Jeffries & sons is borrowing $95,000 for four years at an apr of 7. 05 percent. The principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for year 3 of this loan?.
Answers
Jeffries & Sons will have to pay $30,491.05 for the third year of the loan. Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05%.
To determine the equal annual payment (EAP), we can use the formula for present value of an annuity.Using the given APR of 7.05%, we find the monthly interest rate by dividing by 12: 7.05% / 12 = 0.5875%.We then find the number of periods (n) to be 4 since it is a four-year loan.We use the formula for the present value of an annuity, which is:Present Value of Annuity = Payment x (1 – (1 / (1 + r)n)) / r, where r is the monthly interest rate and n is the number of periods.Using the values given, we can plug them into the formula:95000 = Payment x (1 – (1 / (1 + 0.005875)4)) / 0.005875 We solve for Payment to get the EAP: Payment = $27,257.47 To determine the total payment due for year 3 of the loan, we simply multiply the EAP by 1.07 twice (once for each of the first two years of interest).
The payment at the end of the third year will be the total payment due for year 3.$27,257.47 x 1.07 x 1.07 = $30,491.05 Therefore, Jeffries & Sons will have to pay $30,491.05 for the third year of the loan.
To know more about Annuity visit-
https://brainly.com/question/23554766
#SPJ11
Related Questions
Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a
Answers
Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.
Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
Read related link on:
https://brainly.com/question/25630852
A company’s code of conduct is likely to include rules on
A. hourly pay
B. processes for handing outside contractors
C. personal use of company confidentiality agreement
Answers
C. personal use of company confidentiality agreement
Answer:
c for sure
Explanation:
thats one of the main things especially if you work in the healthcare industry.
HIPAA is extremely important... invasion of provacy or violating the act can set you into jail
What is the term for a variety of activities designed to stimulate a trial or
purchase?
A. Sales promotion
B. Advertising
C. Public relations
D. Personal selling
Answers
Answer:
I think B.Advertising
Answer:
Sales Promotion
Explanation:
Just took the test.
QUICKLY PLEASE ITS TIMED!!!!
Which of the following approaches measures team performance by the team's ability to meet specific, predefined goals
O the results approach
the behaviors/process approach
the goals approach
the outcome approach
Answers
Answer:
the results approach.
Explanation:
This is because this approach emphasises on the results and outcomes produced by the team.
The approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
What is result approach?Result approach is a performance evaluation approach and can be defined as the type of approach that is used to determine a person perfomance based on the outcome of their tasks.
Most companies tend to make use of result approach to know how well an employee perform on the tasks they are assigned especially when the employee meet or achieved the set goals.
Therefore the approaches that measures team performance by the team's ability to meet specific, predefined goals is: results approach.
Learn more about result approach here:https://brainly.com/question/25234298
#SPJ2
Over the past decade, in one campaign after another, samsung has run ads smugly depicting iphone owners as either disappointed in their phones or secretly envious of people using the latest galaxy model. This is an example of ________ advertising.
Answers
Over the past decade, in one campaign after another, samsung has run ads smugly depicting iPhone owners as either disappointed in their phones or secretly envious of people using the latest galaxy model. This is an example of comparative advertising.
What is meant by comparative advertising?A marketing tactic known as comparative advertising presents a company's product or service as being superior to that of a rival. The features of a company's products next to those of its rivals may be printed in a side-by-side comparison as part of a comparative advertising campaign.
A comparison marketing strategy presents a brand's product as superior to one from a rival. Cost comparisons, blind taste testing, customer reviews, and side-by-side visual comparisons are typical forms of comparative advertising.
Read more on advertising here: https://brainly.com/question/1658517
#SPJ1
Which best explains why producers choose to specialize? choose two answers. to increase competition to gain a comparative advantage to decrease the amount of goods produced to maintain market share to increase efficiency
Answers
The reasons why producers choose to specialize are:
to gain a comparative advantageto increase efficiency.What is specialization?Specialization is when a producer concentrates on the production of some particular goods and services.
Advantages of specialisation
It increases economies of scaleIt increases the efficiency of the producerTo learn more about comparative advantage, please check: https://brainly.com/question/25139916
#SPJ4
Answer:
B and E
to gain a comparative advantage
to increase efficiency
Explanation:
EDGE
Select the correct answer.
What is an opportunity cost?
