You are the owner of four Taco Bell restaurant locations. You have a business loan with Citizens Bank taken out 60 days ago that is due in 90 days. The amount of the loan is $50,000, and the rate is 9.5% using ordinary interest.
You currently have some excess cash: $35,000. Due to situations beyond your control, you, as the owner, must make an immediate business decision now to pursue only one of these two choices:

1) sending all of the $35,000 to Citizens Bank as a partial payment on your loan, or

2) using the $35,000 to purchase serving supplies such as food containers, cups, and plastic dinnerware for your inventory. This is the last day to take advantage of the opportunity to save some money due to a special discount price that is "10% off" the normal cost of $35,000 for these items.
Consider these calculations:
(a)
How much interest (in $) will you save on this loan if you make the partial payment and don't purchase the additional serving supplies? (Round your answer to two decimal places.)
$

Incorrect: Your answer is incorrect.
(b)
How much money (in $) will you save if you purchase the serving supplies with the discount and don't make a partial payment on the loan? (Round your answer to two decimal places.)
$
(c)
How much (in $) will you save by purchasing the discounted serving supplies rather than making the partial payment? (Hint: Find the difference between the savings on the supplies found in part (b) and the savings on the loan interest found in part (a). Round your answer to two decimal places.)
$
(d)
What other factors should you consider before making this decision?

Answers

Answer 1

The amount saved by repaying the loan early is $831.25

The amount of discount received by purchasing supplies is $3,500

The net amount saved by purchasing supplies rather than repaying loan is $2,668.75

What is ordinary interest?

Ordinary interest is the interest computation that is based on 360-day a  year count rather than 365-day year count, hence, in determining the amount saved by paying $35,000 out of the amount due to Citizens Bank, we time-apportion the interest for 90 days with respect to 360 days not 365 days.

Amount saved in interest=$35,000*9.5%*90/360

Amount saved in interest=$831.25

Using the $35,000 to purchase serving supplies, 10% discount is given off the normal cost of $35,000

Amount saved with discount=10%*$35,000

Amount saved with discount=$3,500

The difference between discount on supplies and interest saved=$3,500-$831.25

The difference between discount on supplies and interest saved=$ 2,668.75

The other factors to consider before making the final decisions include, the fact the loan is more important than the supplies because the loan relates to the firm's financing rather than operational needs of supplies

Secondly, the amount saved in interest may be more if another loan of $35,000 can be borrowed elsewhere with significant lower interest rates

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Related Questions

Adventure Travel has an Adjusted Trial Balance for Year Ended December 31, 20XX with the following account balances:

DEBITS: Cash: 25,000; Accounts Receivable: 15,000; Office Supplies: 4,300; Office Equipment: 29,600

CREDITS: Accumulated depreciation - office equipment: 5,000; Salaries Payable: 2,800; Long-term notes payable: 22,200; Common Stock: 20,000; Retained Earnings: 10,260

DEBIT: Cash Dividends: 1,000

CREDITS: Fees Earned: 75,000

DEBITS: Salaries Expense: 32,800; Rent Expense: 16,800; Depreciation expense - office equipment: 3,960; Advertising expense: 4,000; Office supplies expense: 2,800.

Total Debits = 135,260; Total Credits = 135,260

You have prepared the Income Statement and the Statement of Retained Earnings, now it is time to prepare the Classified Balance Sheet.

What amount do you report for Total Current Assets? Specify as a whole number.

Answers

The current assets total of  Adventure Travel. at December 31, 20XX is $44,300

What are current assets?

Current assets are short-term resources owned by Adventure Travel which are used in its daily operations such as the cash, accounts receivable as well the office supplies which are current assets until consumed

In other words, in a bid to determine current assets total, we sum up the cash, accounts receivable and the office supplies of the company since there are no other current assets aside the aforementioned ones.

Current assets total=cash+ accounts receivable+ office supplies

cash=$25,000

accounts receivable=$ 15,000

office supplies=$4,300

current assets total=$25,000+$15,000+$4,300

current assets total=$44,300

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help pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Answers

Part (b)

[tex]f(3)=-3^3 + 4(3)^2-2(3)+2 \\ \\ =-27+36-6+2 \\ \\ =9-4 \\ \\ =\boxed{5}[/tex]

Part (c)

[tex]f(-2)=-(-2)^3+4(-2)^2-2(-2)+2 \\ \\ =16+16+4+2 \\ \\ =\boxed{38}[/tex]

We are being told that the answer is 5600 but can't seem to understand why?

