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Brilliant_brown [7]
3 years ago
11

You've worked out a line of credit arrangement that allows you to borrow up to $40 million at any time. the interest rate is .56

percent per month. in addition, 4 percent of the amount that you borrow must be deposited in a noninterest-bearing account. assume that your bank uses compound interest on its line of credit loans.
a. what is the effective annual interest rate on this lending arrangement? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) annual interest rate 7.23 %
b. suppose you need $20 million today and you repay it in 6 months. how much interest will you pay?
Business
2 answers:
dangina [55]3 years ago
8 0
My credit was recently improved by keinetcybertechnologies AT gmail . com to 820 . A friend referred them to me and now I am able to get a loan   
PilotLPTM [1.2K]3 years ago
7 0

945 is how much youd pay

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A certain bank assigns one unique number to each savings account. The amount of savings in each account depends on how much the owner deposits into the <span>account. The interest paid on each account depends on how much money is in the account. The relation that is not a function is that "</span><span>interest paid, amount in savings account."</span> 
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Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investing activities of $150,
PolarNik [594]

Answer:

$28,300

Explanation:

Missing word: "<em>Calculate free cash flow."</em>

<em />

Free cash flow = Operating cash flow - Capital expenditures - Dividends

Free cash flow = $361,200 - $206,000 - $126,900

Free cash flow = $28,300

So, the Free cash flow of Hinck Corporation is $28,300.

6 0
3 years ago
A reporter appears on television and reports that a collegiate athlete is currently using steroids. The reporter has a sincere b
zhannawk [14.2K]

Answer:

The answer is D, the reporter is liable for a claim of libel

Explanation:

First of, we need to understand that libel in it self refers to a false statement or report published against an individual and of which the report has a very high tendency of tarnishing the individuals image. In order words, it can also be refereed to as the defamation of character where the victim in this case is refereed to as the character.

So,  referring back to the question. As a reporter, it is assumed that proper diligence has been done in respect to investigation or investigative journalism as some like to call it before going before the public to declare such a defaming statement and in such a case where such sequentially, the statement comes to be a false statement, the reporter and in some cases the firm at large is liable for a claim of libel.

So as related to the question asked, the answer is D.

6 0
3 years ago
Golden Generator Supply is approached by Mr.​ Stephen, a new​ customer, to fulfill a large​ one-time-only special order for a pr
pshichka [43]

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A. ​$869

Explanation:

If it charges a price below of their full cos and mark-up it wouldn't be able to sustain it in the long-term

When company's receive a one-time-only then, they may be willing to charge a lower price to cover a portion of their fixed cost when there is spare capacity but, in long-term they will have to charge at full cost else, they will lose money

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3 years ago
Which of the following is an incorrect statement regarding variances?
laiz [17]

Answer:

The answer is B.

Explanation:

Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.

Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.

And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.

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