The par value of each share would be $5.00. Par value, also known as "face value" or "nominal value," is the value assigned to a stock or bond by the issuing company.
It is usually a very small fraction of the market value of the stock or bond, and it is used as a reference point to determine the minimum price at which the stock or bond can be sold.
For common stock, the par value is often set at a very low dollar amount, such as $0.01 or $0.001 per share. It is important to note that the par value has no relationship to the market value of the stock, which is determined by supply and demand forces in the market.
This is calculated by dividing the total value of the issued shares ($20,000,000) by the number of shares issued (4,000).
$20,000,000 / 4,000 = $5.00 per share.
Learn more about par value, here https://brainly.com/question/30157327
#SPJ4
Harry runs a small catering business. He takes care of most business activities on his own with the help of a few staff members. He has a limited number of clients. Recently, one of the clients has claimed that Harry has failed to follow the terms and conditions of their business contract. The client is threatening to sue Harry for a breach of contract. Which crucial business function has Harry failed to perform
In drafting the contract and accepting the terms, Harry had to take the advice of an attorney from a small law firm. Now that lawsuit is possible, Harry needs to speak to his lawyer to determine the best course of action.
A lawsuit is a civil court action that one or more parties bring against one or more other parties. Only a small number of statutes that are now in existence use the antiquated term "trial."
When a plaintiff files a civil action in court to obtain legal or equitable release, it is referred to as a "legal action." The default judgement imposes a response requirement on the respondent to the plaintiff's claim. A judgement is rendered in favour of the defendant if the plaintiff prevails.
To know more about Lawsuit here-
https://brainly.com/question/28521301
#SPJ4
g Manju is a full-time exempt employee living in Illinois who earns $60,580 annually and is paid biweekly. She is married filing jointly and has indicated checkbox withholding on her 2020 Form W-4. What is the total of her Federal and state income tax deductions for the most recent pay period
The total of her Federal and state income tax deductions for the most recent pay period is $162.
What is state income tax?In addition to the federal income tax collected by the United States, the majority of individual states in the United States collect a state income tax. Some municipal governments also levy an income tax, which is frequently based on state income tax estimates. Individual income taxes are levied in 42 states and numerous cities around the United States. Eight states have no state income tax, while a ninth, New Hampshire, has a tax on dividends and interest income but not on other types of income. Corporation revenue is taxed in 47 states and several municipalities.
Biweekly payment to Manju = Annually payment / 26 weeks
= $43680 / 26 = $ 1680
She is married with three withholding allowances.
Now, we have to find out that federal tax in the given table range between 1680 to $1700 with 3 allowances.
Federal Tax = $99 (Given)
State Income Tax = biweekly Payment * Rate
= 1680 * 3.75 %
= $63
Total Tax = Federal Tax + State Income Tax
= $99 + $63
=$162
To learn more about state income tax, click
https://brainly.com/question/2733100
#SPJ4
A rise in interest rates of two percentage points will produce the greatest reduction in the present value of which of the following securities?
A. a 20-year Treasury bond
B. a 30-year Treasury bond
C. a 5-year Treasury note
D. a 30-day Treasury bill
The correct answer is :
B. a 30-year Treasury bond
A rise in interest rates can have a significant impact on the present value of a bond. As interest rates increase, the value of a bond's fixed interest payments decreases relatively, which leads to a decrease in the bond's present value. The bond with the longest maturity will have the greatest sensitivity to interest rate changes, so a 30-year Treasury bond would experience the greatest reduction in present value with a two percentage point increase in interest rates.
In contrast, a shorter-term bond such as a 5-year Treasury note or a 30-day Treasury bill would have a smaller sensitivity to interest rate changes, so the reduction in their present value would be less significant.
Read more about bond prices and interest rates:
https://brainly.com/question/27990919
#SPJ4
The average dividend payout and Price / Earnings ratios for NYSE listed companies are 30% and 10X respectively. The dividend payout and Price / Earnings ratios for MCR indicate that this is a:
The correct option is B. Mature companies trade at lower P-E ratios and pay out a reasonable proportion of the earnings as dividends. This is a mature company.
