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Orlov [11]
3 years ago
13

Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repaid after 120 days, with Simpson paying a to

tal of $12,400. What is the approximate cost of credit using the APY, or annual percentage yield, calculation?
A. 4.33%B. 10.34%C. 12.25%D. 12.46%
Business
1 answer:
jek_recluse [69]3 years ago
3 0

Answer: B. 10.34%

Explanation:

Based on the information that has been provided in the question, first and foremost, we have to know the amount of interest paid which will be:

= $12400 - $12000

= $400

We tgen calculate the cost of capital which will be:

= 400/12000

= 3.33%

Then, Annual percentage rate will be:

= 3.33% × 365/120

= 3.33% × 3.04

= 10.34%

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Cleoca is considering renting a car for the weekend. The weekend daily rate is
irina [24]

Answer:

$119.97

Explanation:

Given,

The weekend daily rate for the rental cost = $39.99

Total number of days = Friday morning, Saturday, and Sunday = 3 days

The rental cost for renting Cleoca's car for the weekend = Number of weekend days × the weekend daily rate for the rental cost

The rental cost = $39.99 × 3 days

The rental cost = $119.97

Therefore, her rental cost for renting the car is $119.97 for the weekend.

8 0
3 years ago
Read 2 more answers
In some industries, low switching costs can act as an important barrier to entry.
Mazyrski [523]

FALSE

In some industries, high switching costs can act as an important barrier to entry.

Barrier to entry is defined as conditions which prevent companies to enter in a market. It limit the competition as no new firm easily join the market.

Some examples of the barrier to entry is high start-up cost, government regulations, high customer switching cost.

Business earn its profit from customers only , if customers will switch to the substitute product , then company will incur high loss. It will act as a barrier to entry.

It protects the market share. Because if no new comer join then market share will not get shared with other new comer.

To know more about barrier to entry:

brainly.com/question/28199299

#SPJ4

5 0
2 years ago
Managerial employment risk is the: Group of answer choices risk that managers will behave opportunistically. risk undertaken by
klemol [59]

Answer:

Managers' risk of job loss, loss of compensation, and/or loss of reputation.

Explanation:

Managerial employment risk is basically the risk of loss associated to the managers for being a manager.

It not only involves the loss of losing job, but as the person is a manager there is a serious risk attached in the form of loss of reputation and not getting any other job in the market because of poor reputation.

As the managers are responsible for the functioning of any company, and that the performance is equally important and represents the performance of a manager.

If company performs good the manager is called efficient whereas if the company do not perform good, the manager is called inefficient.

Accordingly, a manager faces the risk of losing job, reputation and without even getting any compensation.

8 0
3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
Yuliya22 [10]
Here is the correct order of investments from Lower Risk to Higher Risk: <span> Treasury bond − Diversified mutual fund – Stock

Treasury bond is released by Government, so unless your country went bankrupt, it is safe to assume that you will get the investment back.

Diversified mutual fund puts your eggs in a lot of baskets So in case one of your investment fail, the others could still support your overall investments

Since the stock is a single entity and really fluctuative, it is considered as the most dangerous type of investment.

</span>
3 0
4 years ago
Which of the following describes a system in which suppliers deliver materials at the time they are needed and finished units ar
Elis [28]

Answer:

Letter C is correct. <u>Just in time management.</u>

Explanation:

The just in time management system corresponds to a system whose focus is the elimination of waste in organizational processes, so its fundamental principle is lean production according to demand, so that there is greater speed and there is no stock formation and so that the product reaches the consumer in the right place at the right time.

This management system is very advantageous because it promotes the continuous improvement of organizational processes, in addition to reducing losses resulting from waste, which generates several benefits for a company, such as increasing the speed of the production process and reducing inventory costs, which generates a positive consequence in the entire production chain.

8 0
3 years ago
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