Business

21 March, 04:37

As a small business owner, you need to set up an office in your house. You estimate it will cost $6000 to buy furniture and supplies. Calculate the simple interest for one year if you used the following methods of credit to make these purchases: (a) retail credit card 24 percent, (b) universal credit card 17 percent, and (c) term loan 8 percent.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “As a small business owner, you need to set up an office in your house. You estimate it will cost $6000 to buy furniture and supplies. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A $15.00 tax levied on the sellers of car batteries will Use letters in alphabetical order to A) cause the demand curve for car batteries to shift to the left by $15.00.

During the month of March, Munster Company's employees earned wages of $64,000. Withholding related to these wages were $4,896 for Social Security (FICA), $7,500 for federal income tax, $3,100 for state income tax, and $400 for union dues.

Explain why taking a monotonic transformation of a utility function does not change the marginal rate of substitution (MRS).

What do markets allow us to do? to exchange things we have for things we want or need to get the lowest prices for what we buy to get the highest prices for what we sell to sell the most goods we possibly can

Two alternatives have the following cashflows. Year A B 0 - $6000 1 - $500 2 - $1000 3 - $1500 4 - $2000 5 - $2500 -$6000 - $7500 Based on a 9% interest rate, which alternative should be selected?

New Questions in Business

Given the following information, what are the values of M1 and M2? Small time deposits $650 billion Demand deposits and other checkable deposits $300 billion Savings deposits $750 billion Money market mutual funds $600 billion Traveler's checks $25

Your broker requires an initial margin of $6,075 per wheat futures contract and a maintenance margin of $4,500 per contract. Wheat futures contracts cover 5,000 bushels and are quoted in cents per bushel.

Which of the following would be covered by a home insurance policy? Wind damage to your roof Damage to another person's car when driving Hospital expenses for surgery Accidental injury to a coworker on the job

As a source of information about dress, the advantage of extant costumes or artifacts is that: a. We can see, feel, and describe how the object is made. b. The form of dress is exaggerated can. They prescribe how to dress. d.

Match the following definitons with appropriate options given in below: Definitions: 1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various