Assume that a firm has a $1,000,000 line of credit at an 3.48 percent rate of interest that requires a 19.0 percent compensating balance. If the firm borrowed $799,000 for 1 year, calculate annual effective rate of interest. Round the answer to two decimal places. Please write % sign in the units box. Your Answer:
Answers
The annual effective rate of interest is 3.48% (rounded to two decimal places).
The annual effective rate of interest can be calculated as follows:
First, we need to calculate the amount of the compensating balance that the firm is required to maintain:
Compensating balance = 19.0% x $799,000 = $151,810
This means that the firm can only access $647,190 ($799,000 - $151,810) of the line of credit.
Next, we need to calculate the interest expense on the loan:
Interest expense = $647,190 x 3.48% = $22,516.09
Finally, we can calculate the annual effective rate of interest:
Annual effective rate of interest = (Interest expense / Amount of loan) x (365 / Number of days in loan term)
Number of days in loan term = 1 year x 365 days/year = 365 days
Annual effective rate of interest = ($22,516.09 / $647,190) x (365 / 365) = 3.48%
Therefore, the annual effective rate of interest is 3.48% (rounded to two decimal places).
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Related Questions
centrifuge is a device used to separate solid components .true or false
Answers
Answer: True
Explanation: Hope This Helps :)
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Running a Pareto chart multiple times over a period of time helps to identify
a
Answers
Pareto chart multiple times over a period of time helps to identify:
- Persistent or recurring issues: By analyzing the Pareto chart at regular intervals, trends and patterns can be observed. It helps identify if certain issues or problems consistently appear as the top contributors to the overall outcome. This allows businesses to address and resolve these persistent issues more effectively.
- Changes in priorities: Running a Pareto chart multiple times can help identify shifts in priorities. Over time, the relative importance of different factors or causes may change. By comparing Pareto charts from different time periods, organizations can adapt their strategies and resources to focus on the current priorities.
- Effectiveness of improvement efforts: If improvement initiatives or actions have been implemented to address specific issues identified in the Pareto chart, running the chart again can help assess the effectiveness of those efforts. It enables organizations to evaluate whether the implemented changes have resulted in a significant reduction of the identified issues or causes.
By repeatedly running the Pareto chart, organizations gain valuable insights into ongoing trends, priorities, and the effectiveness of their improvement efforts. This enables them to make informed decisions, allocate resources effectively, and continuously improve their processes.
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in conversation with a korean businessperson who speaks english fairly well, meaghan discovers that much of what she has just said was not understood by the korean. in continuing the conversation, meaghan should
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Meaghan should own responsibility for the misunderstanding and speak plainly going forward.
What is one of the best ways to increase tolerance when communicating with those from other cultures?Active listening has the ability to improve cross-cultural communication. To make sure you comprehend what the other person said, ask a lot of questions and summarise or rephrase it.
Which country business people are most likely to be uncomfortable with silence and impatient with delays?North Americans are also prone to feeling uncomfortable in silence and impatient with delays. Some Asian companies have found that the more they draw out the negotiations, the more concessions hasty North Americans are inclined to make.
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1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%
Answers
Answer:
the amount in the account after 8 years is $954
Explanation:
The computation of the amount in the account after 8 years is shown below"
Given that
The formula for continuously compound interest is
Amount = Principal e^(rate) (time period)
= $750 × e^(0.03)(8)
= $954
Hence, the amount in the account after 8 years is $954
The same is to be considered by applying the above formula
Blossom Company received a check for $28320 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $28320. Financial statements will be prepared on July 31. Blossom's should make the following adjusting entry on July 31:
A. debit Cash, $28320; credit Rent Revenue, $28320.
B. debit Rent Revenue, $4720; credit Unearned Rent Revenue, $4720.
C. debit Unearned Rent Revenue, $28320; credit Rent Revenue, $28320.
D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.
Answers
Answer:
D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.
Explanation:
When the Cash was received for 6 month`s Rent the entry was :
Debit : Cash $28320
Credit : Unearned Rent Revenue $28320
At 31 July when 1 month`s rent expires the entry will be :
Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720
Credit : Rent Revenue $4,720
thus
We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.
_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital
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The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.
Par value can be explained as the value of a single common share which is been specified by corporation's charter.This cannot be been related to the actual value of the shares.Therefore, par value is the correct term.
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HELPP! In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was $10,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending?
