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fredd [130]
4 years ago
11

Which of the following statements is CORRECT?

Business
1 answer:
lakkis [162]4 years ago
4 0

Answer:

e. If a loan has a nominal annual rate of 8%, then the effective rate will never be less than 8%.

Explanation:

As we know that

EAR = (1 + r ÷ n)^n -1

where,

EAR = Effective annual rate

r = interest rate

n = number of years

By applying the above formula we know that the effective annual rate should always be greater than the normal annual rate

Hence, the correct option is e.

Therefore all other options would be wrong

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Which of the following statements regarding the center of gravity method is false
grigory [225]

Answer:

Consider the following explanation

Explanation:

False statement are as follows,

A)  It is designed to minimize the maximum possible travel distance to any location

This statemet is false

Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.

C) And D) Are also false

Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.

Only Option B) Is correct

8 0
3 years ago
Protective covenants: Group of answer choices a.only apply to bonds that have a deferred call provision. b.are primarily designe
tiny-mole [99]

Answer:

B. are primarily designed to protect bondholders

Explanation:

Protective covenants are designed primarily to protect bondholders from future actions of bond issuer. They are also part of a loan agreement that limits certain actions a company may take during the course of the loan to protect the person who lend the money interests. They provide extra protection for the investors. Creditors use it to protect their interests by restricting certain activities of the issuer that could endanger the creditor's interest.

4 0
3 years ago
Read 2 more answers
____ pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit
kondaur [170]
Unit pricing can be used in various types of contracts to require the buyer to pay the supplier a predetermined amount per unit of service. 
8 0
3 years ago
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A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A
prisoha [69]

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

A)

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198

C(n,r)=\frac{n!}{(n-r)!r!}

B) The probability that all 4 selected workers will be the same shift (P_B) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278

C) The probability that at least two different shifts will be represented among the selected workers (P_C)= 1 - the probability that all 4 selected workers will be the same shift(P_B)

P_C=1-P_B\\\\P_C=1-0.0278\\\\P_C=0.972

7 0
3 years ago
You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to
aivan3 [116]

Answer:

$2,222,222.22

Explanation:

The data provided in the question

Annual scholarship provided = $100,000

Guaranteed rate of return = 4.5%

So by considering the above information, the amount i.e deposited today is

= Annual scholarship provided ÷ Guaranteed rate of return

= $100,000 ÷ 4.50%

= $2,222,222.22

By dividing the annual scholarship by the rate of return we can get the deposited amount

8 0
4 years ago
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