Answer: a. $53500
b. A. The loan officer should offer the company an add-on interest loan because there is a high risk that the company will not be able to repay the principal on the loan at the end of the project's life.
Explanation:
a. Based on a 360-day year, the monthly payment for each loan for November will be:
Principal = $600,000
Interest rate = 10%
Simple interest = (P×R×T)/100
= (600000 × 10× 1) /100
= $60000
The simple interest per month which will also be thesame for Novemeber will be:
= 60000/12
= $5000
Since add on interest is 7%, then the interest will be:
= 7% × $600,000
= 0.07 × $600,000
= $42000
Therefore, the interest for month of November will be:
=(600000 +42000)/12
= $642000 / 12
= $53500
b. The answer that best evaluates the statement given is option B. It should be noted that since it's a startup company, there may be challenges in repaying the loan. Therefore, the best scenario will be that the loan should be given on add on interest basis.
With a 100 percent over the same period, change in real output is $0 million
With a 0 percent increase in price, the change in real output is $100 million.
What is the expected revenue based on 100% increase?
The expected revenue based on the 100% increase in price of mined gold is $200 million, which means that if the actual revenue is $200 million, then it means the real output change is $0.
However, if there was no 0% change in price of newly mined gold, then the real output change is the excess of the next year forecast sales revenue over the current year actual sales revenue which is $100 million($200 million-$100 million)
Find out more about percent change in sales on:brainly.com/question/15488277
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Full question:
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $100 million to $200 million between one year and the next. Assuming that the price of gold increased by 100 percent over the same period, by what numerical amount did Glitter Gulch’s real output change? If the price of gold had not changed, what would have been the change in Glitter Gulch’s real output
How can I ensure that my coworkers and I are in a safe working environment. If your company has an industrial hygienist and also your safety officer can inspect.
Design thinking is a problem solving protocol that any buisness or profession can employ to achieve big results
The average tax rate is 21.47 % so that means. you would have to pay around $11,166, and you would be left with $40,834.
Hope this helped!
