Business, 05.03.2020 17:10 kiingbr335yoqzaxs
Read the passage. Then answer the question that follows.
Jimena recently took out a fixed-rate loan from a bank in order to purchase a new car. She agreed to repay the loan within five years. Unexpectedly, the inflation rate rose dramatically shortly after she took out the loan.
Will this situation provide more financial benefit to Jimena or the bank? Why?
A Jimena, because the value of the money she was loaned will increase
B the bank, because the value of the money it loaned to Jimena will increase
C Jimena, because she will repay the loan with money worth less than the money she was loaned
D the bank, because it will be repaid with money worth more than the money it loaned to Jimena
Answers: 3
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 21:10
Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?
Answers: 3
Business, 23.06.2019 00:00
1. which of the following is true about how your skill set relates to a future career? (1 point) employers like to hire people with only full-time job experience. employers consider subject-specific skills for new positions. skills learned in high school should not be included. skills from part-time jobs and volunteer work may prove beneficial in future jobs. 2. which of the following is a list of broad categories of skills? (1 point) creativity, art and communications, tools and trade, literacy and language, and interpersonal skills english and literacy, tools and trade, mathematics, and creativity interpersonal skills, intrapersonal skills, writing and literacy, tools and trade, and creativity mathematics and data, words and literacy, tools and tasks, interpersonal relationships, and creativity
Answers: 3
Business, 23.06.2019 02:30
For the year ended december 31, 2019, davidson mart had sales of $ 550 comma 000 and cost of goods sold of $ 412 comma 500. davidson estimates that approximately 2% of the merchandise sold will be returned. the adjusting journal entry on december 31, 2019, would include a
Answers: 3
Read the passage. Then answer the question that follows.
Jimena recently took out a fixed-rat...
Jimena recently took out a fixed-rat...
Mathematics, 25.07.2019 23:00
Geography, 25.07.2019 23:00
Business, 25.07.2019 23:00
Geography, 25.07.2019 23:00
English, 25.07.2019 23:00
Geography, 25.07.2019 23:00
English, 25.07.2019 23:00
Mathematics, 25.07.2019 23:00