Saturn Corporation borrowed $412,000 at interest on May 20 for 72 days. The bank uses the exact interest method. What is the amount of interest on the loan? (Round to the nearest cent)

What will be an ideal response?


$10,158.90

Business

You might also like to view...

Advertising tracking research does not provide information regarding:

A) how an ad is performing compared to previous ads B) why an ad is not performing well C) how an ad is performing compared to the competition D) how an ad is performing over time

Business

Establishing a team identity is facilitated by

A. Team rituals. B. Creation of a project team name. C. Team members working in a common space. D. Effective use of meetings. E. All of these are facilitators of establishing a team identity.

Business

The ______ suggests that when teams first come together, they tend to perform at a low level for a period of time that is more or less equal to half the time until the deadline or due date.

A. punctuated equilibrium model B. stages of group development C. decentralization model D. expectancy theory

Business

A revenue for which the service has been performed but that has not been recorded is a deferred revenue

Indicate whether the statement is true or false

Business