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andrew11 [14]
3 years ago
12

Billy Thornton borrowed $140,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses

a 360-day year. How much interest would Billy have to pay in a 30-day month
Business
1 answer:
kolbaska11 [484]3 years ago
3 0

Answer:

$845.83

Explanation:

The computation of the interest is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $140,000 × 7.25% × (30 days ÷ 360 days)

= $845.83

Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount

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Answer:

Answer for the question:

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside 2% of total sales revenue for year-end bonuses. The sales are expected to be $5 million the first year, $5.5 million the second year, and amounts increasing by 10% each year for the next 5 years. At an interest rate of 6% per year, what is the equivalent annual worth in years 1 through 5 of the bonus package?

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4 0
3 years ago
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Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $3
Leto [7]

Answer:

b. Borrow $2,500

Explanation:

Preliminary balance = $12,000 + 30,000 - $34,500 = $7,500

Amount to borrow = Minimum cash balance - Preliminary balance = $10,000 - $75,000 = $2,500

Therefore, to maintain the $10,000 required balance, during June the company must $2,500.

8 0
3 years ago
Ryan receives a coupon on his iphone advising him about the location of a taco bell store. this is an example of which requireme
sasho [114]

Ryan receives a coupon on his iPhone advising him about the location of a taco bell store. this is an example of which required for marketing to occur a way for parties to communicate.

Advertising and marketing refer to activities a company undertakes to promote the shopping for or selling of a product or service. Advertising includes advertising, promoting, and turning in merchandise to purchasers or different businesses. Some advertising is completed by using associates on behalf of an organization.

Advertising is the method of exploring, creating, and turning in value to meet the desires of a goal market in terms of products and offerings; doubtlessly along with a choice of a target audience; choice.

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8 0
1 year ago
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut,
Ahat [919]

Answer:

1. B) Deflation

2. A)-10.00%

3. D) 8 

4. E) 8.89 baskets.

5. (A) Rises

Explanation:

Deflation is a fall in general price levels. When deflation occurs, the value of money increases: The purchasing power of money increases.

The deflation rate = ( this year price level - last year's price level ) / last year's price level

Deflation rate =( $9 - $10) / $10 = -10%

In the previous year, $80 would purchase $80 / $10= 8 baskets

This year, $80 would purchase $80 / $9= 8.89 baskets

Inflation is a rise in the general price levels.

I hope my answer helps you

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\Large\color {red} {☘Answer:☘}

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