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Genrish500 [490]
1 year ago
5

Total interest paid on a 30-year straight note was $230,000 during the term of the loan. The annual interest rate was 6.6%. What

was the loan amount?
Business
1 answer:
dsp731 year ago
3 0

Answer:

$116,161.616

Explanation:

Given that,

Total interest paid = $230,000

Time period = 30 year

Annual interest rate = 6.6%

Total interest on loan = Loan amount × Interest rate × Time period

$230,000 = Loan amount × 6.6% × 30 years

Loan amount:

=\frac{230,000}{0.066\times 30}

=\frac{230,000}{1.98}

      = $116,161.616

Therefore, the loan amount is $116,161.616.

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For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company
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Answer:

Economic Value Added (EVA) = $2,620

Explanation:

WACC = 11%

Capital = $20,500

Sales = $11,500

Operating cost = $5,000

Tax rate = 25%

EBIT = Sales - Operating cost

EBIT = $11,500 - $5,000

EBIT = $6,500

Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)

Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)

Economic Value Added (EVA) = $4,875 - $2,255

Economic Value Added (EVA) = $2,620

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2 years ago
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bagirrra123 [75]
That statement is True

Internal Compliance is carried out to ensure that all process are done according to regulated rules and standard

Poor internal compliance could indicate that certain process is not carried out according to standard, which could damage the trust of internal customers
3 0
2 years ago
A firm's primary objective is to maximize profits; however, there are always two constraints:
alekssr [168]
Two constraints to maximizing profit are cost of production and consumer demand. 

Consumer demand
is essential for revenue. Competition and budget can affect demand and put constraints to profit maximization. Cost of production can constraint profits maximization too because the higher the cost of raw material, the higher the cost of production will be, which in turn will affect the price of the product. This increase in price can also affect the demand.

The answer is then D.  
7 0
2 years ago
Karen, an automobile mechanic employed by an auto dealership, is considering opening a fast-food franchise. If Karen decides not
vova2212 [387]

Answer:

The right solution is "Not Deductible".

Explanation:

If everyone's investigation for a company or starting a company fails, costs classified into two broad categories besides you:

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2 years ago
Which of the following statements is true regarding self-managed work teams?A) Self-managed work teams typically consist of fort
Maslowich

Answer: E

Explanation:Self-managed work teams represent an approach to organizational design that goes beyond quality circles or ad hoc problem-solving teams. These teams are natural work groups that work together to perform a function or produce a product or service. They not only do the work but also take on the management of that work functions formerly performed by supervisors and managers. This allows managers to teach, coach, develop and facilitate rather than simply direct and control. In a self Self-managed work teams there’s decrease position take on supervision .

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