You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How

much will you owe on the maturity date?

Answers

Answer 1

Answer:

$3,088.80  

Explanation:

Note that the loan is meant for 120days , however, the interest rate quoted is on an annual basis, hence, the interest for 120 days is 2.96%  ( 9%*120/365).

It is equally important to note that at maturity the loan principal and the interest accrued thus far for 120 days are repayable to the lender as computed below:

total repayment=$3000+($3000*2.96% )

total repayment=$3000+$88.80  

total repayment=$3,088.80  


Related Questions

The use of property, plant, and equipment and intangible assets represents a consumption of benefits, or service potentials, inherent in the assets.

a. True
b. False

Answers

Answer:

a. True

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.

The use of property, plant, and equipment and intangible assets represents a consumption of benefits, or service potentials, inherent in the assets.

Generally, the cost associated with these service potentials or inherent consumption benefits should be considered or recognized by the business firm as expenses over the specific period they are used to generate revenue for the business.

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please help me, I'll give brainliest

Answers

Answer:

600

Explanation:

The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.

Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.

Answers

In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

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What kinds of strategic filters should you have?

short term and long term
strategic and tactical
operational and philosophical
quantitative and qualitative

Answers

Answer:

quantitative and qualitative

The strategic filters you must have are quantitative and qualitative filters.

What are strategic filters?

They correspond to criteria for evaluating initiatives that must have high or low priority in the formulation of strategic planning, being essential for an organization to achieve competitive advantages and market positioning. Some examples are:

Customer needs assessmentOrganizational strengths and weaknessesFinancial feedback

Therefore, strategic filters will help guide management, helping a company to identify which course of action must be taken to achieve success in the market.

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3.15. Writing Skills Problem Income statements are presented for the Elf Corporation for the years ending December 31, 2016, 2015, and 2014. Elf Corporation Income Statements for the Years Ending December 31, 2016, 2015, and 2014 (in millions) 2016 2015 2014 $700 350 $350 $650 325 $325 $550 275 $275 100 Sales Cost of goods sold Gross profit Operating expenses: Administrative Advertising and marketing Operating profit Interest expense Earnings before tax Tax expense (50%) Net income 100 50 $200 70 $130 65 $ 65 100 75 $150 50 $100 50 $ 50 75 $100 30 $ 70 35 $ 35 Required: Write a one-paragraph analysis of Elf Corporation's profit performance for the period. To the Student: The focus of this exercise is on analyzing financial data rather than simply describing the numbers and trends. Analysis involves breaking the information into parts for study, relating the pieces, making comparisons, drawing conclusions, and evaluating cause and effect.

Answers

Elf Corporation's profit performance for the period has improved over the three years. In 2016, sales increased to 700 million and cost of goods sold decreased to 350 million, resulting in a gross profit of 200 million.

What is Profit ?

Profit is the difference between the amount of money a business takes in from sales and the amount of money it spends on expenses. It is the financial gain a company makes when it sells goods or services for more than it paid to produce them. Profit is the incentive for companies to take risks and develop new products and services, hire employees, and invest in technology and other resources. Profit is essential for businesses to maintain and grow, and it is used to reward shareholders and owners for taking the risk to establish and operate the business.

Operating expenses decreased to 130 million, and interest expenses remained the same at 65 million, leading to an operating profit of 35 million. After accounting for the tax expense of 50%, the net income was 25 million. This is a significant increase from 2015, when net income stood at 50 million, and 2014, when net income was only 35 million.

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A stadium is considering an offer from Mass Insurance to change the name to Mass Stadium. The company is offering to pay $1,000,000 per year. If the stadium already receives $250,000 from music promotions and accepts this offer, how much will it receive in sponsorship rights each year in total?

Answers

Answer:

b) 1,250,000

Explanation:

1,000,000+ 250,000 = 1,250,000

According to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.

What do you mean by the sponsorship?

The act of monetarily or by the giving of goods or services supporting an occasion, activity, person, or organization is known as sponsoring something (or someone). The sponsor is the person or entity that offers the support; it functions similarly to a benefactor.

An organization sponsors an event when it offers financial support in exchange for marketing benefits. Sponsorships may involve a financial payment in exchange for property or a barter transaction including goods or services.

A brand or affiliation with a firm is promoted in exchange for corporate financial assistance from an organization, person, or activity, which is known as sponsorship. Of sure, sponsorship can raise your brand's value.