A mature company is an enterprise that is nicely-mounted in its enterprise, with a famous product and a loyal patron following. Mature firms typically face steady competition and show off the slow and consistent boom. Mature businesses also generally tend to pay dividends and can increase profits thru price cuts and performance improvements.
An organization becomes mature whilst it is miles firmly set up and will no longer revel in considerable increase. A mature enterprise is one which has exceeded each of the rising and increase phases of enterprise increase. agencies in these industries tend to be larger, older, and have greater strength.
At the beginning of the industry lifecycle, new products or services find use within the marketplace. Many corporations may additionally spring up looking to benefit from the brand-new product demand. over time, disasters and consolidations will distill the enterprise to the most powerful as the industry maintains to grow.
To learn more about Mature company visit here:
brainly.com/question/15566316
#SPJ4
Complete Question:
The average dividend payout and Price / Earnings ratios for NYSE listed companies are 30% and 10X respectively. The dividend payout and Price / Earnings ratios for MCR indicate that this is a:
A. growth company
B. mature company
C. cyclical company
D. deteriorating company
A salesperson earns a weekly salary of $150 plus a 15% commission of her total sales. Her total sales for the week is $15,000. How much does she earn for the week
Since the sum of a salesperson's fixed wage and commissions, For the week, the salesperson made $2400.
How to calculate salesperson's commission?The salesperson's fixed compensation is $150 each week.
The salesperson's total commission is equal to 15% of his sales.
The salesperson has made $15,000 in total.
We need to ascertain the salesperson's weekly earnings in total. Since the sum of a salesperson's fixed wage and commissions, Her weekly compensation is $150, as far as we know. So, first find out what her sales commission was for that week.
The salesperson's compensation for the week is equal to 15% of the total sales.
Consequently, fifteen percent of all sales are,
y= 15000*15/100
y= 150*15
y= 2250
Therefore, the salesperson's commission was $2250.
s= x+y
s= 150+2250
s= 2400
To know more about fixed wage, visit:
https://brainly.com/question/20414135
#SPJ4
Why is capital important to the production of goods and services?
The assets physical machinery, plants, and tools that enable higher levels of work productivity are referred to as capital. By improving capital equipment productivity, more items can be produced, raising the level of living.
Productivity is a measure of how effectively commodities or services are generated. Productivity is sometimes expressed as a ratio of the entire output to a single input or the total input used in a production process, or output per unit of input, typically over a predetermined time period. The most typical illustration is the (aggregate) measure of labor productivity, where GDP per worker is one example. The choice of a productivity definition (including those that do not relate to ratios of output to input) is dependent on the objective of the productivity measurement and/or the availability of data. The main cause of variability across productivity measures is often (directly or indirectly) connected to how the inputs and outputs are combined to produce such a ratio-type productivity measure.
Learn more about productivity here
https://brainly.com/question/2992817
#SPJ4
100 POINTS!!
Could the price controls on bread have been avoided in some prudent way?
The price controls on bread has not been avoided because Maximum price is reduced on the price of food to make it more affordable, but the limitation is maximum price may lead to less supply in shortage.
What do you mean by Price control?Price controls are those restrictions which was imposed by governments to ensure that the goods and services remain affordable to consumers.
Prices assigned scarce resources. Price controls distort those signals, leading to the inefficient allocation of goods and services. Proper fiscal and monetary policies can reduce inflation without costs imposed by price controls.
Their are many negative effects of price control. By having shortage, they cause people to wait, sometime they cause the quality of products whose prices are controlled to fall, and they can lead to partiality by suppliers.
Therefore, The price controls on bread can not been avoided.
Learn more about Price Control, here;
https://brainly.com/question/1150883
#SPJ1
explain the major step of medical plant processing
Answer:
The primary herb processing steps include drying, size reduction, grinding and sieving. The secondary processing involves extraction with the aid of suitable solvents, concentration and drying.
