Based on the additional income that the student will get at graduation and the cost of the courses, the incremental income here is $8,500.
What is the incremental income?The is the additional income that we gain from pursuing a course of action, less the costs of that action.
In this case, the incremental income will be:
= Additional income - additional cost
= 10,000 - 1,500
= $8,500
In conclusion, the incremental income is $8,500.
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Answer:
8500
Explanation:
You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)
Loan amount $989,000
Interest Rate 11. 7%
Life 48 years
Date of Loan January 1, 2021
1. What is the annual payment (round to the nearest $)?
2. What are the total interest payments (round to the nearest $)?
3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)
5. What is the annual payment (round to the nearest $)?
6. What are the total interest payments (round to the nearest $)?
After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)?
The percentage of total interest paid after 28 payments is 69%, and the percentage of total principal paid after 28 payments is 10%.
Calculations of a Loan Annual Payment and Total Interest PaymentsNote: Only questions 1 to 4 are relevant as questions 6 to8 are just repetitions of questions 1 to 4 respectively.
Also Note: See the attached photo for the loan amortization schedule for the self-liquidating installment loan.
From the attached photo, we can answer the questions as follows:
1. Annual payment = $116,287
2. Total interest payments = Total of interest = $4,592,780
3. Percentage of total interest paid after 28 payments = Cumulative interest payment at Year 28 / Total interest payments = $3,152,232 / $4,592,780 = 0.69, or 69%
4. Percentage of total principal paid after 28 payments = Cumulative annual principal at Year 28 / Total principal payments = $103,806 / $989,000 = 0.10, or 10%
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Pierre works at a fine dining restaurant. He wants to impress his special guests tonight by carving the lamb, which is the main course, in front of them. Before dinner service started he made sure that his ______ cart was stocked with utensils, linen, hot plates, a flare lamp, and accompaniments such as sauces and mustard
He made sure that the kitchen cart was stocked with necessary utensils, flare lamp, sauces, mustard etc.
What is a kitchen cart?This is a cart that is designed to serve an all-purpose storage and workspace for personal and business kitchen.
These cart usually a drawers, baskets, cabinets or hooks that will helop to hold utensils, towels, essentials etc.
Therefore, the word "kitchen cart" is correct.
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Genna and four others are establishing a business to create monogrammed items of personal clothing to sell to the general public. genna is concerned about entering into business with others and possibly being liable for their actions, so she convinces the others that they should incorporate. after doing some basic research on how to incorporate a business, genna starts preparing the articles of incorporation. at a minimum, genna must make sure that the articles of incorporation include:
Genna's article of incorporation must include:
Name of the corporation,Number of shares of stock the corporation is authorized to issue,Name and street address of the initial registered agent of the corporation as well as its registered office, and Name and address of each incorporator.What are the articles on incorporating a business?Articles of incorporation are a series of formal documents that must be filed with a government agency in order to legally establish the formation of a business.
Many businesses in the United States are organized as corporations, which are legal entities incorporated in the region in which they conduct business. A business must be incorporated in order to be formally recognized as a corporation by following certain actions and making certain decisions as mandated by corporate law.
Genna's article of incorporation must include:
Name of the corporation,Number of shares of stock the corporation is authorized to issue,Name and street address of the initial registered agent of the corporation as well as its registered office, and Name and address of each incorporator.Learn more about the articles on business incorporation here;
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Skysong, Inc. has 48,000 shares of $10 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the market price per share is $17. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend.
The entries is:Debit Stock Dividend $89,760;Credit Common Stock Dividend Distributable $52,800;Credit Paid in Capital in excess of Par- $36,960.
Declaration and issuance of the stock dividendDec 1
Debit Stock Dividend $89,760
(48,000×11%×$17)
Credit Common Stock Dividend Distributable $52,800
(48,000×11%×$10)
Credit Paid in Capital in excess of Par- $36,960
($89,760-$52,800)
Dec 31
Debit Common Stock Dividend Distributable $52,800
(48,000×11%×$10)
Credit Common Stock $52,800
Therefore the entries is: Debit Stock Dividend $89,760 ;Credit Common Stock Dividend Distributable $52,800;Credit Paid in Capital in excess of Par- $36,960.
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What does the Federal Reserve help regulate?
A. The economy
O B. Food
O C. Clothing
O D. Music
Answer: A The Economy
Mark Brainliest
When you buy Crest toothpaste at your local supermarket because you have a 50-cents-off coupon for it, even though that is not your regular brand, you are being influenced primarily by which promotional element
Sales promotion is a promotional element that makes you buy Crest toothpaste at your local supermarket because you have a 50-cents-off coupon.
