Interest organisations that are formed largely for economic purposes but participate in political action in attempt to influence government policy.
A Statement of Economic Purpose (FORM 700) would be a state form that requires state as well as local government employees to publicly disclose personal assets as well as income that could be level of service with their official actions.
The National Rifle Association of America (NRA) would be an American second amendment advocacy organization. The contemporary NRA, founded in 1871 to develop rifle marksmanship, has evolved into a powerful gun rights lobbying organization despite continuing to teach weapon safety as well as competency.
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The following best describes the depreciation method used in MACRS-GDS. Declining Balance switching to a Straight Line Declining Balance only Straight Line only Straight Line switching to Declining Balance
Depreciation method used in MACRS-GDS is Declining Balance only.
In the United States, the depreciation method utilized for tax reasons is called the modified accelerated cost recovery scheme (MACRS). The capitalized cost of an item may be recouped over a predetermined time via annual deductions under MACRS depreciation. The MACRS system divides fixed assets into classes with predetermined periods of depreciation.
Depreciation, according to the Internal Revenue Service (IRS), is a tax deduction that enables a firm to recoup the cost basis of particular assets. Deprecation is a yearly provision for a piece of property's wear and tear, deterioration, or obsolescence. Depreciable assets are mostly tangible ones. Similar to tangible assets, intangible assets like patents and copyrights are depreciable.
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please help asap thank you!!!
The total balance of the account in 40 years is $158,426.05.
The amount that Isaiah contributed is $90,000.
The interest that Isaiah earned is $68,426.05
The balance in Isaiah's account is lower than that of Pamela because the Isaiah's investment period is shorter.
What is the total balance?An annuity is when a series of payment is made over a period of time.
The amount of money that has in his account would increase at a compound rate each month. Compound growth is when the amount that Isaiah saves and the interest he has earned increases in value each month.
The formula that can be used to determine the future value in Isaiah's account is:
Future value = Monthly deposit x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
n = number of periods = number of years x compounding period = 15 x 12 = 180 r = interest rate= 7% / 12 = 0.583500 x [{(1.00583^180) - 1} / 0.00583}] = $158,426.05
Total amount contributed = monthly deposit x number of periods
500 x 180 = $90,000
Interest = future value - amount contributed
$262,631.41 - $90,000 = $68,426.05
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Citrus Scents produces body sprays. Variable selling and administrative expense is $1.05 per bottle and fixed selling and administrative expense is $4,500 per month. The company produced 1,490 bottles this month, and sold 1,203 of those bottles. Total selling and administrative expense for the month was
(1.05 * 1,203) + 4,500 = 5,763.15
(Variable selling and administrative expenses * units sold) + administrative expense
Total selling and administrative expense for the month was $5,763.15
In this question, we have been given variable selling and administrative expense is $1.05 per bottle and fixed selling and administrative expense is $4,500 per month.
The company produced 1,490 bottles this month, and sold 1,203 of those bottles.
We need to find the total selling and administrative expense for the month.
Total selling = (Variable selling and administrative expenses * units sold) + administrative expense
= (1.05 * 1,203) + 4,500
= $5,763.15
Therefore, Total selling and administrative expense for the month was $5,763.15
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determine whether each of the following goods is a private good, a public good, a common resource, or a club good. private good public good common resource club good a new drone that you take turns flying with your friends a large, beautiful clock in a park a cabana along a beach that is open to the public
A new drone that you take turns flying with your friends Private Good.
A good that is rival in consumption and excludable is a private good. In this case, your new drone is rival in consumption because two people cannot fly it at the same time. It is also excludable because you, as the owner, can prevent anyone else from using it.
The fact that you choose to fly the drone with your friends does not affect your drone's classification as a private good. Parks and wildlife sanctuaries are examples of paid goods and services. Access to these areas can be controlled at a reasonable cost, and much of the output can be shared among many users.
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Question 2 3 pts A real estate investment trust (REIT) O pays federal income taxes cannot use debt financing retains all of its earnings invests in mortgages or rental properties
possess real estate and derive at least 75% of its gross income by renting it out, paying interest on real estate-related mortgages, or selling it.
What is the REIT interest rate?
Three-year net lease The interest rate beta of 1.5 is significant for REITs. Accordingly, the yield on triple net yield REITs rises by 1.5% for every 1% increase in interest rates (based on the yield on the 10-year Treasury note).
