Melody Diaper Service is a local company that launders and delivers baby diapers. They need to borrow $6,200 to buy some new washing and drying equipment. Their loan is for 180 days at 8% exact simple interest. Compute the interest that Melody will need to pay for this loan. (Use a 365-day year.)
$6,200 × 0.08 × 180/365 = $244.60
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On the statement of cash flows, depreciation would be classified as?
a. A financing activity. b. An operating activity. c. An investing activity. d. A noncash activity.
In 2012, Wingen Inc sold 325,000 units at $8 each. Sales volume is expected to increase by 15 percent in 2013 while the price of each unit is expected to decrease by 15 percent. The expected sales revenue for 2013 is:
A) $ 373,750 B) $2,541,500 C) $1,878,500 D) $2,990,000
An important insight of international trade theory is that when countries exchange goods and services one with the other it
A. is typically beneficial only to the low wage trade partner country. B. is typically harmful to the technology lagging country. C. is always beneficial to both countries. D. is usually beneficial to both countries. E. tends to create unemployment in both countries.
If an employer fails to train an employee, knowing that he is without necessary skills and may injure others, and someone is injured, that person states a claim for:
a. negligent hiring b. negligent background check c. negligent training d. none of these