Explanation:
Hope it helps thank you pa brainliest na rin
________ is the investment in social relations with the expectation of returns in the marketplace.
A) Social capital B) Social stock C) Market stock D) Media capital
Social Capital is the investment in social relations with the expectation of returns in the marketplace.
What do we mean by social capital?
Social capital is a set of shared values or resources that allows individuals to work together in a group to effectively achieve a common purpose. Social capital can also be thought of as the potential ability to obtain resources, favors, or information from one's personal connections.
It allows people to work together and to access benefits from social relationships. Social capital allows modern economies to function efficiently. Our society, economy, institutions, and political system could not exist without social capital.
Learn more about Social Capital:
brainly.com/question/5776271
#SPJ4
Why is a zone of tolerance needed?
The importance of the zone of tolerance is that customers may accept variation within a range of performance and any increase in performance within this area will only have a marginal effect on perceptions
What is the need of zone of tolerance?A "zone of tolerance" (ZOT), which identifies these two levels, depicts the gamut of IS service performance that customers would deem acceptable. In other words, rather than having a single expectation point, IS customer service expectations are defined by a spectrum of values.Customers may accept variance within a range of performance, and any improvement in performance within this range will only have a minimal impact on perceptions. This is the significance of the zone of tolerance.influencing the tolerance range. Range of tolerance is defined by four elements: time, place, situation, and culture.Respect, acceptance, and awareness of the great diversity of the cultures, modes of expression, and ways of being human in our globe are all components of tolerance. Knowledge, openness, and communication foster it.
To learn more about zone of tolerance refers to:
brainly.com/question/536619
#SPJ4
Choose a picture of a family member, a friend, or a person that you admire in business, political, sports entertainment and other industries that motivate you to achieve your dream
Mohammed Ali was a professional boxer, philanthropist, and social crusader whose passion, perseverance, and desire to be the greatest in his area motivates me.
He exemplifies self-actualization, the highest level of Maslow's Hierarchy of Needs, because he not only attained professional achievement but also used his position to promote social change and better the lives of others.
His uncompromising devotion to his ideas and tireless pursuit of greatness served as a continual reminder to never settle for mediocrity and to strive for perfection in all aspects of my life.
What is Abraham Maslow's Hierarchy of Needs Theory?Abraham Maslow's Hierarchy of Needs Theory is a psychological theory that discusses how humans have a certain set of needs that must be addressed in order to achieve the ultimate goal of self-actualization.
Maslow's thesis is based on the idea that we are driven by our basic human needs. Furthermore, if some of our most basic requirements are not addressed, we may be unable to advance and meet our other needs. This may explain why we feel "stuck" or uninspired.
Learn more about Abraham Maslow's Hierarchy of Needs Theory:
https://brainly.com/question/9515872
#SPJ1
Full question:
Choose a picture of a family member, a friend, or a person that you admire in business, politics, sports entertainment and other industries that motivate you to achieve your dream. Be creative wrth your answer. You can send your answer online or you can paste a picture inside.
Describe that person and based on Maslow's Hierarchy of Needs Theory explain how he/she motivates you and your desire to fulfil your dreams needs. Write your answer below.
An investment that generates a series of uniform and equal cash amounts is referred as
A. net present value.
B. future value.
C. cash flow.
D. an annuity.
(D) an annuity. is correct. An investment that generates a series of uniform and equal cash amounts is referred as an annuity.
Given a specific rate of return, or discount rate, the present value of an annuity is the current value of the future payments from an annuity. The present value of the annuity decreases as the discount rate increases.The time value of money, which states that a dollar today is significantly more "valuable" in terms of its purchasing power than a dollar in the future, is the basis for the crucial calculation known as present value .The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, or discount rate, is the future value of an annuity. The future value of the annuity increases with the discount rate.
learn more about investment here:
https://brainly.com/question/14682309
#SPJ4
A man invests $5,200, part at 4% and the balance at 3%. If his total income for the two investments is $194, how much money did he invest at each rate
The total money that he invest at each rate is $1,400 at 3% and $3,800 at 4%.
