1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wolverine [178]
3 years ago
6

"K has a $10,000 traditional whole life policy with a loan outstanding" of $1,000 and a 5% interest charge. At the end of the fi

rst year of the loan, K did not pay the loan interest. What is the result of K's inaction?
Business
1 answer:
lyudmila [28]3 years ago
8 0

Answer:

The result of K's inaction causes an increase in the outstanding loan by $50

Explanation:

<em>Step 1: Determine the interest amount</em>

The interest amount can be determined as follows;

I=PRT

where;

I=interest amount

P=principal amount

R=annual interest rate

T=time

In our case;

I=unknown

P=$1,000

R=5%=5/100=0.05

T=1 year

replacing;

I=1,000×0.05×1=$50

<em>Step 2: Determine the total loan amount</em>

This can be expressed as;

A=P+I

where;

A=total loan amount

P=principal amount

I=interest amount

In our case;

A=unknown

P=$1,000

I=$50

replacing;

A=1,000+50=1,050

The loan amount due after a year=$1,050

The result of K's inaction causes an increase in the outstanding loan by $50

You might be interested in
Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
Vesnalui [34]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales $382,500 (units 5,100 $75 per unit)

variable costs $245,000 (48.04 per unit)

fixed costs $98,000.

Option 1:

Increase selling price by 16%.

New selling price= 75*1.16= 87

Sales= 5,100*87= 443,700

variable costs= (245,000)

fixed costs= (98,000)

Net income= 100,700

2. Reduce variable costs to 59% of sales.

Contribution margin= (382,500*0.41)= 156,825

fixed costs= (98,000)

Net income= 58,825

T<u>he most profitable option is the first one.</u>

3 0
3 years ago
Noelke Industries had a Raw Materials Inventory account balance of $27,388 on June 1. During the month of June, Noelke had the f
lawyer [7]

Answer:

this is messing with my brain lol but i got -493,579?

Explanation:

5 0
3 years ago
A major financial institution hired a renowned security firm to attempt to compromise its computer network. A few days later, th
Mashutka [201]

Answer:

detective control.

Explanation:

Cyber security can be defined as preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.

IDS is an acronym for intrusion detection system and it can be defined as a security system which is typically used to monitor network traffic and it notifies the engineer when there's a malicious activity.

Generally, the detection methods used by the Intrusion Detection Systems (IDS) are;

1. Statistical anomaly-based detection.

2. Stateful protocol analysis detection.

3. Signature-based detection.

Hence, the operations in this scenario is an example of a detective control which avails a business firm information about vulnerabilities that exist in its network system.

8 0
3 years ago
Mccarthy company has inventory of 8 units at a cost of $200 each on october 1. on october 2, it purchased 20 units at $205 each.
emmasim [6.3K]

I don’t know how to do this

3 0
4 years ago
How do you calculate for equilbrium national income output?thank you ❤​
ad-work [718]

<em>Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.</em>

8 0
3 years ago
Other questions:
  • Increased investment alone will guarantee economic growth. A. This is a false statement, because an economy must rely on capital
    9·1 answer
  • You are going to the movie theater with your grandparents and your younger brother. Senior citizen tickets cost $6, your ticket
    15·1 answer
  • Corporate taxes Tantor​ Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goo
    11·1 answer
  • Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use their software, brand name, and
    15·1 answer
  • One year ago, you purchased 300 shares of Southern Cotton at $32.60 a share. During the past year, you received a total of $280
    8·1 answer
  • What is the primary difference between a static budget and a flexible budget? the static budget contains only fixed costs, while
    8·1 answer
  • Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's woul
    11·1 answer
  • To maximize its profit, a producer should set a price (and produce that related output) where:A. marginal cost is just less than
    9·1 answer
  • What is the top ten most popular styles right now.... 2021?
    8·1 answer
  • Apedwa Inc. recently purchased a new delivery truck. The new truck costs $25,000 and is expected to generate net after-tax opera
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!