Here,

Company pay = $ 1,000,000

Advance amount = $ 250,000

Total sponsorship = $ 1,000,000 + $ 250,000 =  $ 1,250,000

Therefore, according to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.

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Resources are limited in
_________?

Answers

Answer:

A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.

Explanation:

If productivity increases significantly and demand is not very elastic, what is likely to happen?
A.
The number of consumers will increase.
B.
Fewer workers will be needed.
C.
Division of labor will decrease.
D.
Demand will increase.

Answers

If demand is not elastic D

Answer:

B

Explanation:

:)

You intend to endow a scholarship that pays ​$7 comma 000 every 6​ months, starting 6 months from now. If the appropriate discount rate is 2 ​% per​ 6-month period, how much money will you have to donate today to endow the​ scholarship?

Answers

The money that will a person have to donate today to endow the​ scholarship is $116,666.67.

What is the scholarship?

A scholarship is defined as a type of money given to students for additional education. Scholarships are typically given out based on a number of factors, including academic excellence, diversity and inclusion, athletic ability, and financial need.

Computation of scholarship donation:

According to the given information,

Semi-annual payment for scholarship = $7,000 every 6 months

Discount rate = 6% per 6-month period

Then,

Amount to be donated today = Semi-annual payment / Discount rate

Amount to be donated today = $7,000 / 6%

Amount to be donated today = $116,666.67

Therefore, a person will need to donate in a scholarship $116,666.67

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Al Darby wants to withdraw $21300 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 11% compounded annually?

Answers

Answer:

PV= $78,722.61

Explanation:

Giving the following information:

Annual pay= $21,300

Interest rate= 11%

Number of periods= 5 years

First, we need to calculate the future value of the payments:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {21,300*[(1.11^5) - 1]} / 0.11

FV= $132,652.17

Now, the initial deposit:

PV= FV/(1+i)^n

PV= 132,652.17/1.11^5

PV= $78,722.61

Prove:

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (78,722.61*0.11) / [1 - (1.11^-5)

Annual withdraw= $21,300

Demand is forecast for the next five months as 200, 300, 500, 300, 200. If the production planner decides to adopt a level strategy over the next five months, what quantities of products should be produced?

Answers

Answer:

The quantities of products that should be produced each month are:

300, 300, 300, 300, and 300 respectively.

Explanation:

a) Data and Calculations:

Production Scheduling Based on Level Strategy:

                                  Month 1  Month 2  Month 3  Month 4  Month 5  Total

Beginning Inventory         0         100         100           -100        -100             0

Production                    300        300         300           300        300      1,500

Forecast Demand        200        300         500           300       200       1,500

Ending Inventory          100         100         -100          -100            0              0

b) The implication is that the firm will be running in shortage for two months within the five months period.  This is not ideal to meet customers' demands.  It appears very costly with the holding and shortage costs throughout the period.

Different investments have different levels of ------ and offer different rates of return. For example, investing in property ------ than investing in bonds.


only give plato answer

Answers

Different investments have different levels of risk and offer different rates of return. For example, investing in property is more risky than investing in bonds.

What are Risky investment?

Basically, an investment refers to the dedication of money/value to purchase of an asset in order to attain an increase in value over a period of time.

The risk associated with an Investment means the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. It could also means the the level of uncertainty of achieving the returns as per the expectations of the investor.

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Compute ending inventory and cost of goods​ sold, using each of the following​ methods: Specific unit​ cost, assuming two ​$58 units and four ​$68 units are on​ hand; Average cost​ (round average unit cost to the nearest​ cent); ​ First-in, first-out; and​ Last-in, first-out.

Compute ending inventory and cost of goods sold, using each of the following methods: Specific unit cost,

Answers

Compute ending inventory and cost of goods​ sold-----------. The ending inventory and cost of goods​ sold, $8,800 and $12,200.

What is an inventory?

An inventory refers to a detailed list of items, goods, or materials that a company or organization holds in stock or has available for sale. The purpose of an inventory is to keep track of what goods are on hand, how much of each item is available, and where the items are located.

The inventory is an important component of managing a company's operations, as it can impact a company's profitability and customer satisfaction.

In the above case. The ending inventory and cost of goods​ sold, $8,800 and $12,200.

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If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =
$120000. The Long-term debt equal

Answers

Answer:

C

Explanation:

If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =

$120000. The Long-term debt equalj

During lunch time, customers arrive at a postal office at a rate of lambda equals 36 per hour. The interarrival time of the arrival process can be approximated with an exponential distribution. Customers can be served by the postal office at a rate of mu equals 45 per hour. The service time for the customers can also be approximated with an exponential distribution. For each of the following questions, show your work and use the right notation.