What is sales promotion?A sales promotion is a strategy used to market products in a business, the business make of campaign as a medium of attracting individual who are potential customers.
This helps increase the demand for a particular products.
Therefore, Sales promotion is a promotional element that makes you buy Crest toothpaste at your local supermarket because you have a 50-cents-off.
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____________ protects you against financial loss when your car damages other vehicles, street signs, or buildings.
Answer:
Collision insurance
Explanation:
Collision insurance replace your car if it's damaged in an accident with another vehicle or a object.
Why is it important to have communication in a job ?
Answer:
Good communication can boost teamwork and lead to better project collaboration.
Answer:
- Good communication can boost teamwork and lead to better project collaboration. It applies to practically every industry.
- Workplace communication is important for streamlining internal communication. Maintaining effective communication ensures that management and the team below them are on the same page
- It disseminates the information needed by employees to get things done and builds relationships of trust and commitment.
- Workplace communication is vital to an organization's ability to be productive and operate smoothly.
- Workplace communication improves worker productivity.
I hope my answer helps you.
Which statement is NOT true?
A. Local banks offer commercial real estate loans.
B. Local banks offer automobile loans to the government.
C. Local banks offer unsecured loans.
D. Local banks offer residential mortgage loans.
E. Local banks offer educational loans.
Explanation:
The Answer Is C. That's It
why doesn't school teach taxes
Answer:
Well, Who knows but I'd assume they deem it unimportant. for our class because of we were a higher class our parents would teach us how when we were ready
Answer: People file different kinds of taxes. They can't teach you every kind of tax in depth on how to go through it. For example, for personal income taxes, there are currently three different types of forms that someone could file.
What does the phrase internalizing an external cost mean?.
Answer:
It means, "forcing producers to factor into their production costs the cost of the externalities created in the production of their output."
Hope this Helps!
Because it is needed for the schedule of expected cash collections, the annual master budget file includes the.
It should be noted that the annual master budget file includes the from last year.
What is a master budget?The master budget serves as the aggregation of all lower-level budgets produced that is been generated by company's various functional areas.
This encompass budgeted financial statements, and a financing plan.
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Observation can be used to help determine ______. Multiple select question. proper inventory authorizations proper recording and allocation of labor and material costs physical controls over inventory separation of duties in the inventory area
Observation can be used to help determine proper inventory authorizations so as to meet the goals of the company.
What is observation ?Observation serves as the the action or process which involves closely monitoring of something or someone.
Therefore, with proper observation, as an expert you can determine proper inventory authorization so as to achieve organizational goals.
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A liability for cash dividends is recorded: Multiple Choice When cumulative preferred stock is sold. On the date of declaration. On the date of record. On the date of payment. For dividends in arrears on cumulative preferred stock.
A liability for cash dividends is recorded either on the:
date of declarationdate of recorddate of payment. Where are liability for cash dividends recorded?When the dividend is declared, the company will records a liability to shareholders in the dividends payable account.
Hence, these liability are recorded on the financial records and reported on the corporation's balance sheet.
Therefore, the Option B, C and D is correct.
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What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.
What is a progressive tax?This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.
The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.
Therefpre, the Option C is correct.
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Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the united states is 8 million barrels per day. also suppose that when the price of gas decreases to $2.25 per gallon, the total amount of gasoline purchased is 12 million barrels per day. based on these numbers and using the midpoint formula, the percentage change in the quantity demanded is:
Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
Percentage change in the quantity demanded
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
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There are seven different kinds of kitchen scales available, each of which operates on a slightly different principle for calculation.
True
False
There are Seven different types of Kitchen Scales. They are,
1. Balance Scale
2. Mechanical Scale
3. Digital Scale
What is a Kitchen Scale?A kitchen scale is a weight machine that lets a person quantify the weight of a certain product.
4. Large Capacity Scale
5. Hanging Scale
Analog Hanging ScaleDigital Hanging Scale6. Top loading Dial Scales
7. Metric System Scale
The various kitchen scales are used by people for measuring and weighing the products. There are digital as well as analog scales which are used by the users based on their preferences for calculations.
The given statement is True.
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When the members of a marketing channel operate to satisfy their own objectives and maximize their own profits, often at the expense of the other members, the channel operates as:.
Wat is NOT taken into account when determining a person's career path?
Answer:
genetics
Explanation:
A de jure corporation is one that is formed to accomplish a single purpose within a limited time. True False
It is false that a de jure corporation is one that is formed to accomplish a single purpose within a limited time.
To find out why a de jure corporation is not limited to a single purpose, we need to know more.