Olost benefits of other opportunities
cost of taking up an opportunity
costs incurred to receive the benefits of an opportunity
O costs incurred when the wrong opportunity is selected
Answers
Answer:
lost benefits of other opportunities
Explanation:
Answer: lost benefits of other opportunities
Explanation:
Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answers
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
sove 3logx + 5 is equal to 8
Answers
♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
\(3 log(x) + 5 = 8\)
Subtract sides 5
\(3 log(x) + 5 - 5 = 8 - 5\)
\(3 log(x) = 3\)
Divide sides by 3
\( \frac{3 log(x) }{3} = \frac{3}{ 3} \\ \)
\( log(x) = 1\)
_________________________________
Reminder :
\( log_{a}(x) = b\)
\(x = {a}^{b} \)
_________________________________
Thus ;
\( log_{10}(x) = 1\)
\(x = {10}^{1} \)
\(x = 10\)
Done...
♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
who likes this hair style ii think imma get it?
Answers
Requires a medical diagnosis
People with hyperopia must squint to see nearby objects. Reading, writing, computer work or drawing for long periods of time may cause eye strain and headache.
To generate enthusiasm about a good or service, sales promotion: A. targets groups internally and externally B. directs stockholders to sell their stock when prices increase C. is ineffective in reaching the B2B market
D. has declined in importance because of time and cost limitations.
Answers
To generate enthusiasm about a good or service, sales promotion "targets groups both internally and externally", hence option A is correct. Sales promotion involves offering incentives or discounts to customers, which can generate excitement and interest in a product or service.
While sales promotion can be effective in reaching the B2C market, it can also be effective in the B2B market if targeted correctly. However, it is important to consider the time and cost limitations of sales promotion strategies.
A sales promotion is a marketing strategy in which a business uses a temporary campaign or offer to increase interest or demand in its product or service. There are many reasons why a business may choose to use a sales promotion (or 'promo'), but the primary reason is to boost sales.
To learn more about "Sales promotion" visit: https://brainly.com/question/1312782
#SPJ11
Compare two similar companies or products based on their consumers (audience), costs, communications (customer service), and convenience (relevance). When you are finished comparing, explain which product is better for people like yourself.
Answers
Answer:
i need this too
Explanation:
A semester consists of half the year (18 weeks) and is worth .5 (1/2)
credit. *
True
False
Answers
The paint rule regulates ___ and plastic surface-coating operations for manufacturing and auto body shops.
Answers
The paint rule regulates metal and plastic surface-coating operations for manufacturing and auto body shops.
What is the paint rule?This is what is also referred to as the 6H rule. This is the rule that has to do with the metal and the plastic coating in car repair. It is what is used in the collision repair industry.
Hence we can conclude that the The paint rule regulates metal and plastic surface-coating operations for manufacturing and auto body shops.
Read more on painting here: https://brainly.com/question/17996239
#SPJ1
(Please Help) What law gave enforcement authority to the equal employment opportunity commission?
A. The Uniformed Service Employment and Reemployment Act of 1994
B. The Equal Pay Act of 1963
C. The Equal Employment Opportunity Act of 1964
D. The Civil Rights Acts of 1964
Answers
Lucia spends some time carefully reviewing her paycheck so that she can fully understand the difference between her gross and net pay. by doing so, what skill is lucia displaying?
Answers
The skill Luca displaying by doing her paycheck so that she can fully understand the difference between her gross and net pay is Problem solving.
Problem solving, which is a common component of most activities, is the process of reaching a goal through overcoming barriers. Little daily duties to complicated concerns in the commercial and technological domains are all examples of problems that need to be solved.
Whereas the latter is complicated problem solution with several interconnected hurdles, the former is an example of basic problem solving that only addresses one issue. Undefined issues, in which the existing state is problematic but it is unclear what type of resolution to strive for, are distinguished from well-defined difficulties, which have obvious impediments and goals.
Similar distinctions may be made between formal, fact-based difficulties requiring psychometric intelligence and socio-emotional problems that depend on people's or groups' fluctuating emotions, such as appropriate behaviour, attire, or gift preferences.
Learn more about Problem solving:
https://brainly.com/question/23945932
#SPJ4
Lucia spends some time carefully reviewing her paycheck so that she can fully understand the difference between her gross and net pay. by doing so, what skill is lucia displaying?
Results - driven
Problem - solving
Innovation
Innitiative
PLEASE HELP ME
My career is a traveling nurse
Answers
Answer:
Step by step explanation
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
Which turning point most directly affected the development of the free market economy?.
Answers
Answer:
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
Explanation:
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
Answer:
what?
Explanation:
1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
When reporting unusual or infrequent items in the income statement which of the following is not correct?
Multiple Choice
A. If a material event is either unusual in nature or an infrequent occurrence it is classified on the income statement as a special or unusual item in continuing operations.
