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
Vikentia [17]
3 years ago
10

Joanne and ed greenwood built a new barn with an attached arena. to finance the loan, they paid $1,307 interest on $45,000 at 4.

0%. what was the time, using exact interest? (do not round intermediate calculations. round up your answer to the nearest day.) time
Business
1 answer:
nikitadnepr [17]3 years ago
8 0

Answer: The loan was taken for 265 days.

We arrive at the answer as follows:

First we find the ratio of interest paid to the total loan amount to determine the interest rate:

Interest paid  = $1,307

Loan Amount = $45,000

\frac{Int paid}{Loan amount} = \frac{1307}{45000} = 0.029044444

Since the interest rate calculated above is less than the annual interest rate at 4%, we conclude that the loan taken was for a period of less than one year.

We can determine the period for which the loan was taken as follows:

Let 'x' be the time for which the loan was taken.

We need to solve for x in the proportion below

0.04 : 365 ::  0.029044444:x

Solving we get,

\frac{0.04}{365} = \frac{0.029044444}{x}

x = \frac{0.029044444 * 365}{0.04}

x = 265.0305556

You might be interested in
Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
Aneli [31]

Answer:

The answer is "\$ 137,000"

Explanation:

Please find the complete question in the attached file.

Commercial sector contribution margin

=\$137,000

Margin per unit of contribution = sales price – Unit cost variables

Margin of Contributions = Revenue Sales - Fixed expenses

Aerospace industry variable costs

=\$280,000- \$143,000 =\$ 137,000

7 0
3 years ago
UPS, a delivery services company, has a beta of 1.4, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 4% and th
Elena-2011 [213]

Answer:

10.9%

Explanation:

to calculate the expected return of the portfolio, we first need to calculate the portfolio's beta:

the portfolio beta = (beta UPS stock x weight UPS stock) + (beta Walmart stock x weight Walmart) = (1.4 x 50%) + (0.9 x 50%) = 0.7 + 0.45 = 1.15

portfolio's expected return = risk free rate + (portfolio beta x market risk premium) = 4% + (1.15 x 6%) = 4% + 6.9% = 10.9%

7 0
3 years ago
Customer value can be defined as Multiple choice question. obtaining a product or service at the lowest price possible, regardle
Paladinen [302]
That’s crazy math right there am I right
3 0
3 years ago
Why does the increased demand for more service make product management more difficult?
Rama09 [41]

Answer:

One of the hardest challenges in product management is getting people aligned—especially if they have different reporting lines and objectives. Here it helps to remember that our job is not to have all the answers—but to ask the best questions.

Explanation:

4 0
2 years ago
Read 2 more answers
Different segments of the project are delegated to respective functional units. this is called?
sweet-ann [11.9K]

Different segments of the project are delegated to respective functional units called as the Functional Organization.

<h3>What is a Functional Organization?</h3>

The notion of specializations based on function or role is used by functional organizations as a sort of organizational structure. For businesses with one or a few product offerings as well as medium-sized and small organizations, an efficient organizational structure is ideal. For instance, the little company AB Company manufactures diapers and employs around one hundred people. A matrix organization is a sort of corporate structure that divides a corporation into various sections according to areas of specialization. Functional managers or heads of departments are responsible for managing these departments, which act as functional units.

To learn more about delegated, visit:

brainly.com/question/11870071

#SPJ4

6 0
1 year ago
Other questions:
  • On January 2, 2020, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000. Ranger's net income
    15·1 answer
  • Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct materials 40,000 Direct labor 10,000 Variable
    15·1 answer
  • What is it called when demand and supply are equal in price and quantity?
    13·1 answer
  • What positive qualities of a human resources professional help her or him explain company policies
    13·1 answer
  • Becka borrowed $420 from her cousin at the rate of 8% per year. If the inflation rate was 2.5% that year, what is her cousin's a
    15·1 answer
  • John and Audrey have been married for twenty years. Throughout their marriage, John worked at ABCD Company, a corporation that m
    11·1 answer
  • The Divirgil Company Net Income is $100. Given the following items:Purchase of debt securities (trading) $7Amortization of premi
    6·1 answer
  • Use a piece of scrap paper to prepare a cost of Goods Manufactured from the following numbers: Beginning Direct Raw Materials -$
    6·1 answer
  • Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in rea
    13·1 answer
  • You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accoun
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!