An option trader writes 5 June 255 calls at 3 and 5 June 245 puts at 2. If the trader later repurchases the calls at 4 and the puts expire worthless, the trader's profit or loss will be:

Answers

Answer 1

Answer:

$500 profit

Explanation:

The calls are being made at 4. Therefore, the trader would be receiving

Income = 1000+1500 = $2500

The calls were purchase at 4 and puts expired worthless.

This implies; at 4 = 4×5 = 20

20×100 = $2000

Net profit/loss = 2500 - 2000

Net profit = $500


Related Questions

Which of the following is true of a sole proprietorship? a. A separate tax return must be filed. b. It is not a business entity. c. There is no personal liability for the owner. d. none of the above

Answers

Answer:

b. It is not a business entity

Explanation:

From the answers provided it can be said that the statement that is true about a sole proprietorship is that it is not a business entity. This is because a sole proprietorship is a business that has only a single owner and is not registered as a corporation, partnership or limited liability company. Meaning that there is no separate existence from the owner and the business, causing the business to NOT be a legal entity.

As part of his senior project, Kevin is conducting a survey of eating attitudes and behaviors among young adults. Kevin distributes questionnaires to 150 randomly selected students enrolled in lower-level psychology courses at his university. These students make up Kevin's

Answers

Answer:

sample.

Explanation:

The 150 students that received Kevin's questionnaire are considered the research sample, while young adults in general would be considered the research population. The whole idea behind using a sample is that you can extrapolate the data obtained from the sample to the whole population.

The money interest rate is the percentage of the amount borrowed that must be paid to the lender in addition to the repayment of the principal. The real interest rate reflects the actual burden on borrowers and the payoff to lenders after accounting for the impact of inflation. True or false?

Answers

The given statement is TRUE

Explanation:

When the modification is done in order to remove the results of inflation and to show the real cost of the amount or money that has been raised, or the real yield on the amount of money that is given by the lender is the real interest rate.

When the total amount inclusive of the principal amount that has been borrowed from the lender along with the interest on it is to be paid back, then such interest rate is known as the money interest rate.

Therefore, as per the given information in the question, the statement is TRUE.

The given statement is TRUE

Explanation:

When the modification is done in order to remove the results of inflation and to show the real cost of the amount or money that has been raised, or the real yield on the amount of money that is given by the lender is the real interest rate.

When the total amount inclusive of the principal amount that has been borrowed from the lender along with the interest on it is to be paid back, then such interest rate is known as the money interest rate.

Therefore, as per the given information in the question, the statement is TRUE.

An investor has purchased less than 20% of the common stock available from each of 12 different investees. As part of their financial statements, they provide a report that details the cost and fair value for each of the investments. What is the purpose of this report?

Answers

Answer:

The investor wants to know about the fair value, cost and differences of these two in order to calculate the gains or losses for each of their investments

Explanation:

This helps them to calculate the losses arising because of the share prices fluctuations and best helps in assessing the future risks associated with the investment. This way of analyzing an investment and opting to whether sell or retain the investment is also reffered to as valueing investments on the basis of risks associated with investment. The investors also use this data to assess the performance of their investment in terms of gains and losses by the increase or decrease in the value of investment respectively.

Eureka Pizza is considering investing in new infrared oven technology that allows them to cook their pizzas faster and more completely. Because none of his competitors are making this investment, they will be a first mover. According to the text, what is the biggest issue with Eureka being a first mover?

Answers

Answer:

The risk of being the first mover can be a few. The first and most important of all is the copy effect. Competitors, seeing the success the first mover is having, will try to copy and improve upon said new technique. Another one is that being the first mover is expensive since it is the first one to invest in new techniques. And, with that cost, comes the risk of losing investment in something that we can't know if it will make success because there's no history about it. We can mention regulatory resistance as well since depending on what new technique it is, it can be harder to obtain a regulatory license for it.

A college professor wants to know if the university students in the Unites States will find the new textbook that he has authored to be interesting and useful. He chooses all marketing majors at the school he teaches as his sample. He believes that this group of students will be representative of the university student population in the United States. In this scenario, the professor is most likely using:_______. a. area sampling.b. judgment sampling.c. cluster sampling.d. quota sampling.e. census sampling

Answers

Answer:

b. judgment sampling.