Which is the best estimate of the product of 8 and 629?

4,800

5,600

6,000

7,000

Answers

The best estimate of the product of 8 and 629 is 5600

How to determine which is the best estimate of the product of 8 and 629?

The statement is given as

The best estimate of the product of 8 and 629

Express as a product

So, we have

8 x 629

Round 629 to the smallest hundred greater than 629

So, we have

8 x 629 = 8 x 700

Evaluate the product

8 x 629 = 5600

Hence, the best estimate of the product of 8 and 629 is 5600

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The hypotenuse of an isosceles right triangle is √242 cm. Find the length of each equal side.

Answers

The length of each equal side of the isosceles right triangle will be 11 cm.

What is a Pythagoras theorem?

The Pythagoras theorem states that the sum of two squares equals the squared of the longest side.

The Pythagoras theorem formula is given as

H² = P² + B²

The hypotenuse of an isosceles right triangle is √242 cm.

In an isosceles right triangle, the two legs of the isosceles right triangle are congruent.

Let x be the other leg.

(√242)² = x² + x²

242 = 2x²

x² = 121

x = 11 cm

The length of each equal side of the isosceles right triangle will be 11 cm.

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pleaseeeeee help meee

Answers

Answer:

A) x = m - n - p

Step-by-step explanation:

m - x = n + p

subtract m from both sides

m - x (- m) = n + p (- m)

m cancels out on the left and stays on the right

- x = n + p - m

divide by -1 because this is the constant in front of x

visualize as -1*x if it helps (anything multiplied by 1 is that number)

(- x / -1) = (n / -1) + (p/ -1) - (m/ -1)

the positives become negative and the negatives become positive

x = -n - p + m or x = m - n - p

please help if possible

Answers

Answer: (5,2)

Step-by-step explanation:

5 + 2 = 7

5 = 2 + 3

A city received 48.24 inches of rain during a year. What was the average for each of the twelve months of the year? inches

Answers

Answer:

4.02 inches

Step-by-step explanation:

48.24/12= monthly average

=4.02 inches

What is the domain and range of f(x) = 21?
A Domain: All real numbers
Range: (21)
B
C Domain: (21)
Domain: All real numbers greater than or D
equal to 21.
Range: All real numbers
Range: All real numbers
Domain: All real numbers
Range: All real number greater than or
equal to 21

Answers

The domain is all real numbers and the range is 21 for the given function that is f(x) = 21.

According to the question, the domain can take only those values through which expression can be defined. And the range is the set of values for the given function.

Therefore, the function is: f(x) = 21

So, for this expression, the variable 'x' can take any real values from the interval of (-∞ , ∞).

And the range is 21 for the given function.

Hence the domain is (-∞ , ∞) and the range is 21.

What is domain and range in the function?

The domain of a function can be defined as the complete set of all the possible values for the dependent variables. Similarly, the range of the function can be expressed as the set of all the values which can be assumed by the expression of the function.

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Getaway Sports is a vacation destination for the serious sports fanatic.
Rajesh is in charge of equipment for the complex. The last shipment of ping-pong balls was normally distributed with a mean weight of 2.7 grams and a standard deviation of 0.1 gram. The 100-pound weights he orders from the manufacturer for the fitness center are normally distributed with mean weight 100.2 pounds and standard deviation 0.1 pound.

A) Which distribution has the larger standard deviation?
B) Which distribution is more dispersed? Explain.

Answers

The standard deviation of the fitness center is larger than the standard deviation of the last shipment

Which distribution has the larger standard deviation?

The given parameters are:

Distribution: Normal distribution

The last shipment

Mean weight = 2.7 grams

Standard deviation = 0.1 gram.