Let x be the money a person invested in her 3 count and y be the amount she invested in her 4 count. This problem can be modeled by two systems of equations.
1. The income of the first investment is 0.03x$ and the income of the second investment is 0.04y$. If the total income of the two investments is $194,
0.03x + 0.04y = 194.
2. If a man invests his $5,200, he splits it at 4%, the rest he splits at 3%.
x+y=5,200.
3. Get the system of equations.
Represent x from Equation 1 and substitute into Equation 2.
after that
x= $5200 - $3800 = $1400.
Hence,
$1,400 at 3% and $3,800 at 4%.
Know more about investment here:
https://brainly.com/question/15353704
#SPJ4
While common resources are subject to the problem called _________, public goods are difficult to provide because of _________. Group of answer choices
Public goods are challenging to offer because of non-excludability, whereas common resources are vulnerable to the issue of overuse. The overuse of shared resources is a serious problem.
particularly when there are insufficient social management safeguards in place to protect the primary resource. A common resource also goes by the moniker of the open-access resource. Common resources cannot be disregarded, notwithstanding their competition for utilization. smog-filled roadways and air pollution. Public goods commonly overuse common resources because they are not paid for using them. Public goods are products that are broadly available to all people in a society or community and have two distinctive qualities: they are not exclusive and they are not in a competitive market. They are available for use by anyone, and doing so does not limit their availability.
Learn more about Public goods here
https://brainly.com/question/14975509
#SPJ4
The common stock of Porcine Meat Products, Inc., is currently selling at $60 per share. It has a P/E ratio of 12:1 and pays an annual dividend of $3 per share. That would make Porcine's EPS equal to A) $5. B) $36. C) $2. D) $3.
(A) $5. The market price to earnings per share of a stock is calculated using the P/E ratio (EPS). This company's ratio is 12 times earnings.
The profit of a corporation is divided by the number of outstanding shares of its common stock to arrive at earnings per share (EPS). The resultant figure is used to gauge a company's profitability. It is typical for businesses to publish EPS that has been adjusted for unusual expenses and possible share dilution. The more lucrative a corporation is deemed to be, the greater its EPS. Net income, commonly referred to as profits or earnings, is computed as net income divided by the number of shares outstanding. The numerator and denominator are modified in a more complex computation to account for shares that could be produced through options, convertible debt, or warrants.
Learn more about EPS here:
https://brainly.com/question/29316353
#SPJ4
Which of the following is not one of the three sources of technological change? a. increases in human capital. b. better machinery and equipment. c. better means of organizing and managing production d. additional amounts of existing capital.
Additional amounts of existing capital is not one of the three sources of technological change.
What is Capital ?
Capital is the financial resources available to an individual, business, or government to fund their operations. It may refer to money, assets, or any other resources used to generate income, such as investments, labor, or property.Capital can also refer to the value of those resources, or the amount of money available to be used for investments and other activities.
What does Assets means?
Assets are resources that a business owns. Assets can include cash, buildings, vehicles, equipment, land, inventory, and investments. Assets are used to generate income and increase the value of the business. They can be sold to generate cash or used to generate products or services.
Therefore the correct option is D. additional amounts of existing capital.
To know more about Capital,
https://brainly.com/question/23631000
#SPJ4
What are 3 benefits of term insurance?
Term insurance is a cost-effective and reliable way to provide financial security for your family and loved ones. Here are three key benefits of term insurance:
1. Affordable Coverage: Term insurance offers a high level of coverage at an affordable price. This means that you can protect your family and loved ones for less than the cost of other types of insurance.
2. Flexible Terms: With term insurance, you can choose the length of the policy and the amount of coverage that best meets your needs. You can also adjust the policy as your needs change.