Explanation:

In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.

Final answer:

The professor is using judgment sampling, where the sample is selected based on his own judgment rather than random selection, which often introduces biases.

Explanation:

The college professor's belief that marketing majors at his own school can represent university students across the United States is an example of judgment sampling. Judgment sampling involves the selection of a sample based on the judgment of the researcher, rather than using random or statistical methods to ensure a representative sample. This form of sampling relies on the belief that the chosen sample will be typical or representative of the broader population, though it often introduces various biases and isn't guaranteed to accurately represent the larger group.

Elyon holds a savings account in the Rochester City Bank in the United States. During an economic downturn, the bank suffers great losses. Elyon, however, is insured under the Federal Deposit Insurance Corporation and his savings are protected as the insurance covers his deposit value. Which of the following laws ensured the protection of depositors from a bank's failure?
A. The Sarbanes-Oxley Act
B. The Glass-Steagall Act
C. The Gramm-Bliley-Leach Act
D. The Securities Act

Answers

Answer:

Option B The Glass-Steagall Act

Explanation:

According to the Glass-Steagall Act, the commercial banking was separated from the investment banking. This was made to provide the investor investment security by creation of the Federal Deposit Insurance Corporation.

So here Elyon will be entertained with the imbursement of the amount at the deposit value which the insurance will safeguard the depositor's value due to bank failure.

Answer:

B) The Glass-Steagall Act

Explanation:

The Glass-Steagall Act was passed in 1933 and its main purpose was to divide banking activities into investment banks and commercial banks. Banks had to be either one of them, but they couldn't offer both services. It was finally repealed in 1999 by the Financial Services Modernization Act of 1999 which currently allows banks to provide both commercial and investment services.

The Glass-Steagall Act was extremely controversial at its time and it barely passed because Senator Carter Glass didn't have enough support for his law until Representative Henry Bascom Steagall joined him after the law included the creation of the Federal Deposit Insurance Corporation. The FDIC was created in 1933 just after the law was approved and since then it insures depositors from bank failures.

Because countries have different financial regulations and customs, it is common for MNEs to apply their domestic rules and regulations when doing financial business in a foreign countrya) trueb) false

Answers

Answer:

B) False

Explanation:

Any multinational corporation must follow the laws that apply on the countries that they operate in. Regarding accounting practices, this is fairly simple, since most countries accept International Financial Reporting Standards (IFRS) rules. If the multinational corporation's headquarters are located in the US, the subsidiary will probably have to elaborate two different sets of financial records, one following the US GAAP and the other one following the IFRS guidelines. But that is optional, since the SEC is currently accepting financial statements using IFRS from American multinational corporations. Corporations that only do business in the US cannot use IFRS standards and must use GAAP, the option of using IFRS applies only to multinationals.

Beginning inventory, january 1: $4,000 net sales: $80,000 net purchases: $78,000 the company's gross margin ratio is 25%. using the gross profit method, the estimated ending inventory value would be:

Answers

Answer:

$26,000

Explanation:

Beginning inventory, january 1: $4,000

net sales: $80,000

net purchases: $78,000

If the company's gross margin ratio is 25%. using the gross profit method, the estimated ending inventory value would be derived from the formula -

1. Beginning inventory + Purchases - ending inventory = Cost of Goods Sold.

and

2. Sales - Cost of Goods Sold = Gross profit.

Therefore beginning from 2. If the gross profit is 25%, then the Cost of Sales is 75% of Sales value which is 0.7 x $80,000 = $56,000

Therefore going to formula 1 above, and using 56,000 as the value of Cost of goods sold:

Beginning inventory + Purchases - Ending inventory = Cost of Goods Sold. which implies that 4,000+78,000 - ending inventory = $56,000

Therefore ending inventory = 78,000 + 4000 - 56,000 = $26,000

Answer:

$22,000

Explanation:

cost of goods sold = beginning inventory + purchases - ending inventory

beginning inventory = $4,000net purchases = $78,000COGS = ?ending inventory = ?

