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tensa zangetsu [6.8K]
3 years ago
11

A company receives a 10%, 90-day note for $2,700. The total interest due on the maturity date is: (Use 360 days a year.)

Business
1 answer:
Rom4ik [11]3 years ago
8 0

Answer:

Interest amount = $67.5

Explanation:

Use the below formula to find the interest amount:

Interest amount = The value of note x Interest rate x (90 / 360)

Given value of note = $2700

Interest rate = 10%

Time = 90/360

Now plug the value in the above formula and solve for the interest due:

Interest amount = The value of note x Interest rate x (90 / 360)

Interest amount = 2700 x 10% x (90 / 360)

Interest amount = $67.5

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i think it's" B" , from the explanation!

Explanation:

Free trade increases the size of the economy as a whole. It allows goods and services to be produced more efficiently. ... Free trade is good for consumers. It reduces prices by eliminating tariffs and increasing competition. Greater competition is also likely to improve quality and choice.

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You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will
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Answer:

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Following ethical standards that have been outlined by the company you work for are___standards(apex)
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5 0
3 years ago
A credit card issuer charges an apr of 13.50%, and its billing cycle is 30 days long. what is its periodic interest rate?
Serga [27]
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8 0
3 years ago
Read 2 more answers
Stuart Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside S
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Answer:

a) Contribution from the special order= $52,640.  

b) Stuart should accept the order

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The amount of contribution to profit from the special order is the difference between the revenue  and the relevant cost of variable cost of the special order.

The relevant cost of the special order is equal the sum of all variable cost only.

Note that the allocated facility overhead is irrelevant to whether to accept or reject the order. This is so because the costs would still be incurred either way.

Relevant variable costs of special order = (880 + 510) × 47 = $65,330

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Contribution from the special order =$117,970.00 -  $65,330

                                                            = $52,640.00

B) Stuart should accept the special order because it would increase its profit by $52,640.  

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3 years ago
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