Answers
The total amount of the investment spending is $2,236 billion.
What is an investment spending?An investment spending means the private domestic investment or capital expenditures.
The formula for Investment spending is I = GDP − C − G − NX.
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion - (-$568 billion)
Investment spending = $14,991 billion - $10,729 billion - $2,594 billion + $568 billion
Investment spending = $2,236 billion.
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A multistep income statement is useful to financial statement users because it ______. (Select all that apply.)
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A multistep income statement is useful to financial statement users because it: Provides a much greater detail about an account than simple income statement.
What is a Statement?
A Statement is an expression of word or something either in verbal form or written form.
In a multi-step income, it provides a clearer detail about an account than an income statement.
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Which of the following formulas will correctly calculate Net Working Capital?A) Cash + Inventory + Receivables + PayablesB) Cash + Inventory + Receivables - PayablesC) Cash + Inventory - Receivables + PayablesD) Cash - Inventory + Receivables + Payables
Answers
The correct formula to calculate Net Working Capital is option A) Cash + Inventory + Receivables + Payables.
Net Working Capital is the difference between current assets and current liabilities. In this formula, cash represents current assets, inventory represents current assets, and receivables represent current assets. Payables, on the other hand, represent current liabilities. By subtracting current liabilities (payables) from current assets (cash, inventory, and receivables), we obtain the net working capital, which reflects the company's short-term liquidity position.
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If running a cable tv ad seven times daily for a week generated 1,800 ticket sales, how long should the stadium run the cable ad in order to reach a target of 27,000 tickets?
Answers
Answer:
15 weeks
Explanation:
They run the add 7 times per 1 day for a week (7 days) which makes $1,800
1800/7=257.14 /7 again for 7 times that day =$36.73
They make $36.73 per one ad.
1800*15=27,00 so it would take 15 weeks to sell the 27,000 tickets
if $10,000 is invested at 7% annual interest, which is compounded continuously, what is the account balance after 8 years, assuming no additional deposits or withdrawals are made?
Answers
The account balance after 8 years when 10,000 is invested for 8 years is $85,800.03.
What is the account balance?When an amount is compounded continusoly, it means that the amount invested and the interest that has already been accrued increases exponentially over the course of the investment period.
The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
A= amount e = 2.7182818 N = number of years r = interest rateFV = $10,000x (2.718^ 0.07) x 8 = $85,800.03
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Answer: $17,506.72
Explanation:
If an account is being continuously compounded, the following formula can be used
A = Pe to the power of rt
where:
P = principal balance = 10000
r= APR = 7% = 0.07
t = number of years - 8
Solve for A, the account balance after 8 years:
A = 10000e to the power of 0.07(8)
A = 10000 e to the power of 0.56
A = 10000(1.750672)
A = 17506.72
Your employer wants to analyze data that come from other sites, such as measuring where people have come from to get to your company’s site. what would you recommend that your company use to determine how people searched the internet to find its products?
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I would recommend that your company use a web analytics tool such as Adobe Analytics, or a similar product to measure the incoming traffic to your site.
What is company?
A company is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Companies are separate from their owners and managers, and exist as a distinct legal entity. They can enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Companies are typically created to pursue and capitalize on business opportunities, and to provide goods or services to customers at a profit. Companies can be structured in various ways, including corporations, partnerships, and limited liability companies.
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The Architecture and Construction career cluster is a group of careers focused on
O designing, constructing, and maintaining buildings and other structures,
O assembly of buildings and structures.
O designing and planning buildings.
O identifying the safety standards for building regulations.
Answers
The correct answer is Designing, constructing, and maintaining buildings and other structures.
Explanation:
A career cluster groups different careers related to the same area of knowledge and similar applications. In the case of architecture and construction, this includes careers such as architecture, civil engineering, carpentry, paving operators, etc. Moreover, these careers are all related to creating buildings or structures, which involve designing or planing the structures, then constructing them, and finally, dealing with the maintenance of the building. This includes the creation of houses, bridges, roads, etc.
Answer:
answer is A
designing constructing, and maintaining buildings and other structures.
Explanation:
hope this helps!
Imagine a friend, who has a degree in business information management and certifications in IT, is looking for a job in a large multinational company or a consultancy firm. Research online and inform your friend about any three of the available career options and their related job descriptions.
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Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
Answer:
I researched online and found the following career options in business information management. Here are the job descriptions for each of the three careers.
