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Artemon [7]
2 years ago
14

Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all

back at once on December 31, 2017. What was the APR?
Business
1 answer:
Elena-2011 [213]2 years ago
3 0

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

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Esther and Holly have a disagreement over which company to present their business idea to. They decide to disregard their differ
aalyn [17]

Answer: True

Explanation:

From the question, we are informed that Esther and Holly have a disagreement over which company to present their business idea to and that they decide to disregard their different stances on environmental issues and focus solely on which business will provide them with the most resources in the short-term.

The above scenario shows that Esther and Holly are focusing on interests, and not positions. This is shown by them disregard their different stances and focusing on a common goal.

5 0
1 year ago
Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
Mamont248 [21]

Answer: Relational

Explanation: Relational orientation is a term in marketing where a marketer or producer identify the need of its customers or consumers and make available products that will meet their need and help to build a good relationship with the consumers or customer. This term is used by most multinationals like Apple etc to build brand loyalty and maintain a good market share.

3 0
2 years ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
lions [1.4K]

Answer:

200 % is the answer.

Explanation:

Toni makes x be apple pies .

and Jane works for y hours.

therefore, he makes x apple pies in y hours

which implies he makes \frac{x}{y} apple pies per hour  

Now with help of an assistant:  

Toni  makes 60% more  apple pies  i.e. x + 0.6x = 1.6x  apple pies

works 20% less i.e. y - 0.2y = 0.8y hours

therefore, now together they make 1.6x/0.8y apple pies per hour \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100

simplifying we get

200

Hence % increase in output PER HOUR is 200.

6 0
2 years ago
Read 2 more answers
If employees of Washburn guitars want to travel to Asia to meet with guitar craftspeople, what is the best choice of who to send
jasenka [17]

Answer:

The answer is "The group of a range of age, color, sexual orientation, financial backgrounds, employment and age differences".

Explanation:

In the given-question, the above answer is correct because the team represents a wide community of gender, ethnicity, gender identity, income levels, academic attainment, and also includes the disparities across generations, although diversity spans race and gender, and presentation must be granted to all types of people, that's why the diversity is a big factor in the visit.

3 0
2 years ago
Read 2 more answers
A Japanese company has a bond outstanding that sells for 105.43 percent of its ¥100,000 par value. The bond has a coupon rate of
krok68 [10]

Answer:

The correct answer is 2.98% (approx.).

Explanation:

According to the scenario, the computation for the given data are as follows:

First we calculate the current value:

Current value (CV) = 100,000 × 105.43%

= 105,430

Now, Annual coupon (AC) = 100,000 × 3.4%

= 3,400

So, we can calculate the yield to maturity by using following formula:

Yield to maturity = [AC + (Face value - CV) ÷ maturity time] ÷ (Face value + CV) ÷ 2

By putting the value we get,

= [ 3,400 + (100,000 - 105,430) ÷ 16] ÷ (100,000 + 105,430) ÷ 2

= [ 3,060.625] ÷ (102,715)

= 2.98%(Approx)

3 0
2 years ago
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