Answer:
This will be false
Explanation:
Base on the scenario been described in the question, it is false because the rate can go above 8% at the first adjustment and according to how high the chosen index might rise, it can also go above 11% which is stated that it cannot, so it is false.
Answer:
Net cash used in operating activities = $20,900
Explanation:
There is a prescribed treatment of increase in current assets and current liabilities, if there is any increase in current assets such increase is deducted from operating cash flow,
and any decrease in current liabilities is added as a step to calculate cash flow from operating activities.
Therefore with this we have
Net Operating cash Flow
Less: Increase in current assets = ($22,000)
Add: Decrease in Current Liabilities = $1,100
Net cash used in operating activities = $20,900
Answer:
The correct option will be a. Late Payment Fee
Explanation:
A late payment fee also know as late charge is a charged to a borrower who misses paying at the stipulated payment date based on the agreement. For you to avoid paying that fees, ensure that you pay at least the minimum amount by the due date. So among all fees stated, all are charges made by the bank, but the late charge fee is not included until u failed to make payment on time, while others are fixed charges put in place by the banks.
Answer: $13.50
Explanation:
The following information can.be deduced from the question:
Distance covered = 1500 miles
Cost per mile = $ 4.50
We need to calculate the total cost of the transportation first. This will be:
= 1500 x $4.50
= $6750
We are further told that it normally ships 500 units at a time.
Therefore, tge line haul cost per unit will be:
= $6750/500 = $13.50
Answer:
The correct answer is B. elastic.
Explanation:
Elastic demand occurs when, when any price changes for a good, the quantity demanded is drastically affected. In this case, there is a considerable variation in the price of the tickets, since there is no substitute good that people can access. This behavior is contrary to inelastic demand, since there is little or no variation in it.