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amid [387]
3 years ago
8

Laura borrowed $48,000 at a 6% interest rate for 7 years. what was the total interest?

Business
1 answer:
Mrrafil [7]3 years ago
7 0
Principal Amount P = $ 48000 
Rate of interest r = 6% = 0.06 
Time interval t = 7 
Formula for Interest I = P x r x t => I = 48000 x 0.06 x 7 => I = 2880 x 7 
Total Interest for seven years would be $20,160
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The potential loss for a writer of a naked call option on a stock is Multiple Choice increasing when the stock price is decreasi
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The correct answer will be Option A (unlimited).

Explanation:

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3 0
3 years ago
Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cos
yanalaym [24]

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C = 1.75Q + 4,990

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fixed component 4,990

Explanation:

High-Low method:

we subtract the highest level of activity with the lowest one:

\left[\begin{array}{ccc}High&44,360&82,620\\Low&19,962&39,924\\Difference&24,398&42,696\\\end{array}\right]

24,398 units generates 42,696 cost

with this information we can solve for variable cost.

42,696 / 24,398 = 1.75

Now we calcualte the fixed cost:

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3 0
3 years ago
100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost o
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Answer:

$4,650,000,000

Explanation:

We will use the formula below to calculate the enterprise value of Correct inc.

Enterprise value = Market value capital and debts - Cash and investments

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= $3750m + $1000m - $100m

= $4,650,000,000.

4 0
4 years ago
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