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lys-0071 [83]
3 years ago
7

Vandermark Credit Corp. wants to earn an effective annual return on its consumer loans of 14.75 percent per year. The bank uses

daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers
Business
1 answer:
gulaghasi [49]3 years ago
4 0

Answer:

13.76%

Explanation:

The computation of the interest rate required by law is shown below:

As we know that

Effective annual rate = (1 + Annual percentage rate ÷ number of days)^number of days - 1

0.1475 = (1 + Annual percentage rate ÷ 365)^365 - 1

(0.1475 + 1) = (1 + Annual percentage rate ÷ 365)^365

(1.1475)^ × (1 ÷ 365) = 1 + Annual percentage rate ÷ 365

So, the Annual percentage rate is

= [(1.1475)^ × (1 ÷ 365) - 1] × 365

= 0.1376

= 13.76%

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The network and associated requirements for systems analysts and programmers for the GUMBY project are as follows: a. Draw the n
Setler [38]

Answer:

Detailed answer for the question :

"The network and associated requirements for systems analysts and programmers for the GUMBY project are as follows: a. Draw the network. Compute ESs, LSs, and total slack times.b. Then show the separate resource loadings for systems analysts and programmers, assuming ESs.c. Suppose the maximum weekly availability is eight systems analysts and five programmers. Can activities be scheduled to satisfy these constraints without delaying the project"

  • is in the attached file.

Explanation:

Consider page one of attachment only.

Download pdf
3 0
3 years ago
Determine if the people in the example have benefited (i.e., are winners) or have been harmed (i.e., are losers) by unexpected i
Over [174]

Answer:

Winners

  • The US Federal Government
  • Joy

Losers

  • Karen
  • Herb
  • 3rd National Bank

Explanation:

The US Federal Government is a Winner because Inflation in general has the effect of eroding the value of money. Generally interest rates account for this but when it is Unexpected Inflation they don't. The US government is a winner because the amount of debt they now have in real terms have decreased.

Joy is also a winner for the same reason as the US government.

Karen lost out as a result of this because her Fixed Pension does not change with inflation which means that when inflation rates go up unexpectedly she will be able to buy less goods and services.

Herb's money will lose real value as a result of inflation because like Karen, Herb will be able to buy less goods and services when inflation rises.

3rd National Bank will also lose out because they made loans that would not have accounted for Unexpected inflation. The real value that they will be owed will therefore be less and they will suffer 'real' losses.

8 0
3 years ago
Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
ioda

Answer:

1.53 Million

Explanation:

The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).

8 0
3 years ago
Solutions to deal with social, cultural and demographic issues​
Andreas93 [3]

Answer:

Improvement of social services to a specific area

4 0
3 years ago
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs
Helen [10]

Answer:

The contribution  margin ratio is 35%

Explanation:

The formula for contribution is given below:

Contribution margin = revenue − variable costs.

Contribution margin ratio is given as:

(Sales – variable expenses) ÷ Sales

In this case,contribution is given as 1000*($20-$13), in other words selling price per unit minus variable cost multiplied by number of units sold.

Contribution is $7000

contribution margin ratio =$7000/($20*1000)

                                         =0.35  or 35%

The implies that Hollis Industries makes a contribution of 35% per unit of output sold,hence, the contribution contributes towards covering fixed costs and making profit overall

4 0
3 years ago
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