The bal() function that is going to balance the loan after a period of 9 years would be A. bal(108)
<h3>How to solve for the bal() function</h3>
The question tells us that the loan balance would be calculated after the period of 9 years.
We have 12 months yearly in all of these 9 years.
Hence the function would be bal(12*9)
= bal(108)
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To increase profits while taking low to no risk as to their current funds<span />
Answer:
B. fact-based
Explanation:
I know business like fact-based decision's because a business wants facts to make it look good not opinions..... People need facts
Answer:
the acid-test ratio is 1.5 times
Explanation:
The computation of the acid-test ratio is as follows:
Acid test Ratio = Quick assets ÷ current liabilities
where,
Quick Assets is
= Cash + short tern investments + Account receivable
= $3,500 + $50,000 + $56,000
= $109,500
And, the current liabilities is $73,000
So, the acid-test ratio is
= $109,500 ÷ $73,000
= 1.5 times
Hence, the acid-test ratio is 1.5 times