Alicia borrowed 8,500 at 6 ordinary interest for 180 days. After 40 days, she made a partial payment ...

Alicia borrowed 8,500 at 6 ordinary interest for 180 days. After 40 days, she made a partial payment of 2,000. After another 70 days, Alicia made a second partial payment of 2,000. What is the final amount due on the loan? (Round to the nearest cent)
 A) 4,755.00
  B) 4,687.21
  C) 4,500.50
  D) 4,684.62

Q. 2

The board of directors of Clear Communications has declared a dividend of 2,500,000. The company has 240,000 shares of preferred stock that pay 2.10 per share and 2,600,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
 A) 0.37
  B) 1.89
  C) 0.69
  D) 0.77

Q. 3

If you sign a discount note for 4,200 at a bank discount rate of 9, for 90 days, what is the effective interest rate? (Round to the nearest tenth percent)
 A) 9.2
  B) 9.0
  C) 7.3
  D) 8.5

Q. 4

The board of directors of Midwest Foods has declared a dividend of 3,500,000. The company has 300,000 shares of preferred stock that pay 2.85 per share and 2,500,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock.
 A) 1.06
  B) 1.57
  C) 13.50
  D) 4.50

Q. 5

Caridad borrowed 15,500 at 11 ordinary interest for 120 days. After 70 days, she made a partial payment of 3,000. What is the final amount due on the loan? (Round to the nearest cent)
 A) 13,921.56
  B) 14,596.22
  C) 13,027.57
  D) 12,943.06

Q. 6

The board of directors of Streamlined Airlines has declared a dividend of 4,300,000. The company has 400,000 shares of preferred stock that pay 0.70 per share and 2,750,000 shares of common stock. After finding the amount of dividends due the preferred shareholders, calculate the dividend per share of common stock. (Round your answer to the nearest cent if necessary)
 A) 11.50
  B) 1.46
  C) 1.92
  D) 1.79

Q. 7

Myerson borrowed 8,500 at 9 ordinary interest for 200 days. After 120 days, he made a partial payment of 4,000. What is the final amount due on the loan?
 A) 4,711.11
  B) 4,486.67
  C) 4,656.93
  D) 4,850.10