Do REITs benefit from high interest rates?
The share prices of equities REITs have occasionally been impacted by rising interest rates and predictions of upcoming changes in monetary policy. However, increases in interest rates are frequently fueled by economic expansion, which could support future growth in REIT earnings and dividends.
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A reporter collected data on the purchase prices, in thousands of dollars, of 72 cars sold in a region. The following histogram summarizes the reporter's data.
For a presentation on the data collected, the reporter used the median of the distribution to describe the typical purchase price. Which of the following might explain the use of median to describe the typical purchase price?
Between $80,000 and $85,000, there is an outlier. Means are not immune to outliers, but medians are.
How do you define medians?
The middle number in a sorted series of numbers is referred to as the median in mathematics. Ordering the numerals reveals the center one. In descending sequence, the numbers are listed. The middle number, when the numbers are arranged, is referred to as the data set's median.
Why is median significant?
A useful way to determine where a dataset is in the middle is to use the median. You may gain a sense of a dataset's distribution by comparing both median and mean. The dataset is almost uniformly scattered from the mean if both mean and median are equal.
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many service companies have a low variable cost per unit due to a.high fixed costs. b.high labor costs. c.low labor costs. d.low fixed costs.
The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Hence option A is correct.
What is Fixed Cost and Variable Cost ?Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are examples of fixed costs.
Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs. Direct labor, commission, and credit card fees are a few examples of variable costs.
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which of the following causes the budget constraint to make a non-parallel shift inward? the consumer's income goes up. the budget goes up. the consumer's satisfaction goes up. the price of one item goes up
The Budget Constraint will make a non-parallel shift inward if the price of one item goes up (D).
The Budget Constraint is the total amunt of items a person could afford with a limited current budget. Budget Constraint demonstrates the range of choices a person have within the budget he has. Budget Constraint is formed because a person is limited in his consumption pattern by a certain income.
Budget Constraint curve shows the range of choices a person have to choose between 2 objects within his limited income.
Let's discuss the options we have:
Option A: The Consumer's Income Goes Up
The increase of consumer's income means that the consumer will have more budget to spend. The consumer will be able to purchase more units of goods or services and wider extend his budget constraint. This condition will shift the Budget Constraint to the right or outward.
Option B: The Budget Goes Up
The increase in the budget will let the consumer to spend more and purchase more unit of goods than before. This event will move the Budget Constraint to the right or outward.
Option C: The Consumer's Satisfaction Goes Up
When a consumer feels satisfied, he may be willing to give more value to one of objects within his budget constraint. He will be more tolerate to one of the goods and willing to buy it more units even with more money. This condition wil move the budget constraint to the right or outward in a non-parallel shift,
Option D: The Price of One Item Goes Up
When the price of one item raises up, a consumer will change his budget constraint and shift it in a non-parallel manner because the Budget Constraint Equation is changing. The slope of the Budget Constraint will change as the curve shiftted. The Budget Constraint will shift to the left or inward in a non-parallel manner.
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Which of the following core property types includes buildings designed for the temporary storage of goods such as inventory, company records, and excess raw materials?
A) apartment
B) industrial
C) office
D) retail
B
(B) Industrial property includes building designed for the temporary storage of goods such as inventory, company records, and excess raw materials.
What is Industrial property?
All land and structures that house industrial activities like production, manufacturing, assembly, warehousing, research, storage, and distribution are collectively referred to as industrial real estate.
In order to prevent the activity on these sites from interfering with companies or residences, each city has particular areas designated for industrial properties that are depicted on a zoning map.
Any commercial building will have a class grade associated with it, such as Class A, Class B, or Class C.
Class A buildings are often the most recent and highest-caliber buildings on the market.
Class B homes are typically older structures, though they can also be brand-new structures without all the frills.
Class C properties are structures that are often 20 years old or older, have numerous unresolved maintenance issues, and occasionally are situated in undesirable neighborhoods.
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the third screening of the market screening process focuses on blank forces, such as barriers to entry and government controls. multiple choice question.
Government regulations and entry barriers are examples of political and legal issues.
Why do you use the word "market"?Market: A mechanism whereby commodities and services are exchanged as a result of contacts between buyers and sellers, either individually or through intermediaries or institutions. Market makers accept orders from purchasers and then sell stock from their inventories to fill the order after displaying buy and sell prices for a preset amount of stocks.
