answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuki888 [10]
2 years ago
9

To buy new equipment, a business owner borrowed $4,200.00 for 2 years and paid $850.00 simple interest on the loan. What rate of

interest did she pay?
Business
2 answers:
Sergio039 [100]2 years ago
7 0

Answer:

Explanation:

simple interest formula: I = PRT

850=4200*2*(R)

850=8400*R

850/8400=R

Rate = .1011904761904762

AlladinOne [14]2 years ago
7 0

Answer: Approximately 10.12%

Explanation: The formula for simple interest is = P*R*T/100. Where P is principal which is 4200 in the question, R is the interest rate that is unknown, T is time which is 2 years.

Substituting the figures in the question and making R the subject of formula,

850 = 4200 * R* 2/100

850 = 8400R/100

Applying the cross multiplication rule 850*100 = 8400R

85000 = 8400R

Divide both sides by 8400 to get the value of R

85000/8400 = 8400R/8400

R = 10.1190%

You might be interested in
A company currently makes a component used in production. The per unit costs incurred to make the component include: Direct mate
elixir [45]

Answer:

The company should make the components because incremental costs are $2 less than the purchase price

Explanation:

The cost of making each unit of component = Direct Labour + Direct Material + Variable Overhead*

*The overhead cost of $4 contains both a fixed and variable element. It has been mentioned that 25% of overhead cost is incremental i.e. it increases with each additional unit produced (marginal cost). The incremental cost is the variable element.

Variable element = $4 x 25% = $1

Fixed element = $4 x 75% = $3

Thus, the cost of making each unit of component = $5 + $2 + $1 = $8,

whereas the cost of purchasing each unit of complement is $10. Hence, the company should produce the component as it is less by $2 ($10 - $8) to produce than it is to purchase.

5 0
2 years ago
Discuss the current state of the US economy and its impact on the job market. Also discuss how economic trends such as globaliza
jonny [76]
<span>The current state of the US economy is in growing strength with respects to the former cabinet. Globalization is affecting the US economy. Primarily through technology and social feeds. We are in the information Era. As far as jobs, off shoring in our economy was once always a viable option. Now that we have a president who insists on the "American Made" branding has emboldened some companies to minimize their operations abroad and increase facilities at home. I work on software, and my job requires me to be in a wireless world. It is hard to compete with companies who hire third party IT hosts in other countries because it is simply cheaper. But, I find other means for work.</span>
6 0
2 years ago
The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7 comma 500 pizza sales per​ month, b
dybincka [34]

Answer:

\left[\begin{array}{ccccc}$Concept&$Base&6,000&7,500&10,000\\$Sales&6.25&37,500&46,875&62,500\\$Variable&-1.55&-9,300&-11,625&-15,500\\$Fixed&12,000&-12,000&-12,000&-12,000\\$Income&&16,200&23,250&35,000\\$Average per pizza&&2.7&3.1&3.5\\\end{array}\right]

Explanation:

Question elaborate budget for the range of 6,000 // 7,500 and 10,000 units considering the selling price per Pizza is 6.25 dollars.

a) we multiply the sales per unit by each volume sales

b) sale idea but with the variable cost

c) we also subtract the fied cost.

d) This give us the income on each volume.

Finally we also divide by the numbers of unit to determinate the gain per pizza.

4 0
2 years ago
Suggest some metrics that a manager of a fast-food restaurant, such as McDonald's or Chipotle, might want to collect. Describe h
Kaylis [27]
Customer wait times: A manager may use these analytics to determine points of friction with operations, implement systems to reduce time, develop employee expectations, and ultimately enhance right-on-time service to their customers.
5 0
2 years ago
On March 25, Osgood Company sold merchandise on account, $3,200 terms n/30. The applicable sales tax percentage is 6%. Record th
Vlad1618 [11]

Answer:

the transaction record as given below

Explanation:

given data

sold merchandise =  $3,200

terms n/30

sales tax percentage = 6%

solution

as here with 6% sale tax payable is

sale tax payable = 6% of 3,200 = $192

and account Receivable will be $192 + $3200 = $3392

so

we get here the transaction record that is as

date         title                                    Dr.              Cr.

25-Mar    Accounts Receivable        3392    

               Sale                                                      3200

               Sales tax payable                                192

25-Mar    Cost of goods sold      

               Inventory                              

3 0
2 years ago
Other questions:
  • To get to a remote village, you have to cross a wooden bridge that spans a deep chasm. Concerned about the structural integrity
    5·1 answer
  • Which of the following is not a measure of the reliability of the supply chain?
    12·1 answer
  • On August 1, Year 1, Ant Company sold Bee Company $1,500,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest. On
    11·1 answer
  • During July, the cost of goods manufactured at Xxis Corporation was $70,000. The beginning finished goods inventory was $19,000
    8·1 answer
  • Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quart
    15·2 answers
  • Games Galore Corp. hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that
    8·1 answer
  • A Production Facility has produced 515,000 products and would like to allocate these products to their customers. Given the foll
    8·1 answer
  • Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
    6·1 answer
  • Roca, Inc., manufactures and sells two products: Product M6 and Product X7. The company has an activity-based costing system wit
    5·1 answer
  • Suppose a young chef who recently graduated from culinary school in Cuba looks for work at local restaurants but is unable to fi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!