Required:
Determine the utilization factor.

Answers

Answer:

the utilization factor is 4 ÷ 5

Explanation:

The computation of the utilization factor is shown below:

given that

Customer arrives at the rate of λ equivalent to the 36  per hour

And, Customers can be served by the postal office at a rate of μ equivalent to the  45 per hour

λ = 36 / hour

μ = 45 / hour

Now utilization factor is

P = λ ÷ μ

= 36 ÷ 45

= 4 ÷ 5

Thus, the utilization factor is 4 ÷ 5

Question 3 of 10 A business would like to increase consumer demand for a product that has not been selling well. According to the law of demand, how could the business accomplish this goal? A. By decreasing the supply of the product B. By increasing the supply of the product C. By selling the product at a lower price D. By selling the product at a higher price SUBMIT It's C​

Answers

Answer: b

Explanation:

Answer:

The answer is "By selling the product at a lower price"

Explanation:

Just took the test

Based on this​ information, you can say that the overall​ "price level"​ ___________. A. remained unchanged during the year since the average price for the three goods stayed the same at $ 7.33. B. increased since cashews are now more expensive than almonds and pecans. C. stayed the same since the price of cashews increased but the price of almonds fell. D. there is not enough information to determine the change in the overall price level.

Answers

Answer:

D. there is not enough information to determine the change in the overall price level.

Explanation:

A price level is the average of current prices across the entire spectrum of goods and services produced in the economy.  To determine the price level, information about current and past period's prices of a basket of goods and services is needed to be compared.

It is only the availability of two or more sets of such information that will enable a comparison to be made and for conclusions to be drawn.

One function of money is to use it as a medium of exchange.
A.)True
B.) False

Answers

Answer:

Explanation:

true

state three essential characteristics of a good leaders​

Answers

Answer:

The Characteristics & Qualities of a Good Leader

Integrity.

Ability to delegate.

Communication.

Self-awareness.

Gratitude.

Learning agility.

Influence.

Empathy.

Answer:

ghhh función de agosto The Rock Creek and have been for a long time now for the rest in the morning and I will be there and I and my son is in a la medicina y cirugía de las partes involucradas te mando la celula BBDD de las tareas que BBDD PAC gxg de las partes involucradas la

1) Name the term used when a company holds multiple positions on a supply chain

Answers

Answer:

vertical integration

Explanation:

Vertical integration takes place when a company expands its supply chain either up or down. Upstream supply chain refers to a company's suppliers, e.g. a meat processing company that starts to buy cattle ranches would be vertically integrating its upstream supply chain. A company that opens retail stores would be vertically integrating its downstream supply chain.

Codes of ethics are insufficient and do not serve their proper purpose if they are intended only to ensure that company policies are legal.
A. True
B. False

Answers

True I think but I’m positive
It’s true is the answer

Why is it difficult to change real capital

Answers

Answer:

I don't know

Explanation:

can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter

Real capital is defined as tangible resources, such as land, that are used in the creation of goods or services. Since the majority of them are fixed, it is exceedingly challenging to grow to their sizes.

What is economics?

The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.

Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services

Real capital, often known as real capital (economics) Non-financial capital, such as equipment for manufacturers, sewing machines for tailors, or shovels for gravediggers.

Therefore, By the difficulty, To change the real capital the physical tools that aid in the production of goods or services be there.

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PLS HELP I WILL MARK YOU BRAINLIEST


Which of the items below are the effective subject lines?


Performance Review Attached

Computer Time

Vending Machines Relocated

HelpDesk Closed Until Further Notice

This E-mail Message Contains Some Extremely Important New Information About Company Operations

Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure has Changed

New Payroll Reporting Procedures

Answers

Vending Machines Relocated, HelpDesk Closed Until Further Notice, New Payroll Reporting Procedures, Performance Review Attached

What can any retailer learn from this case?

Relate the material in this case to the concept of the total
retail experience.

What uncontrollable factors will affect a retailer's ability to undertake the suggestions cited in the case? How would you handle them?

Answers

Based on this case, the retailer learns the importance of customer satisfaction along with branding and promotion.

What is retailer?

A retailer is referred to as a distribution channel of business that purchases goods from a wholesaler in small quantities and sells them to customers. They are having direct contact with customers so they receive feedback on the products as well.