3. Tax Benefits: Term insurance policies are often eligible for tax benefits, which can help reduce your overall tax burden. This is an especially important benefit to consider if you are using term insurance to provide financial security for your family or loved ones.
To learn more about insurance, click here:
https://brainly.com/question/25855858
#SPJ4
ou have a $350 public relations budget for the current year. You would like to generate publicity by publishing several ads in the local township newspaper about your store's sponsorship of community activities. The newspaper normally charges $100 per ad but will give you a 30% discount since your message is community service oriented. How many ads can you buy?
You can purchase five advertisements.
What is the calculation?For this case, the first thing we are going to do is define the following variable:
x = number of ads.
We then have the following mathematical expression that models the problem:
(100) * (1-0.3) * (x) = 375
Where,
100: Charges for each advertisement.
(1-0.3): 30% discount per ad
x: number of ads
375: Budget available.
Clearing x we have:
x = (375) / ((100) * (1-0.3))
x = 5.357142857
Nearest whole number:
x = 5
Answer:
You can buy:
x = 5 ads.
Hence, five ads can be bought.
Learn more about public relation budget, from:
brainly.com/question/15503339
#SPJ1
What determines the cost of life insurance?
Factors that determine the cost of life insurance are: mortality, interest, and expenses of the insurance company.
A life insurance policy's premium rate is determined by two basic factors: mortality and interest. The expense component is a third variable that is added to the cost of the policy to cover the operating costs of selling insurance, investing premiums, and paying claims.
Mortality measures the amount at risk. Mortality tables are used to provide a basic estimate of how much money the company will need to pay for death claims each year.
Interest earnings are the second item considered when computing the premium. Companies invest your premiums in bonds, equities, mortgages, and real estate, assuming a set rate of return on these investments.
The third factor to evaluate is the company's operating expenses. Salary, agent commission, rent, legal fees, shipping, and other expenses are estimated by the company. The expenditure loading is the amount charged to cover each policy's portion of operating expenses.
Learn more about life insurance here:
https://brainly.com/question/1373572
#SPJ4
A home seller wants to net $15,000. If he has agreed to pay a 5% commission, the loan payoff is $94,000 and closing costs are $16,000, what must the minimum listing price be
The minimum listing price must be $131,600. Over various types of loans, the standard range of commission for DSAs is between 0.2% and 2%. It all depends on how much credit you are selling to your customers.
For instance, if you acquired credit a client who obtained a personal or corporate loan of Rs. 10 lakhs, you may earn up to 1% of that amount, or Rs. Depending listing on the size of the loan, the commission percentage may increase or decrease. A commission of 1.5% to 3% may be applied to loans worth more than 30 lacs, depending on the institution your firm uses.
To learn more about credit, click here.
https://brainly.com/question/1475993
#SPJ4
A seller decided to back out of a sales contract for no good reason. What recourse does the buyer have
To bring a specific performance lawsuit; Failure to comply with the agreement's conditions constitutes a breach of contract.
Can a vendor terminate a deal without cause?You may be required to perform the contract in accordance with its terms by a court order if you don't finish the transaction and don't have a valid reason to break the agreement. This is known as "specific performance."
What occurs if a vendor breaches a contract?The repercussions for vendors who breach contracts In certain circumstances, a property seller who violates a purchase agreement may be held liable for breach of contract. A judge could mandate that the seller execute a deed and proceed with the transaction.
To know more about breach of contract visit :-
https://brainly.com/question/24259882
#SPJ4
To make your business messages more readable, you can do which of the following?
O Add footnotes.
O Incorporate numbered and bulleted lists.
O Include a bibliography at the end.
O Eliminate white space.
You can Incorporate numbered and bulleted lists to make your business messages more readable.
