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xenn [34]
1 year ago
10

Patricia Nall was approved for a $3,000, two-year, 11 percent loan with the finance charges figured using the discount method. H

ow much cash will Patricia receive from this loan?
Business
1 answer:
Luba_88 [7]1 year ago
4 0

Answer:

$2,340

Explanation:

The computation of cash received from this loan is shown below:-

cash received from this loan = Approved amount - (Approved amount × Two year × Percentage of loan )

= Approved amount - ($3,000 × 2 × 11% )

= $3,000 - ($3,000 × 2 × 0.11 )

= $3,000 - $660

= $2,340

Therefore, for computing the cash will Patricia receive from this loan we simply applied the above formula.

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Corny Solutions processes various corn related food items. One of its facilities located in Iowa, performs some initial processi
Novay_Z [31]

Answer:

correct option is a. common costs

Explanation:

solution

As common costs are  those associated with operating a facility shared by the two departments

and here One facility located in Iowa  and corn from the facility will be more further process into the corn for popping and the cornmeal

so as given cost at given costs at Iowa plant is common costs

so correct option is a. common costs

5 0
2 years ago
Mickey and Jenny Porter file a joint tax return, and they itemize deductions. The Porters incur $3,350 in investment expenses. T
wolverine [178]

Answer:

Investment interest expense deduction is restricted to the extent of investment income.

Investment interest expense deduction = $4600

Explanation:

7 0
1 year ago
Peter is the vice president of accounting and finance. For the past year he has solely provided the resources necessary to get t
Wewaii [24]

Answer:

This project is failing <u>organizational</u> feasibility analysis.

Explanation:

Organizational feasibility analysis is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business.

8 0
1 year ago
Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab
Vladimir79 [104]

Answer:

Part - 1: Increase

As business is hopeful about future,it will begin limit extension to provide food customer request.

Part - 2: Decrease

Higher genuine loan fee implies acquiring cost is higher for the organizations thus that they will lessen the interest in response to that.  

Part - 3: Decrease

A lower charge implies higher benefits and firms can pass these advantages to purchasers with lower costs, to representatives with higher wages and to the administration with charge on benefit. Nonetheless, in the event that the pace of expense itself has been expanded, at that point all things considered corporate will consider higher to be as a dampener in suppositions and they may diminish venture plans.  

Part - 4: Decrease

A downturn implies there will be lesser monetary movement generally speaking and request will be lower so as the utilization. In such case, arranged speculation will be diminished.

5 0
2 years ago
The Harris Company is decentralized, and divisions are considered investment centers. Harris has one division that manufactures
SVETLANKA909090 [29]

Answer:

Explanation:

Sales Revenue:

Proceeds from sales of Chair Division = 800*85=68000

Proceeds from sales of Cusion Division = 800*32=25600

Transfer to chair division from cusion division = 800*32 = 25600

Total Sales Revenue = 119200

Variable Cost - VC

VC Chair Division (800*42) = (33600)

VC Cusion Division (1600*13)=(20800)

Transfer cost = (800*13)=(10400)

Total Contribution = 119200-33600-20800-10400=54400

6 0
1 year ago
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