COGS = 75% of total sales = 75% x $80,000 = $60,000

$60,000 = $4,000 + $78,000 - ending inventory

ending inventory = $82,000 - $60,000 = $22,000

E-commerce creates a great deal of data on how consumers interact with a website. L.L.Bean keeps records that show how quickly consumers make decisions, how many alternatives they explore, and whether they stop without completing a purchase. When a manager sees an issue and proposes a solution, the company can easily test the solution. This is an example of:________.

Answers

Answer:

evidence based decision making

Explanation:

Evidence made decision making refers to making decisions about issues related to the company or person based on available information gathered through experiential evidence (i.e. things that happened before).

In this case, L.L. Bean has huge amounts of information about their customers and their purchasing habits. When the company must decide about any issue or proposed ideas, they will test those ideas with the information stored at their databases. It is a way of simulating a potential outcome based on existing evidence.

Jerome uses the formula, P = 2DB, to find his approximate six-month premium when his driver risk factor, D, is 1.02 and the basic six-month premium is $500.What will his monthly premium be?

Answers

Answer:

Approximate one-month premium = $170

Explanation:

To find his approximate six-month premium, Jerome uses P = 2DB.

Given,

D = Driver risk factor = 1.02

B = basic six-month premium = $500

We have to find out P = approximate six-month premium.

Putting the values into the formula we can get,

Approximate six-month premium = 2DB

Approximate six-month premium = 2 × 1.02 × $500

Approximate six-month premium = $1,020

Approximate one-month premium = $1,020 ÷ 6

Approximate one-month premium = $170

Answer:

Approximate one-month premium = $85

Explanation:

Bc it has to be!!!

Btw the answer above is wrong

Dynamic Production Services started the year with total assets of​ $120,000 and total liabilities of​ $55,000. The revenues and the expenses for the year amounted to​ $100,000 and​ $80,000, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of​ $50,000. Calculate​ Dynamic's net income for the year.

Answers

Answer:

$20,000

Explanation:

The income statement shows the revenue and expenses of an entity for a period. The difference between the entity's revenue and expenses gives the net income.

The balance sheet on the other hand shows the company's assets and liabilities, the difference of these is the owners equity.

Hence  Dynamic's net income for the year,

= $100,000 - $80,000

= $20,000

Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 a year. If Fly Right were to go out of business, it would be able to rent its plane to another airline for $30,000. Which airline has the lower costs?

Answers

Answer:

the economic cost is the same for both airlines

Explanation:

The economic cost considers both accounting and implicit costs. Fly by Night's economic cost = $30,000 per year which is equal to its annual lease. Fly Right's economic cost is also $30,000, because that is the opportunity cost of using the airplane. If they decided to buy a bigger (or smaller) plane,  they could lease this one at $30,000, so that is its economic cost.  

If ABC 10% bond closed at 101 3/8 down 3/4 for the day and would provide a current yield of 9.87%. The current yield if the bond had been purchased on the previous trading day would be:

Answers

Final answer:

The current yield of the ABC 10% bond if it were purchased the previous day at a price of 102 1/8 would have been 9.79%.

Explanation:

The question revolves around the concept of the current yield of a bond and how it is affected by changes in the bond's market price. Since the ABC 10% bond closed at 101 3/8 and went down by 3/4 for the day, its previous closing price would have been 101 3/8 + 3/4, which is 102 1/8. To calculate the current yield if purchased on the previous day, use the formula for current yield, which is annual coupon payments divided by the market price of the bond.

If the bond's face value is $1,000 and the annual coupon rate is 10%, the annual coupon payment is $100. Purchasing the bond at 102 1/8 (which is $1,021.25 in market price), the current yield would have been:

Current Yield = (Annual coupon payment / Market price) * 100

Current Yield = ($100 / $1,021.25) * 100

Current Yield = 9.79%

On January​ 2, 2019, Kornis Corporation acquired equipment for $ 300 comma 000. The estimated life of the equipment is 5 years or 80 comma 000 hours. The estimated residual value is $ 40 comma 000. What is the balance in Accumulated Depreciation on December​ 31, 2019, if Kornis Corporation uses the doubleminusdecliningminusbalance method of​ depreciation?

