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
Signature Appliance Group decided to remove the grill unit from the ovens it sells in South America after customers complained t
kifflom [539]

Answer:

Signature Appliance Group

The environmental force that caused the company to change its product features is:

the Social and Cultural Environment.

Explanation:

The Social and Cultural Environment refers to the changing needs of customers in South America as a result of the values, attitudes, and preferred styles of consumers. These are always in a state of flux every year.  Since customers preferred to grill outside rather than inside their kitchens, adding the grill unit in the ovens that the company sells in South America will not enable customers to choose its ovens over competitors'.  To respond to the stated needs of its customers, the grill must be removed, thereby reducing the cost of the ovens.

4 0
2 years ago
Describe two examples of important things that financial planning skills can help you do, and explain why these things are impor
Alex777 [14]

Answer:

Two examples of important things that financial planning skills can help us do are:

  1. Acquire a strong savings habit
  2. Set realistic goals

Explanation:

Acquire a strong savings habit: This is achievable when a person has a clear understanding of how much are their expenses and how much is needed to be save in order to acquire capital goods or to construct a fund for unexpected costs.

Set realistic goals: When a person knows how much its income is and has a realistic financial planning he knows what goals are achievable and which are not.

7 0
3 years ago
All of the following are disadvantages to the franchisee except
katrin2010 [14]
Buying an established business means already has books set up & has loyal customers
6 0
3 years ago
Read 2 more answers
Suppose a typical consumer buys 20 units of food and 10 units of clothes in the year 2307, when the price per unit of food is 10
LenaWriter [7]

Answer:

Inflation= 3.3%

Explanation:

Giving the following information:

Suppose a typical consumer buys 20 units of food and 10 units of clothes in the year 2307, when the price per unit of food is 100 and the price per unit of clothes is 200. In 2308, when the typical consumer buys 20 units of food and 20 units of clothes, the price of food is 110, while the price per unit of clothes remains at 200.

Inflation= (310 - 300)/300= 0.033= 3.3%

8 0
4 years ago
Irma does not agree with the standard operating procedures adapted for the new project. However, she discusses the items with th
xxMikexx [17]

Answer:

Accommodating

Explanation:

Accommodating is the term in business which means resolving the conflict through placing the concern of the others above of its own at the workplace.

For example, if the person is not agreeing to a point where all the other members of the team are agreeing on that, so accommodating is the kind of intention, which make the business successful by making that person agreeing on that.

So, in this case, Irma is not agreed with the procedure of operating for the new project. Therefore, in order to make the new operations smooth, Irma needs to accommodate himself.

6 0
3 years ago
Other questions:
  • Workers who have the skills to operate machines and who require a minimum amount of training are
    15·1 answer
  • What is the typical relationship between time and interest rate
    11·2 answers
  • 6. GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists th
    14·1 answer
  • Amy got into trouble last week. She was hanging out with some of her friends, and when they suggested that shoplifting would be
    12·1 answer
  • Which of the following is the least reliable resource for fraud statistics? a. Fraud perpetrators. b. FBI agencies. c. Health ag
    14·1 answer
  • Kit-N-Sit and Kittysitters are two cat-sitting services in Kent, Ohio. There are no other cat-sitting services, so the market is
    10·1 answer
  • When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 4 and 28 w
    8·1 answer
  • What is the first step she should take to solve her problem
    11·2 answers
  • A campus has a policy that requires all chalkings to be removed each friday by designated staff. Is this policy content-neutral?
    14·1 answer
  • A company that is not a commercial bank issues a 10-year bond. it is exempt from sec registration, regardless how sold. the issu
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!