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3 years ago

12

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $

250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan

1 answer:

I am Lyosha [343]3 years ago

4 0

The correct answer is 10.38%

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Jones Corporation reported current assets of $191,800, current liabilities of $137,000, and total liabilities of $275,714 on its

VMariaS [17]

Based on the information given the current ratio is:1.4.

<h3>Current ratio</h3>

Using this formula

Current ratio=Current assets/Current liabilites

Where:

Current assets=$191,800

Current liabilities=$137,000

Let plug in the formula

Current ratio=$191,800/$137,000

Current ratio = 1.4

Inconclusion the current ratio is:1.4.

Learn more about current ratio here:brainly.com/question/2686492

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2 years ago

Michael has the ability to create and articulate a realistic, credible, and attractive vision of the

irina1246 [14]

Answer:

Visionary.

Explanation:

A visionary leader is someone who has a clear-cut idea of what he/ she wants in the future. This type of leader will be able to not only create and articulate a clear idea, a realistic idea but also be credible and provide an attractive vision for the company's future.

The leader will help set up a realistic plan to further improve the company, bringing his vision to reality. This will help the company or organization to grow and improve. Likewise, Michael is a visionary leader, with his creative and realistic vision for the organization. He will lead the team to a better, improved future for not only himself but everyone.

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2 years ago

Niels owned three adjoining parcels of land in Arizona. Hannah wanted to buy one. Over dinner, the two sketched and signed this

mart [117]

Answer:

Hannah will lose her suit.

Explanation:

Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.

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3 years ago

Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead va

slega [8]

Answer:

$79,750

Explanation:

On July 15 - for 10 days tour guide

Debit - Accounts Receivable ----- $29,000

Credit - Service rendered -------- $29,000

On July 31 - for 15 days tour guide

Debit - Accounts Receivable ----- $50,750

Credit - Service rendered -------- $50,750

Note - Service rendered = Daily pay ($2,900 * 15) + Daily bonus for 25 days ($290 * 25) = $43,500 + $7,250 = $50,750

On July 31

Debit - Accounts Receivable ----- $79,750

Credit - Service rendered -------- $29,000 - July 1 - 15

Credit - Service rendered -------- $43,500 - July 16 - 31

Credit - Bonus-------------------------- $7,250 - July 1 - 31

8 0

2 years ago

Cross-docking is when vendors ship merchandise prepackaged in the quantity required for each store and when the products arrive

svetlana [45]

Answer: True

Explanation:cross docking is often used because it a simple process and to increase efficiency in operations .

The definition above is similar to numerous definition of cross docking and captures the essential features of cross docking .So the answer is true

5 0

3 years ago

Read 2 more answers