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
The flow of information and ideas from one person to another involving a sender method of transmitting the idea or content and r
Deffense [45]

Answer:

Communication

Explanation:

Communication is the exchange and flow of information and ideas from one person to another; it involves a sender transmitting an idea, information, or feeling to a receiver

5 0
2 years ago
PLEASE HELP WILL GIVE BRAINLIEST OT CORRECT ANSWER
FromTheMoon [43]
<h2>Answer</h2>

B. adds up all the income collected by all the sellers.

<h3>Explanation</h3>

Calculating GDP via the income approach of the established approaches, the income generated by all factors of production is the most accurate answer for the Gross Domestic Product (GDP) of a country. This therefore establishes that the income generated by factors in the household in exchange of the services or products they have provided to consumers, represent the value of the total goods and services sold in the economy.


4 0
3 years ago
Read 2 more answers
Having term limits on Boards of Directors for companies forces firms to rotate leadership to get new ideas. It also creates this
yKpoI14uk [10]

The available options are the following:

-Board members serve on multiple boards

-People with knowledge of the firm's history are replaced with those who may not know as much information

-Less frequent board meetings

-Better decisions about important issues

Answer:

-People with knowledge of the firm's history are replaced with those who may not know as much information

Explanation:

Considering the available options, the option that appears negative and related to the point being discussed is

"People with knowledge of the firm's history are replaced with those who may not know as much information."

It is straightforward, as changing the board of directors will at some point lead to a time where the new member in the board of directors will just be a competent worker but has no history with the company.

8 0
2 years ago
Joint ventures: a. are an alternative to new ventures. b. are attractive when entry barriers are high. c. are attractive when sp
Dafna11 [192]

Answer:

Are an alternative to new ventures.

Explanation:

Joint ventures is a business arrangement between two of more organisations to form a partnership. The oganisations involved share ownership, profits, investments.

A joint venture provides access to a large number of resources and it also provides the opportunity to gain new insight and expertise.

Different organizations enter into joint venture for either the purpose of a production process or research avtivity.

3 0
3 years ago
were designed to concentrate the credit risk of a bundle of loans on one class of investor, leaving the other investors in the p
asambeis [7]

Answer:

collateralized debt obligation

Explanation:a

collateralized debt obligation is referred to an emergency asset that would be used as collateral assets if a company unable to pay the loan.

It is basically introduced by the bank to regain the loan value that is sold to particular investors.  it helps the bank to make more funds and it also helps to transfer risk from bank to investor.

5 0
3 years ago
Other questions:
  • If it is true that whenever a manager encounters a particular situation (such as motivating employees to work harder), and a sin
    13·1 answer
  • When rebuilding a steering system, a can of bolts and nuts was somehow lost. Technician A says to simply go to the hardware stor
    12·1 answer
  • If a good that generates negative externalities were priced to take these negative externalities into account, its A. price woul
    14·1 answer
  • List three reasons why a price-based system works more efficiently than central planning.
    13·1 answer
  • On january 1, 2012, water world issues $25 million of 6% bonds, due in 20 years, with interest payable semiannually on june 30 a
    15·1 answer
  • You just won a lottery prize of $95,000. While you plan to use some of the sum to pay off your student loans, you would like to
    8·2 answers
  • Collier Chemicals has redesigned many jobs to make the work more interesting and challenging for its employees. The company enco
    7·1 answer
  • Windows and More is reviewing a project with sales of 6,200 units, ±2 percent, at a sales price of $29, ±1 percent, per unit. Th
    15·1 answer
  • As of december 31, $400 of revenues related to goods or services provided during the period were not collected nor recorded. wha
    7·1 answer
  • 6. A listing broker should:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!