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2 years ago

The interest charged on a $252000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)

Business

1 answer:

earnstyle [38]2 years ago

3 0

Answer: Interest charged=$3,780

Explanation:

Interest is the amount of money a borrower pays to its lender for money loaned to him or her at a particular time and rate It can also be money accrued from investments or deposits in financial institutions. It is calculated as

Interest charged = Principal x Rate x Time

= $252,000 x 6% X 90/ 360

=$3,780

The interest charged on the note payable =$3,780

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Wilfred Nadeau owns 300 shares of Consolidated Glue. The company's board of directors recently declared a cash dividend of 45 c

dedylja [7]

Answer:

a. Zero dividend.

b. 3.5 new shares;

texes will be paid.

Explanation:

a. March 20 is a date earlier than when the dividends are too be paid on April 18, and as such Wilfred Nadeau will not receive any dividend if he sells his stocks since he no longer has ownership of them.

b. 45 cents dividends per 300 stocks of Wilfred is $135 (reinvestment dividend plan).

With a discount of 3.4% at $39.8 (3.4%*39.8) current price per stock makes the total cost per stock after discount= $38.4.

Dividing the reinvestment dividend plan over the discounted price (135/38.4) = 3.5 new shares, According to the requirements of law the investor must still pay tax annually on his or her dividend income, whether it is received as cash or reinvested.

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3 years ago

"stars" are one of the four types of employees based on the degree of organizational commitment and task performance. "stars" ar

olga55 [171]

The answer to the blank space is voice. There are four types of employees besides stars, and they are: land mines, not yet gone, and students.

These employees are classified into the four categories based on two important questions: Is this employee a cultural fit? Is the employee a contributor?

Stars would fit culturally and be an active contributor, while students are culturally fit but not yet a contributor. Land mines are not culturally fit but are active contributor while not yet gone are both not culturally fit and not active contributor.

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3 years ago

In operations management, _____ means using resources to create value by providing customers with goods and services that offer

Bess [88]

Operational management manages activities that are involved in creating value by producing goods and services and distributing them to customers.
Effectiveness is a term used in operational management to describe using resources to create value by providing customers with goods and services that offer a better relationship between price and perceived benefits.

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3 years ago

Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of

stiv31 [10]

The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>

A monthly interest rate is simply the amount of interest charged in one month.
This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
CPT PMT which equals $386.67

Therefore, the monthly payment is $386.67.

Know more about monthly interest rates here:

brainly.com/question/2151013

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1 year ago

An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F

yawa3891 [41]

Answer:

The contribution margin for Sam's Bookstore for the first quarter is 0.84 or 84 %

Explanation:

Contribution Margin = Contribution ÷ Sales

Where,

Contribution = Sales - Variable Costs

where,

Sales :

Sales = $ 900,000

Number of Books Sold = $ 900,000 ÷ $50

= 18,000 books

Variable Costs Calculation :

Cost of goods sold $630,000

Variable selling expenses ($5 × 18,000 books) $90,000

Variable administrative expenses( 4% × $ 900,000) $36,000

Total Variable Costs $756,000

Therefore,

Contribution Margin = $756,000÷ $ 900,000

= 0.84 or 84 %

7 0

3 years ago