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Taya2010 [7]
3 years ago
9

You get a $3,000 loan at 9% interest for 120 days. The lender uses a 365-day year. How

Business
1 answer:
Luda [366]3 years ago
8 0

Answer:

$3,088.80  

Explanation:

Note that the loan is meant for 120days , however, the interest rate quoted is on an annual basis, hence, the interest for 120 days is 2.96%  ( 9%*120/365).

It is equally important to note that at maturity the loan principal and the interest accrued thus far for 120 days are repayable to the lender as computed below:

total repayment=$3000+($3000*2.96% )

total repayment=$3000+$88.80  

total repayment=$3,088.80  

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Answer: Integrated Communications Unit

Explanation:  The Integrated Communications Unit is one of the NIMS characteristics that  allows units from diverse agencies to connect, share information and achieve situational awareness.

The Integrated communications unit includes:

1. The “hardware” systems that transfer information.

2. Planning for the use of all available communications frequencies and resources.

3.The procedures and processes for transferring information internally and  externally.

Communications needs for large incidents may exceed available radio frequencies. therefore, other communications resources like cell phones or secure phone lines can be the only communications methods used to coordinate communications and to transfer large  amounts of data effectively.

5 0
3 years ago
You and a friend are debating the merits of using monetary policy during a severe recession. Your friend says that the central b
Gala2k [10]

Answer:

The correct answer is "yes, I agree with his reasoning"

Explanation:

Zero nominal interest rate joined with a three percent inflation rate yields a negative connotation for the real​ rate, which is the rate that is important for investment decisiveness.

7 0
3 years ago
Marin's Cleaning Supplies Company has an idea for a cleaner that is universal and can clean any surface type. This could simplif
Oksana_A [137]

Answer:

Test marketing.

Explanation:

Test marketing is an experimental tool used by manufacturers to test the viability of their products under typical market conditions, comprised of stores and real life buying situations, in order to determine its sales performance and ascertain its acceptability by consumers.

Hence, Marin's Cleaning Supplies Company when doing business analysis should consider test marketing strategy when deciding whether to develop the cleaner.

4 0
3 years ago
Katherine Potter knew a good thing when she saw it. At least, it seemed so at first. She was traveling in Italy when she spotted
lilavasa [31]
  • Katherine had to rush to the bank every few months to borrow more money. She didn't really talk to her banker about her financial situation because she had no trouble getting larger loans. You see, she was always on time with her payments. Katherine always took trade discounts to save money on her purchases. That is, she paid all of her bills within 10 days in order to save the 2% discount offered by her suppliers for paying so quickly.
  • Katherine's products were mostly purchased on credit. They'd buy a few lamps and a pot, and Katherine would let them pay overtime. Some were extremely slow to pay her, taking six months or more.
  • Katherine noticed a small drop in her business after three years. The local economy was struggling, and many people were losing their jobs. Nonetheless, Katherine's business remained steady. Katherine received a phone call from the bank one day, informing her that she was behind on her payments. She explained that she had been so preoccupied that she had missed the bills. The issue was that Katherine did not have enough money to pay the bank. She frantically called several customers for payment, but none of them could pay her. Katherine had a classic cash flow problem.
<h3>How is it possible to have high sales and high profits and run out of cash while running a business?</h3>

It is entirely possible if you have a high level of accounts receivables and inventory and a low level of accounts payables. A sale is recorded when an invoice is raised, and a shipment is delivered; this does not always imply that you received cash and that it is recorded in your accounts receivable. Similarly, if you keep a lot of inventory, a lot of your money is locked up until the inventory is sold. On the contrary, if your payment terms with your suppliers are less favorable, you will end up paying before your receivables convert to cash. As a result, high sales and profits do not always imply a strong cash position.

Learn more about profit:

brainly.com/question/13050157

#SPJ4

4 0
2 years ago
Toni and beyonze are married and file jointly. during 2016, they paid tuition for their daughter's college in the amount of $23,
azamat
I think it's B

I hope it helped you!
5 0
3 years ago
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