What is de jure corporation?It is when a coporation has fulfiled the required mandate within the ambit of the law to become a corporation.For a certified de jur coporation, they can issue stocks and also carry out daily activities.Hence, we can conclude that a de jure corporation is not one that is formed to accomplish a single purpose within a limited time.
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You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
Janet wants to line a block of text on the right what up come in and allow her to do this
a. indet
b. window control
c. justification
d. line and page breaks
Answer:
I believe the answer would be C. Justification
Explanation:
She would be allowed to do this.
Letitia is in high school. she wants to go to medical school in kentucky and then become a pediatric surgeon to help children. which best describes her goals? going to medical school is her short-term career goal, and becoming a pediatric surgeon is her long-term financial goal. going to medical school is her short-term educational goal, and becoming a pediatric surgeon is her intermediate career goal. going to medical school is her intermediate educational goal, and becoming a pediatric surgeon is her long-term career goal. going to medical school is her long-term career goal, and becoming a pediatric surgeon is her short-term financial goal.
Goals are the future commitment to achieve to get the desired result. Her intermediate academic goal is to go to medical school.
What are intermediate and long-term goals?Intermediate are goals that can be achieved in course of one to five years of duration and require a bit of saving. This type of goal includes educational accomplishments.
Long-term goals are goals that take many years to accomplish and require much savings. It may include learning something new, starting a business, specializing in an educational field, etc.
Therefore, option C. attending medical school is intermediate, and becoming a pediatric surgeon is a long-term goal.
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Answer:
c
Explanation:
did it on edg:)
A financial institution or commercial bank that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) ______.
A financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
What is account receivable?Account receivable is an asset and can be defined as the amount a company is expected to receive from their client for the service they rendered to the client.
When a financial institution buy a business account receivable at a discounted price or rate by keeping the amount they collected this is tend to be known as a factor.
Therefore a financial institution that purchases a business' accounts receivable at a discount and then keeps what they collect is a(n) factor.
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Ammunition Handlers conduct joint inventory with the unit using _________ to ensure the unit is getting the correct quantities and types of ammunition.
The DA Form 3151-R is used to ensure the unit is getting the correct quantities and types of ammunition.
Who are the Ammunition Handlers?These are people that conduct a periodic inventory of ammunition, ammunition components and ammunition related material.
They also perform a principal duties of receipt, storage, and issue of ammunition etc.
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Many companies moved their operations from new england and the midwest to locations in the south because
Many companies moved their operations from new england and the midwest to locations in the south because: the South had less expensive site factors than northern regions.
Change of operation location from midwest to southThe major reason why most companies tend to moved their operation to south was to maximize profit.
Compare to midwest, the site factors such as rew material, labor and land were more cheaper in the south.
This companies change their operation location because they want to reduce cost as their aims and objective is to generate or maximize profit.
Inconclusion the South had less expensive site factors than northern regions.
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If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________. Group of answer choices
When a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
What is a checking account?It should be noted that a checking account simply means a deposit account that allows one to make withdrawals and deposit.
In this case, when a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
Here, M1 is the money supply which is composed of currency, demand deposit and savings deposit. M2 is the measure of money supply that has to do with cash, checking deposit and near money.
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Ugar has relocated a production firm to a country that has lower production costs, and is closer to his customers. What type of advantage does this offer Ugar's firm
The advantage offered to Ugar by relocating their production firm is a reduction in the cost of doing business.
What advantage does Ugor gain?When Ugor relocated to the country that has a lower production cost, it means that they will spend less to produce their goods and services.
He will also spend less on transporting his goods to his customers. These reduced costs mean that his cost of doing business has reduced.
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Question 2 of 10
Which of the following is an example of a value?
A. Sports
B. Public speaking
C. Coding skills
D. Responsibility
SUBMIT
Answer:
》resonsibility
............................
What best describes national finances during president reagan’s time in office?
The statement that best describes national finances during president Reagan’s time in office is both federal spending and the national debt rose.
Who is the Regan?Ronald Wilson Reagan was the 40th President of the United States of America, presiding from 1981 to 1989.
After a profession as a Hollywood star and union organizer, he governed as the 33rd governor of California from 1967 to 1975.
Under his presidency, the federal government's spending increased by around 65 percent. The total spent climbed from $599 billion to $991 billion.
The national debt is also increasing. During his reign, it has steadily increased from $738 billion to $2.1 trillion, the economy has been growing considerably.
The military organization under his presidency is responsible for the vast majority of this spending and borrowing.
Therefore, both federal spending and the national debt rose as a result of his spending.
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