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Softa [21]
2 years ago
7

Justin discounts a 115-day note for $26,000 at 8.5%. the effective rate of interest to the nearest tenth percent is:

Business
2 answers:
Sergio [31]2 years ago
5 0

Answer:

8.74%

Explanation:

Interest = Principal x Interest Rate = $26,000 x .085 x 115/360 = $705.97

EAR = Interest/[(Principal - Interest) x (115/360)]

= $705.97/[($26,000 - $705.97) × (115/360)] = $705.97/ $8,080.04 = 0.0874, or 8.74%

lesya692 [45]2 years ago
4 0
8.7%

$26,000 x .085 x 115/360 = $705.97
$26,000 - $705.97 = $25,294.03
$25,294.03 x 115/360 = $8080.04
$705.97/$8080.04 = 8.7%
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Gwendolyn Hunt was driving while intoxicated when she hit and killed Felicia Meyers, a seven- year-old, in a school crosswalk. G
BigorU [14]
<span>A major difference between juvenile and adult courts is that juvenile courts are more likely to consider extenuating circumstances (emotional, mental, situational, etc.). Frequently, young people will only be moved to adult courts if their crime was particularly heinous, a history of rehabilitation services have not improved the situation, the young person needs a significant about of intervention, or simply that the juvenile is nearly an adult. Though there is evidence of some past intervention on Gwendolyn's behalf, we have no evidence that the crime was planned. Though she was breaking the law and one could say that the possibility of an accident was a logical conclusion, there is (based on this) no evidence that she went out with the intention of hurting or killing someone. Also, given that she is still a minor and at an age when her reasoning abilities are not fully formed, she honestly may not have been able to make that connection. So, no, she should not be tried as an adult. However, she should serve actual time in a center, receiving rehabilitative services and completing community service in order to balance out some of the horror she has brought into the world through the death of a child.</span>
4 0
2 years ago
Madison Corporation purchases an investment in Lake Geneva, Inc. at a purchase price of $10 million cash, representing 40% of th
tester [92]

Answer:

$ 10512000

Explanation:

The market value of Madison investment which is the aggregate value of the company's investment =$ 12 million

The book value = assets - liabilities = (1700000 - 419000) ×0.4 = $ 51240

The year-end balance = $ 51240 + $ 10 million = $ 10512000 approx

4 0
2 years ago
The cash register tape for Kingbird Industries reported sales of $10,032.30. Record the journal entry that would be necessary fo
siniylev [52]

Answer:

(a)

Dr Cash $10,032.30

Cr Cash Over and Short$74.90

Cr Sales Revenue $10,107.2

(b)

Dr Cash $10,148.54

CrSales Revenue$10,107.2

Cr Cash Over and Short$41.34

Explanation:

Kingbird Industries

(a)

Dr Cash $10,032.30

Cr Cash Over and Short$74.90

Cr Sales Revenue $10,107.2

($10,032.30+$74.90)

(b)

Dr Cash $10,148.54

(10,107.2+$41.34)

CrSales Revenue$10,107.2

Cr Cash Over and Short$41.34

3 0
2 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
Lera25 [3.4K]

Answer:

Total variable cost if 4 units were produced

= $33.75 x 4 units = $135

Total fixed cost = Total cost - Total variable cost

Total fixed cost = $175 -$135

Total fixed cost = $40

Average fixed cost = Total fixed cost/No of units

Average fixed cost = $40/10 units

Average fixed cost = $4

The correct answer is B

Explanation:

In this case, we need to calculate the total variable cost on the ground that 4 units were produced. Then, we will determine the total fixed cost by deducting the total variable cost from total cost. Finally, we will divide the total fixed cost by 10 units in order to obtain the average fixed cost.

6 0
2 years ago
Suppose that we observe two comparable properties that have each sold twice within the past two years. Property A sold 24 months
Aleonysh [2.5K]

Answer:

0.28 %

Explanation:

Property A:

Percentage change in prices= (New price – old price)/Old price

= (375000 – 350000)/350000

=.0714= 7.14%

Monthly percentage= 7.14/24= .2975%

Property B:

Percentage change in prices= (New price – old price)/Old price

= (340000 – 325000)/325000

= .0461= 4.61%

Monthly percentage= 4.61/18= .256%

As they have equal weightage= (.256 + .2975)/ 2

= .2767= .28%

3 0
2 years ago
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