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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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Which of following is a TRUE statement about inventory within a continuous review system?
garri49 [273]

Answer:

c. When ordering or setup costs increase, Economic Order Quantity increases

Explanation:

In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.

Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.

In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity

5 0
2 years ago
Slide presentations help you present your content in a logical and organized manner because they allow you to present your slide
slamgirl [31]
Slide presentations help you present your content in a logical and organized manner because they allow you to present your slides: C (sequentially).

Hope I helped you :). 
6 0
2 years ago
Read 2 more answers
In 2017, Holly received a gifted land from her aunt (donor's adjusted basis was $98,000) and the fair market value was $112,000
ra1l [238]

Answer:

Correct answer is A.

<u>Holly's basis is $98,000</u>

<u>Recognized Gain is $4,000</u>

Explanation:

Holly's basis = Carryover basis = $98,000

Recognized gain = Sale value - Basis

= $102,000 - $98,000

= $4,000

5 0
2 years ago
Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
Svetradugi [14.3K]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

In a two-product, two-country world, international trade leads to specialization. Each country will produce the product in which it has comparative advantage. In this case, Freedonia will produce only corn and Sylvania will produce only wheat. With all constant, the country will consume the same amount of that product, but the surplus will exchange it for the other product. Freedonia will use all its workers to produce corn, in a year they will produce 6*10= 60 units of corn. Sylvania will use the 10 workers to produce wheat, in a year they will produce 6*10=60 units of wheat.

But, Freedonia will consume the same amount of corn (30 units). Then, Freedonia have 30 available units to trade with Sylvania. And the same for Sylvania, they will consume the same amount of wheat (30 units) and so Sylvania will have 30 available units of wheat to trade with Freedonia.

If the price, for both goods, is the same, Ricardo´s theory predicts that total consumption in both countries will increase, then consumer welfare will increase. Freedonia will consume the same 30 units of corn, but the other 30 will be exchanged by 30 units of wheat. Consumers are better and happier. Freedonia will consume 20 units more of wheat than before without sacrifying units of corn.

3 0
2 years ago
Josh is evaluating a new technology purchase for his company. The technology he buys cannot exceed the budgeted amount. For this
Verizon [17]

Answer:

<em><u>The answer is</u></em>: <u>Added features, Operating expenses, Training requirements</u>.

Explanation:

Josh, when planning a purchase of new technology, will have to take into account on the <u>one hand</u>: the characteristics of the new technology that he wants to add.

<u>On the other</u>: The expenses that will be the exploitation of this new technology.

<u>And also</u>: The necessary expenses to learn to operate with the new technology.

<em><u>The answer is</u></em>: <u>Added features, Operating expenses, Training requirements</u>.

3 0
2 years ago
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