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xenn [34]
2 years 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]2 years 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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Jacob, an upper-level manager, recently saw a project fail because he did not establish objectives for all important organizatio
Neporo4naja [7]

Answer:

Jacob made a mistake at the Initiation stage of the project management process  

Explanation:

The initiation stage is the first stage in every project cycle. It is the stage of defining the objectives, scope, purpose and  deliverable to be produced.

If this stage of project management had been well managed the project might not have failed because the employees would have been guided on the trends to follow to achieve the  various goal and objectives set for each projects.

3 0
2 years ago
Relevant interventions do not need acceptance or ownership from organization members
Bezzdna [24]
The answer would be False 
7 0
2 years ago
South central bank pays 2.5 percent interest, compounded annually, on its savings accounts. northern bank pays 2.5 percent simpl
sergeinik [125]

Will be greater if you invest in the Northern Bank

4 0
2 years ago
Mountain Top Markets has total assets of $48,700, net working capital of $1,100, and retained earnings of $21,200. The firm has
spin [16.1K]

Answer: 2.63

Explanation:

The Market to Book ratio is also referred to as the price to book ratio. It is a financial evaluation of the market value of a company relative to its book value. It should be noted that the market value is current stock price of every outstanding shares that the company has while the book value is the amount that the company will have left after its assets have been liquidated and all liabilities have been repaid.

The market-to-book ratio will be the market price per share divided by the book value. It should be noted that the book value per share is the net worth of the business divided by the number of outstanding shares. The book value will be:

= [(12500 ×1) + $21200]/12500

= ($12500 + $21200)/$12500

= $33700/12500

=$2.70

The market-to-book ratio will now be:

= $7.10/$2.70

=2.63

6 0
2 years ago
Harley signs a check payable to Pro Accountants, P.C., and gives it to Pro, leaving the amount blank but authorizing the firm to
Evgen [1.6K]

Answer:

The correct answer to the following question is option C) $15,000 .

Explanation:

Harley signed and gave a blank check to the Pro accountants , and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000 . But Pro accountants didn't do that, instead they filled the check for $15,000 , and gave the check to valley bank , now the valley bank has the full authority to enforce the full $15000 amount .

4 0
2 years ago
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