John Doeber borrowed $150,000 to buy a house. His loan cost was 6% and he promised to repay the loan in 10 equal annual payments. What are John's annual payment amounts?

Answers

Answer 1

Answer:

$20,380.16

Explanation:

in order to find the annual payment, we can use the present value of an annuity formula:

present value = annual payment x PV annuity factor

present value = $150,000PV annuity factor (6%, 10 periods) = 7.3601

annual payment = present value / annuity factor = $150,000 / 7.3601 = $20,380.16


Related Questions

The purpose of a(n) ________ is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

Answers

Answer:

social audit

Explanation:

The purpose of a social audit

is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

Social audit in an organization helps to bring improvement to the organization, it should be noted noted that through social audit, we can measure the behavior of the organization and we can know the necessary steps to carried out for better quality and efficiency.

Record the consumption of supplies durning the month is supplies worth $4000 were purchased on January 5 and at the end of the month supplies worth $3000 were in hand

Answers

Answer: that means you got 3/4 worth of supplies that were purchased.

Explanation:

So the way you did this problem is so weird and is not understandable

What are three of the most reliable ways a company can distinguish itself in the marketplace, build customer loyalty, and achieve a competitive advantage

Answers

Answer:

1) low-cost provider strategy

2) low-cost strategy

3) broad differentiation strategy

Explanation:

A company applies a low-cost provider strategy when it's able to sell its products at the lowest price among competitors while still making a profit. Also, by using a broad differentiation strategy a company could offer a unique variety of products that would distinguish itself in the marketplace.

A good example of a company that uses the above strategy is Microsoft.

Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then indorses it to Nat, the present holder. Suppose that Mona pays Nat on the note. With timely notice to the proper parties, Mona may collect payment on the note from:

Answers

Answer:

a. Jake, Kim, or Lou.

Explanation:

A promissory note is a note that should be signed with written promise in terms of paying some specific amount to the note owner on a specifiic date or on demand.

Since in the question it is mentioned that Jake who is a maker and pay to Kim and then it would endorse to Lou

So here the Mona should collect the payment from the above three parties

hence, the correct option is A.

Entrepreneurs weigh the differences between the benefits of starting a business and those things that they are likely to forego because they choose to work for themselves. Such things they are likely to pass up on are

Answers

Answer:

Employers offered such compensation including paid holidays as well as insurance coverage.

Explanation:

Entrepreneurs already don't obtain compensation offered to the employment contract that somehow a big company may provide, which include things like paid holidays but rather medical benefits.  They consider giving up certain advantages to encourage them to operate but instead retain the money that certain companies know.

He "broken window fallacy" a. explains why inflation is so high. b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create. c. has nothing to do with public policy. d. is a justification for the government to print more money.

Answers

Answer: b. is illustrated when a government program is justified not on its merits but on the number of jobs it will create.

Explanation:

The broken window fallacy is simply a parable that is used to denote that when a country guess to war, it may be good for the country as it is good for the country's economy. It is a message which denotes that a beneficial event that can result in economic consequences that are negative for many others.

The broken window fallacy is illustrated when a government program is justified not on its merits but on the number of jobs it will create.

______________ are typically external, independent experts in accounting who can carefully evaluate a company's accounting records and verify whether they company has applied accounting standards fairly and consistently.
a) Accountants
b) Stakeholders
c) Auditors
d) Creditors

Answers

Answer:

Auditor

Explanation:

The Auditor must be external to avoid having to adjust their judging if displease their employer. The Auditor work on accounting firms or in their own and are hired by the company as legally obligations required to do so.

This way the Auditor can make their objections and the company is forced to adjust to the norm rather than being just a pass-through.

In the​ U.S., gross domestic product ​(GDPLOADING...​) and gross national product ​(GNPLOADING...​) are close in value. Under what circumstances would GNP be much larger than​ GDP?