Information manager: An information manager is required to analyze and implement information solutions for companies. The job description includes the following tasks:
Provide information on the latest trends in information management.
Develop and maintain online portals on information management.
Analyze information and implement solutions based on the analysis.
Provide training to those who use the implemented information.
Attend review meetings on information management and contribute ideas/opinion.
Update one’s own knowledge on information management by attending seminars and work groups.
IT consultant: IT consultants advise managers on how to develop new IT-enabled solutions. The job description includes these tasks:
Assess the performance of existing business systems.
Draw up strategic plans and implement new business processes.
Train employees on implemented IT solutions/business processes.
Propose solutions for organizations that want to improve their software systems.
Install data networks and provide support for troubleshooting.
Management trainee: Management trainees usually follow a two-year “on the job” training and continue their career in a management position. Their job description includes these tasks:
Perform tasks in response to instructions from seniors.
Get trained on the allotted work and department.
Track own performance progress and set performance goals.
Get acquainted with operations, management system, and company policies.
Explanation:
PLATO
a company uses its company-wide cost of capital to evaluate new capital investments. what is the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs?
Answers
A company uses its company-wide cost of capital to evaluate new capital investments, the implication of this policy when the company has multiple operating divisions, each having unique risk attributes and capital costs may lead to incorrect decisions
A company-wide cost of capital may either overestimate or underestimate a division's cost of capital. In such situations, a company should estimate the division's cost of capital separately to make accurate investment decisions. This approach requires an understanding of the risk-return profile of each division to determine the required return on investment. The division's risk profile must be assessed using a risk analysis, and its cost of capital must be calculated using the division's particular risk-adjusted WACC (Weighted Average Cost of Capital).
The division's cost of capital must be used to analyze and evaluate the projects. If the company is unwilling or unable to calculate the division's cost of capital, an alternative approach is to adjust the cost of capital for each division. However, the adjustment must be based on the estimated level of risk of the division and the overall risk of the company. Finally, the company should use an appropriate cost of capital for each investment opportunity rather than a company-wide cost of capital. So therefore when a company has multiple operating divisions with varying risk attributes and capital costs, using a company-wide cost of capital to assess new capital investments may lead to incorrect decisions.
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Crowdsourcing is: O a phenomenon whereby firms can make money by offering a near-limitless selection. O finding a way to acquire more content for consumers. the act of taking a job traditionally performed by a designated agent and contracting it out to an undefined generally large group of people in the form of an open call. an industry practice whereby content is available to a given distribution channel for a specified time period or 'window, usually under a different revenue model. a classification of software that monitors trends among customers and uses this data to personalize an individual customer's experience.
Answers
Crowdsourcing is the act of taking a job traditionally performed by a designated agent and contracting it out to a large group of people through an open call.
Crowdsourcing refers to the practice of outsourcing tasks or projects to an undefined and often large group of individuals through an open call. It involves taking a job that was traditionally performed by a specific agent or entity and distributing it among a diverse crowd of contributors. This approach allows organizations to tap into the collective intelligence, skills, and resources of a crowd to achieve their goals.
Crowdsourcing can be applied in various contexts, such as idea generation, problem-solving, content creation, data collection, and more. By leveraging the power of a crowd, organizations can benefit from a diverse range of perspectives, expertise, and creativity that may not be available within their own internal resources. Crowdsourcing enables access to a larger pool of talent, reduces costs, increases efficiency, and fosters innovation through the collective efforts of the crowd.
Overall, crowdsourcing offers a way for organizations to engage a broader community and leverage their collective contributions to accomplish tasks and achieve objectives that would be challenging or costly to accomplish solely through traditional means.
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20 POINTS AND WILL GIVE BRAINLY
PLS ANSWER
Answers
Explain the importance of leisure activities.
Answers
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
All of the following describe characteristics of organizational change EXCEPT
O a. an organization may resist change.
O b. an organization may promote change.
O c. change is inevitable.
O d. resistance to change should be eliminated.
o e. resistance to change is inevitable.
Answers
All of the following describe characteristics of organizational change EXCEPT d. resistance to change should be eliminated.
What is an organization?An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
An organization is a formal gathering of people, such as a business, charity, political party, or club. The majority of these specialty schools are run by nonprofit institutions. ... an International Labor Organization report. Synonyms: organization, firm, party, or body Additional words for organization
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Which two sentences use words that have a positive connotation?
