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Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont

Snowcat [4.5K]

Answer:

The total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Explanation:

Hi, in order to find the total amount that Rahul will owe the bank in 3 months, we need to use the following formula (this is for a compounded daily rate).

$FutureValue=PresentValue(1+\frac{r}{365} )^{\frac{n*365}{12} }$

Where:

r = compounded rate (in our case, 10% compounded daily)

n = time in months of the loan

PresentValue = $18,000

Everything should look like this.

$FutureValue=18,000(1+\frac{0.10}{365} )^{\frac{3*365}{12} }$

$FutureValue=18,000(1+0.000273973 )^{91.25 }=18,455.61$

So, the total amount that Rahul owes the bank at the end of the loan's term is $18,455.61

Best of luck

5 0

3 years ago

As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in

7nadin3 [17]

Answer:

A. bill of lading

Explanation:

The bill of lading is the document that supports the sales invoice as the bil of lading contains the details regarding the shipment and the confirmation with respect to the delivery

So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0

3 years ago

All of the following except

JulijaS [17]

Answer:

C

Explanation:

3 0

3 years ago

Critical analysis Q8 Complete the following statement. An unexpected increase in the price level will temporarily output and emp

tester [92]

Answer: INCREASE; DECREASE

Explanation:An unexpected increase in the price of goods and services will cause a temporary output and employment,this is so because producers will respond to the rise in price by increasing the amount of goods and services supplied to the market,this will lead to a rise in employment.

An unexpected decrease in price level will lead to a decrease in the output by producers and employment will drop accordingly. This tries to show how price determines change in supply and employment.

6 0

3 years ago

Privett Company Accounts payable $33,264 Accounts receivable 67,719 Accrued liabilities 6,039 Cash 20,980 Intangible assets 39,9

xz_007 [3.2K]

The total amount of quick assets is equal to $119,232. therefore, Option B is the correct statement.

<h3>What are Quick Assets?</h3>

Quick assets encompass cash available or current assets like accounts receivable that may be transformed to cash with minimum or no discounting.

Companies have a tendency to use the short assets to cover short-time period liabilities as they arrive up, so speedy conversion into cash (excessive liquidity) is critical.

Inventories and prepaid expenses aren't quick assets due to the fact they may be hard to transform into cash, and deep discounts are sometimes needed to do so.

The amount of quick assets is equal to Accounts receivable plus Cash plus Marketable securities.

Quick assets = $67,719 + $20,980 + $30,533

Quick assets = $119,232

Hence, the total amount of quick assets is equal to $119,232. Option B is the correct statement.

learn more about quick assets:

brainly.com/question/11209470

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5 0

2 years ago