Answers

Answer:

$120,000

Explanation:

The computation of the accumulated depreciation for the December 31,2019 using the double -declining method is shown below:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 45

= 20%

Now the rate is double So, 40%

In year 1, the acquired cost is $300,000 , so the depreciation is $120,000 after applying the 40% depreciation rate

Unlike a cost competitive advantage, a sustainable competitive advantage: a. is not attractive because of its durability. b. cannot be copied by the competition. c. lowers costs by removing frills. d. does not offer any low-priced products. e All the Above

Answers

Answer: b. cannot be copied by the competition

Explanation: Sustainable competitive advantage is an advantage that cannot be copied by the competition.

It is difficult for the competition to copy due to the rapid emergence of new products and competitors.

Chevrolet has decided to focus on emergent consumers in the automobile market, which includes those individuals who are graduating from college and either heading off to college or the workforce. Chevrolet is engaging in which aspect of STP marketing?

Answers

Answer:

Targeting.

Explanation:

STP marketing stands for segmentation, targeting and positioning. The STP of a company is how it decides to compete in a market, and is tailored to a business's unique situation.

Chevrolet has decided to focus on emergent consumers in the automobile market, which includes those individuals who are graduating from college and either heading off to college or the workforce.

Chevrolet is engaging in the targeting aspect of STP.

Final answer:

Chevrolet's focus on emergent consumers in the automobile market, such as new college graduates, exemplifies the 'targeting' phase of STP marketing by identifying and appealing to a specific demographic segment.

Explanation:

When Chevrolet decides to focus on emergent consumers in the automobile market, specifically targeting individuals who are graduating from college and who are transitioning either to further education or the workforce, it is engaging in an aspect of STP marketing known as targeting. STP stands for segmentation, targeting, and positioning, three foundational steps in developing effective marketing strategies. In this case, Chevrolet is segmenting the market by identifying a specific group of potential consumers—new college graduates—and then targeting this group with marketing strategies that appeal to their unique needs and aspirations. This approach demonstrates Chevrolet's use of demographic segmentation to tailor its marketing efforts, ensuring that its products resonate with the lifestyles, preferences, and financial situations of emerging adults.

13. The work day has just started and you receive reports that the inventory management server is not accessible on your company's network. You recall that the new network administration assistant was working on that server last night. Which tool can you use to determine if the network administration assistant left that server's NIC disabled?

Answers

Answer:

Server Manager

Explanation:

Based on the scenario being described within the question it can be said that the best tool for this would be Server Manager. This is a management console tool that allows individuals to manage servers from a desktop computer either locally or remotely. This tool will allow you to determine if the network administration assistant left that server's NIC disabled remotely from anywhere with an internet connection.Thus making it the best option.

A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 30 retail clients and 20 institutional clients. FINRA defines this as:

A. an advertisement
B. a solicitation
C. a retail communication
D. correspondence

Answers

Final answer:

The seminar given to investors about hedge fund strategies, as per FINRA's definition, is categorized as a retail communication because it's directed at more than 25 retail investors within a 30-day period.

Explanation:

According to FINRA, the scenario described, in which a representative gives a seminar to 30 retail clients and 20 institutional clients about successful hedge fund strategies, is defined as C. a retail communication. This term is used to describe communications made to more than 25 retail investors within a 30-calendar-day period. The purpose of such a communication is typically to inform and potentially persuade investors about the merits of a particular investment strategy or product. Thus, this would fall under the umbrella of commercial speech, where an entity communicates about its goods or services to consumers.

Charles purchases 20 basketball tickets per year when his annual income is $50,000 and 25 basketball tickets when his annual income is $60,000. Charles’s income elasticity of demand for basketball ticket is ________.a) 0.82, and basketball tickets are a normal good. b) 0.82, and basketball tickets are an inferior good c) 1.22, and basketball tickets are an inferior good d) 1.22, and basketball tickets are a normal good

Answers

Answer:

d) 1.22, and basketball tickets are a normal good

Explanation:

Given that

Q1 = 20

Q2 = 25

P1 = 50000

P2 = 60000

Income elasticity = (Q2 - Q1)/(Q2 + Q1) ÷ (P2 - P1)/(P2 + P1)

therefore,

IE = (25 - 20)/(25 + 20) ÷ (60000 - 50000)/(50000 + 60000)

= (5/45) ÷ (10000/110000)

= 0.11111 ÷ 0.09090

= 1.22.