1. The determined CEO increased the profits this quarter.
2. The bossy manager pushed his team to meet the deadline.
3. The self-confident team leader made a good impression.
4. The company’s cheap measures saved the investors millions.
5. The arrogant executive was immediately hired
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The two sentences which use words that have a positive connotation are Options 1 and 3.
What exactly does a favorable connotation imply?A positive connotation is a favorable or positive association with a specific word. In this context, the meaning makes the word appear cheerful or affirmative.
The opposite is true with a negative connotation. Connotation is a technique used by writers to produce emotional associations that might be good, negative, or neutral.
The word has a positive connotation. Words that elicit a positive emotional reaction. Using terms like "go-getter" and "youthful" to describe someone who is ambitious or vivacious and curious.
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What the possible careers in Law
Answers
Answer:
Types of Law Careers. Banking and Insurance: Administrative Law Officer, Specialist Law Office. Public Prosecutor. State-Level or Local-Level Judge.
PLEASE MARK ME BRAINLIEST.THIS IS FOR EDGE BUSINESS TECH PLEASE ANSWER ALL QUESTIONS (6) !!
1. Describe two trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 4.0 points)
2. Make a list of at least 5 business ideas that interest you. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better for you than the others. (2-6 sentences. 3.0 points)
3. Visit the Web site for a well-known company, and find the section that states its mission. What is the company's mission? How does the mission relate to the type of products the company sells? Did anything surprise you about the mission? Why or why not? TIP: If the company's Web site doesn't describe its mission, choose a different company. (1-5 sentences. 3.0 points)
4. Visit the Web site for a different well-known company, and find the section that lists the company's values. What are the company's values? How do they relate to the products the company sells? Did anything surprise you about the company's values? Why or why not? TIP: If the company's Web site doesn't describe its values, choose a different company. (1-5 sentences. 3.0 points)
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answers
Marketing trends for the current market are related to innovation, such as the digital market, with the sale of infoproducts through influencer marketing.
What is influencer marketing?It is an approach on the rise that originated due to the sharing of information on digital platforms. It consists of strategies for engaging a person on the internet, generating trust in their opinion about a product and brand, promoting it.
Based on influencer marketing, some business ideas that can be profitable in today's market are:
Selling online coursesDigital marketing consultancyDigital influencerDigital designerMarketing agencyTo stand out in a competitive and globalized market, it is essential that the company develops its values and mission in line with its objectives and promoting the brand's socio-environmental responsibility.
Therefore, the use of marketing tools such as SWOT analysis will help an organization to be positioned in the market, by expanding the vision of the micro and macro environment.
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which fund would report the amount of bonds payable that are due within one year?
Answers
The current liabilities fund (or current portion of the long-term debt fund) would report the amount of bonds payable that are due within one year.
Current liabilities are short-term obligations that are expected to be paid within a year or within the normal operating cycle of a business, whichever is longer. Bonds payable that are due within a year are considered a current liability and would be reported on the balance sheet in the current liabilities section.
The purpose of distinguishing between current and long-term liabilities is to provide information about a company's short-term liquidity and ability to meet its current obligations. The current portion of long-term debt is a subcategory of current liabilities and includes the portion of long-term debt that is due within one year.
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Select the correct answer.
All of the following are intended purposes of differentiated marketing EXCEPT
A.
To create brand loyalists
B.
To increase sales
C.
To save advertisement costs
D.
To generate referrals
Answers
Answer:
Explanation:
To save advertisement cost
Which of the following is an advantage of starting your own business?
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Answer:
The most common reason people launch their own business is to be their own boss. Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community. Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.
Explanation:
15. The word tourism first referred to which of the following? (1 point)
Oa theatrical voyage
Oa ship used by pirates in the Caribbean
O a traditional Austrian dance
O a gift given to a hostess
Answers
The word tourism was first referred to as a theatrical voyage. So, option (a) or (i): theatrical voyage is the correct answer.
Why is tourism referred to as a theatrical voyage?Many tourist places in China have quickly established theatrical performances; yet, little research has been done in this crucial field.
The tour de France, a great tour, conducted by young nobility during the 16th and 18th centuries, was an early form and predecessor of modern tourism.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Type in a sentence using the word Financial planning wrong
Answers
Explain the role audit committee plays in the company
Answers
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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i like work at a besiness
Answers
Answer:
OK??
Explanation: Up at answer