. On April 31, 2021, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing note, priced to yield an effective interest rate of 10%. The stated discount rate on this loan is:

C : Less than the effective interest rate

Explanation:

The complete question is as follows;

On April 31, 2016, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing note, priced to yield an effective interest rate of 10%. The stated discount rate on this loan is:

A. More than the effective interest rate.

B. Less than the effective interest rate.

C. Equal to the effective interest rate.

D. Unrelated to the effective interest rate

Explanation;

Here, the correct answer is that the stated discount rate on the loan is less than the effective interest rate.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; blank(1); /// whitelisting; blank(2); // blacklisting;