Normal goods are those goods that demand increases with increases in income. Therefore, in this case basketball is a normal good as there was an increase in demand with increase in income. Also normal goods has positive income elasticity, given that 1.22 is positive, it also indicates that it is a normal good.

Answer:

d) 1.22, and basketball tickets are a normal good

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Elasticity of demand = percentage change in quantity demanded/ percentage change in income

Percentage change in income = (60,000 - 50,000) / 50,000 = 0.5

Percentage in quantity demanded = (25-20)/20=0.25

0.25/0.5 = 1.25

A normal good is a good whose demand increases when income increases and falls when income falls.

It varies directly with income.

An inferior good is a good whose demand increases when income when income falls and falls when income rises.

Because the demand for tickets increases with income, the tickets are a normal good.

I hope my answer helps you

Pell Manufacturing is preparing its direct labor budget for May. Projections for the month are that 33,400 units are to be produced and that direct labor time is three hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May

Answers

Answer:

Direct labor cost= $1,202,400

Explanation:

Giving the following information:

Projections for the month are that 33,400 units are to be produced and that direct labor time is three hours per unit. The labor cost per hour is $12.

First, we need to calculate the total amount of direct labor hours required:

Total numbers of hours= 33,400 units*3= 100,200 hours

Now, we can calculate the total cost:

Direct labor cost= 100,200*12= $1,202,400

Explanation:

Below is an attachment containing the solution

Earnings on pooled investments and changes in fair value of investments are allocated to the participants having an equity interest in the pool in proportion to their relative contributions to the pool.1. true2. false

Answers

Answer:

1) True

Explanation:

Generally pooled investments like mutual funds issue their own shares that basically include the value of all the securities that the pool has invested in. If you invest $2,000, then you are given shares that represent $2,000 in investments. if the value of the investment rises 10%, the value of your shares will increase to $2,200 (10%).

The statement is 1) true; earnings and changes in the fair value of pooled investments are allocated proportionally based on participants' contributions. This maintains fairness and transparency.

The statement is true. This process ensures fairness and transparency in how investment returns and value changes are distributed among participants.

For example, if a participant has contributed $10,000 to an investment pool worth $100,000, they hold a 10% stake.

Therefore, if the pool earns $5,000 in investment income or experiences a $5,000 change in fair value, this participant would receive $500, proportional to their 10% contribution.

This method of allocation helps maintain an equitable distribution of financial benefits derived from pooled investment activities, ensuring that each participant benefits in direct correlation to their level of investment.

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is _______ and her economic profit is _________ Instructions:

a. $700; $400
b. $300; $100
c. $300; negative $100
d. $1,000; negative $1,100

Answers

Answer:

c. $300; negative $100

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total Revenue - Total cost

Total revenue = price x quantity

100 × $10 = $1,000

Total cost = $700

Accounting profit = $1000 - $700 = $300

Economic profit is accounting profit less implicit cost or opportunity cost.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Implicit cost = $20 × 20 = $400

Economic profit = $300 - $400 = $-100

I hope my answer helps you

Final answer:

Linda's accounting profit is $300, calculated by subtracting explicit costs from total revenues. Her economic profit is negative $100, taking into account both explicit costs and the opportunity cost of her time. The correct option is c. $300; negative $100.

Explanation:

First, we need to calculate the accounting profit. Linda sells 100 bottles of homemade ketchup for $10 each, resulting in total revenues of $1,000 (100 bottles * $10 per bottle). The explicit costs, which include the cost of ingredients, bottles, and labels, amount to $700.

Therefore, the accounting profit is calculated by subtracting explicit costs from total revenues: $1,000 - $700 = $300.

Hence, Linda's accounting profit is $300.

To calculate the economic profit, we need to consider both explicit and implicit costs. Implicit costs include the opportunity costs of Linda's time. She could have earned $400 by working at her job ($20 per hour * 20 hours).

The economic profit is calculated by subtracting both the explicit and implicit costs from total revenues: $1,000 - $700 (explicit costs) - $400 (implicit costs) = negative $100.

Therefore, the correct answer is Linda's accounting profit is $300, and her economic profit is negative $100, which corresponds to option c. $300; negative $100.

Which of the following refers to the costs of production that fluctuate depending on the number of units​ produced? A. Total cost B. Contribution per unit C. Markup D. Variable cost E. Fixed cost

Answers

Variable cost refers to the costs of production that fluctuate depending on the number of units​ produced.