Fitness center

Mean weight = 100.2 pounds

Standard deviation = 0.1 pound

In the above parameters, we can see that the fitness center has a larger mean weight than the last shipment, while they both have the same standard deviation

This means that the standard deviation of the fitness center is larger than the standard deviation of the last shipment

And so, the distribution of the fitness center is more dispersed

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can you help me in whats y=x+2

Answers

Yes! First rearrange the equation so 2 is the subject of the formula. The answer should be
2 = y - x
Answer is assuming you are looking for the points that are a solution to the equation is (-2, 2)


We know the equation y = x + 2

Solve for x
x-intercept occurs at y = 0
If y = 0
0 = x + 2
Subtract 2 from both sides to solve for x
x = 0-2
x = -2

Solve for y
y-intercept occurs at x = 0
If x = 0
y = 0 + 2
y =2

solution to the equation is (-2, 2)

A circular mirror has a circumference of 50m inches. What is the
radius of the mirror? Show your work.
SOLUTION

Answers

Answer: 7.96
Explanation :50/3.14/2=A

Solve (v +8) ^4/5= 2

Answers

Answer:

(7/8 - 4/5)^2 = 9/

1600

= 0.005625

Can somebody please help me with question 2? Thanks! :)

Answers

Answer:72 bracelets

Step-by-step explanation:

24*3

72 bracelets

If she can make 4 bracelets with 12 beads, you divide to get three. Three times 24 is 72 bracelets

Which of the following properly describe slope select all that apply 

Rise/run

Run/rise

Ratio of the change in Y values rice for a segment of the graph to the corresponding chain with X values run

Y2-y1
————
X2-x1



X2-x1
———-
Y2-y1

Answers

Run/rise and x2-x1/y2-y1

In a mathematical statement, ____ usually means “multiplication.”

• base
• is
• of
• percent

Answers

Base is the answer of the sentence

In which quadrant or on which axis does the point lie(4,4)

Answers

Answer: second quadrant

Step-by-step explanation:

It’s the 1st quadrant

There are 4 quadrants
Number one quadrant is positive at the x axis and y axis
Number two quadrant is negative on the x axis and positive on the y axis
Number three quadrant is negative at the x axis and y axis
Number four quadrant is negative at the y axis and positive at the x axis

Tip: Remember it as a C

Help me please! It is algebra 2

Answers

The domain of the quadratic equation is all non-negative real numbers.

How to analyze and interpret a quadratic equation according to a physical phenomenon

The picture indicates the case of the launch of an object from the top of a building. The height of the object (f(x)), in feet, as a function of time, (x), in seconds. Both height and time are represented by non-negative real numbers and hence the following solutions do not make sense in the context of problem:

x < 0x > 0, f(x) < 0

Now we proceed to fill the blanks in the four paragraphs:

f(- 2) = 0, meaning that - 2 second after the object was launched, the object was 0 feet above the ground. This interpretation does NOT make sense in the context of the problem.

f(0.5) = 100, meaning that 0.5 seconds after the object was launched, the object was 100 feet above the ground. This interpretation make sense in the context of the problem.

f(6) = - 224, meaning that 6 seconds after the object was launched, the object was - 224 feet above the ground. This interpretation does NOT make sense in the context of the problem.

Based on the observation above, it is clear that an approximate domain for the function is all non-negative real numbers.

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After a translation the image of A(-6,-2) is B(-4,-4). What is the image of the point C(3,-1) after this translation?

A. (-5,1)
B.(5,-3)
C.(5,1)
D.(-5,-3)

Answers

Answer:  B.(5,-3)

===========================================================

Explanation:

The preimage (-6,-2) shifts to the image point (-4,-4)

Focus on the x coordinates. The jump from -6 to -4 is an increase of 2. So we have x become x+2

Now focus on the y coordinates. The jump from -2 to -4 is -2, so y becomes y-2

The translation rule we use is [tex](\text{x},\text{y})\to (\text{x}+2,\text{y}-2)[/tex] which shifts the point 2 units to the right and 2 units down.

-----------------

Let's apply this rule to the point (3,-1)

[tex](\text{x},\text{y})\to (\text{x}+2,\text{y}-2)\\\\(3,-1)\to (3+2,-1-2)\\\\(3,-1)\to \boldsymbol{(5,-3)}\\\\[/tex]

The preimage (3,-1) shifts to the image (5, -3)

Divide 2/7 by 1.5
5.25
1/2
4/21
6/14

Answers

The answer would be 4/21 if divided 2/7 by 1.5 which is the correct option (C).

What are Arithmetic operations?

Arithmetic operations can also be specified by subtracting, dividing, and multiplying built-in functions.

