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
d1i1m1o1n [39]
3 years ago
5

Madison Finance has a total of $20 million earmarked for homeowner loans and auto loans, where x is homeowner loans in millions

of dollars and y is auto loans in millions of dollars. On the average, homeowner loans have a 9% annual rate of return, whereas auto loans yield a 14% annual rate of return. Management has also stipulated that the total amount of homeowner loans should be greater than or equal to 4 times the total amount of automobile loans. Determine the total amount of loans of each type Madison should extend to each category to maximize its returns P in millions of dollars.
Business
1 answer:
Deffense [45]3 years ago
7 0

Answer:

Ans. Car loans must be $4,000,000 and Home loans $16,000,000 in order to use all the conditions in the problem. Return= $2,000,000

Explanation:

Hi, well, you need to make sure to get as many car loans as the conditions of the problem allows you, since it returns 14%.

I used MS Excel solver to find this result, please download the excel spreadsheet attached to this answer.

Best of luck.

Download xlsx
You might be interested in
Name some goods and services that are provided by the government.
Brilliant_brown [7]
Lampposts, sidewalks, dunes
4 0
3 years ago
The pattern in which a lab scope shows all the cylinders firing in sequence is called the:________
alisha [4.7K]

Answer: parade pattern

Explanation:

To evaluate condition of an ignition system, the primary tool that is typically used is the lab scope or the oscilloscope. While the time is being displayed in an horizontal manner, the voltage is being displayed in a vertical manner.

The pattern The pattern in which a lab scope shows all the cylinders firing in sequence is simply referred to as the parade pattern. It simply shows the amount of voltage that'll be needed to fire the spark plugs.

6 0
2 years ago
Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 year
cupoosta [38]

Answer:

b. $301.10

Explanation:

Current Sales = P = $225,000,000

Growth rate = g = 6%

Number of year = 5 years

Using simple growth formula we will find the Sales value after 5 years.

Future Sales = Current Sale ( 1 + growth rate )^Number of years

A = P ( 1 + g )^n

A = 225,000,000 x ( 1 + 0.06 )^5

A = 225,000,000 x 1.33823

A = 301,101,750 = 301.10175 Million

So, the correct option is b. $301.10.

3 0
3 years ago
Hunt Advertising is collaborating on an initiative with the Odessa Arts Council, a nonprofit organization, by providing public-r
natita [175]

Incomplete question. The options:

a.  green marketing

b.  effect-related marketing

c.  cause-related marketing

d. relationship marketing

Answer:

<u>c.  cause-related marketing</u>

Explanation:

Note, a marketing effort that is centered primarily on making an impact or a said cause; usually, it involves a mutually benefiting agreement, in which a corporation would collaborate with a non-profit such that

  1. the corporation benefits (maybe in terms of sales), and
  2. the non-profit benefits in terms of fulfilling a cause.

The idea is that consumers would be drawn if they see that when they pay for a particular service or product, they will be contributing to a good cause.

6 0
2 years ago
Which jobs would be included in the Marketing, Sales, and Service career cluster?
Alinara [238K]

Answer:

Survey Researcher

Public Relations Specialist

Telemarketer

Purchasing Manager

Explanation:

I just got this answer correct on my online exam.

7 0
3 years ago
Other questions:
  • During the Obama administration, the development of low-cost batteries for electric cars received large amounts of federal fundi
    9·1 answer
  • A company reported cost of goods manufactured of 50,000 on the statement of cost of goods manufactured. If the beginning balance
    10·1 answer
  • Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p
    9·1 answer
  • Assume that 11 comma 200 units were in beginning WIP​ Inventory, 35 comma 500 were​ started, 33 comma 000 were​ completed, and 1
    13·1 answer
  • The price of a stock put option is __________ correlated with the stock price and __________ correlated with the strike price. n
    15·1 answer
  • Q 11.26: The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at so
    11·1 answer
  • Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5
    15·1 answer
  • If Yolanda wishes to understand her coworkers more deeply, she should study their ______.
    13·2 answers
  • What measures can Nando’s use to assess environmental turbulence within the macro-environment?
    7·1 answer
  • when microwave ovens were in the introduction stage of their product life cycle, some consumers were willing to pay exorbitant p
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!