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Lera25 [3.4K]
3 years ago
10

Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba

nk to make this investment. What is the maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment?
Business
1 answer:
Ne4ueva [31]3 years ago
3 0

Answer:

The maximum interest rate which the bank needs to offer the loan is 3%

Explanation:

The maximum interest rate which the bank needs to offer the loan is computed as:

Maximum interest rate = Amount received in one year - Amount invested today / Amount invested today

where

Amount received in one year is $6,180

Amount invested today is $6,000

Putting the values above:

Maximum interest rate = ($6,180 - $6,000) / $6,000

= $180 / $6,000

= 3%

So, the maximum interest rate is 3% which is needed to offer by banks

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in supply chain The competitive characteristics that persuade a customer to choose one company's products over those of another
Stella [2.4K]

Answer:

correct answer is Order winner

Explanation:

in the supply chain, every firm want more profit  

for more profit, they want  increase their supply chain and sell more product  

so in this competitive characteristics customer choose 1 company product over another company with their attractive offers  

so as that order winder is special products and service that attribute desire from the customers that enable the company to win by beating competition in the market  

so correct answer is Order winner

7 0
3 years ago
On January 1, 20X5, Blaugh Co. signed a long-term lease for an office building. The terms of the lease required Blaugh to pay $1
umka2103 [35]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
3 years ago
When consumers buy _____ products, then producers make _____ goods and services. This can lead to economic growth.
d1i1m1o1n [39]
More shall be written in both lines
7 0
3 years ago
For the year ended December 31, a company had revenues of $187,000 and expenses of $109,000. $37,000 in dividends were paid duri
Dovator [93]

Answer:

D) Debit income summary 187000, credit revenues 187000

Explanation:

When dividend is declared, following journal entry is passed

Retained Earnings                                    Dr.

    To Dividend Payable

(Being declared dividend recorded)

When dividends are actually paid, the journal entry is

Dividend Payable A/C                              Dr.

     To Cash A/C

(Being dividend paid recorded)

Income summary account is prepared as a temporary account while income statement represents permanent account.

Income summary shows net income balance i.e Revenue less expenses.

As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.

3 0
3 years ago
Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of c
bazaltina [42]
<h2>A company cannot run without marketing department. They bring source to the company through which the company gains money / make money.</h2>

Explanation:

  • As stated earlier no company exists without sales team.
  • They actually bring business to the organization.
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The type of company which I would like to start up myself would be an Training institute.  My dream organization need,

  • Need sales team to pitch and get people and indirectly bring business
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3 0
3 years ago
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