As a Result of a Loan from National Bank, Miama

question 18

Multiple Choice

As a result of a loan from National Bank, Miama Company signed a 45-days note for $8,000 that the bank discounted at 8 percent. Assuming a 360-day year, the proceeds received by Miama Company equals _____.

• A) $8,000
• B) $8,080
• C) $7,920
• D) $7,360

Distinguish between different organizational structures such as producer cooperatives and not-for-profit organizations.

Understand the economic basis for the provision of police protection and other public services through taxation.

Recognize the importance and method of government regulation in preventing collusion among firms and protecting market competition.

Explain the concept of opportunity cost and how it affects decisions related to household production and hiring professionals.