Ask question

Ask question

All categories

4 years ago

11

Neveready Flashlights Inc. needs $302,000 to take a cash discount of 2/19, net 71. A banker will loan the money for 52 days at a

n interest cost of $11,800. a. What is the effective rate on the bank loan

1 answer:

Gnesinka [82]4 years ago

4 0

Answer:

The effective rate on the bank loan is 27%

Explanation:

The effective rate of Interest

= ($11,800/$302,000)*(360Days/52days)

= 0.039*6.92

=27%

You might be interested in

How many miles is 64km?

Alinara [238K]

Answer:

The Answer is 39.769 miles

5 0

3 years ago

The following information pertains to Carla Vista Company.

Setler [38]

Answer:

Bank account reconciliation:

Bank account balance $7,738

+ Deposits in transit $3,110

<u>- Outstanding checks $696 </u>

Reconciled bank account $10,152

Cash account reconciliation:

Cash account balance $7,774

+ Note (or account) collected $2,426

<u>- Bank fees $48 </u>

Reconciled cash account $10,152

Adjusting journal entries:

July 31, 202x, bank fees expense

Dr Bank fees expense 48

Cr Cash 48

July 31, 202x, bank fees expense

Dr Cash 2,426

Cr Notes (or accounts) receivable 2,426

3 0

3 years ago

Suppose that commodity prices across the economy begin to fall and consumers and firms begin to expect a lower rate of future in

butalik [34]

Answer:

B) The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward.

Explanation:

When the price of key inputs decreases, then the short-run aggregate supply (SRAS) curve shifts to the right, generally resulting in higher production levels (higher supply) due to lower production costs. On the other hand, when the price of key inputs increases, then the SRAS curve shifts to the left.

When inflation expectations decrease or SRAS curve shifts to the right, the short-run Phillips curve shifts to the left.

8 0

4 years ago

A detailed numbering system developed by the United States, Canada, and Mexico to classify North American business establishment

Sergeu [11.5K]

Answer:

It is True

Explanation:

NAKES system is unique among the classifications of economic activities because it was developed based on a conceptual framework (that of production function or production process) that guided its construction as much as possible. In it, activities that have similar production functions are classified in the same category and those that have different production are accommodated in different ones.

It was developed following this unique principle, which allows groupings to be created systematically, always under the same logic, which helps to avoid controversies and interpretation errors.

The System consists of five levels of aggregation: sector (the most aggregate, identified with two digits), subsector (three), branch (four digits), sub-frame (five) and activity class (the most disaggregated level, identified with six digits).

It is common to try to use NAKES to classify products, if the user has that intention with certainty the classifier will disappoint his expectations because the objective of the System is to classify economic activities, not products.

4 0

3 years ago

Bob has been training with you for three months. He has lost 15 pounds (7 kg) and has changed his eating habits. A new position

Musya8 [376]

Answer: Select smaller portions, order grilled items vs. fried, and limit sauces

Exercise often

Explanation:

Dieting asides it involving food has great discipline that is most important. In as much as an individual stops some meal or limit taking some, he needs to be consistent in the decision to stick by appying discipline in eating irrespective of their location, with the goal that was in the mind when the process began. Bob would have to continue with the same routine of food that made him loose weight and what I'll recommend for him would be Select smaller portions, order grilled items vs. fried, and limit sauces. Then, exercise often.

8 0

3 years ago