The product-related characteristics that a business cannot control are uncontrollable risk factors. Clients, competitiveness, innovation, economic conditions, and constraints are uncontrollable factors that affect retail strategy.

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What can any retailer learn from this case?Relate the material in this case to the concept of the totalretail

If a firm accepts Project X it will not be feasible to also accept Project Z because both projects would require the simultaneous and exclusive use of the same piece of machinery. These projects are considered to be:

Answers

The inability of a firm to accept two projects at a time due to the simultaneous and exclusive use of the same piece of machinery is considered a mutually exclusive project.

To understand this question, we must know the concept of capital budgeting.

What is capital budgeting?

Capital budgeting is the process through which a company evaluates possible large projects or investment opportunities. Capital budgeting strategies are used by business managers to assess which initiatives will generate the highest return over a certain time period.

Mutually Exclusive Projects is a concept that is commonly used in the capital budgeting process when firms pick a single project based on specific characteristics from a range of projects where approval of one project results in rejection of the other projects.

Therefore, the inability of a firm to accept two projects at a time due to the simultaneous and exclusive use of the same piece of machinery is considered a mutually exclusive project.

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For which account does Caroline have a co-signer?

Answers

A cosigner is typically only required when your credit standing or income may not be sufficient to pass a financial institution's screening standards.

Who is a co-signer?

A co-signer is an individual who puts their name to the credit application of the primary borrower, indicating their willingness to be held accountable for the loan balance and any additional fees in the event that the borrower is unable to pay. Most people seek or want a co-signer because they are unable to meet the loan requirements on their own.

A co-signer, along with the original borrower, assumes full responsibility for debt repayment.

A family member will frequently co-sign a loan. If the borrower defaults, the co-signer may be required to pay any missing payments as well as the entire loan balance.

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Zwick Company bought 25,000 shares of the voting common stock of Handy Corporation in January 2021. In December, Handy announced $208,100 net income for 2021 and declared and paid a cash dividend of $5.00 per share on all 208,000 shares of its outstanding common stock. Zwick Company's dividend revenue from Handy Corporation in December 2021 would be:

Answers

Answer:

$125,000

Explanation:

Zwick company bought 25,000 shares of Handy corporation

In 2021 Handy corporation reported $208,100 net income

The cash dividend reported is $5.00 per share on all its 208,000 shares

Therefore the Zwicks company dividend revenue from Handy corporation in December 2021 can be calculated as follows

= 25,000 shares × $5.00

= 125,000

Hence Zwick's dividend revenue from Handy corporation is $125,000

Answer:

$125,000

Explanation:

Calculation for what Zwick Company's dividend revenue from Handy Corporation in December 2021 would be

Using this formula

Dividend revenue= Voting common stock shares *Cash dividend per share

Let plug in the formula

Dividend revenue=25,000 shares*$5.00 per share

Dividend revenue=$125,000

Therefore Zwick Company's dividend revenue from Handy Corporation in December 2021 would be $125,000

Which of the following is important to remember when sautéing vegetables?
The vegetables should be sautéd in the sauce that will be used to flavor the
vegetables.
Rinse the vegetables with water directly before placing them in the pan.
A simmering layer of oil should be added to the pan.
The pan should be big enough to avoid overcrowding of the vegetables.

Answers

The important thing to be remembered while sauteing vegetables is to add little quantity of the oil over the pan. Thus option 3rd is correct.

What is Sauteing?

Sauteing refers to the fry the food such as the vegetables or the meat in order to make it crispy and tasty.

The important  thing to be remembered while frying the food is to use less quantity of the oil because excessive oil is not good for the health as it can lead to heart problems.

Thus option 3rd is correct.

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Which statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements? Loan requirements will likely be relaxed. Interest rates will likely decrease. Housing prices will likely decrease. Investment opportunities will likely improve.

Answers

Answer:

B. Interest rates will likely decrease.

Explanation:

The statement describes how borrowers will most likely benefit when the Fed reduces reserve requirements is that interest rates will likely decrease.

How does Fed respond to recessions?

In the time of recessions, the Fed do uses different monetary policy tools in order to reduce unemployment rates and re-inflate prices.

These tools are said to be open market asset purchases, reserve regulation, etc. Borrowers will most likely benefit when the Fed reduces reserve requirements when interest rates will likely decrease.

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what term is used to describe the process of reducing foreign exchange risks​

Answers

Answer:

business transactions are denominated in foreign currencies. In international accounting, a "hedge" is: ... a business transaction made to reduce the exposure of foreign exchange risk.

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