In business writing, lists with bullets and numbers make the list items easier for readers to perceive and comprehend. List items that are inserted into paragraphs become muddled in a tangle of words. However, text that does not have a recognized group of elements is easier to understand when it is written in paragraphs as opposed to lists with bullets or numbers. This explanation includes advice that will assist you in determining whether to break up business writing into paragraphs and when to use bulleted or numbered lists. Observe these three actions: In your business writing, give each section a title that contains a term or phrase that best describes each item on the list. Determine whether the section calls for any specific references to the key word or key phrase. Avoid using a numbered or bulleted list for the section if the section's key word or phrase does not call for elements. Put the text in paragraph form.
To learn more about business click here
brainly.com/question/15826604
#SPJ4
If explicit data is information that is intentionally shared between a contact and a company, what is implicit data: Information gathered from website activity
Information gathered from a form submission
Information gathered from implied behavior
Information gathered from user behavior
Information gathered from a form submission implicit data: Information gathered from website activity. Always keep an eye on the open rates, click-through rates, and conversions of your emails.
The open and click are two crucial activities to consider when improving your email. Your email Information pushing too hard is one common reason for low click-through rates. HubSpot defines marketing automation as implicit data that is designed to automate marketing activities. In many marketing organisations, repetitive processes like emls, social networking, and other online actions must be automated. These tactics entail having members of your staff act as consultants and subject matter experts who can help clients whenever they need it.
To learn more about implicit data, click here.
https://brainly.com/question/29976946
#SPJ4
The management of Gilbert Inc., an automobile parts manufacturer, has created a separate department to deal with the company's increasing hiring needs. The department hires skilled employees and ensures that all organizational activities are in compliance with government regulations. In the given scenario, the new department created by Gilbert Inc. is concemed with O a. operations management e b. personnel management ec. scientific management e d. finance management
Personal management or self-management skills involve your ability to control your feelings, thoughts and actions.
What does personnel management mean?The activity of managing a company's employees, for example by managing employment records, organizing training, and helping with their problems: Large organizations with substantial personnel management resources tend to grade employees each year.Personnel managers also devise and enforce rules, policies, and procedures. For example, in workplace conflicts, including harassment, personnel managers address the issue. In addition, they create employee guidelines and align employer hiring practices with employment regulations and laws.Personnel management focuses on the maintenance of all personnel and administrative systems, whereas human resource management has a more strategic approach, forecasting the organisation's needs and continuously monitoring and adjusting all systems. Self-management skills are the abilities that allow people to control their thoughts, feelings and actions. If you have strong self-management skills, you're able to set goals independently and take the initiative to achieve them.
To learn more about personnel management refer to:
https://brainly.com/question/25443563
#SPJ4
____ is a typical example of a system requirement for the control category. a. The customer analysis system must produce a quarterly report that identifies changes in ordering patterns b. The system must maintain separate levels of security for users and the system administrator c. The data entry screens must be uniform, except for background color, which can be changed by the user d. The warehouse distribution system must analyze daily orders and create a routing pattern for delivery trucks
Option D is correct. The warehouse distribution system must analyze daily orders and create a routing pattern for delivery trucks is a typical example of a system requirement for the control category.
What is control category?The control category of system requirements refers to the features and functionality that are necessary for a system to effectively manage and regulate its processes and operations. This can include things like security measures to protect sensitive data, system monitoring and management tools, and automation features that allow the system to respond to changing conditions or user input. Other examples of control requirements might include the ability to generate reports and track performance metrics, or the ability to set and enforce access controls to ensure that only authorized users are able to access certain parts of the system. Overall, the control category is focused on ensuring that the system is able to function efficiently and effectively, and that it is able to adapt and evolve over time as the needs of the users and the organization change.
To know more about control category visit:
https://brainly.com/question/30154166
#SPJ4
What is the importance of capital resource to an economy?
The economy may benefit from increased capital resources. This is due to the fact that businesses typically produce more goods and services when they spend more heavily in capital resources.