What does "market" mean in business?A markets is a place where sellers and buyers can meet and trade services and goods. Markets can be real like a store or they can be electronic like an online retailer. Other examples are black marketplaces,
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How do employee surveys benefit companies?.
Increased Retention Employers must perform employee engagement surveys to identify those who are most likely to quit the company early in order to reduce high turnover.
Explain about the Increased Retention?The percentage of people who continue to use your product or service over a specified time period is determined by the retention rate, an important indicator. A high retention rate indicates that your present consumers value your product and are a reliable source of ongoing income.
When a company or product has a high customer retention rate, it means that customers maintain using or purchasing the good or service. When a company or product has a low customer retention rate, customers stop using or buying that product or service.
Profits can rise by up to 95% when you enhance retention by only 5%. Customers are motivated to make purchases from brands they believe in.
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TRUE/FALSE. in the highly competitive fast-food restaurant market, brand name restaurants have a strong profit incentive to maintain high sanitary conditions and avoid any negative consequences.
In the highly competitive fast-food restaurant market, brand name restaurants have a strong profit incentive to maintain high sanitary conditions and avoid any negative consequences. Given statement are True .
What is microeconomics and what is an example?
As the prefix suggests, microeconomics is concerned with the economy on a small scale, such as the economic decisions of individual actors. Here are some microeconomic examples: how a local business decides how to allocate its funds. How a city decides to spend a government surplus.
What are the three fundamental ideas of microeconomics?
Elasticity of demand is one of the three fundamental ideas in microeconomics. Utility and demand at the margins Supply elasticity.
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inventory, by product category quantity per unit cost net realizable value tools: hammers 100 $ 5.90 $ 6.40 saws 290 10.90 9.90 screwdrivers 390 2.90 3.50 paint products: 1-gallon cans 590 6.90 5.90 paint brushes 100 4.90 5.40 required: determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. assuming inventory write-downs are common for ace, record any necessary year-end adjusting entry for each of the lcnrv applications in requirement 1.
1. The carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to
a. individual products $8,563.00
b. product categories $8,897.00
c. total inventory $8,897.00
2. By Individual Product 880.00
by Product Categories 546.00
By total Inventory 546.00
What is net realizable value?Net realizable value (NRV) is the value for which an asset can be sold, less the estimated costs of selling or decommissioning the asset. NRV is typically used to estimate the value of ending inventory or accounts receivable.
Net realizable value is an important indicator in inventory accounting according to generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). Calculating the NRV is critical because it prevents overestimating the value of the property.
NRV follows a more conservative approach in accounting. Conservatism directs accountants to use less profitable valuation methods that do not overestimate the value of assets in situations where professional judgment is required in the valuation of transactions.
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determine the initial valuation of each asset samtech acquired in these transactions. determine the initial valuation of each asset, assuming that immediately after acquisition, samtech demolished the building. demolition costs were $250,000 and the salvaged materials were sold for $6,000. in addition, samtech spent $86,000 clearing and grading the land in preparation for the construction of a new building.
The initial valuation of each asset Samtech acquired in these transactions:
Value to be capitalized = $4,000,000 + $16,000 + $5,000 + $4,000
Value to be capitalized = $4,025,000
Assets Fair value Total percentage Proportional value
1.Land $3,300,000 75% $2,475,000
2.Building $1,100,000 25% $275,000
Total $4,400,000 100 % $2,750,000
Working Notes :
For Land = ($3,300,000 ÷ $4,400,000) = 75%
For Building = ($1,100,000 ÷ $4,400,000) = 25%
Land Improvement = $82,000 + $40,000 = $122,000
Answer 2) The initial valuation of each asset, assuming that immediately after acquisition that Samtech demolished the building:
Entries Amounts
Purchase cost $4,000,000
Add: Title insurance $16,000
Add: Legal fees for drawing the contract $5,000
Add: State transfer fee $4,000
Add: Demolition cost $250,000
Add: Cleaning and grading cost $86,000
Less: Salvage material $6,000
Total Cost of land $4,355,000
Land Improvement = $82,000 + $40,000 = $122,000
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a compensating differential is: a. a difference in wages that offsets differences in working conditions. b. a wage premium for more talented workers. c. the difference in wages between india and the united states. d. a difference in the marginal product of labor.
A compensating differential is: a difference in wages that offsets differences in working conditions.
What does it mean if someone is compensating?
