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
melamori03 [73]
3 years ago
15

On March 4 of 1999, XYZ Corporation takes out a $1 million loan. The company pays the interest semiannually. The six-month inter

est rate is six-month LIBOR 80 basis points, with a cap at 9.25%. Assume that LIBOR is at 8.5% on March 4, 1999, and 7.75% on September 4, 1999. What is the second interest payments on the loan
Business
1 answer:
Alex73 [517]3 years ago
5 0

Answer: $85,500

Explanation:

From the question, we are told XYZ Corporation takes out a $1 million loan and the interest on the loan is paid semiannually.

We are also told that the six-month interest rate is six-month LIBOR 80 basis points, with a cap at 9.25%. Assume that LIBOR is at 8.5% on March 4, 1999, and 7.75% on September 4, 1999.

The second interest payments on the loan will be:

The interest rate will be:

Interest rate = LIBOR + 80bps

= 7.75 + 0.8

= 8.55%

Interest paid in the second period

= $1,000,000 × 8.55%

= $1,000,000 × 0.0855

= $85,500

Note that there is no need for using the cap since the interest didn't exceed 9.25%

You might be interested in
A very large company would be most likely to have a(n) ___ at the ahead of its accounting department.
kati45 [8]
D - Accounting manager : they supervise, monitor and evaluate all day-to-day accounting activities.

Hope that helped :)
4 0
3 years ago
Read 2 more answers
How do you manage innovation if ideas can come from anywhere, including people who aren’t your direct employees—or aren’t even p
julsineya [31]

Answer and Explanation:

Development is a significant part for any association. It makes ready for organization's sustenance and ensures that the association is rivalry in a sound way in the market. Be that as it may, overseeing advancement can be a precarious circumstance. So as to oversee advancement that can emerge out of where anyplace, the association needs to comprehend the significance of the development and the wellsprings of development.  

Associations need to make arrangements to support developments, open dialog on these issues and advance individuals who achieve the changes. So as to do that the organization need to instill the way of life of advancement. This requires changes in the manner association works, the objectives, the crucial vision of the organization. The estimation of the organization must be set up in a manner that advances development and prizes the individuals who are engaged with this procedure.

5 0
3 years ago
The case study method is most effective in:A. Proving out theoryB. Narrowing the gap between theory and practiceC. Simulating re
tino4ka555 [31]

Answer:

Letter B is correct. <u>Narrowing the gap between theory and practice.</u>

Explanation:

Case study is an investigative methodological approach applied to simple or applied social sciences. It is carried out through the use of different qualitative methods for the collection of data and information relevant to the foundation of the research. The qualitative method is the most appropriate in a case study, as it occurs through subjective and not substantially statistical means of in-depth analysis of relevant factors in an event, an individual, an institution, a group and others.

Case studies can be classified as:

  • exploratory,
  • descriptive, or
  • explanatory.

So it is correct to state that the purpose of the case study is to reduce the difference between theory and practice. Because the analysis of the information collected and the variables and patterns found will provide subsidies for the discussion and better understanding and reasoning between what happens between the theory and the practice analyzed in the case study.

3 0
3 years ago
What best describes a SCRUM Team​
igomit [66]

Answer: Characteristics Of A Great Scrum Team. ... Within Scrum self-organizing, cross-functional, and highly productive teams do the work: creating valuable releasable product increments. Scrum offers a framework that catalyzes the teams learning through discovery, collaboration and experimentation.

Explanation:

A Scrum Team is a collection of individuals working together to deliver the requested and committed product increments. To work effectively it is important for a Scrum Team that everyone within the team. follows a common goal.

7 0
4 years ago
Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w
goldenfox [79]

Answer:

Grouper Inc. is involved in a lawsuit at December 31, 2020

It is given that Grouper will be liable for $863,600 as a result of this suit. Therefore, the journal entry for this situation is as follows;

On December 31, 2020

Lawsuit loss  A/c  Dr. $863,600

       To Lawsuit liability               $863,600

(To record the lawsuit loss of the Grouper Inc.)

8 0
3 years ago
Other questions:
  • When interest rates are low, some automobile dealers offer loans at 0% APR, as indicated in a 2016 advertisement by a prominent
    11·1 answer
  • If I start Djing live for crowds and private places, what should i charge per hour?
    15·2 answers
  • Crawford Fishing had a net income of $35,640 in 2022. They decided to pay $3,000 in dividends and keep the rest to help expand t
    8·1 answer
  • Describe each term below and provide an example of a company (real or imagined) that uses this concept. Describe how it impacts
    11·1 answer
  • Which of the following is one of the seven website design elements that marketers can use to produce an effective customer exper
    7·1 answer
  • Which of the following statements from a hypothetical job advertisement is intended to develop interest in a job?
    9·1 answer
  • What do you call a specific Market group that wants, and can afford, your product
    14·1 answer
  • If the efficient market hypothesis is true, price changes are independent and biased. Group of answer choices
    12·1 answer
  • Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can
    9·1 answer
  • The present value of cash flow will be greater if we compound less frequently holding the stated interest rate constant. a. true
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!