In the acronym SMART, what does the “M” stand for? Material

Mental

Maintainable

Measurable

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

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?