Answers

Answer:

Gross National Product (GNP) includes the value of all goods and services produced by nationals both inside the U.S. and abroad. For example, GNP includes goods produced by American manufacturers in Mexico-

Gross Domestic Product (GDP) includes only the value of all goods and services produced domestically, that is, within the country, whether by national firms or foreign firms. For example, GDP includes goods produced by Swiss manufacturer Nestlé in their American Plants.

Taking this into account, we can see that a situation which would make GNP much larger than GDP is if there are many more American firms producing aborad than foreign firms producing within the country. In this circumstance, American production abroad would inflate GNP, while the small foreign production in America would not increase GDP as much.

Financial instruments Financial instruments are assets that have a monetary value or record a monetary transaction. To coordinate the exchange of capital between borrowers and lenders, financial instruments trade in the financial markets. These financial instruments can be categorized on the basis of their issuers, maturity, risk, and other factors. Identify the financial instruments based on the following descriptions. Description Financial Instrument Backed by the U.S. government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk free Investments. Issued by corporations, these unsecured debt instruments are used to fund corporate short-term financing requirements. If issued by a financially strong company, they have less risk These financial instruments are investment pools that buy such short-term debt instruments as Treasury bills (T-bills), certificates of deposit (CDs), and commercial paper. They can be easily liquidated.Issued by corporations, these financial instruments fund their long-term financing requirements and have less risk than equity securities. Which of the following instruments are traded in the capital markets? A. Certificates of deposit.B. Common stocks.C. Treasury bills.D. Preferred stocks.E. Corporate bonds. The process in which derivatives are used to reduce risk exposure is called:_______.

Answers

Answer:

1. Identification of financial instruments:

Treasury Bills: Backed by the U.S. government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk free Investments.

Commercial Papers: Issued by corporations, these unsecured debt instruments are used to fund corporate short-term financing requirements. If issued by a financially strong company, they have less risk.

Money Market Instruments: These financial instruments are investment pools that buy such short-term debt instruments as Treasury bills (T-bills), certificates of deposit (CDs), and commercial paper. They can be easily liquidated.

Corporate Bonds: Issued by corporations, these financial instruments fund their long-term financing requirements and have less risk than equity securities.

2. Instruments traded in the capital markets are:

B. Common stocks

D. Preferred stocks

E. Corporate bonds.

3. The process in which derivatives are used to reduce risk exposure is called:

Hedging

Explanation:

Financial instruments can be stocks, bonds, commercial papers, or treasury bills.  Some financial instruments are capital market instruments (e.g. stocks and bonds), while others are money market instruments (e.g. commercial papers and treasury bills).

When the value of a contract depends on an underlying financial asset, it is called a derivative. Examples of underlying instruments are bonds, commodities, currencies, interest rates, market indexes, and stocks.

How can companies use advertising as a public relations tool?

Answers

Answer:

Advertorials allow you to associate your advertising with the credibility of the newspaper. Many businesses employ advertising or marketing professionals to help them develop TV advertorials — which are commonly used as a form of advertising and product placement

A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy:__________.

Answers

Answer: 300 shares at $31.50

Explanation:

The NASDAQ system simply uses an index, or sometimes stick collection that are being utilized to make a snapshot of the market performance.

A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy 300 shares at $31.50.

A change in the quantity demanded comes about when there is a change in the price of the good​ (other things held​ constant). Such a change in quantity demanded involves a _____ a given demand curve.

Answers

Answer:

Movement along

Explanation:

As we know that

There is an opposite relationship lies between the price and the demanded i.e. quantity as per the law of demand that means if the price increased than the quantity demanded decreased and vice versa

But when some changes are there in quantity demanded by having change in price keeping other things remain constant so the change in quantity demanded would be movement along with the demand curve and the same is to be considered

A ________ perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer.

Answers

Answer:

Value-Added.

Explanation:

A value-added perspective on quality involves a subjective assessment of the efficacy of every step on the process for the customer. A value-added perspective on quality is a strategic business approach in which businesses engage in activities that brings value, benefits or satisfaction to the consumer of its goods and services, to achieve this goal, business managers usually ensures that the manufacturing and distribution process or steps are effective and efficient.

