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Damm [24]
3 years ago
7

Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi

tional $6,200. Use ordinary interest. a. Determine the total interest use the U.S. Rule. (Do not round intermediate calculations. Round your answer to the nearest cent.)
Business
1 answer:
shutvik [7]3 years ago
4 0

Answer:

1,073.54 total interest

Explanation:

39,000 x 9% x 80days/360 = 780 interest expense

Payment 4,200 - 780 = 3,420 deducted form the note:

39,000 - 3,420 = 35,580

35,580 x 9% x 33/360 = 293.54 interest expense

6,200 - 293.54 = 5,906.47 deduced form the note

35,580 - 5,906.47 = 29,673,53

293.54 interest expense

780 interest expense

1,073.54 total interest

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Germany is capital abundant country and Japan is labor abundant country. If computers are produced mostly by capital and beer is
wel

Answer:

If computers are produced mostly by capital and beer is produced mostly by labor, the H-O model predicts that

Germany will export computers in exchange for beer.

Explanation:

The H-O model or Heckscher-Ohlin theory is an economic model about the comparative advantages of nations in international trade.  The model tries to explain the equilibrium of trade existing between two countries that have varying specialties and natural resources.  According to the H-O model, countries export more goods and services for which they have plenty resources than they do for goods and services for which they have scarce resources.  For example, if a country has capital in abundance, it will export more of capital-intensive products while it will import labor-intensive products, because it has scarce labor resources.

6 0
3 years ago
On May 1 Ralph offers to cure and smoke Sam’s pork, and promises to keep the offer open until June 1. On May 3 Ralph mails Sam a
garik1379 [7]

Explanation:

I would say may 6th because Sam didn't know Ralph was going to revoke until May 5th and that only makes it half final because Ralph wouldn't know in anyway except through a letter that Sam has received his letter and agreed or disagreed.

May 6th is when he gets the confirmation. So both people know on May 6th.

If this is too confusing ( like it was for me I had to read it 6 times ) then think about it this way. if you make a deal with a fisherman to buy fish on Wednesday and you send him a lettering sunday that arrives a day later, the fisherman won't know until a day later (Monday) and on that day he receives it you don't know if he got it. That's why it's half official. when he send a letter that arrives the day after he got your letter (tuesday) then you know that he understood you won't make it on Wednesday making it fully official.

does this make sense? if so hope it helps.

6 0
3 years ago
Which statement below best answers the economic question "How to produce"?
FromTheMoon [43]

Answer:

An artisan uses local wood from a sustainable tree farm to make products.

(third option listed)

Explanation:

<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.

So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.

read more about production at brainly.com/question/1462676

hope this helps!!

4 0
2 years ago
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
Vesna [10]

Answer:

EOQ= 300 units

Annual ordering cost= $3750

Annual holding cost =$3750

Re-order point =100 units

Explanation:

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √ (2× Co× D)/Ch

EOQ = √ (2× 75× 15,000)/25

EOQ = 300 units

Annual holding cost

= EOQ/2 × holding cost per unit

= 300/2 ×  $25

=$3750

Annual ordering cost

= Annul demand/EOQ × ordering cost per order

=( 15,000/300)× $75

= $3750

Re-order Point

Maximum consumption × maximum lead time

=( 15,000/300)× 2 = 100 units

6 0
3 years ago
Modern economics as a field of study is usually thought to have begun with which of the following?
o-na [289]
Okay I am going on a generalization of modern economics as a field of study is usually thought to have begun with which of the following because you have not really provided us with much to go. Therefore, my answer to this is as follows:

- Adam Smith and the Wealth of Nations

Per my textbook. Thanks
3 0
3 years ago
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