B. If a material event is either unusual in nature or an infrequent occurrence—such as a one-time charge resulting from a major restructuring—it may be classified on the income statement as a special or unusual item in continuing operations or treated as an extraordinary item if it has been a number of years since the company’s last major restructuring.
C. Firms that use early debt retirement will report the associated gains and losses as part of income from continuing operations with separate line-item disclosure.
D. The write-off of obsolete inventory would be reported on the income statement as a special item in continuing operations.
Answers
When reporting unusual or infrequent items in the income statement, the statement, "the write-off of obsolete inventory would be reported on the income statement as a special item in continuing operations" is not correct. So, option D is not correct
This is because the write-off of obsolete inventory would be reported on the income statement as a special item in Discontinued Operations and not in Continuing Operations.
What are unusual and infrequent items?Unusual items are items that are not expected to be a component of a business's ongoing operations. Infrequent items are not expected to repeat themselves in the future.
When reporting unusual and infrequent items, companies must classify them in two ways: Special items in continuing operations - if a material event is either unusual in nature or an infrequent occurrence, it is classified on the income statement as a special or unusual item in continuing operations.
Extraordinary items - if it has been a number of years since the company's last major restructuring, a material event that is either unusual in nature or an infrequent occurrence may be treated as an extraordinary item.
Early debt retirement is a process in which a company retires its long-term debt before its maturity date. Firms that use early debt retirement will report the associated gains and losses as part of income from continuing operations with separate line-item disclosure.
The write-off of obsolete inventory would be reported on the income statement as a special item in Discontinued Operations and not in Continuing Operations. So, option D is the right answer.
To know more about income statement , refer here
https://brainly.com/question/30433886#
#SPJ11
the marketing research problem has which of the following objectives?
Answers
The marketing research problem typically has the objective of identifying and solving marketing-related issues or challenges faced by a business or organization.
The marketing research problem serves as the foundation for conducting marketing research studies. It represents the specific issue or challenge that the organization wants to address through the research process. The objectives of the marketing research problem can vary depending on the organization's needs and goals.
The primary objective of a marketing research problem is to gain a deeper understanding of the market, consumers, competition, or any other relevant marketing aspect. This understanding helps the organization make informed decisions, develop effective marketing strategies, and improve overall business performance. The research problem may aim to explore consumer preferences, evaluate the effectiveness of marketing campaigns, assess market opportunities, understand buyer behavior, or analyze market trends, among other objectives.
By defining the marketing research problem and its objectives, businesses can tailor their research efforts to gather relevant data, analyze insights, and provide actionable recommendations. The ultimate goal is to address the identified problem and enhance the organization's marketing activities to achieve desired outcomes and meet customer needs effectively.
Learn more about competition here: https://brainly.com/question/29785717
#SPJ11
Model only A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A sells for $10 while a unit of toys B sells for $1 less than twice as much as toys A. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. Also, toys B sell at least twice as fast as toys A. How many units of each type of toys should be stocked in order to maximize his monthly total profit?
Answers
1000 units of each type of toys should be stocked in order to maximize his monthly total profit.
To maximize the monthly total profit, the store owner should stock 1000 units of toy A and 1000 units of toy B.
Let's break down the problem to find the optimal stocking strategy. The store owner pays $8 for each unit of toy A and $14 for each unit of toy B. Toy A sells for $10 per unit, while toy B sells for $1 less than twice the price of toy A, which is $2 * $10 - $1 = $19 per unit.
Considering that toy B sells at least twice as fast as toy A, we can assume that the store owner should stock an equal number of units of each toy. Let's denote this number as 'x'. So, the total cost of stocking 'x' units of toy A would be $8 * x, and the total cost of stocking 'x' units of toy B would be $14 * x.
We also know that the total cost of stocking both types of toys should not exceed $20,000. Thus, we can set up the following equation:
8x + 14x ≤ 20,000.
Simplifying the equation, we get:
22x ≤ 20,000.
Dividing both sides by 22, we find:
x ≤ 909.09.
Since the store owner estimates that no more than 2000 toys will be sold every month, we choose the maximum value for 'x' as 1000 (half of 2000).
Therefore, the optimal stocking strategy is to stock 1000 units of toy A and 1000 units of toy B, resulting in the maximum monthly total profit.
To learn more about profit, click here:
brainly.com/question/1078746
#SPJ11
Salespeople who work on deals for constructing office buildings and
shopping centers read magazines like Construction Today and Constructor
Magazine. What kind of knowledge are they developing this way?
