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9966 [12]
3 years ago
11

What is the effective rate of a $25,000 interest-bearing simple discount 10%, 90-day note?

Business
1 answer:
salantis [7]3 years ago
5 0
The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%

_____
The amount and time have nothing to do with it for simple interest.
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(TCO 2) An object of interest to the end user is
emmasim [6.3K]

An object of interest to the end user is <u>entity</u>.

<u>Explanation:</u>

An entity is a real world object or thing that has an independent existence. Entity is distinguishable from the other objects. The attributes of an entity are the properties of the entity which make the entity distinguishable from the other objects.

The examples of entity are a car, a book or any other product. A set of an entity is known as the entity set. Entity may be an object with physical existence or it may be with a conceptual existence.

6 0
3 years ago
When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

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3 years ago
While calculating the costs of products and services, a standard costing system ________. does not keep track of overhead cost t
zepelin [54]

Answer:

uses standard costs to determine the cost of products

Explanation:

In the case when we determined the cost of the product and its services so here the standard costing system would be used to measure the cost of product as this is the costing system that are based upon the estimated or predicted values and are significant for generating a product

4 0
3 years ago
hyperinflation a. is an extremely high rate of inflation. b. occurs when people interpret nominal changes in wages as real chang
nlexa [21]

Hyperinflation: is an extremely high rate of inflation. The Right Option is C

Hyperinflation is a phrase used to describe rapid, excessive, and widely expanding cost increases in an economy.

While growth is a function of how quickly labour and product expenses are rising, excessive inflation is a rapidly rising swelling that typically accounts for more than 50% each month.

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4 0
1 year ago
To evaluate whether a product offering is financially feasible to justify investing in it, companies often consider the customer
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Answer:

e. Personal value equation

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To check that the product the company is offering to the customers whether the product is financially feasible or not, the companies individually take the opinion of the customer about the product by delivering and communicating them personally so that they actually know about their product.

Customer perception is different about the product they want to buy. They simply want the benefit and the satisfaction after consuming the product that means the time and the cost they has incurred to get the product is to meet their expectations.

6 0
3 years ago
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