To pay someone money in exchange for something that has been lost or spoil or for some problem: Victims of the crash will be compensated for their wound. SMART Vocabulary: related words and phrases.
Does compensate mean pay?
To compensate someone for money or things that they have stray, means to pay them money or give them something to return those things.
Is compensating a bad thing?
Compensation can cover up either actual or imagined deficiencies and private or physical inferiority. Positive compensations may help 1 to overcome one's struggling. On the other hand, negative compensations don't, which results in a reinforced feeling of inferiority.
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a discount or premium on a forward contract is deferred and included in the measurement of the related foreign currency transaction if the contract is classified as a:
If a forward contract is designated as a hedge of a specific foreign currency commitment, any discount or premium on the contract is postponed and taken into account when calculating the linked foreign currency transaction.
What are forward discount and forward premium?When a currency's forward price is greater than its current spot price, this is known as a forward premium. When the currency's forward price is less than its spot price, a forward discount is present. Find the difference between the forward price and the spot price and divide it by the spot price to determine the forward premium or discount.
What is a forward contract in a foreign currency?In the foreign exchange market, a currency forward is a legally binding agreement that fixes the exchange rate for the purchase or selling of a currency at a future time. A currency forward is simply a hedging strategy that may be customized and does not require an initial margin deposit.
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A monopolist operates in an industry where the demand curve is given by q = 1000 - 20p. the monopolist’s constant marginal cost is $8. what is the monopolist’s profit-maximizing price?
In a condition wherein a monopolist operates at a demand curve of Q=1000-20P, and the marginal cost of the firm is $8, them the price that leads to profit maximization for the seller will be $49.87.
The computation of the price that maximizes the seller's profit can be done using the demand curve function of the firm, as below,
Q = 1000-20P
20P = 1000-Q
P = 50 - 0.05Q
Now, the marginal revenue of the firm will be MR = 50-0.05Q. Substituting the values into the demand curve function,
P = 50-0.05(2.49)
P = 49.87
Therefore, the price of $49.87 will maximize the profits for the retailer.
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question mode multiple choice question the presence of unions tends to multiple choice question. push wages up even for non-unionized workers. push wages up only for unionized workers. push wages down for unionized workers push wages down for non-unionized workers.
Push wages up even for non-unionized workers.
What means non unionized employees?Each Employee who was working for the Company immediately before the Closing and whose employment conditions were not governed by a collective bargaining agreement is referred to as a non-union employee. An employee who is not a member of a union is referred to as a non-union employee.A non-union workplace is one where employees do not organise organisations or make requests on behalf of the whole workforce. The employer or corporate management has the authority to impose rules at work.A strikebreaker is someone who continues to work during a strike (also known as a scab, blackleg, or knobstick). Strikebreakers are often people who were not working for the company before to the labour dispute but were hired following or during the strike to keep the business operating.Learn more about non unionized employees refer to :
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marketers work to determine the key message they want to send to whom?
Marketers work to determine the key message they want to send to The target audience.
Who are the target audience?The target audience can be described as the group of the people that the marketter do target with their productsw, they are the people that serves as the potential customers of the firm.
It should be noted that the function of the marketters are to make sure that the people know about the product of the comapany and make sure thjey were convinced to come and buy the product of the comapany so that the company can make more sales.
Therefore, the second option is correct.
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missing options:
Consumers age 18 to 59
The target audience
The competition
The advertising team
classify the following items as operating investing financing or significant noncash investing and financing activities using the direct method cash payments to employees
a) Operating b) financing c) investing d) operating e) significant non-cash investing & financing f) financing g) operating h) financing i) significant non-cash investing & financing j) financing k) investing l) operating
What are the terms for funding, investing, and operating activities?Cash transactions involving net income are considered operating activities. Cash transactions involving noncurrent assets are considered investments. Cash transactions involving noncurrent liabilities and owners' equity are considered financing activities.Financial statements of a corporation, including the income statement and cash flow statement, can be used to track these operations. Operating operations are different from investing or finance activities, which are roles performed by a business that are not directly associated with the delivery of goods and services.Dividends are considered a kind of finance.The income statement and cash flow statement, in particular, can be seen on a company's financial statements to provide details on these activities.The complete question is Classify the following items as operating, investing, financing, or significant non-cash investing & financing activities, using the direct method.
a) cash payments to employees
b) redemption of bonds payable
c) sale of building at book value
d) cash payments to suppliers
e) exchange of equipment for furniture
f) issuance of preferred stock
g) cash received from customers
h) purchase of treasury stock
i) issuance of bonds for land
j) payment of dividends
k) purchase of equipment
l) cash payments for operating expenses
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Which is the first step in setting a financial goal?
a. setting aside leftover income
b. reducing your spending
c. tracking your spending
d. starting a second source of income
Answer:
All four actually.
