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
Vesna [10]
3 years ago
7

Check My Work Dressed to a Tee received a promissory note of $8,000 for 10 months at 6% simple interest from one of its customer

s. After 5 months, the note was discounted at Grove Isle Bank at a discount rate of 8%. What are the proceeds Dressed to a Tee will receive from the discounted note
Business
1 answer:
nikklg [1K]3 years ago
5 0

Answer:

$8,120

Explanation:

<em>To calculate the proceeds, the gross proceed  less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>

Gross proceed= P + (P×R×T)

P- 8,000 R- 6%, T- 10/12

Gross proceed = (8,000 + 8,000× 6%× 10/12)

                         = $8,400

Discount charges = Gross proceed × discount rate × time to maturity

Time to maturity = 10 - 5 = 5 months

Discount rate - 8%, Time- 5/12

Discount charges =  8400× 5/12× 8% = $280

Proceeds to be received = $8,400 - $280

                 = $8,120

You might be interested in
Do you think it is best to keep track of finances using a check register, a bank statement, or both? Why?
aalyn [17]
It is best to keep both a check register and then to reconcile your bank statement with your check register. That means you have recorded everything that has happened.
7 0
3 years ago
Sam, who is 55 years old and has been a steel worker for 30 years, is unemployed because the steel plant in his town closed and
Aleksandr-060686 [28]
Short term memory lost
6 0
3 years ago
One of the most useful ways to break the glass ceiling in organizations is to _____. Select one: a. eliminate status-blind emplo
kobusy [5.1K]

(A) Eliminate status-blind employment practice.

What is a glass ceiling?

  • A glass ceiling is a metaphor used to represent an invisible barrier that prevents a given demographic from rising beyond a certain level in a hierarchy.
  • The metaphor was first coined by feminists in reference to barriers in the careers of high-achieving women.
  • In the United States, the term is sometimes extended to include barriers to minority women's and minority men's advancement.
  • Minority women in white-majority countries frequently face the greatest challenges in "breaking the glass ceiling," because they are at the convergence of two historically marginalized groups: women and people of color.
  • The phrase "bamboo ceiling" was coined by East Asian and East Asian American news outlets to describe the barriers that all East Asian Americans encounter in furthering their careers.

After reading all the questions option (A) is the most useful way to break the glass ceiling.

Therefore, the correct option is (A) Eliminate status-blind employment practice.

Know more about organizations here:

brainly.com/question/19334871

#SPJ4

3 0
2 years ago
Behavioral economistsLOADING... attribute some consumer behavior to the endowment effect. Which of the following is an example o
mestny [16]

Answer:  Option C

Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.

Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.  

   

6 0
3 years ago
In the financial projections section, the sba recommends this for the projections for the first year:______
alisha [4.7K]

In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.

<h3>Financial Projections</h3>

One of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.

Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.

To know more about "Financial Projections", visit :brainly.com/question/28007394

#SPJ4

4 0
1 year ago
Other questions:
  • In a CVP income statement, cost of goods sold is generally:
    13·1 answer
  • One way to test an association claim is with a –. This test compares – variables, and the results of the test have two primary c
    13·1 answer
  • Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $54,000 and $2,400, r
    6·2 answers
  • How do you view your account balance online?
    13·1 answer
  • Suppose a firm has the following expenditures per day: $240 for wages, $150 for materials, and $80 for equipment rental. The own
    9·1 answer
  • Frito Lay is owned by Pepsi and has a variety of billion dollar brands such as Doritos, Cheetos, Lays, and Ruffles. These famous
    12·1 answer
  • Here are some points to ponder when hiring data professionals:
    6·1 answer
  • Waterway Company’s checkbook balance on December 31, 2020, was $84800. In addition, Sheridan held the following items in its saf
    10·1 answer
  • Highlight clues that reveal the point of view of the narrative.
    6·2 answers
  • In insurance terminology, equipment such as tractors, bulldozers, road graders, front-end loaders, and forklifts designed primar
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!