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4 years ago

Which of the following is a part of applying for a loan?

Business

2 answers:

sergey [27]4 years ago

7 0

Answer:

Explanation:

you negotiat the price you need and you have to pay them back also

tigry1 [53]4 years ago

6 0

Answer:

As part of loan application verifying your income is important ( A )

Explanation:

A loan is the act of lending money by an individual or entity to another individual or entity which is to be repaid at a stated time, usually with interest attached to the loan.

verifying your income: this is the most important step you need to take before venturing into applying for a loan, because the lender will have to verify your income to know if you can be able to repay the loan before making any decision on weather to grant the loan application or not.

Negotiating an interest rate is not in the place of the Borrower mostly it is the lender that determines the interest rate also signing up for a credit card and completing a means exam are not steps in applying for a loan.

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Suri Company has offered to sell 6 comma 300 units of the same part to Cruise Company for $ 14.40 per unit. Assuming the company

Sergeu [11.5K]

Complete Question:

Cruise Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part, assuming a production level of 6,000 units, are as follows:

Direct materials$4.00

Direct labor$4.00

Variable manufacturing overhead$3.00

Fixed manufacturing overhead$1.00

Total cost$12.00

The fixed overhead costs are unavoidable.

Assuming Cruise Company can purchase 6,000 units of the part from Suri Company for $14 each, and the facilities currently used to make the part could be rented out to another manufacturer for $24,000 a year, what should Cruise Company do?

A) Make the part and save $6.00 per unit.

B) Make the part and save $2.00 per unit.

C) Buy the part and save $2.00 per unit.

D) Buy the part and save $1.00 per unit.

Answer:

Option (B) Buy the part and save $1.00 per unit

Explanation:

The cost benefit analysis is as under:

Option 1

Costs and savings associated with not renting out the factory and making sales of 6000 units of the part:

Total Variable Cost (4+4+3) $11 * 6000 = ($66000)

The Revenue earned = 6000 * 14 = <u> $84000</u>

Net Savings $18000

Option 2

Costs and revenues arising due to renting out of factory and not selling the 6000 units of the product part is

Revenue from renting Out $24000

lost of Contribution $3 *6000 <u>($18000)</u>

Net Savings $6000

Decision:

As the savings from option 1 are higher so the company must not rent out the factory and can save $2 ($18000 savings / 6000 units) by making the product in home.

5 0

3 years ago

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13

Daniel [21]

Answer:

$H_o: \mu \geq 13.04\\H_{\alpha}: \mu \geq 13.04$

b) 0.0751

c) We cannot afirm whether eating out or dinning in is cheaper

d) do not reject neither.

<u>Questions:</u>

(a). Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home.

(b). Using the sample from the 100 restaurants, what is the p -value?

(c). At α = .05 ,what is your conclusion?

(d). Repeat the preceding hypothesis test using the critical value approach

Explanation:

(b)

$\frac{X-\mu}{\sigma \sqrt{n} } = P_v\\\frac{12.75-13.04}{2 \sqrt{100} } = -1.45$

We use excel function to get the Pz which is .0751

(c). 0.0751 > .05 , We cannot reject the hypotesis. Thus, we can neither say dinning in is more cheap nor eating out is cheaper.

(d). With = 99 , t .05 = −1.66 Reject H 0 if ? ≤ −1.66 −1.45 > −1.66 , do not reject

Degrees of freedom = n − 1 = 99 and Pz of 0.05 = -1.66

Reject when Pz < of -1.66

-1.45 > 1.66 threfore we cannot reject the hypotesis.

8 0

3 years ago

1. Voice River, Inc. , provides media-on-demand services via the Internet. Management has been studying current interest rates.

Andrew [12]

Based on the rate the government is paying for its securities and the rate the lender is willing to make, the inflation premium must be <u>5%. </u>

<h3>What is the inflation premium?</h3>

This is the part of the risk free rate that accounts for inflation in an economy.

It can be found as:

= Risk free rate - Real rate

Solving gives:

= 8% - 5%
= 3%

Find out more on calculating rates at brainly.com/question/26113005.

3 0

2 years ago

An economist is interested in studying the incomes of consumers in a particular country. The population standard deviation is kn

ki77a [65]

Answer:

A. 232.6

Explanation:

Standard deviation of population = $1000

Z value for 90% confidence interval is 1.645

width = z * $\frac{standard deviation}{\sqrt{sample size} }$

width = 1.645 * $\frac{1000}{\sqrt{50} }$ = 232.6

3 0

3 years ago

True or false: Checkable-deposit money created through lending by banks is not part of the money supply.

USPshnik [31]

Answer: False

Explanation:

5 0

3 years ago