Which of the following statements about organic foods is true?

Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_

Readme [11.4K]

Answer:B. $1,500

Explanation:

Interest revenue is money earned when an entity or individual loans money to another. it can also be regarded as money accrued from investments. IT is calculated as

Interest Revenue = Principal x Rate x Time

= $100,000 x 6% x 90/360

= $100,000 x 0.06 x 0.25

= $1,500

Therefore the interest charge by the bank is $1500.

4 0

2 years ago

You need a new computer, and you will need a loan in order to buy one. Which lender is most likely to charge you the highest int

Rom4ik [11]

I know the answer is but b and d because they have the key words savings and with credit you pay lower to so the answer should be A

4 0

2 years ago

Read 2 more answers

On January 1, 2015, East Lansing, Inc, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually.

Trava [24]

Answer:

The answer is option D

Explanation:

The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.

First we need to determine the semi annual coupon payment, periods and YTM.

Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000

Semi annual periods = 5 * 2 = 10

Semi annual YTM = 0.08 * 6/12 = 0.04

Bond Price = 100000 * [(1 - (1+0.04)^-10) / 0.04] + 2000000 / (1+0.04)^10

Bond Price = $2162217.916

The price of the bond is thus $2162290 approx. The difference in answers is due to rounding off.

5 0

3 years ago

Concepts like value and relationship marketing are important in designing a marketing program because such a program is what con

Andre45 [30]

Answer:

Concepts like value and relationship marketing are important in designing a marketing program because such a program is what connects an organization to it's costumer

8 0

2 years ago

Mason pays $251 monthly for auto insurance. He had an accident involving another car. His

Evgesh-ka [11]

Answer: Yes, the years worth of payments is more than the actual claim

Explanation:

the claim was $2500 and he payed $3,012 a year for insurance

4 0

3 years ago

Read 2 more answers