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DanielleElmas [232]
3 years ago
13

Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every month for three years. The lend

er quoted Surreal a rate of 8.40 percent with monthly compounding. At what rate would you discount the payments to find amount borrowed by Surreal Corp.
Business
1 answer:
Marianna [84]3 years ago
7 0

Answer:

The rate at which to discount the payments to find sum borrowed is 12.68%

Explanation:

The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:

Effective annual rate = (1 + Quoted interest rate/m)^m - 1

quoted interest rate is 8.40

m is the number of months in a year when compounding is done which is 12

effective annual rate=(1+8.40%/12)^12-1

effective annual rate=(1+0.01)^12-1

effective annual rate=(1.01)^12-1

effective annual rate=1.12682503 -1

effective annual rate=0.12682503=12.68%

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Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:
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Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

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3 years ago
Brief Exercise 8-06 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that wo
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Journal entries

A.

Dr Cash $6,871.50

DrCash Exceed and Short $50.75

Cr Sales Revenue ($6,871.50+ 50.85) $6,922.25

B.

Dr Cash ($6,922.25 +28.32) $6,950.57

Cr Sales Revenue $6,922.25

Cr Cash Exceed and Short $28.32

8 0
3 years ago
Calcular el valor futuro de $2,500 que se ahorran al final de cada mes por un periodo de 4 años con una tasa de interés del 9% a
amm1812

Answer:

VF= $143.801,78

Explanation:

Dada la siguiente información:

Deposito mensual (A)= $2.500

Cantidad de periodos (n)= 4*12= 48 meses

Interes mensual (i)= 0,09/12= 0,0075

<u>Para calcular el valor futuro (VF), debemos usar la siguiente formula:</u>

VF= {A*[(1+i)^n-1]}/i

VF= {2.500*[(1,0075^48) - 1]} / 0,0075

VF= $143.801,78

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3 years ago
Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an
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Answer: product differentiation

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From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.

This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.

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Cultural and behavioural expectations of studying for a degree in business management
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The Cultural and behavioural expectations of studying for a degree in business management is to be able to know the relationship and the culture with respect to behaviors of  employees, managers and customers.

<h3>What is cultural behavior in business?</h3>

The cultural behavior in business helps to be familiar with the  employees, managers and customers  and the relationship between them as regards the culture of the business.

This help to know the team's behavior, as well as setting them up to to record success in workplace.

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1 year ago
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