financial calculator:
Cash flow in year 0 = $520,000 + $32,500 = $552,500
Cash flow from year 1 to 4 = $142,000
Cash flow in y ear 4 = $108,025
I = 11%
NPV = $-40,793.30
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What is the benefit in reaching the absolute advantage in the production of one good?
Oto produce more units of a good than other countries
to produce fewer units of a good than other countries
Oto produce more units of a good while using fewer resources
Oto produce fewer units of a good while using fewer resources
Answers
The benefit in reaching the absolute advantage in the production of one good to produce more units of a good than other countries. Option A is correct.
What is the absolute advantage?The ability of a party to produce a good or service more efficiently than its rivals is the foundation of the principle of absolute advantage. This idea or principle was first introduced in 1776 while covering international trade and using labor as the sole input.
Therefore, option A is correct.
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i need help in accounts
Answers
Consider the three sectors discussed in this chapter (business, government, and civil society). What were the interests of each, with respect to conflict coltan, and in what ways did their interests converge?
Answers
It should be noted that the goals of the government, business, and civil society is that three industries are to conduct conflict-free trade, and they achieved this by establishing a group called resolve
How to illustrate the information?It should be noted that the term conflict minerals is defined as the columbite-tantalite and it's also known as coltan
The goals of these three industries are to conduct conflict-free trade, and they achieved this by establishing a group called resolve that will function as a civil society and undertake investigations to ensure ethical mining in the African nation of the Congo.
Following in the footsteps of the diamond stores, the electronics sector began marking and certifying products as "conflict free." Intel made encouraging progress by collaborating with the American State Divisions and sending delegations to Africa to observe ethical mining operations.
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How might the use of credit for a large purchase affect your budget?
Answers
Using credit to make a significant purchase can have immediate and long-term consequences for your finances. Before making a decision, it is critical to carefully consider your options and the potential consequences.
How the use of Credit can affect Budget?Using credit for a abundant purchase can have a meaningful affect your budget in various habits:
Increased monthly fees: If you select to finance your purchase utilizing a charge card or loan, you will likely should create weekly fees that include two together the principal amount and interest. This can increase your weekly expenses and humble the amount of services you have handy for added expenses.Accumulation of bill: If you cannot afford to create the weekly fees, you grant permission finish up increasing deficit. This can bring about interest charges and fees that can fast calculate and manage even challenging to pay the obligation.Lower credit score: If you have excessive deficit or miss fees, your credit score can be in another way damaged. This can manage harder for you to get credit from now on, or influence bigger interest rates and payments.Opportunity cost: By utilizing credit to make a big purchase, you can be yield different convenience. For example, if you are pay off a big loan, you concede possibility not within financial means save as much for retreat or different main aims.Learn more about credit purchase here: https://brainly.com/question/30245409
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which item would be a high involvment purchase?
A an apple
B a pen
c. a computer
d a movie ticket
Answers
Answer:c
Explanation: you need to do more then just buy the computer
14. Which of the following skills are the most helpful for a salesperson?
O A. Quickness and accuracy
O B. Active listening and communication
O C. Creativity and judgement
O D. Addition and subtraction
Answers
Your favorite restaurant sits 10 tables an hour. They tell you that you will have to wait 30 minutes to be seated. How many tables are waiting ahead of you?
Answers
4 tables are waiting ahead of me.
As the restaurant serves 10 tables every hour, we can figure out how long it takes to serve one table using the formula: minutes in an hour/number of tables served in an hour = 60/10 = 6 minutes is taken to serve one table.
We were told to wait for 30 minutes, which means that if a table takes 6 minutes to get services, the restaurant will service about 5 tables in those 30 minutes.
30/6 = 5 tables will be served during those thirty minutes, but since it specifies that one of the tables to be served during those thirty minutes is ours, we deduct 1 table to reach the result that 4 tables are waiting in front of us.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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For an open economy under a floating exchange rate regime, _________________________.
a.) Monetary policy is highly effective.
b.) Fiscal policy is highly effective.
c.) Monetary policy is ineffective.
d.) B and C.