Explanation:

The cost of any product that changes based on the quantity of goods that are produced. The volume that is produced decides the fluctuations in the variable cost. Fixed cost is the cost that will not change based on the number of units of the goods that is produced. Rent of a building can be considered as a fixed cost.

Example for variable cost may be raw materials cost, packaging cost,etc. Variable cost can be calculated by adding up the cost of labor and raw materials that are used in the production of one unit of a good. The total variable cost can be calculated by multiplying   variable cost per unit with the number of units produced.

Which of the following completes the sentence, 'A person who shares their views about a product or service, even though they are not affiliated with the company, is referred to as ______'

Answers

Answer:

The correct answer is Citizen advertisers.

Explanation:

An advertiser is the company, organization or individual that pays for an advertising space or time to present an ad or persuasive message to the public. It comes from the Latin verb annunciare which means to announce or make known a story.

The system of presenting the advertisement is known as advertising. Through advertising, advertisers seek to generate greater consumption of their products or services through the "brand", which associates the name of the product or image with certain qualities in the minds of consumers. Advertisers are not always commercial, being able to spend money to advertise other elements than a product or service to the consumer, such as political parties, interest groups, religious organizations and government agencies.

Young children are permitted to work in the manufacturing of soccer balls in Pakistan, but this would not be legal in the United States. However, a company wants to sell these soccer balls in the United States to Kick-Rite Sports Equipment and Kick-Rite is not sure it wants to sell these particular soccer balls. This is an example of a(n) ______ dilemma.

Answers

Answer:

no jodas

Explanation:

Matt tells Ron that the snow boots he is selling offer protection for temperatures of 20° below zero. Ron orders a pair for his trip to Greenland. Upon delivery, Ron sees that the box states "will protect your feet in temperatures down to 30° below zero." The first night's temperature goes down to 27 below. Ron suffers frostbite on all of his toes. Ron then sues for breach of warranty. What is the result?

Answers

Answer:

A) Breach, because the latter express warranty is valid.

Explanation:

Based on the scenario being described within the question it can be said that the result would be a breach. This is mainly due to the fact that the box stated that "will protect your feet in temperatures down to 30° below zero." and this is a valid express warranty that is being marketed by the company that created the product. Therefore since the temperature did not go below 30 and Ron still suffered frostbite then he can rightfully sue.

ToyMax seeks to determine the number of Kanban containers needed to feed a newly established work cell. The cell requires 600 parts over an eight-hour day. Production lead time for the parts needed by the cell is 3 hours and the cell supervisor recommends a safety stock equal to 50% of the cell’s daily production. Assuming a container size of 100 parts, how many containers are needed for the new cell?

Answers

Answer:

5.25 containers are needed

Explanation:

Given:

Total Demand for 8 hour = 600

Safety stock = 50%

Container size = 100

Lead hour = 3 hour

Computation of container required:

Demand for an hour = 600/8  = 75

Safety stock = 50% of 600 = 300

Needed container = [(Demand for an hour x Lead hour) + Safety stock ] / 100

= [(75 x 3) + 300] / 100

= 525 /100

=5.25

Therefore, 5.25 containers are needed

Anita is employed as plant manager for Mojo Industries, Incorporated. Though she spends some time performing all management functions, she is particularly concerned with tactical planning and controlling. Anita's position would be classified as part of Mojo's:

Answers

Answer:

middle management

Explanation:

Based on the scenario being described within the question it can be said that Anita's position would be classified as part of Mojo's middle management. This management level is responsible for leading the line managers as well as junior staff employees and their performance/productivity, including planning and controlling to make sure that everything is running as efficiently as possible.

Tony borrows $1300 at an annual interest rate of 6.0%. He receives the loan on the first day of the current month and will make monthly payments on the first day of each of the following months until the loan is repaid after 24 months (2-year loan). The monthly loan payment is $57.62. How much interest will Tony pay as part of the first loan payment?

Answers

Answer:

Tony will pay interest of $6.50 as part of the first loan payment.

Explanation:

Amount of Loan = $1300

Annual Interest  = 6%

Monthly interest rate = 6% / 12 = 0.5%

Monthly Loan Payment = $57.62

Monthly installment is compromised of the interest payment on the due balance and the principal payment.

