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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.

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Answer:

lower costs, leading to higher profits

Explanation:

Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.

When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.

These in turn lead to lower costs and higher profit.

Staff turnover is costly on the business as new hires have to be trained on the job to be effective.

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3 years ago
At the end of 2017, Payne Industries had a deferred tax asset account with a balance of $30 million attributable to a temporary
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Detailed step-wise solution given in the table attached.

8 0
3 years ago
why might the cost of a mortgage loan be greater than the cost of using unsecured corporate debt to finance corporate real estat
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For real estate income property, mortgage loans are often made on a non-recourse basis. This means that the risk of default must be included in the mortgage interest rate.

<h3>What is a mortgage loan?</h3>

A mortgage is a form of loan used to purchase or maintain a home, land, or another type of real estate. The borrower agrees to repay the lender over time, often through a series of monthly payments divided into principal and interest. The property is subsequently put up as collateral for the loan.

Borrowers must apply for a mortgage through their preferred lender and meet specific criteria, such as credit score requirements and down payments. Mortgage applications are rigorously scrutinized before they reach the closing stage. Mortgage types vary according to the borrower's needs, such as conventional and fixed-rate loans.

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8 0
2 years ago
Pablo and his managers spent a large sum of money on the new training program, and they feel that there has been little improvem
Contact [7]

Answer:

. sunk-cost bias.

Explanation:

Sunk cost is money that has already been expended and cannot be recovered.

According to the sunk cost bias, a person would continue with a particular course of action or project regardless of its outcome because of the unrecoverable amount (sunk cost) that has been spent on the project.

I hope my answer helps you

5 0
3 years ago
Which of the following is an example of a functional structure? Multiple Choice Fred owns a diner and has three employees. Borro
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Answer: At Mark’s Furniture, all the carpenters are in one group, and all the upholsterers are in another.

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Functional structures refer to the grouping of company departments based on what the labor involved do for the company i.e. their functional expertise.

Mark's company is therefore using a functional structure because it groups its workforce by their functional expertise with carpenters in one group and upholsters in another.

Most companies follow this strategy which is why companies have departments such as accounting, human resources, marketing and production.

6 0
3 years ago
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