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maw [93]
4 years ago
13

You've worked out a line of credit arrangement that allows you to borrow up to $60 million at any time. the interest rate is .58

9 percent per month. in addition, 5 percent of the amount that you borrow must be deposited in a noninterest-bearing account. assume that your bank uses compound interest on its line-of-credit loans.
a. what is the effective annual interest rate on this lending arrangement? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,

e.g., 32.16.) effective annual rate %

b. suppose you need $29.45 million today and you repay it in five months. how much interest will you pay? (enter your answer in dollars, not millions of dollars,

e.g., 1,234,567. do not round intermediate calculations and round your answer to 2 decimal places,

e.g., 32.16.) total interest paid
Business
2 answers:
Komok [63]4 years ago
8 0
I am darn sin totally positive the answer is big fat B. For lovely bravo
Nataly_w [17]4 years ago
8 0
The answer is definitely B I agree with catnaster
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One useful method of process improvement involves consideration of how another organization performs a process, identifying and
Sergio [31]

Answer:

a. benchmarking

Explanation:

Benchmarking is a management strategy that a  business uses to measure productivity, or set goals based on the industry's best practices. An organization applies the benchmarking approach to evaluate its quality, processes and procedures, and performance against that of other firms. An organization uses the benchmarking report to improve its operating and product standards.  

Benchmarking can be internal or external. Internal benchmarking involves comparisons between teams, departments, or individuals within an organization. External benchmarking is where a firm gauge its critical operations against those of its competitors or other similar companies.

7 0
3 years ago
A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t
Savatey [412]

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

5 0
3 years ago
1) Do you think there is/are any action(s) by Jessops Group Limited, that can be considered as a Corporate Social Responsibility
irina [24]

Answer:

<h2>Yes</h2>

Explanation:

Yes, Jessops  is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.  

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.  

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to  become market leader in imaging industry.

7 0
3 years ago
Match each the following steps in the litigation process with its best description or example.
Lilit [14]

Answer:

The options were incomplete! All of the options, their right order and description is explained below.

Complete Question:

Match each the following steps in the litigation process with its best description or example.

A. Alternate dispute resolution

B. Deposition

C. Judge decides

D. Defenses raised

E. Starts the litigation

1. Discovery

2. Bench trial

3. Complaint

4. Mediation

5. Answer

Matching:

3. Complaint -> E. Starts the litigation

5. Answer -> D. Defenses raised

1. Discovery -> B. Deposition

4. Mediation -> A. Alternate dispute resolution

2. Bench trial -> C. Judge decides

Short Explanation:

Suppose A is plaintiff and B is defendant.

A files a complaint saying that B has done something wrong to me, to which B Answers and denies the claim of A. Then both parties A and B start to discover evidence against each other. Mediation usually happens at this stage when both parties know their position. If mediation fails then bench trial starts where a civil judge decides the verdict.

Detailed Explanation:

The litigation (means a case or lawsuit) process starts when a complaint is filed by a plaintiff (person who brings a case against someone in court of law) stating the alleged wrongdoings done by the defendant. He claims to be given relief against the wrongs done by the defendant.

Then defendant responds with an Answer in which he clarifies or point out incorrect allegations or denies all the accusations one by one made against him. If defendant finds a strong case against himself then he goes for mediation otherwise he proceeds towards discovery.

Discovery is the legal term used for finding and gathering of all sort of evidence or information. Examples of discovery are interrogations, depositions, examination reports.

Mediation is the process of dispute resolution where both parties appear in front of a neutral mediator and try to resolve the issue without going to trial. Everyone tries to avoid going to trail because it is expensive and time consuming therefore, many lawsuits get resolved without going into the trial.

When mediation fails then the final solution is to go for a trail. A bench trial means a trial in which a judge decides the verdict (no jury).

Note: Mediation means settlement and it can happen at any stage when both parties agree to a certain solution,

5 0
4 years ago
How has the Internet changed the way candidates running for congress campaign?
hammer [34]
I would say the best answer is letter d. it has made it easier to get campaign message across to voters. With social media websites like Facebook and Twitter alone, politicians are already able to communicate with the people since everyone is on the internet. 
8 0
3 years ago
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