1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANEK [815]
3 years ago
15

Maywood, Inc. signs a​ $17,000, 8.5%,​ six-month note dated November​ 1, 2017. The interest expense recorded for this note in 20

17 will be​ ________. (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)A. ​$482 B. ​$723 C. ​$241 D. ​$1,445
Business
1 answer:
exis [7]3 years ago
5 0

Answer:

$241

Explanation:

Of the six month tenor of the note, the period that falls into 2017 is 2 months (that is, November 1 to December 31). In addition, by default, interest rates are stated on an annual basis except indicated otherwise. Therefore, it is assumed that 8.5% rate indicated in the question is an annual rate.

The computation of the interest that falls into 2017 is as follows:

= Note Amount*interest rate*\frac{number of months in 2017}{12 months in a year}

= $17,000 * 8.5% * 2/12

= $240.83

= approx. $241.

You might be interested in
Currently, Forever Flowers Inc. has a capital structure consisting of 20% debt and 80% equity. Forever's debt currently has an 7
Allisa [31]

Answer:

WACC = 11.6%

Explanation:

<em>The weighted average cost of capital (WACC) is the average cost of all the various sources of long-term finance used by a business weighted according to the proportion which each source of finance bears to the the entire pool of fund. </em>

To calculate the weighted average cost of capital, follow the steps below:  

<em>Step 1: Calculate cost of individual source of finance </em>

Cost of Equity= 13.5%  

After-tax cost of debt:

= (1- T) × before-tax cost of debt  

= 7%× (1-0.4)= 4.2%  

<em>Step 2 : calculate the proportion or weight of the individual source of finance . (This already given) </em>

Equity = 80%  

Debt= 20%

<em>Step 3:Work out weighted average cost of capital (WACC) </em>

WACC = ( 13.5%× 80%) + ( 4.2%× 20%) = 11.64%  

WACC = 11.6%  

4 0
3 years ago
Which evidence does Gore use to support the idea that climate change is
mart [117]

Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.

<h3>What is Climate?</h3>

Climate helps to describe how the weather in particular place is.

It includes the temperature, humidity, sunlight, rainfall and precipitation. The effect of the interaction of this factors determines the climate over a longer period of time.

Therefore, Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.

Learn more about climate here,

brainly.com/question/17922964

#SPJ1

8 0
2 years ago
Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service Operation Number of Daily Reps
leonid [27]

Answer:

A.Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service Operation Number of Daily Reps A 32 B 24 C 32 D 28 E 12 a. Give one reason that each arrangement might be preferred over the other. b. Determine the number of repetitions for

B.

Step-1: Calculate the units to be processed in one cycle by dividing the daily requirement with number of cycles

Step-2: Assign units per cycle to each cycle

Step-3: Adjust it to accommodate the fractions

C.

Step-1: Calculate the units to be processed in one cycle by dividing the daily requirement with number of cycles,

Step-2: Assign units per cycle to each cycle

The repetitions for each service if two cycles

Explanation: tables in attached file are for questions B and C respectively

3 0
3 years ago
Read 2 more answers
John Hernandez is 24 years old and has saved enough money to fund an adequate emergency fund. In addition, he has saved $5,600 t
Romashka-Z-Leto [24]

It would be GROWTH, so the most important factor for him would be growth.

3 0
3 years ago
If the American company Stryker builds and operates a new factory in France, a. it engages in foreign direct investment. By itse
Iteru [2.4K]

Answer:

(D) - It engages in Foreign Direct Investment, which by itself raises US net capital outflow

Explanation:

Foreign Direct Investments (FDIs) are investments in physical assets, infrastructures, etc and other long-term assets made in a foreign country. They differ from Foreign Portfolio Investments (FPIs) which are investments in stocks, bonds, treasury securities and other listed securities which can be sold easily in financial markets. For instance, when a US-based corporation invests in the stocks or bonds of a French company, this is FPI. Whereas, when the US-based corporation establishes a company in France by investing as plants and machinery, this is FDI.

FDIs requires cash commitment for investing in the foreign nation. However, because the assets created as a result of these investments are owned by the originating country, it increases the volume of assets the country has abroad leading to an increase in net capital outflow. Net Capital Outflow is the volume of capital investment made by a nation in other countries, less the capital investment made by other countries into the nation.

Therefore, when Stryker builds and operate a new factory in France, it engages in Foreign Direct Investment. By itself this action raises US net capital outflow.

4 0
4 years ago
Other questions:
  • Which of the following statements is CORRECT? Group of answer choices Hedge funds are not as highly regulated as most other type
    7·1 answer
  • 9. A producer's profits are maximized when marginal costs are
    10·1 answer
  • En la actualidad, crees que importante realizar un presupuesto? ¿Por qué?
    15·1 answer
  • In what form of business do members of an organization own and control its activities
    10·1 answer
  • Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c
    13·1 answer
  • Thomas Rinks and Joseph Shields developed Psycho Chihuahua, a caricature of a Chihuahua dog with a "do-not-back-down" attitude.
    14·1 answer
  • For each situation, list the assumption, principle, or constraint that has been violated, if any.
    5·1 answer
  • Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date w
    15·1 answer
  • I usually do not experience sudden intuitive thoughts.<br> Disagree<br> Agree
    14·2 answers
  • Sunland Company is considering these two alternatives for financing the purchase of a fleet of airplanes. 1. Issue 60,000 shares
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!