1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ainat [17]
3 years ago
11

Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_

______.A. $6,000 B. $1,500 C. $ 500 D. $ 3,000
Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer:B. $1,500

Explanation:

Interest revenue is  money earned when an entity or individual  loans   money to another.  it can also be regarded as money accrued  from investments. IT is calculated as  

Interest Revenue = Principal x Rate x Time

= $100,000 x 6%  x 90/360

= $100,000 x 0.06 x 0.25

= $1,500

Therefore the interest charge by the bank is $1500.

You might be interested in
How do i solve capital for a month on a balance sheet
stepan [7]
Capital for a month on a balance sheet:

The net working capital formula is calculated by subtracting the current liabilities from the current assets. Here is what the basic equation looks like. Typical current assets that are included in the net working capital calculation are cash, accounts receivable, inventory, and short-term investments.
7 0
3 years ago
The ________ phase of the strategic marketing process usually results in a(n) ________ that sets the direction for the marketing
zhenek [66]

Answer:

planning; marketing plan

Explanation:

The planning phase is the second phase of any activity. It is basically made after analysis of all the problems and opportunities.

Planning phase basically aims at organizing the techniques for achieving the aims. This aims for planning phase to achieve the sales and set targets for gaining maximum performance in marketing. This sets all the strategies and policies for marketing.

7 0
3 years ago
The term ____________________ refers to a market exchange that affects a third party who is outside or external to the exchange.
Flauer [41]

Answer: B. spillover

Explanation:

A Spillover is used to refer to the effects of an Externality which is what happens when a market exchange leads to effects on a third party that was not party to a transaction between the contracting parties.

The activities that result from the transaction spillover to the third party and can be either negative or positive. A negative spillover would be countries in Africa getting harsher global warming effects due to companies in china polluting the atmosphere.

5 0
3 years ago
What report do you receive after you complete the FAFSA?
suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

This is the report you get after completing the government provided FAFSA.

3 0
4 years ago
Read 2 more answers
How did the conflicts between labor unions and business capital evolve during the gilded age? be sure to address strikes, the ev
slavikrds [6]
The industry's progress was confronted with a tough attitude of trade unions which had taken strength after the war.
The strategy adopted was the struggle for wage increases and the conservation of a monopoly power, which in many cases affected the introduction of technical improvements.
At that time, international sectoral trade unions and multinational corporations negotiate international framework agreements that allowed for Labour advancement.
It should also be noted that from the creation of the International Workers Association (IWA), the First World Trade union centre of the working class, the right to strike is recognised as one of the fundamental rights of the individual.Since then, representatives of workers from different countries jointly deal with the social problems that concerned them.
6 0
3 years ago
Other questions:
  • Kubin Company’s relevant range of production is 13,000 to 18,000 units. When it produces and sells 15,500 units, its average cos
    9·1 answer
  • Match the following definitions to your vocabulary words. 1. separation from a main group to form a new group as a result of dis
    9·1 answer
  • Rusty is a project manager who has 15 employees reporting directly to him. those 15 employees are rusty's ________
    5·1 answer
  • The Containers Inc. experienced the following events during its first year of operations,
    7·1 answer
  • In 2000, a star major-league baseball player signed a 10-year, $266 million contract with the Texas Rangers. Assume that equal p
    14·1 answer
  • Selected balance sheet and income statement information for Home Depot follows.
    15·1 answer
  • What are the four key factors in a firm’s credit policy? How would a relaxed policy differ from a restrictive policy? Give examp
    10·1 answer
  • Which of the following strategic concepts allow a firm to achieve its missions? A) productivity, efficiency, and quality leaders
    11·1 answer
  • Economies that arise from performing a value creation activity in the optimal place for that activity are referred to as: produc
    15·1 answer
  • When might a generic message be appropriate to use? Question 20 options: (ANSWER ASAP PLS)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!