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
Monica [59]
3 years ago
9

g Robin needs $25,000 to start a business. In her search for the best (low cost) loan, she has gathered the following informatio

n from three local banks. Which bank would you recommend Robin borrow from? Bank Annual Payment Term (Years) A $9,000 3 B $7,000 4 C $6,000 5 Bank A Bank B Bank C Either Bank A and B since their loan rates are about the same
Business
1 answer:
MrRissso [65]3 years ago
3 0

Answer:

I recommend Bank A to Robin as its interest rate on loan is the lowest at 3.95%

Explanation:

In calculating the interest in excel spreadsheet, I used the rate formula which is given as =RATE (nper, pmt, pv, [fv], [type], [guess]) where nper is the duration loan,pmt is the yearly loan repayment,present value of the loan is $25000 in all cases while fv,type and guess are not applicable and as a result are shown as zeros.

Find attached for detailed analysis.

Download xlsx
You might be interested in
What could Vans do to keep its dealer network intact and supportive even after opening a corporate store in their market
arlik [135]

Answer:

Vans

To keep its dealer network intact and supportive even after opening a corporate store in their market,

Vans should not compete directly with its dealer network stores, especially based on lower prices.  It must ensure that its prices are at similar levels with those offered by its dealers.

Explanation:

Vans can also differentiate the products in the corporate store from those offered by the dealer networks.  It can offer its products for bulker purchases than those offered by the dealers.  It can also inform its dealers that the corporate store in their market exists to offer close-by support to the dealers instead of competing with them.  The corporate store may be a way to undertaking extensive advertisements and publicity that will rub off favorably on the dealers.

8 0
3 years ago
Rue de Vin owns many acres of vineyards and a large winery. Marta's Vineyard is a small consulting firm that helps restaurateurs
Virty [35]

Answer:

Goods (wine) ; Services (consultancy)

Explanation:

In business, The difference between goods and services lies on their physical form.

Goods are something of value that have a physical form. They can be Seen, touched, felt, and tasted. You can do all of this to wine.

Services on the other hand, are something of value that do not have a physical form. Services consists of actions or help that given to another people in order to make their life easier. This is why Consultancy,

3 0
3 years ago
An important goal of a responsibility accounting framework is to help ensure which of the following?
MariettaO [177]
<h2>segment and company financial goals are congruent.</h2>

Explanation:

I think the options are missed and hence given below for your reference:

a) decision-making is made by the top executives.

b) investments made by each segment are minimized.

c) identification of operating segments that should be closed.

d) segment and company financial goals are congruent.

Let us understand the meaning:

Congruent: It means two or more things coincides when superimposed.

Financial goals: The target which needs to be achieved in the current financial year.

Segments: Segment speaks about the location, product or service provided by the company.

Financial goals are necessary so that it would be easy to organize and work towards the specific goal.

For the business goal to be achieved, every organization should frame financial targets or goals.

So the important goal is to achieve segment and company financial goals and they become congruent when achieved.

3 0
4 years ago
When you use the AIDA persuasive approach, your first task is to gain the reader's attention (A).
Elanso [62]

Answer:

The correct answer is letter "A": Describe the benefits a product or service offers and make rational or emotional appeals.

Explanation:

The AIDA Model describes the process buyers go through at the moment of purchasing. It has four (4) steps: <em>Awareness, Interest, Desire, </em>and<em> Action</em>. In the Interest stage, companies attract consumers so they start looking for information about their products. <em>The benefits of the good are portrayed relating them to the target audience's emotional appeals. In some other cases, firms display their products as the most rational to choose from compared to competitors.</em>

7 0
3 years ago
W.C. Cycling had $55,000 in cash at the year-end 2011 and a $25,000 en cash at year end 2012. The firm invested in property, pla
alexgriva [62]

Answer:

1. c. Operating cash flow = 50,000

2. b. Net income=$115,000

Explanation:

1. The Cashflow for the year is calculated by adding the balances from the Financing, Investing and Operating Activities in the following manner;

Cash Flow for the year = Opening Balance + Operating Activities + Investing Activities + Financing Activities

Operating Activities = Cash Flow - Opening Balance - Investing Activities - Financing Activities

= 25,000 - 55,000 - (-250,000) - 170,000

= $50,000

2. Net Income is calculated from Operating Activities in the following manner;

Net Income = Operating Cashflow + Increase in Inventory - Increase in Accruals - Depreciation

= 50,000 + 100,000 - 25,000 - 10,000

= $115,000

8 0
4 years ago
Other questions:
  • Nathan has $300 to open a checking account. He wants an account with the lowest fees. He plans on using the ATM machine, and his
    15·2 answers
  • "on sept. 1, jerry's lighting purchased merchandise with a list price of $12,500 with credit terms of 3/10, n/30; freight of $40
    10·1 answer
  • The monetary transmission mechanism works through the effects of changes in the money supply on:
    5·1 answer
  • Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows
    12·1 answer
  • On January 1, you sold short one round lot (that is, 100 shares) of Lowe's stock at $27.70 per share. On March 1, a dividend of
    9·1 answer
  • Project management people skills include:
    11·1 answer
  • Please Help me for real not joking.<br> It 100% my grade
    15·1 answer
  • The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in begi
    10·1 answer
  • A company’s business model: Select one: a. Explains how it intends to achieve high profit margins b. Indicates how the strategy
    5·1 answer
  • The total of paul's taxable gifts, assuming he does not elect gift splitting with his spouse, subject to the unified transfer ta
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!