/ Division operation: Divides left-hand operand by right-hand operand

For example 4/2 = 2

We have to determine the divide 2/7 by 1.5

⇒ 2/7 ÷ 1.5

Here 1.5 = 3/2

⇒ 2/7 ÷ 3/2

Apply the division operation between both term

⇒ (2/7)/(3/2)

Reciprocal the terms, we get

⇒ (2/7)×(2/3)

⇒ (2×2)/(7×3)

⇒ 4/21

Therefore, the answer would be 4/21

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Cindy gave away 12% of her lollipop and is now left with 220 lollipops. Calculate the number of lollipops Cindy had ?

Answers

Answer:

The answer would be 250.

Step-by-step explanation:

Cindy started off with 250 lollipops, gave away 30 (which is 12% of 250) and stayed with 220.

250-30=220

The line passing through the origin and parallel to the line passing through the points (8, 3) and (10, 8).

Answers

The equation of a line passing through the origin and parallel to the line passing through the points (8, 3) and (10, 8) is 2y - 5x = 0.

How to form an equation?

Determine the known quantities and designate the unknown quantity as a variable while trying to set up or construct a linear equation to fit a real-world application.

Let's suppose the equation of that line as the slope-intercept form is

y = mx + c

Where m is the slope while c is the y-intercept.

Now this line is parallel to a line that passes through points  (8, 3) and

(10, 8) thus meaning the slope of both lines must be the same.

So,

Slope associated with points  (8, 3) and (10, 8) ⇒

m = difference in y's coordinate / difference in x's coordinate

m = (8 - 3)/(10 - 3)

m = 5/7

So our equation will be y = (5/7)x + c

Since it is passing through the origin or (0,0) so it will satisfy the coordinate.

Therefore,

0 = (5/7)0 + c ⇒ c = 0

It means y = (5/7)x ⇒ 7y - 5x = 0 will be the equation.

Hence "The equation of a line passing through the origin and parallel to the line passing through the points (8, 3) and (10, 8) is 2y - 5x = 0".

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The given question is an incomplete complete question as follows;

The equation of a line passing through the origin and parallel to the line passing through the points (8, 3) and (10, 8).

How would I solve this limit problem? The answer isn’t zero though I put that and it’s wrong?

Answers

0 is correct, though...

[tex]\dfrac{\frac1x - \frac13}{x + 3}[/tex]

is continuous at [tex]x=3[/tex], so

[tex]\displaystyle \lim_{x\to3} \frac{\frac1x - \frac13}{x + 3} = \frac{\frac13 - \frac13}{\frac13 + 3} = \frac0{\frac{10}3} = 0[/tex]

What was probably intended was the limit

[tex]\displaystyle \lim_{x\to3} \frac{\frac1x - \frac13}{x - 3}[/tex]

which requires a little more finesse because the function is not continuous at [tex]x=3[/tex].

Rewrite it as

[tex]\dfrac{\frac1x - \frac13}{x - 3} = \dfrac{3 - x}{3x(x-3)} = -\dfrac{x-3}{3x(x-3)}[/tex]

When [tex]x\neq3[/tex], we can cancel [tex]x-3[/tex] so that

[tex]\displaystyle \lim_{x\to3} \frac{\frac1x-\frac13}{x-3} = \lim_{x\to3} -\frac1{3x} = -\frac1{3\times3} = -\frac19[/tex]

Estimate the product
306
×
673
by first rounding each number to the nearest hundred.
Enter your answer in the box.

Answers

Answer: Question: 306 × 673 = 205,938  Estimate: 300 × 700 = 210,000

See more below

Step-by-step explanation:

306 round to the nearest hundred is 300 because 306 ≥ 300

And 673 rounds to 700 because its to the nearest hundred. Here is the problem.    

    306

  × 673

---------------

  205,938

So, 205, 938 is underestimate to 210,000

Click down here for more ideas

https://www.toppr.com/ask/en-us/question/estimate-the-product-475times-225-rounding-off-each-number-to-the-nearest-hundred/

The estimated the product of 306×673 by first rounding each number to the nearest hundred is: the estimated product of 306 and 673 is 210000.

Given: 306 × 673 = 205,938  

Estimate: 300 × 700 = 210,000

306 round to the nearest hundred is 300 because 306 ≥ 300

And 673 rounds to 700 because its to the nearest hundred.

