subject
Business, 05.10.2019 05:20 meth77

Dr. ruth is going to borrow $5,800 to write a book. the loan is for one year and the money can be borrowed at either the prime rate or the libor rate. assume the prime rate is 9 percent and libor 1.0 percent less. also assume there will be a $55 transaction fee with libor (this amount must be added to the interest cost with libor). a. what is the effective interest rate on the libor loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. which loan has the lower effective interest cost? libor prime

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 23:00
Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is:
Answers: 1
question
Business, 23.06.2019 00:00
Review the key ethical and social issues over the last five decades and place each on the timeline in chronological order. note that once you complete this part of the question, you will be unable to adjust your answers.
Answers: 3
question
Business, 23.06.2019 00:40
Skathy lee berggren, a professor of oral communication at cornell university, indicates “a lot of my students re­ally [only] scratch the surface with the type of research they’re doing.” according to andy guess, at inside higher ed, “just because students walk in the door as ‘digital natives’, doesn’t mean they’re equipped to handle the heavy lifting of digital databases and proprietary search engines that comprise the bulk of modern, online re­search techniques.” students erroneously think a google search is research. as you read through the reasons that should stimulate your interest in studying research methods or evaluate the nine factors that guarantee good research, what actions do you propose to narrow the gap between students’ research competence and what’s required of a modern college graduate about to become a manage
Answers: 1
question
Business, 23.06.2019 04:40
What does bargain in good faith mean?
Answers: 1
You know the right answer?
Dr. ruth is going to borrow $5,800 to write a book. the loan is for one year and the money can be b...
Questions
question
Mathematics, 28.05.2020 10:58
question
Mathematics, 28.05.2020 10:58
question
Mathematics, 28.05.2020 10:58
question
Mathematics, 28.05.2020 10:59
question
Mathematics, 28.05.2020 10:59
Questions on the website: 13722367