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
xenn [34]
3 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]3 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.

You might be interested in
John is an entrepreneur who plans to enter a franchise contract with a hotel business. which of these is an advantage that John
umka2103 [35]

Answer:

The correct answer would be option C, He will be able to gain knowledge and support from the hotel business to run the franchise.

Explanation:

Franchise is basically a contract between two parties in which one of the party who is owning the business is ready to sell his business rights to use its name and products to the other party. The other party can open the same business with the same name and products or services and run that business. In this type of contract, a continuous help and support is given to the franchisee to run the business. So if John being an entrepreneur wants to enter into the franchise contract, then he will surly be able to gain knowledge and support from the hotel business to run the franchise.

3 0
3 years ago
Read 2 more answers
Choose the statement that is incorrect. A. Search activity occurs only in markets where there is a shortage. B. The time spent l
Rufina [12.5K]

Answer:D

Explanation:because it seems like it

3 0
4 years ago
A customer who lives in New York has an account with a broker-dealer and sales representative that are both registered in State
mash [69]
True because I said so and i don’t really care but I hope this helped
8 0
3 years ago
Coca-Cola, a company that does business in almost every national market, can most accurately be classified as: a. a multinationa
erastovalidia [21]

Answer:

A. a multinational company

5 0
4 years ago
Blaster, Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52, which has a standard cost of $1.25 per
garik1379 [7]

Answer:

1,065 U

Explanation:

Materials Price Variance = Actual Quantity Purchased * (Standard Price – Actual Price)Actual Price= Total Cost / Quantity Purchased

= ($27,690 /21,300 )=$ 1.3

=21,300* [$1.25 – $1.3]

=21,300*0.05

=1,065 U

During May, the materials price variance for part XBEZ52 was 1,065 which is Unfavourable because the actual

purchase price is higher than standard.

5 0
3 years ago
Other questions:
  • Pandora invested in the Box Mutual Fund by purchasing 1,000 shares on November 9, Year 1. On the first day of every month, the B
    12·1 answer
  • A year ago, the engineering team at a company got a new boss to oversee the them. Things were fine at first, but a few months in
    11·1 answer
  • where x1 and x2 represent number of units of production of basic and advanced iPods, respectively. Production time required for
    11·1 answer
  • Regina has made the same sales presentation twice a day for almost a month. At first, the presentation seemed to flow nicely but
    15·1 answer
  • "Carmen owns a 2009 Toyota Camry that has been driven 24,000 miles and, to his knowledge, has no mechanical problems. He offers
    12·2 answers
  • A friend comes to you and asks you to invest in his business instead of investing in Treasury bonds. You think he has a good bus
    9·1 answer
  • A company is concerned with traffic that flows through the network. There is a concern that there may be malware that exists tha
    9·1 answer
  • In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
    11·1 answer
  • 1) Suppose at market opening on 10/24/2019, the market expects the bond that matures in 2034 ("the longer-term bond") to provide
    9·1 answer
  • In a market economy, who makes the decisions that guide most economic activity?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!