Fill in the blank: In the _________ stage of the buyer's journey, the potential buyer has defined their problem and is actively researching different solutions.

Answers

Answer:

Consideration.

Explanation:

The buyer's journey in sales management refers to the process whereby a consumer or customer is aware of a product, considers and decide whether to buy the product.

Hence, the buyer's journey comprises of three main stages and these are;

1. Awareness stage.

2. Consideration stage.

3. Decision stage.

In the consideration stage of the buyer's journey, the potential buyer has defined their problem and is actively researching different solutions. This ultimately implies that, the buyer (customer) already knows what his or her problems are and what they need to get to fix the problem (solution).

An employee has enrolled in his company's nonqualified deferred compensation plan. The benefit paid at the time of the employee's retirement is:_______.
A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.
B) taxable as ordinary income to the employee with no benefit allowed to the employer.

Answers

Answer:

A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.

Explanation:

When an employee defers to receive the compensation plan he gets the benefit of lower tax bracket each year, ultimately decreasing his tax liability.

Further when he receives the complete amount his income stands taxable. Accordingly at that time ordinary tax rates as per FICA are applicable.

On the employers part it is only deductible when the employee includes it in the income of the year, and pays tax on such compensation received.

Thus, when he receives it as compensation on retirement it is normally taxable at ordinary rates to the employee and deduction can be claimed by the employer.

In late September, a customer sells 5 XYZ calls for total premiums of $750. One month later, the investor closes this position when the contract is trading at 2. The result is

Answers

Answer:

Loss of $250

Explanation:

As provided the total premiums = $750

That is credit of $750

When closing is done at price of trading = 2

Each call = $200

Closing position of $200 per contract.

Since there are 5 calls, value = $200 [tex]\times[/tex] 5 = $1,000

Thus, there is a debit left of $1,000 - $750 = $250

This concludes that there is a loss of $250.

Complete Part 1 of the assignment by giving three examples of your workplace strengths and explaining each with one or two paragraphs for each strengths​

Answers

Answer:

Some examples of strengths you might mention include:

Enthusiasm.

Trustworthiness.

Creativity.

Discipline.

Patience.

Respectfulness.

Determination.

Dedication.

Explanation:

The nurse instructs a pregnant client regarding fetal growth and development. Which statement indicates that the client requires further teaching?

The nurse instructs a pregnant client regarding fetal growth and development. Which statement indicates that the client requires further teaching?

Answers

Correct/Complete Question:

The nurse instructs a pregnant client regarding fetal growth and development which statement indicates the client needs further teaching?

A. The fetus keeps growing throughout pregnancy

B. The fetus may be underweight if it's exposed to smoke

C. The fetus gets nutrients from Amniotic fluid

D. Fetus it's oxygen from blood in the placenta

Answer:

C, the fetus gets nutrients fro the amniotic fluid

Explanation:

Amnionic fluid provides protection for the fetus as it is what surrounds the fetus. Nutrients and oxygen are gotten by the fetus through the umbilical cord vessels and placenta as against the amniotic fluid stated in the answer.

Cheers.

One disadvantage in a sole proprietorship business when it comes to purchasing expensive equipment is that A : the equipment must be taxed as a personal asset rather than a business asset. B : the amount of available capital is determined solely by the owner’s personal wealth. C : the owner must make the purchasing decision by doing his/her own research. D : the owner is not eligible for loans that would raise capital for the purchase.

Answers

Answer:

B : the amount of available capital is determined solely by the owner’s personal wealth

Explanation:

sole proprietorship is a one man's business which is run and seen as a personal business by the government. Apart from lacking some of the advantages of limited liability as the sole proprietor is fully liable to the extent of his personal belongings and assets should there be a need to pay a debt, there is also the problem of limited capital as the business owner is limited by how much of his personal wealth he wishes to invest into the business

Suppose Garnett and Kennedy own a downtown apartment in tenancy by the entirety. If Garnett dies, what type of ownership does Kennedy now have?

