All categories

3 years ago

Duerr company makes a $75,000, 60-day, 11% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)

Business

1 answer:

Sergeeva-Olga [200]3 years ago

7 0

Answer:

The maturity value of the loan is $76,375.00

Explanation:

The maturity value of the loan comprises of the face value of the loan plus the interest accrued over the 60-day period as shown below:

face value of the loan=$75000

interest=$75000*11%*60/360

interest on loan=$1375

maturity value=$75000+$1375

maturity value=$76,375.00

You might be interested in

when your combining like terms and there is only a negative outside of the parethisis what do you do??

ruslelena [56]

You mutiply the outside number by the 1st number on the inside of the paranthesis

6 0

3 years ago

Read 2 more answers

Some of the most common challenges of working on a team are:

Dmitrij [34]

Answer: C. Picking the right people to work with on the team

Explanation:

For the work to be carried out successfully it is important to have the right staff. When you choose the right people, it's much easier to be able to work as a team. Having the right person means that you are someone with goals that go along the same lines as the company, someone who follows the schedules at the time of the meetings and who is aware of the importance of feedback.

When companies hire someone, they make sure that they can be someone who is committed to performing their stated duties, someone with ideas and a good push for the team.

3 0

3 years ago

A machine purchased 1 year ago for $85,000 costs more to operate than anticipated. When purchased, the machine was expected to b

goblinko [34]

Answer:

Value of S=$25000.

Explanation:

Value of P= $75000

Value of n= 5 years

Value of AOC= $36000+ $1500k (k=1 to 5)

Since the salvage value would be after 5 years=

S=($75000- $10000*5) = $75000- $50000= $25000.

Value of S=$25000.

4 0

3 years ago

Teach for america works to solve which societal problem

aniked [119]

<span>Teach for america works to solve the problem of educational inequality. Teach for Americaâ€™s network includes more than 10 00corps members teaching in 46 regions across the country. Teach for America corps members are as effective as- an in some cases more effective than- other teachers. They are funded by contritbutions from business, foundations, government ogranizations , and individuals in the regions where corps members teach.</span>

6 0

4 years ago

Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $

Ne4ueva [31]

Answer:

Average rate of return = 14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

Average annual return = Savings in cost - energy cost - depreciation

Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

Average annual return = 29,780-6,680-12600= 10500

Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return = 14 %

6 0

3 years ago