Now, we have,

   306

 × 673

---------------

 205,938

Now, multiply the rounded numbers:

300 * 700 = 210000

So, the estimated product of 306 and 673 is 210000.

So, We have,

205, 938 is underestimate to 210,000.

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Suppose we spin the following spinner with the first spin giving the numerator and the second spin giving the denominator of a fraction. What is the probability that the fraction will be less than 9/8 ​? The spinner is 4 equal parts of 6,7,8,9.

Answers

Answer:6,7,8,9x4

Step-by-step explanation:

the purpose is to solve th equation5789x4

A company employs 36 men and 9 ladies, what is the ratio of men to
ladies?

Answers

Answer: 4:1

Step-by-step explanation:

36 men: 9 ladies

36/9=

4/1 ==> 4 men: 1 lady

4:1

Essentially, the ratio would be 36:9. However, these numbers both can be reduced by 9.

36 / 9 = 4

9 / 9 = 1

Because of this reduction of numbers, the ratio of men to ladies would be 4:1, with there being more men than ladies.

I JUST NEED NUMBER 9, 11, and 12 PLEASE LABEL WHICH NUMBER:))

Answers

Answer:

b, c, a

Step-by-step explanation:

the 6th term of a GP is -2 and its first term is 18 . what is the common ratio

Answers

Solution:

Given conditions:

6th term (T6) = -2

first term (a) = 18

n = 6, r = ?

Formula for finding the nth term of a GP:

[tex]tn = a {r}^{n - 1} [/tex]

Where:

T = the given value for the number of term(s)

n = the given number of term

a = The first term

r = The common ratio

Replacing for the values:

[tex] - 2 = 18 {r}^{6 - 1} \\ - 2 = 18 {r}^{5} [/tex]

Dividing both sides by 18, we have:

[tex] {r}^{5} = \frac{ - 2}{18} [/tex]

Now, we have to fifth root both sides to find the value of r.

[tex] \sqrt[5]{ {r}^{5} } = \sqrt[5]{ \frac{ - 2}{18} } [/tex]

Therefore:

Common ratio, [tex]r = -0.0638165752[/tex] [tex]≈ -0.064[/tex] to 3 decimal places.

I hope this helps

the width of a rectangle is 1/2 of its lengh what are the sides of the rectangle if its perminiter is 63 in. Please put the right answer and not the wrong answer i will also give brainly to someone if you do it correctly

Answers

Let's take length = x, width = 1/2x.

Perimeter of a rectangle is = 2(L + W)

So, 63 = 2(x + 1/2x),
Expand: 63 = 2x + 2/2x
63 = 3x, x = 21

Therefore, length = 21 in and width = 10.5 in

Check answer 2(21+10.5) = 63

I need the answer which includes m∠ == and the reason

Answers

The value of m<DEC is given as 35 degrees

Angle on a Straight line

In the given figure, to find the missing value of angle DEC, we can easily relate this to angle on a straight line.

The law states that the sum of all angles on a straight line are equal to 180 degrees.

[tex]m < CEF + m < DEC = 180^0\\145^0 + m < DEC = 180^0\\m < DEC = 180^0 - 145^0\\m < DEC = 35^0[/tex]

The value of the angle m<DEC is equal to 35 degrees.

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Find the following given the function f(x)=

Answers

Answer:

The function f defined by the formula f(x) = 2x +1 can be expressed as: f(4) = 9; f(-5) = - 9, f(0) = 1,

The function of a function defines and explains the relationship between two different variables. From the given information, we are meant to replace x with the following given options and solve for the value of x.

f(4) = 2(4) + 1

f(4) = 8 + 1

f(4) = 9

f(-5) = 2(-5) + 1

f(-5) = -10 + 1

f(-5) = - 9

f(0) = 2(0) + 1

f(0) = 0 + 1

f(0) = 1

Step-by-step explanation:

Basically first you have to check what the f(x) fits into what category.

The picture shows different equations based on what the f(x) is.

In this case, f(x) is 7. So first check is 7 greater than 5, YES. But check with the next one too. Is 7 less than or equal to 5, NOPE

So your equation your going to be substituting with is x squared-x

Little bit stuck still? Here:

What is 7 to the power of 2 is 7x7=49

Then, 49-7=42

42 is your answer. If this is for RSM ENTER ONLY 42 INTO THE PORTAL.

I'm a student too and had this question too.

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