Explanation:
In order to reach a financial goal you need to:
1. Save Money
2. Set and manage a budget (usually a monthly budget listing all your known expenses works)
3. Track your spending, and keep managing your budget.
4. Reduce your spending. If you are trying to reach a goal, a great line of thinking is “Only buy what you Need, Not what you Want”
5. If you are trying to reach a set financial goal quickly, then yes, it makes sense to find a secondary source of income, such as a part time job, or start a selling site on EBay, for items you don’t use anymore, etc.
Answer: B. reduce your spending.
Explanation: by not spending money this will allow you to save money for your financial goal.
what are the advantages of expressing labor standards in term of labor dollars? in terms of labor hours?
The time that is expected to be spent on an activity in order for it to be finished is referred to as a labor standard.
A number of benefits come with using hours to gauge labor standards.
It is easier to incorporate quality requirements into job assignments when efficiency is valued more highly than labor cost containment.Even if labor cost measures are used, it is still necessary to calculate labor hours for employees who are paid since this factor affects how much they are paid.Before they can be used effectively, many labor-cost management systems require extensive training. If a manual scheduling method is used, it becomes difficult to determine labor standards in dollars because different employees within each job receive different pay and salaries.There are many advantages to measuring labor standards in terms of money.
Budgetary requirements can be more easily compared to labor standards as a whole because budgets are expressed in dollars rather than hours.Dollars, not hours, are reported in financial operations statements in place of hours.It is possible to separate labor costs by shift and position within each department.Learn more about Labor standards, here
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Who would be best suited to analyze budgets, create reports, explain information to others, and handle internal company procedures and finances?.
Business analyst would be best suited to would be master sorted two analyze budget. Okay, analyze budgets, create reports, explained information cleared reports.
What is procedures and finances in internal company?Business intelligence from management reporting enables executives to make more precise, data-driven decisions. However, the effort put into creating and presenting these reports determines how beneficial they are.
In this blog post, we'll briefly discuss the history and context of management reports before outlining 21 crucial best practices you can apply to make sure your reports are successful.
We'll also look at a few real-world examples produced using contemporary online reporting technologies to see how these approaches are applied. Making eye-catching and practical managerial reports will become second nature to you by the end of this essay. But let's start with the fundamental definition before we get into the specifics.
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What are the 3 things a business plan should do?.
A business plan is an important written document that describes and summarizes the future of your company.
What are the three major purposes of business plan?A Business Plan's purpose is to identify, describe, and analyze a business opportunity or an existing business, examining its technical, economic, and financial feasibility.A business plan's three primary goals are to1) Develop an effective growth strategy.
2) Determine your future financial needs.
3) Attract investors (including angel investors and VC funding) and lenders.
The executive summary is the most important section of the business plan, in my opinion. It must be brief, to the point, and well-written. Many of those who read your business plan will decide whether or not to continue reading based solely on the executive summary.To learn more about business plan refer to :
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fob shipping point requires that the supplier legally retain ownership of the product being shipped until it reaches the destination fob origin requires that the supplier legally retain ownership of the product being shipped until it reaches the destination true false
True: fob shipping point requires that the supplier legally retain ownership of the product being shipped until it reaches the destination.
The terms FOB shipping point and FOB destination designate the points at which the buyer acquires ownership of the goods from the seller. To clarify who is responsible for products lost or damaged during delivery, the distinction is crucial. The timing of the transfer of the items' title is the main distinction between the two contracts. Thus, the given statement is true.
FOB shipping point, also known as FOB origin, denotes that when the goods are loaded onto a delivery vehicle, ownership and responsibility of the goods pass from the seller to the buyer. Title to the goods is transferred from the seller to the buyer FOB destination. When the products are brought to the buyer's designated location.