In order to produce goods and services, a corporation need capital resources, which are man-made resources. Businesses can continue to be productive and provide services to their clients with the help of capital goods. Infrastructure, machinery, and other capital resources are examples. Clean energy projects are paid for with the help of money sources, which are managed by capital providers. For instance, a bank may use the deposits made by its clients as a source of capital; however, in this case, the bank manages the money's investment. All assets created by humans and employed in the production of goods are referred to as capital resources. These resources include things like machinery, buildings, and other things. Any equipment or resource used by a company in the creation of goods or services is referred to as a capital resource.
Learn more about Capital resources here
https://brainly.com/question/30124404
#SPJ4
The Design-Build document that describes the procurement process, forms the basis for final proposals, and becomes an element of the contract is called the:
The RFP is the name given to this document. The potential technical implementation firms will offer a thorough proposal outlining their solution, implementation schedule, cost, etc. based on the RFP.
What else does RFP mean in terms of buying?The procurement document known as a request for bids (RFP) announces and describes a projects or purchase request. Its objective is to solicit quotes from reputable suppliers. Almost everything public institutions and a sizable number of private firms employ RFPs in the procurement process.
What makes the RFP procedure crucial?The RFP procedure aids in obtaining proposals from suppliers and determining which one is most qualified to finish the project. Secure offers from several vendors vwith an effective RFP. You can compare talents and costs with these proposals to pick the best partner in your project.
To know more about RFP visit:
https://brainly.com/question/27402769
#SPJ4
What type of appraisal has a value based upon the property as it stands, with no completed repairs calculated into the value
"As is" appraisal type of appraisal has a value based upon the property as it stands, with no completed repairs calculated into the value.
Economic appraisal is a judgement approach used to evaluate a project, program, or policy that considers a wide variety of costs and benefits that are expressed in monetary terms or for which a monetary equivalent may be approximated.
Economic appraisal is a critical tool for getting value for money and meeting decision accountability criteria. It is a systematic procedure for analysing alternative resource uses, with an emphasis on goals, objectives, alternatives, prices, benefits, risks, funding, affordability, and other decision-relevant aspects. Economic evaluation is a system for describing issues and finding solutions that provide the best value for money (VFM).
To know more about Appraisal here-
https://brainly.com/question/28319917
#SPJ4
Enter the current total of consumer and installment debt (money borrowed for cars, appliances, credit cards, etc.) owed by your parents. (Do not include mortgage debt or other debt already included on this application.)
Consumer debt consists of personal debts that are owed as a result of purchasing items that are used for individual or household consumption. These goods can be purchased for consumption either by an individual or by an entire household.
Consumer debt can take many forms, including credit card debt, school loans, auto loans, mortgages, and payday loans, just to name a few. In contrast to other debts, such as those utilized for investments in the process of running a business or debts incurred by the government as a result of its activities, they are unsecured obligations.
A loan that the borrower is required to repay in predetermined amounts of money at regular intervals is called an installment debt. In most cases, the repayment of an installment loan takes the form of equal monthly payments that comprise both interest and a portion of the principal.
This kind of loan is known as an amortized loan, and in order to obtain one, the lender will need to prepare a standard amortization schedule that outlines the payments that will be made over the course of the loan's term.
To see a similar example:
https://brainly.com/question/29506615
#SPJ4
What are the three 3 important questions that every nation has to answer because of the problems of scarcity?
The three fundamental questions are answered differently in every community, but the issues at their core—scarcity and resource distribution—are universal.
The concept of "scarcity" in economics "refers to the underlying reality that there are finite amounts of both human and nonhuman resources, and that even the best technological knowledge can only be employed to produce finite maximum amounts of each economic commodity." " If the conditions of scarcity didn't exist and "infinite amounts of every good could be manufactured or human desires totally supplied," there wouldn't be any economic goods, or relatively scarce products. Scarcity is the limited availability of an item or service that may be in high demand on the market or among the general population. Another facet of scarcity is one person's inability to buy products. The opposite of scarcity is abundance. Scarcity is important and essential in economic theory.
Learn more about scarcity from
brainly.com/question/26856258
#SPJ4