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inna [77]
3 years ago
9

Zoe takes out a discounted loan for $1,200 at a simple interest rate of 6%, but only receives $1,020 into her bank account. What

's the duration of the loan? Give your answer in months to the nearest month.
Business
1 answer:
I am Lyosha [343]3 years ago
3 0

Answer:  35 months

Explanation:

Interest to be paid = 1,200 - 1,020

= $180

This means that;

180 = 1,020 * 0.06 * t

61.2t = 180

t = 2.94 years

In months

= 2.94 * 12

= 35.28

= 35 months

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High return on an investment is asHigh return on an investment is associated withsociated with
d1i1m1o1n [39]
High return on an investment is associated with high risks.
the bigger amount you give for an investment, the bigger possibility that you can have bigger return however the higher risk that you can loss a big amount of money also.
5 0
3 years ago
Product innovation refers to efforts to create designs and applications of technology to develop new products, while __________
Troyanec [42]

Answer:

Process innovation

Explanation:

Product innovation refers to efforts to create designs and applications of technology to develop new products, while <u>process</u> innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Process inovation: It is a type of innovation that involve in improvement of process in producing goods and services. It also implement new technique and procedure to improve production or delivery method. It is also effective in reducing cost of production.

5 0
3 years ago
One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Tod
lutik1710 [3]

Answer:

option (A) $86

Explanation:

Data provided in the question:

Coupon rate = 6%

Face value of bonds = $1,000

Purchasing price (i.e the selling percentage at the time of purchase )

= 98.6% of par

Selling price = 101.2% of par

Thus,

Annual Coupon payment = Face value × Coupon rate

= $1,000 × 6%

= $60

Now,

Purchase price = $1,000 × 98.60%

= $986

Sales price = Face value of bonds × Selling price

= $1,000 × 101.20%

= $1,012

Therefore,

Total dollar Return

= Sales price + Annual Coupon payment - Purchase price

= $1,012 + $60 - $986

= $86

Hence,

The correct answer is option (A) $86

4 0
3 years ago
Crinks Corporationu ses direct labor hours in its predetermined in its predetermined overhead rate. At the beginning of the year
balu736 [363]

Answer: $11920 Overapplied

Explanation:

We have to calculate the Predetermined overhead rate which would be:

= Estimated total manufacturing overhead / Estimated amount of the allocation base

= $355,680 ÷ 14,400 direct labor-hours

= $24.70 per direct labor-hour

Since the actual hours is 10,800 hours, therefore, the applied overhead would be:

= 10,800 × 24.70

= $266,760

Since the actual overhead = $254,840, then the overapplied Overhead would be:

= $266,760 - $254,840

= $11920 Overapplied

6 0
3 years ago
In a few sentences, list and describe the three Cs of teamwork, the three elements that are vital to the success of a team.
leva [86]

The three C's of teamwork are Cooperation meaning working like a joint action. The second C is Coordination, being sort of in sync with your team or being on track all together. Lastly, Communication is communicating with your team members to understand what needs to be accomplished.

Hope I could help! :)

3 0
4 years ago
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