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Softa [21]
1 year ago
7

Justin discounts a 115-day note for $26,000 at 8.5%. the effective rate of interest to the nearest tenth percent is:

Business
2 answers:
Sergio [31]1 year ago
5 0

Answer:

8.74%

Explanation:

Interest = Principal x Interest Rate = $26,000 x .085 x 115/360 = $705.97

EAR = Interest/[(Principal - Interest) x (115/360)]

= $705.97/[($26,000 - $705.97) × (115/360)] = $705.97/ $8,080.04 = 0.0874, or 8.74%

lesya692 [45]1 year ago
4 0
8.7%

$26,000 x .085 x 115/360 = $705.97
$26,000 - $705.97 = $25,294.03
$25,294.03 x 115/360 = $8080.04
$705.97/$8080.04 = 8.7%
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A company with more production power than is generally utilized for its current production activity can benefit from entering th
Liula [17]

Answer:

a. The company can utilize production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, lower cost and greater profitability.

Explanation:

Options are <em>"a. the company can utilize its production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, tower cost and greater profitability. b. it will lead to a lower sales volume, which enables the company to free up more production power and require fewer employees. c. it will lead to a lower sales volume, which will reduce production costs and lead to greater production power. d. It will lead to a lower sales volume which means using less production power, enabling employees to have more time to participate in a learning environment."</em>

<em />

The question here is how the company will benefit by entering global market. And to enter global market, the company must produce larger volumes. So, the options B, C,& D are not correct. Because the company is looking to produce more and utilize its production capacity to the full to increase the profits by decreasing the costs (economies of scale). Thus, option A is correct.

6 0
2 years ago
Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making
Zarrin [17]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44

Total of payments=675+98.44=773.44

Monthly payment is
773.44÷24=32.23

Hope it helps!

8 0
1 year ago
Read 2 more answers
To move forward in an automatic transmission vehicle, shift to _____. A. Park B. Reverse C. Neutral D. Drive
EleoNora [17]

Answer:

D stands for drive.

Explanation:

In automatic transmission vehicles, the letter D represents all forward-moving gears.  When the engine is running, and the automatic transmission is activated with D, accelerating the car will make it move forward.

Some vehicles will have a series of numbers after the D. The may be labeled ad D1, D2, D3 in that order. These are manuals setting for the forward gear operations. They help the vehicle navigate different terrain as  follows

  • D1:  Suitable for difficult terrains like sand and mud.
  • D2: Best for up climbing or hilly roads
  • D3:  May also be marked as OD or overdrive. It makes the car move fast hence suitable for when overtaking.

For vehicles with only D, the single D combines all the above functions.

6 0
1 year ago
Read 2 more answers
Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2
Andrei [34K]
1) Partnership. Nick Selver and Rita Andrew began the company as a partnership. 
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market. 
6 0
2 years ago
Which of the following factors can impact your monthly auto insurance premium?
erastova [34]

Answer:

The correct answer is: Your age, driving record, and annual mileage.

Explanation:

Auto insurances take into account several risk factors at the moment of evaluating what type of coverage insureds should purchase. Individuals' <em>age (higher premium if older), driving record (higher premium if negative),  and average annual mileage (higher premium the more mileage</em>) are key factors insurance companies tend to consider to find out what is the most convenient policy for those people and based on that, the premium that will be charged every month.

6 0
1 year ago
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