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ollegr [7]
3 years ago
8

Peterkin Inc needs to arrange financing for its expansion program. Sandy Bank offers to lend Peterkin the required funds on a lo

an in which interest must be paid monthly, and the quoted rate is 6 percent. Money Plus Bank will charge 6.8 percent, with interest due at the end of the year. Which bank should Peterkin take the loan from
Business
1 answer:
kodGreya [7K]3 years ago
4 0

Answer:

Sandy Bank

Explanation:

to determine which bank  Peterkin would prefer a loan from, calculate the effective annual interest rate

the bank with the lower effective annual interest rate would be preferred

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

Sandy Bank : (1 + 0.06/12)^12 - 1 = 0.062 = 6.2%

Money Plus Bank = 6.8

Sandy bank has a lower effective annual interest rate and would be preferred for the loan

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Nineteen-year-old Devon plans to get a credit card, but his parents say it is not a good idea. What fiscally responsible argumen
skad [1K]

Nineteen-year-old Devon can tell to his parents on giving the disapproval of credit card that He needs a credit card if he wants to make any online purchases.

<h3>What is credit card?</h3>

A credit card is one that is offered to consumers and applied to make acquisitions with the thought that the cardholder will eventually return to the card issuer.

This return eventually for the cost of the things purchased, as well as any agreed-upon fees and interest, if any.

In the above case, Nineteen-year-old Devon wishes to acquire a credit card, but his parents feel it is not a smart idea.

What fiscally sensible argument can Devon present should get his parents to require a credit card if he intends to make any online transactions.

Therefore, option C is correct.

Learn more about the credit card, refer to:

brainly.com/question/27350251

#SPJ1

5 0
2 years ago
Cormax Games is faced with uncertainty due to the large amount of downloadable, inexpensive games for smartphones and tablets th
Allisa [31]

Answer:

B) Using business intelligence to spot significant data that will increase sales

Explanation:

Business intelligence refers to technologies that analyzes big data and obtains useful information from it. That information is then used by the company to help in their decision making processes. optimize their business processes, discover any problems, improve efficiency, increase revenues and ultimately develop comparative advantages and core competencies over their competitors.

3 0
3 years ago
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the s
Alla [95]

Answer:

$71,428.57

Explanation:

we can use the perpetuity formula to solve this question:

present value = future cash flow / (discount rate - g)

  • future cash flow = $10,000
  • discount rate = 6%
  • g = growth rate = -8%

present value = $10,000 / (6% - - 8%) = $10,000 / 14% = $71,428.57

5 0
3 years ago
You are offering a job at a salary of $36,000 per year. Employer taxes (social security, unemployement, etc.) will add 9% to the
Alinara [238K]

Answer:

$48,240

Explanation:

If we are offering a job at a salary of $36,000 per year.

Employer taxes (social security, unemployement, etc.) will add 9% to the cost of the employee and benefits will add 25%.

Then the total expected annual cost to hire the employee will be

Basic Salary 36,000

Add: Employer taxes of  (9% 0f 36000)

Add:  Employee Benefits of (25% of 36000)

Total cost =  $48,240

6 0
3 years ago
The monopolistic advantage theory suggests that firms in oligopolistic industries are likely to _______________ foreign direct i
Andreyy89

Answer:

Group of choices:

A. increase

B. reduce

C. ignore

D. not change

E. none of the above

The correct answer is A. Increase.

Explanation:

The company has, within the national sphere, a monopolistic advantage that should be extended abroad.

Monopolistic advantage theory can take many forms:

* Ability to control a specific product differentiated, because other companies do not have the know-how.

* Exclusive control over raw material or other necessary inputs / components.

* Low unit cost of production due to the large volume of it.

Limitations: Do not replenish because production abroad is the preferred way to exploit these advantages and not through exports or licenses.

8 0
3 years ago
Read 2 more answers
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