Interest payment in first installment = $1300 x 0.5%

Interest payment in first installment = $6.50

Principal portion of first installment = $57.62 - $6.50

Principal portion of first installment = $51.12

Final answer:

Tony pays $6.50 in interest out of his first monthly payment of $57.62 for the $1300 loan at an annual interest rate of 6.0%.

Explanation:

Tony has borrowed $1300 at an annual interest rate of 6.0%, which translates to a monthly interest rate of 0.5% (since 6.0% divided by 12 months equals 0.5%). To calculate the interest paid as part of the first loan payment, we multiply the total loan amount by the monthly interest rate. Therefore, the interest for the first month is $1300 times 0.005, which equals $6.50.

Thus, out of the first loan payment of $57.62, Tony is paying $6.50 towards interest, and the remaining $51.12 will be used to reduce the principal amount of the loan.

Other Questions
Many owners of consulting companies took their own skills and launches businesses by selling those skills to other companies who needed them. This is an example of which of the following factors leading to business ideas?education and expertise Describe in your own words the story of the Highwayman. Americans are breaking away from the authority of religious institutions to find their own self-chosen beliefs. Why is this change a challenge to the past understanding of religious beliefs? How do the changing attitudes toward religious beliefs encourage beliefs in the paranormal? Which of the following is NOT a component of behavior modeling? a. Feedback and reinforcement b. Practice and role-play c. Decisional emulation d. Learning points When you see a blind person pulling in his or her cane and stepping away from the crosswalk, this usually means _________________. A. you may go B. wait and let the blind person go first C. honk your horn to let the person know of your presence Case Study: Parents of a 3-year-old boy noticed that their son had a waddling gait, fell frequently and had difficulty getting up again, and was not able to run. By age five, there was progressive muscular weakness and muscle wasting, and weakness of the trunk muscles led to abnormal posture. By age 9 he was confined to a wheelchair. Contractures appeared, first in the feet, as the gastrocnemius muscles tightened.1. This hereditary X-linked recessive disease characterized by progressive muscular weakness is ______.2. What does dystrophy mean? Why is this term used to describe this case? is 419108 divisible by 4? A 1,000 gallon pool (no top) with a rectangular base will be constructed such that the length of the base is twice the width. Find the dimensions (length, width, and height) of the pool that minimize the amount of material needed to construct it. 1. Which of the following best describes how the narrator,Adam, views Eve throughout most of the story? 1) 4x - 5y = -22-2x + 5y = 26 Volcanic eruptions affect many populated areas. Which pieces of evidence would a geologists use to predict future eruptions? How did Washington's presidency help establish an American identity? f (x) = -3x 4.f (2/3)= !!!!! WILL GIVE BRAINLIEST AND 100 POINTS !!!!!Linda wrote a few steps to describe how carbon circulates between the atmosphere and living organisms. Step 3 is missing. Step 1: Carbon enters the atmosphere as carbon dioxide from respiration and combustion Step 2: Plants use carbon dioxide to make glucose Step 3: Step 4: Animals exhale carbon dioxide Which of the following best describes step 3? a. Dead animals are buried underground and form fossil fuels. b. Carbon present in glucose is converted into oxygen by animals. c. Carbon present in glucose is transferred into plant-eating animals. d. Dead animals decompose and recycle the carbon in the form of carbon dioxide. The temperature at a point (x,y,z) is given by T(x,y,z)=200e^-x^2-3y^-9z^2, where T measured in degrees Celsius and x,y,z in meters. Find the rate of change of temperature at the point P(2, -1, 2) in the direction toward the point (3, -3, 3) Complete the statements below that show y = x2 + 2x - 1 being converted to vertex form. While performing the overhead squat assessment, the personal trainer observes a client demonstrating a low back arch movement dysfunction. Which of the following muscles is probably overactive? Latissimus dorsi The law of segregation deals with which of thefollowing?A. the separation of alleles during meiosisB. the separation of daughter cells duringn mitosisc)the separation of homologous chromosomesduring mitosisD. the separation of homologous chromosomesduring meiosis why did Congress pass the emergency quota act of 1921 How does gore compare Alfred nobles intentions and goals with those of modern society