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4 years ago

When should you look for a bank or credit union that offers the LOWEST interest rates?

Business

2 answers:

julsineya [31]4 years ago

8 0

Answer:

Explanation:

Harman [31]4 years ago

3 0

Answer:

A. When borrowing capital to start a business

Explanation:

When you want money, you must pay for it. the price of the money is called "interest" thus, if you are expecting to open up a business a need money for it you must acquire that money at the cheapest price possible. This means at the lowest interest rate.

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Osawa, Inc., planned and actually manufactured 260,000 units of its single product in2017 , its first year of operation. Variabl

AVprozaik [17]

Answer:

(a) $ 530,000

Explanation:

total production 260,000 units

variable manufacturing $26 per unit = $6,760,000

variable S&A $11 per unit

planned and actual fixed manufacturing $520,000

planned and actual fixed S&A $370,000

total costs during the year = $10,510,000

units sold 180,000 x $44 = $7,920,000

cost of goods sold per unit = ($26 x 180,000) + (180,000 x $520,000/260,000) = $4,680,000 + $360,000 = $5,040,000

total operating expenses = ($11 x 180,000) + $370,000 = $1,980,000 + $370,000 = $2,350,000

net income = $7,920,000 - $5,040,000 - $2,350,000 = $530,000

7 0

4 years ago

Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1,

Marat540 [252]

Answer:

(a) $43,656.90

(b) $33,698.70

(c) $43,967.70

Explanation:

Future Value of annuity shall be:

(a) 10% for 8 years, Semiannually compounded

In this since the interest is compounded semiannually, the effective interest rate = 10/2 = 5%

Future Value of $1 in 8 years with 10% interest compounded semiannually = 2.0789

Value of $21,000 = $21,000 $\times$ 2.0789 = $43,656.90

(b) 12% for 4 years, Quarterly Compounded

In this since the interest is compounded quarterly, that is 4 times in a year, effective interest rate = 12/4 = 3%

Future value of $1 in 4 years with 12% interest compounded quarterly = 1.6047

Value of $21,000 = $21,000 $\times$ 1.6047 = $33,698.70

In this since the interest is compounded monthly effective interest rate = 36/12 = 3%

Therefore, Future Value of $1 in 25 months @36% compounded monthly = $2.0937

Value of $21,000 = $21,000 $\times$ 2.0937 = $43,967.70

7 0

3 years ago

Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17% c = $

sergejj [24]

Hi there!

The answer to your problem is c = $46.04

Your friend, ASIAX

7 0

4 years ago

how might a recent college graduate's investment portfolio differ from someone who is nearing retirement?

iren [92.7K]

Answer:

A recent college graduate's investment portfolio will differ from someone who is nearing retirement due to the length of time someone who is at the end of their career has had to invest whereas someone who is a recent college graduate hasn't had the time/money to invest

Explanation:

4 0

3 years ago

Jacob and Marla were both presented with a complex accounting issue that neither had seen before. Marla was able to look at the

devlian [24]

Answer: Generally, when trying to solve a complex accounting problem in which there are obstacles and little knowledge about the subject, the most advisable thing is to work from a conceptual framework which serves as a guide to find a reasonable answer to the problem in question. In this case Marla was clearly working with a conceptual framework, and instead Jacob was not.

4 0

3 years ago