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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?
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Business, 23.06.2019 03:50
What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.
Answers: 1
Business, 24.06.2019 00:30
Your employer has asked you to start working overtime and has offered to pay $18 per hour for every hour you work beyond forty hours a week. the wage rate for each of the first forty hours will continue to be the usual $15 per hour. in terms of dollars, what is the marginal benefit of working each hour of overtime?
Answers: 2
Business, 24.06.2019 05:30
After working at a company for 15 years, kelly cochrel became permanently disabled and could no longer work. she was 47 years old, and was planning to retire at the age of 65. her final average salary was $69,500 per year. her rate of benefits is 1.5%. what is her annual disability benefit?
Answers: 1
A farmer bought a number of pigs for $175. However, 7 of them died before he could sell the rest at...
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