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kiruha [24]
1 year ago
5

What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p

rime rate is the interest rate on a credit card, unadjusted for interval compounding. c. the prime rate is the number which indicates your credit history. d. the prime rate is the highest interest rate allowed by law. please select the best answer from the choices provided a b c d
Business
1 answer:
trapecia [35]1 year ago
3 0

Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.

A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.

It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.

To learn more about prime rate here,

brainly.com/question/28235888

#SPJ1

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Brokers differ from insurance agents in that ____
leva [86]

Answer: Option A          

Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.

Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.

Hence from the above we can conclude that the correct option is A.

8 0
3 years ago
When the grocery director gives directions to the grocery store manager, what type of communication is being used ?
liubo4ka [24]

The type of communication being used when the grocery store director gives instructions to the grocery store manager is vertical communication.

<h3 /><h3>What is vertical communication?</h3>

It is the communication that occurs in the ascending and descending direction in a structured organization, that is, it is the communication that occurs between people of different hierarchical levels.

Therefore, vertical communication is the most common form of communication in organizations and is essential to maintain effective organizational flow, provide guidelines and feedback on work.

Find out more about vertical communication here:

brainly.com/question/6648108

5 0
2 years ago
Forest management defination<br><br><br>​
yanalaym [24]

Answer:

It is the process of controlling the use or exploitation of forested land.

6 0
3 years ago
Read 2 more answers
11,400 shares of common stock outstanding at a price of $48 per share, It has also issued 300 bonds with a coupon rate of 6.7 pe
Alexandra [31]

Answer:

0.4485

Explanation:

Calculation to determine the capital structure weight of the common stock

First step is to calculate the Value of Common Stock

Value of Common Stock = 11,400(48)

Value of Common Stock= $547,200

Second step is to calculate Value of Preferred Stock

Value of Preferred Stock = 275(90)

Value of Preferred Stock = $24,750

Third step is to calculate the Value of Debt

Value of Debt = 1.08(2,000)(300)

Value of Debt= $648,000

Now let calculate the Weight of common stock

Weight of common stock =$547,200 /(547,200 + 24,750 + 648,000)

Weight of common stock=$547,200/$1,219,950

Weight of common stock = 0.4485

Therefore the capital structure weight of the common stock is 0.4485

5 0
3 years ago
Gordands purchased $600,000 of merchandise in August and expects to purchase $720,000 in September. Merchandise purchases are pa
Elina [12.6K]

Answer:

$630,000

Explanation:

The computation of the cash disbursements for September month is shown below:

= September purchase amount × paid percentage + August purchase amount × following month paid percentage

= $720,000 × 25% + $600,000 × 75%

= $180,000 + $450,000

= $630,000

We actually multiplied the purchase cost with the pay percentage so that the exact amount can be billed.

4 0
3 years ago
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