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Lelu [443]
3 years ago
7

Boats R Us requires $800,000 in financing over the next 2 years. The firm can borrow the funds for 2 years at 12% interest per y

ear. The owner, Boaty McBoaterson, decides to do forecasting and predicts that if he utilizes short term financing instead, he will pay 7.00% interest the first year, and 13.95% interest the second year. Determine the total 2-year interest cost under each plan. Which plan is less costly
Business
1 answer:
a_sh-v [17]3 years ago
4 0

Answer: Short term is less costly

Explanation:

Total interest cost under long term financing = 800,000 × 12% × 2

= 800000 × 0.12 × 2

= $192,000

Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =

= (800000×0.07×1) + (800,000×0.139×1)

= $167,600

Based on the above solution, Short term financing is less costly.

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What is an organizing approach used by labor where employees sign a card of support if they want unionization, and if 50 percent
kumpel [21]

Answer:

Card check (also called majority sign-up) is a method for employees to organize into a labor union in which a majority of employees in a bargaining unit sign authorization forms, or "cards", stating they wish to be represented by the union.

if 50 percent of the workforce plus one worker sign a card, the union considers it a victory? Yes

Explanation:

the unionization process is:

The process of organizing the employees of a company into a labor union which will act as an intermediary between the employees and company management. In most cases, it requires a majority vote of the employees to authorize a union.

Authorization Card Law and Legal Definition. An authorization card is a form signed by an employee to designate a union as his or her bargaining agent. ... If the union gets cards signed by 30% of the employees in an appropriate voting unit (i.e. within a store), it can petition the NLRB for an election.

4 0
4 years ago
In four or more sentences, explain if rent control is a price floor or price ceiling. Then explain one advantage and one disadva
Yanka [14]
Rent control is a mechanism by which the price of renting is kept within certain boundaries, such that it doesn't rise beyond a given level, nor grows at a rate higher than a specified rate. It's therefore a price ceiling. It can't be a price floor because any owner may decide to charge a fee as low as one may not be able to imagine. While there's no restrictions as to how low a landlord can go in terms of charging renters, the concept of price floor can't be considered here.
7 0
3 years ago
A company's plans to minimize theft and enhance the accuracy of accounting information are referred to as:
Alexandra [31]

Answer:

Internal controls.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls in an organization or a company is to guarantee that losses are eliminated as there's a reliable and an accurate accounting system.

This ultimately implies that, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency. Internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.

Hence, a company's plans to minimize theft and enhance the accuracy of accounting information are referred to as internal controls.

5 0
3 years ago
Which C of the four Cs of marketing relates to the place element of the marketing mix?
kompoz [17]

Which C of the four Cs of marketing relates to the place element of the marketing mix? Convenience. When a customer is looking for a place to purchase the product form, they are wanting a place nearby and easy to get to. Consumers want to be able to find the products they are looking for conveniently. Once a consumer can find what they want at the best place, they will continue to look and shop for their product where they know they can find it.

7 0
3 years ago
Which of the following would NOT shift an economy's PPF? *
Lelechka [254]

Answer:

a technological advance

Explanation:

thats a waste of money

5 0
3 years ago
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