6. Karim Darmati must pay a $6,750 furniture bill. A finance company will loan Karim $6,750 for 8 months at a 10.20% discount rate. The finance company told Karim that if
he wants to receive exactly $6,750, he must borrow more than $6,750.
M = Proceeds
1 - (D)(T)
a.
Calculate Karim's loan request. (Do not round intermediate
calculations. Round your final answer to the nearest cent.)
Loan request
$
b
Calculate the effective rate of interest. (Do not round intermediate
calculations. Round your final answer to the nearest hundredth
percent.)
Effective rate of
interest
%

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times