Answers

Answer:

Sole ownership

Explanation:

Sole Ownership is a term that describes a form of property ownership whereby the ownership or interest in a property is completely owned by a single person. Also, the sole ownership of property can be acquired in some other ways, such as transfer of ownership or statutes of intestate succession.

Hence, in this case, If Garnett dies, the type of ownership Kennedy now have is called SOLE OWNERSHIP

Your open-end investment company customer has decided to make automatic reinvestment of dividend and capital gains distributions. This choice will:

Answers

Answer:

Not alter the tax due on the distributions

Explanation:

Open end investment companies are those companies that trades in mutual funds. Money invested in a company is a determinant of an increase or a decrease in shares bought by shareholders. This means that in an open investment company, new stocks are issued when people invest and also buy back the old stocks when shareholders intend to withdrawn their investment.

Where dividends and capital gains are to be reinvested by the investment company, the choice made by them will not alter the tax due on the distributions but it will still be paid upon subsequently redemption.

Suppose initially the demand for towels is given by qd = 100− 5p, and the supply of towels is given by qs = 10p. now suppose that at every price, 20 fewer towels are offered for sale. what is the new equilibrium price in the market?

Answers

The answer is definitely 29

A young investor willing to take moderate risk for above-average growth would be
most interested in:
Mutual funds
Single stocks
Real estate
Bonds

Answers

Answer:

Real estate or Bonds.

Explanation:

Because it says above average growth

What were the recommendations after the outbreak? why do you think these recommendations were made?

Answers

Answer:

free masks for charity

Wear a mask
Social distance

Rosita's Restaurante has sales of $4,500, total debt of $1,300, total equity of $2,400, and a profit margin of 5 percent. What is the return on assets?

Answers

Answer:

6.08%

Explanation:

Rosita's restaurant has a sales of $4,500

The total debt is $1,300

The total equity is $2,400

The profit margin is 5%

=5/100

= 0.05

Therefore the return on assets can be calculated as follows

= profit margin×sales/total debt +total equity

= 0.05×$4,500/($1,300+$4,200)

= 225/3,700

= 0.0608×100

= 6.08%

Hence the return on assets is 6.08%

A unique, nonroutine, important decision requiring conscious thinking, information gathering, and careful consideration of alternatives is a(n)

Answers

Answer:

Non-programmed decision.

Explanation:

A unique, nonroutine, important decision requiring conscious thinking, information gathering, and careful consideration of alternatives is a non-programmed decision.

Generally, when an individual (decision maker) makes a non-programmed decision it is typically considered to be an unstructured decision, original and new to him or her, as such these type of decisions are mainly complex or complicated in nature. An example of a non-programmed decision is the decision made by an individual whether to acquire a business firm from his close associates.

Which of the following is not something the HR specialist will discuss with a new employee?

Answers

Answer:

idk

Explanation:

idk

Tonya lives in Texas. On a trip to Kansas her car broke down in Oklahoma. She used a gas station bathroom but did not buy gas. When she got to Kansas she refueled her vehicle and attended her conference where she ate food and purchased a trinket. She paid a sales tax on the trinket. On her way back she detoured to Colorado and marveled at the beauty of the bighorn sheep and the North American river otter. In which states was Tonya a free rider?

Answers

Answer:

Oklahoma (used a gas station bathroom but didn't by gas)

Explanation:

A free rider is someone that benefits from using a service or a product but that doesn't pay for it. E.g. a person that lives in city A and travels to city B and uses public parks. The parks are financed through taxes paid by residents of city B, since you pay your taxes in city A, you are a free rider in city B.

Her trip to Colorado wouldn't be considered a free ride since the bighorn sheep and the river are things that occur naturally and no one paid to make them.

Firms use​ ________ systems to integrate business processes in manufacturing and​ production, finance and​ accounting, sales and​ marketing, and human resources into a single software system.

Answers

Answer:

Enterprise

Explanation:

An enterprise system is an information system that provides all the units of a  company with coordination and integration of the key business processes. It also helps in resource planning

In your opinion, who is responsible for ethics in a company?

Answers

Answer: Managers

Explanation: Managers are responsible for upholding ethical standards in their own ways.

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