All categories

3 years ago

The way the bank determines the balance on which to calculate your interest is known as _____.

Business

2 answers:

Readme [11.4K]3 years ago

6 0

The answer is B. Method of computing balance ;)

neonofarm [45]3 years ago

4 0

The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.

You might be interested in

At December 31, 2020, Wildhorse Company has outstanding three long-term debt issues. The first is a $1,810,000 note payable whic

grandymaker [24]

Answer and Explanation:

The Preparation of note disclosure for the long-term debt is shown below:-

Note disclosure for the long-term debt

At the year end 31, December 2020

Year Amount Working note

2021 0

2022 $2,752,000 From annual sinking fund payment

2023 $4,562,000 ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)

2024 $7,582,000 ($4,830,000 annual sinking fund payment + $2,752,000 bond maturity)

2025 $2,752,000 From annual sinking fund payment

4 0

3 years ago

Beans Coffee & Cocoa Company makes and sells a chocolate flavored coffee drink under the name "CoCoCafe." Darkroast Java, In

SSSSS [86.1K]

Full question:

Coffee & Cocoa Company makes and sells a chocolate-flavored coffee drink under the name "CoCoCafe." Darkroast Java, Inc., later markets a similar tasting drink under the name "KoKoKafe."

This is most likely:

a. copyright infringement.

b. patent infringement.

c. trademark infringement.

d. a theft of trade secrets.

Answer:

This is most likely: trademark infringement.

Explanation:

Trademark infringement is described as the illegal practice of a trademark or service impression. This exercise can be in contact with goods or services and may commence to distraction, fraud, or a disagreement about the original company a commodity or service developed from.

Trademark proprietors can hunt proper action if they consider their marks are being transgressed. . If infringement of a trademark is fixed, a court procedure can stop a party from using the emblem, and the master may be granted financial relief.

3 0

3 years ago

Which of the following investments would have the highest future value at the end of 10 years? Assume that the effective annual

LenaWriter [7]

Answer:

The investment that will have the highest future value is option b.

Explanation:

First lets suposse the effective annual rate is 10%

a. Future value= $2,500

c. First you must obtain the net present value of all cash flows with the formula attached, for example:

NVP= ($250/(1+10%)^1)+($250/(1+10%^2)+($250/(1+10%^3)... and so on until year 10

With the excel formula "NPV" you can calculate the net present value specifying the interest rate, the cash flows.

The NPV= $1,536.14

And then you calculate the future value of this answer with this formula:

VF=VP(1+i)^n

VF= $1,536.14*(1+10%)^10

VF=$3,984.36

b. If payments are due at the beginning of every year means that at year 0 you start with $250. You must calculate the NPV in this way

NPV= $250+($250/(1+10%)^1)+ )+($250/(1+10%^2)+($250/(1+10%^3)... and so on until year 10

NPV= $1,786,14

And then you calculate the future value of this answer:

VF= $1,786,14*(1+10%)^10

VF=$4,632.79

d. First, you must convert the annual interest rate into semi-annually interest

10% Annually effective is 4,88% Semi-anually effective

NPV=$125+($125/(1+4,88%)^1)+ )+($125/(1+4,88%^2)+($125/(1+4,88%^3)... and so on until period 20

NPV=$1,698.75

And then you calculate the future value of this answer:

VF= $1,698 *(1+10%)^10

VF=$4,405.37

The investment that will have the highest future value is option b.

3 0

3 years ago

skad [1K]

An entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

6 0

2 years ago

Using notes outside of given key to produce heightened color is referred to as

Yanka [14]

Using notes outside of a given key to produce heightened color is referred to as "chromaticism".

Chromaticism, in music, the utilization of notes unfamiliar to the mode or diatonic scale whereupon an organization is based.

Chromatic tones in Western craftsmanship music are the notes in an organization that are outside the seven-note diatonic (i.e., major and minor) scales and modes. On the piano console, the dark keys speak to the 5 chromatic tones that don't have a place with the diatonic size of C real; high contrast keys together mean the chromatic size of 12 tones for every octave.

6 0

3 years ago

Read 2 more answers