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Tema
2 months ago
8

At the Penalty APR rate of 28.99% and a balance of about $1800, approximately how much interest would you owe in one month?

Business
1 answer:
Nady [3.6K]2 months ago
5 0

Answer:

In one month, you owe $43.47.

Explanation:

Daily Interest for one month is calculated as follows: Balance × APR rate × [number of months / Total months in a year]

Daily Interest = $1800 × 28.99% × 1/12

= $1800 × 0.2899 × 0.0833

= $43.47

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For some reason, the seller of a home at 123 Mulberry Lane decided not to close on a sale transaction on closing day. The seller
Nady [3600]

Response:

The buyer has the option to pursue specific performance of the contract. In real estate transactions, to be able to take legal action for specific performance, the buyer must have the necessary funds (or mortgage) ready for closing. It’s challenging to claim damages due to the unwillingness of the seller to proceed with a house sale, as houses are unique; similar properties may vary greatly in value depending on their locations.

By pursuing specific performance, the non-breaching party requests that the other party fulfill their obligations under the contract.

3 0
3 months ago
Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its ex
Mariulka [3825]

Answer:

NPV = negative 37,599

Explanation:

To determine the NPV of the new sewing machine, we subtract the investment from the present value of anticipated cash inflows.

Initial investment = Cost of machine + Training expenses - Salvage value

Initial investment = 2,450,000 + 85,000 - 250,000

Initial investment = 2,285,000

Year                                      DF(9%)   Present Value

1  Cash inflow     390,000  x 0.917      $357,798

2 Cash inflow     400,000  x 0.842    $336,672

3 Cash inflow     411,000   x  0.772     $317,367

4 Cash inflow     426,000  x 0.708     $301,789

5 Cash inflow     334,100  x 0.650     $217,077       (434,100 - 100,000)

6 Cash inflow     435,000  x 0.596    $259,376

7 Cash inflow     436,000 x 0.547     $238,507

7 Salvage value 400,000 x 0.547     $218,814  

     

Present Value of cash inflow             $2,247,401

Initial investment                                $2,285,000

NPV ($2,247,401 - $2,285,000)          (37,599)    

Conclusion: Hillsong should refrain from acquiring the new machine since the NPV is negative.      

4 0
2 months ago
A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken
Nady [3600]
To answer, "b. offer rebates and incentives for customers who purchase washing machines." Increasing a company's productivity must be strategically planned, ensuring there is demand in line with economic expectations. If a firm expands its capacity without sufficient demand, the outcome can be detrimental, especially during economic downturns. The described firm faces idle capacity and, thus, it is prudent to provide price incentives like discounts to encourage demand for washing machines, allowing the business to maintain operations until the economy rebounds.
8 0
1 month ago
Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person
stepan [3596]

Response:

La opción correcta es D, formar una corporación.

Justificación:

Elegí esta respuesta porque la responsabilidad limitada se aplica a una corporación, que se diferencia de otros tipos de negocios.

El concepto de responsabilidad limitada significa que los accionistas en una compañía de responsabilidad limitada solo son responsables hasta el monto que han aportado a través de las acciones que poseen.

Si la empresa incurre en deudas, no se les pedirá a los accionistas que cubran estas deudas con su propio dinero, lo que protege los bienes personales de Harry y Meghan.

4 0
2 months ago
There are several different ways that Bond’s Gym can solve its problem.
marusya05 [3725]
<span>The primary issue at Bond's Gym is that demand exceeds capacity. Therefore, implementing negative incentives is the most effective approach. Positive incentives would only attract more customers, worsening the situation. Negative incentives could benefit the owner by increasing revenue and enabling gym expansion to serve more clients.</span>
5 0
3 months ago
Read 2 more answers
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