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Catherine bought 355 shares of trochel office supplies at $31.29 per share. several months later, the price went up and she sold them at $49.88 per share. how much profit did catherine make? a. $28,815.35 b. $17,707.40 c. $6,599.45 d. $11,107.95 please select the best answer from the choices provided a b c d
Catherine bought 355 shares of trochel office supplies at $31.29 per share. Several months later, the price went up and she sold them at $49.88 per share. Then she made a profit of $6599.45.
Profit or loss can be calculated as:
Selling Price - Initial purchase price.
A positive result means gain, a negative result means loss.
Information about the issue:
Number of shares = 355
Imitial purchase price per share = $31.29
Retail Price = $49.88
Earnings or losses per share = selling price - initial purchase price
= $49.88 - $31.29 = $18.59
A positive result means she is profiting from the sale of her shares.
Since she bought 355 shares of her, she needs to multiply the earnings per share by the number of shares. as a result,
Gross Profit = 355 x $18.59 = $6,599.45
therefore, She sold her stock and made a profit of $6599.45
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Answer:
C. $6599.45
Explanation:
took it on edge
A monopolist deciding to engage in price discrimination wants to keep the quantity produced the same (or close to the same) because which of the following is true?
A Revenue will automatically go down with price discrimination.
B Marginal revenue will be greater than price at that point.
C Costs will decrease with an increase in quantity.
D Costs will increase with an increase in quantity.
Answer: D
Option D Costs will increase with an increase in quantity.
Charge discrimination is a microeconomic pricing approach in which equal or largely comparable items or services are bought at distinctive charges through an identical company in one-of-a-kind markets.
Price discrimination is a selling method that fees customers one-of-a-kind fees for the same products or services primarily based on what the vendor thinks they could get the purchaser to agree to. In pure rate discrimination, the seller fees every customer the most charge they may pay.
First-diploma rate discrimination includes promoting a product at the exact rate that each customer is inclined to pay. 2nd-degree rate discrimination objectives corporations of clients with lower costs made viable through bulk shopping. There are 3 kinds of price discrimination: first-diploma or perfect price discrimination, 2d-diploma, and third-degree.
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Our textbook states: "As a general rule, an agreement without consideration will not be an enforceable contract, because consideration is so important as the binding element within a contractual relationship." Research and explain why this is so. In so doing, define and discuss the concept of consideration, including within your discussion the distinction between adequacy of consideration and sufficiency of consideration.
This is an open ended question, so just need to answer it with supporting information and why you think so.
The value that parties to contracts provide and receive is referred to as consideration. Anything of value that is offered by one party to another when entering into a contract is known as consideration.
What are consideration concepts?In its simplest form, a contract is nothing more than a promise that is capable of being enforced by the law.
Bilateral contracts are those where each party makes a promise in exchange for the other's promise, whereas unilateral contracts are those where one party makes a promise and the other executes an act.
These verbal or written promises must be binding under law. In either case, consideration and mutual consent are two fundamental components needed to create a legally enforceable contract.
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on january 1 of this year, olive corporation issued bonds. interest is payable once a year on december 31. the bonds mature at the end of four years. olive uses the effective-interest amortization method. the partially completed amortization schedule below pertains to the bonds:
The interest expense of :
1st year = $3,717
2nd year = $3,702.573
3rd year = $3,687.39
How do you calculate an amortization balance?Start by dividing the loan's interest rate by 12 to obtain the monthly interest rate before calculating amortisation. Then, to calculate the interest for the first month, multiply the principle amount by the monthly interest rate. The main payment amount is then determined by deducting the first month's interest from the monthly payment.If you know the loan's monthly payment, creating an amortization schedule is rather simple. Take the total loan amount and multiply it by the interest rate starting in month one. Then, divide the result by 12 to obtain the monthly interest for a loan with monthly instalments.Learn more about amortization balance refer to :
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Neil's Medicare supplement insurance policy was delivered to him on September 1. Until what date does Neil have an unconditional right to return the policy for a full refund?
October 1
Until October 1, Neil have an unconditional right to return the policy for a full refund.
Refund:
In economics, refund means a reimbursement for an overpayment of taxes by a government taxing authority.
Given,
Neil's Medicare supplement insurance policy was delivered to him on September 1.
Here we need to find at what date does Neil have an unconditional right to return the policy for a full refund.
Here we looking into the given question we have identified that the policy has been take on September 1.
Basically, in all type of insurance policies, an unconditional right to return the policy for a full refund is 30 days.
So, he will refund it on before October 1.
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