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vladimir2022 [97]
3 years ago
6

In calculating the bank discount when discounting an interest bearing note, which one of the following is not used in calculatio

n? A. Bank discount rate
B. Maturity value
C. Principal proceeds
D. Discount period
Business
2 answers:
Anna71 [15]3 years ago
4 0
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period

Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value

Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
____ [38]3 years ago
4 0

The correct choice is "C. Principal Proceeds".  This answer is 100% correct

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Gilda has an idea that would streamline​ operations, reduce​ costs, and increase profits. Her idea requires the cooperation of s
Jet001 [13]

Answer:

Evidence based.

Explanation:

Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.

Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.

Characteristics:

- It’s about the process

- It’s not about certainties (this will work)

- It’s is about probabilities and likelihoods

- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)

7 0
4 years ago
Ellen Co. has offered their customers a 1% discount off the amount owed if they pay within 15 days of receiving their bill. Hand
bogdanovich [222]

Answer:

Money send to Ellen = $2163.15

Explanation:

Discount offered by the Ellen Co. = 1%

Owed amount = $2185

Since the amount is repaid within 15 days to the offer of a 1% discount will be applicable. So the Handler will send an amount that is 1% less than the actual amount.

Money send to Ellen = 2185 - (1% x 2185)

Money send to Ellen = $2163.15

3 0
3 years ago
Both the employee and the employer contribute to the F.I.C.A. fund and to the Medicare program. True or False
denpristay [2]
True, the employer and employee will have to contribute to F.I.C.A and the Medicare program. 
7 0
3 years ago
Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use rounded number
marishachu [46]

Answer:

a)   7.627144987

b)   5.605222315

c)  20.04031392

d)  10.17644951

Explanation:

We need to solve for years starting from the future value of a lump sum formula:

PV(1+r)^n=FV\\

We use logarithmics properties and solve:

(1+r)^n=FV/PV\\\\log_{1+r}(FV/PV) = n\\\\n = \frac{log FV/PV}{log (1+r)}

a)

log(1655/800)/log1.1 = n

7.627144987

b)

log(4250/2491)/log1.08 = n

5.605222315

c)

log(392620/33905)/log1.13 = n

20.04031392

d)

log(214844/33600)/log1.20 = n

10.17644951

5 0
3 years ago
Abbot Inc. is considering the following investment opportunities. Required Compute the future value under each of the investment
Over [174]

Answer:

$ 67,196

$132482

$88,727

$131,761

Explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

m =number of compounding

$50,000 x ( 1 + 0.06/2)^10 = $67,196

$60,000 x ( 1 + 0.08/4)^40 = $132,482

$40,000 x (1 + 0.1/12)^96 = $88,727

$80,000 x ( 1 + 0.05 /12) ^120 = $131,761

7 0
3 years ago
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