it provides and exports to other countries
C) Technological singularity
D) A technological barrier
Answer:
A. Technological discontinuity
Explanation:
Technological discontinuity is the process whereby new technologies has technical limits and economic relevance that are greater than those of the old technologies. Whenever there's technological discontinuity, it brings a new range of technological development.
b) influencer.
c) purchasing agent.
d) gatekeeper.
e) consumer.
Answer: B Influencer
Explanation: The family without a doubt is a major influence on the consumer behaviour of its members. There are many examples of how the family influences the consumption behaviour of its members.
The importance of the family or household unit in consumer behavior arises for two reasons:
1. Many products are purchased by a family unit.
2. Individuals’ buying decisions may be heavily influenced by other family members.
How families or households make purchase decisions depends on the roles of the various family members in the purchase, consumption, and influence of products. Regardless of how many family members are present when items are being purchased, the other family members play an important role in the purchase.
For a subsidized Loan Payment Calculation, Brian's monthly payment will be approximately $170.94 and for an unsubsidized loan, the monthly payment will increase to $192.90Correct options:
(a) Subsidized loan monthly payment: $190.76
(b) Unsubsidized loan monthly payment: $215.77
Explanation:
The subject of this question is a mathematical calculation of loan payments, under subsidized and unsubsidized conditions. Brian took a loan of $14,505 in college with an annual interest rate of 7.8%.
Subsidized loan calculation: As the loan is subsidized, the interest does not accrue during Brian's time in college. Hence, the total loan amount remains $14,505. Using standard formulae, we find that the monthly payment with an interest rate of 7.8% over 10 years amounts to approximately $170.94.
Unsubsidized loan calculation: In this case, interest does accrue during Brian's time in school. Hence, the total amount due at the time of graduation will be $14,505 + ($14,505 * 0.078) * 2 = $16,467.78. Using the same formula as above, we find the monthly payment over 10 years is approximately $192.90.Correct options:
(a) Subsidized loan monthly payment: $190.76
(b) Unsubsidized loan monthly payment: $215.77
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Answer:
(a) If Brian's loan is subsidized, the interest on the loan does not accrue while he is in school. Therefore, the loan amount of $14,505 remains the same throughout the 2 years he is in school.
To find Brian's monthly payment after graduation, we need to calculate the monthly payment for a loan of $14,505 at an annual interest rate of 7.8% for a term of 10 years (120 months).
To calculate the monthly payment, we can use the formula for the monthly payment on a loan:
Monthly payment = (Loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
First, let's calculate the monthly interest rate. The annual interest rate of 7.8% needs to be converted to a decimal and divided by 12 to get the monthly interest rate:
Monthly interest rate = 7.8% / 12 = 0.065
Next, let's substitute the values into the formula:
Monthly payment = (14,505 * 0.065) / (1 - (1 + 0.065)^(-120))
Calculating this expression will give us the subsidized loan monthly payment.
(b) If Brian's loan is unsubsidized, the loan will accrue simple interest during the 2 years he is in school. To find the monthly payment for an unsubsidized loan, we need to calculate the interest that accrued during those 2 years and add it to the loan amount before using the formula for the monthly payment.
To calculate the interest that accrued during the 2 years, we can use the formula:
Interest = Loan amount * Annual interest rate * Time
Substituting the values, we get:
Interest = 14,505 * 0.078 * 2
Calculating this expression will give us the interest accrued.
To find the total loan amount after the 2 years, we add the interest accrued to the original loan amount:
Total loan amount = 14,505 + interest accrued
Then, we can use the formula for the monthly payment as explained in part (a) to calculate the unsubsidized loan monthly payment:
Monthly payment = (Total loan amount * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of months))
Calculating this expression will give us the unsubsidized loan monthly payment.
Explanation:
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Answer:
Imprest system
Explanation:
An imprest system is an accounting system where a fixed amount is reserved which needs to be replenished when required after a period of time. The source of the replenishment will be from another source for example from a bank account.
The imprest system only allows a replenishment of the amount that has been spent. For example of a petty cash account has $500 and $300 was spent that month, at the end of the month the $300 spent will be replaced.
Answer:
90 Days
Explanation:
As generally, an insurer has got all the rights to recover from the insurance company, which are enclosed in the insurance agreement.
When there is a group plan and there is discontinuity on the part of carrier then the insurer holds the right to get the service for 90 days, from the date of discontinuity or that of total disability.
This period is define as per the legal terms of an insurance agreement, made under the prevailing laws and regulations.
Secured credit refers to credit that is secured by a piece of security, such as a car or a house. This implies that if you mistake on your repayments, the lender has the legal right to take control of your property.
A vehicle loan, which is a loan used to buy an automobile, is an instance of this. An unsecured debt, on either hand, is something that is not secured by anything.
Because the security offers security, interest rates on secured car loans are often cheaper. Furthermore, these loans usually have set interest rates, making it easy to budget for this outlay and prevent getting behind on repayments.
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Secure credit is credit that is given with a connection to a piece of collateral, such as a car or a home. This means that, if you were to default on your payments, the lender would be legally entitled to taking possession of the collateral. An example of this is a car loan, which is a loan that is used to purchase a car. On the other hand, an unsecured loan is one that is not protected by any collateral. This means that the lender cannot immediately take your property of you default on the loan. An example of this is a credit card.
In the case of a secured car loan, interests tend to be lower because of the security that the collateral (the car) provides. Moreover, these loans tend to provide interest rates that are fixed, which means that it is easier to plan for this expense and avoid falling behind on payments. The risk for the lender is less with a secured loan, as he is able to take the property and resell it if the borrower is unable to repay the loan. On the other hand, credit card are riskier for the lender (the bank) as they are unsecured, and this means that they are unable to immediately take any property from the borrower who did not repay. Because of this high risk, interest rates also tend to be high.