A. Account maintenance knowledge
B. Business knowledge
C. Knowledge of buyer behavior
D. Industry knowledge
Answers
Industry knowledge is the kind of knowledge are they developing this way. Hence, option D is correct.
What is Industry knowledge?When a person talk about industry knowledge, they mean the body of data and comprehension of the nuances of what is happening in particular industries that are of interest.
Instead, a person can demonstrate their subject-matter experience by highlighting the company's most recent achievements or stressing how inventive they are, and then going into greater detail about what you think distinguishes them from the competition. This is a more overt way to show the firm that you are interested in them.
Four different industries exist. These are the primary, secondary, tertiary, and quaternary. The main purpose of the mining, farming, and fishing sectors is to get raw materials. In the secondary industry, manufacturing comprises the production of items like steel and automobiles.
Thus, option D is correct.
For more details about Industry knowledge, click here:
https://brainly.com/question/25454846
#SPJ5
Answer:
industry knowledge
Explanation:
trust i got it right
unexpected events that drive economic cycles and fluctuations are called?
Answers
Startling occasions that drive economic cycles and variances are called economic shocks.
Shocks are regularly unusual and typically happen because of occasions that are believed to be outside the extent of ordinary financial exchanges. Financial shocks meaningfully affect the economy and are believed to be the underlying driver of downturns and monetary cycles, as per the genuine business cycle hypothesis (RBC).
The term alludes to startling occasions that drive monetary cycles and variances. Shocks. Monetary hypotheses depend on the understanding that financial variances are brought about by the workforce. Monetary variances have reduced in recurrence and seriousness in the US and numerous different nations throughout recent years, a peculiarity called the "Incomparable Balance".
Learn more about Economic:
https://brainly.com/question/29652921
#SPJ4
Question 6 of 10
The practice of fractional reserve banking means that:
O A. banks are required by law to operate as nonprofit organizations.
O B. banks are not allowed to use deposited funds to make loans.
O C. banks can change the interest rates on loans at any time.
O D. banks only keep a portion of their deposits as cash reserves.
Answers
Answer:
D. banks only keep a portion of their deposits as cash reserves.
Explanation:
A fractional reserve system needs a commercial bank to maintains the customer deposit percentage at the time of custody. This means that at any time the deposit fraction should have the cash backing i.e. physical also the fraction should be maintained
So according to the given situation, the last option is correct as the bank keep a portion of the deposits in cash reserves
To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product.
Answers
To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product mix.
A product mix is the total variety of product lines and individual products or services an organization offers. To boot noted as product assortment or product portfolio. Product combines vary from company to company. Some have multiple product lines with many products in every line.
For example, an organization could sell multiple product lines, with the merchandise lines being fairly similar, like dentifrice, toothbrush, or solution, and alternatives such as toiletries.
Product mix, additionally called product assortment, refers to the entire variety of product lines an organization offers its customers. The four dimensions of a company's product combine embody breadth, length, depth and consistency.
To learn more about product mix, visit here
https://brainly.com/question/22852400
#SPJ4
The price of a competitive firm's product is $50 per unit. The firm currently has marginal cost equal to $40. To maximize profits, what should this firm do
Answers
Answer:
should increase its output
Right now, there are people all over the world who are just like you. They're either lonely, they're missing somebody, they're depressed, they're hurt, they're scarred from the past, they're having personal issues no one knows about, they have secrets you wouldn't believe. They wish, they dream and they hope. And right now, they are sitting here reading these words, and I'm writing this for you so you dont feel alone anymore. Always remember, don't be depressed about the past, don't worry about the future, and just focus on today. If today's not so great don't worry! Tomorrow's a new chance. If you are reading this, be sure to share this around to make others feel better And God Loves you no matter who dosent . Have a nice day! :)
Answers
Answer:
why are you telling us this bro
Explanation:
Answer:NO ONE CARES
Explanation:
During which process in the water cycle does water release thermal energy ?
Answers
During the process of evaporation in the water cycle, water releases thermal energy.
Evaporation occurs when the sun's heat causes the surface of water bodies, such as oceans, lakes, and rivers, to turn into water vapor. This process requires the absorption of heat, which causes the water molecules to gain enough energy to break their bonds and move into the air as a gas.
This release of heat energy, or thermal energy, from the water molecules is what causes evaporation to occur. As the water vapor in the air rises and cools, it eventually condenses to form clouds, and the thermal energy is once again absorbed.
To learn more about Thermal energy,
https://brainly.com/question/13258302
https://brainly.com/question/24252453