PLEASE HELP!

Your family purchased new living room furniture on credit at the store, which is a simple interest loan. If your family paid $300.00 in interest on the principal of $1,000.00
over 5 years, what was the rate of the loan?
1.) 6%
2.) 8%
3.) 4%
4.) 2%

Answers

Answer 1
6 times 5 is 30 the answer would be 6%

Related Questions

If there is a high supply for a product, then production would be _____.


decreased

increased

the same

none of the above

Answers

Answer:

the same i think is this correct

Answer:

increased

Explanation:

edg

Suppose you bought two pieces of land for $100,000 each, the first piece has permanently appreciated in value and is now worth $120,000, while the second piece has permanently reduced in value to $75,000. Applying conservatism and the historical cost principles, how would you account for the change in value of the two pieces of land?

a. I would leave both pieces of land at $100,000 each on the books.
b. I would leave the first piece of land at $100,000 and write the second down to $75,000.
c. I would write up the first piece of land to $120,000 and the second down to $75,000.
d. I would write the first piece of land up to $120,000, and leave the second piece of land at $100,000.

Answers

Answer:

Option B

Explanation:

Applying conservatism and the historical cost principles, we would you account for the change in the value of the two pieces of land as leave the first piece of land at $100,000 and write the second down to $75,000 because conservatism and historical cost principles suggest us to anticipate and record the future losses rather than future gains.

I need help ASAP

The ethical danger of data mining primarily centers around
O A. privacy and security issues
O B. equal access to data
O C. objectivity and fairness
O D. research methods

Answers

The ethical danger of data mining primarily centers around privacy and security issues. Thus, option (a) is correct.

What is data?

The term “data” refers to such kinds of information. Data is a set of information, facts, images, and numbers. The data is a methodical record of the built-in data file. The data are the always recorded into the electronic devices. The data are to share with different file, but share safely because hacker are the smart.

According to the internet period was the important are the ethical are the around the privacy and the securities are the necessary. The data are the hacking are the danger are the conceptual to the based on the around on the primarily are the privacy and the security was the necessary.

As a result, the ethical danger of data mining primarily centers around privacy and security issues. Therefore, option (a) is correct.

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A 3,000 square foot office space is leased for $17.00 per square foot. The space is vacant one month out of the year. Expenses total $22,500 for the year but an expense stop is in place that passes $4,500 of these expenses onto the tenant. What is the landlord's Net Operating Income

Answers

Answer: $28,750

Explanation:

Landlord's Operating income = Revenue - Expenses

Revenue

= 3,000 * 17 * 11/12 months  

= $46,750

Expenses

Expense stop passes $4,500 to tenant so;

= 22,500 - 4,500

= $18,000

Operating income = 46,750 - 18,000

= $28,750

Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 85,800 Depreciation expense 12,500 Gain on sale of land 8,000 Increase in merchandise inventory 2,550 Increase in accounts payable 6,650

Answers

Answer:Cash provided  bY operating activities  = $94,400

Explanation:

Using the indirect method

Net Income                                           $85,800

Add :

Depreciation  expense                         $12,500

Increase in accounts payable                $6,650

Deduct :

Gain on sale of land                               ($8,000)

Increase in inventory                              ($2,550)

Cash provided  bY operating activities              $94,400

Answer:

94,400

Explanation:

Cash flow from operating activities using the indirect method is calculated as follows

Statement of Cash Flow

                                                               Amount          Total

Income                                                    85,800  

Gain on sale of Land                         (8,000)  

Depreciation                                         12,500

Increase in inventory                         (2,550)  

Increase in accounts payable                6,650  

Cash flow from operating activities                            94,400

It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income

Answers

Answer:

The effect that the acceptance of the offer will have on net income is a decrease of $2,250.

Explanation:

This can be determined as follows:

Number of units offer to purchase by a buyer = 2,500

Price offered per unit by the buyer = $21.90

Variable cost per unit = $20.90

Allocated fixed costs per unit = $1.90

Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80

Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90

Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250

Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:
A. 3.
B. 5.
C. 9.
D. 16.
E. 25.

Answers

Answer:

There are four activities on the critical path, and they have standard deviations of 1, 2, 4, and 2 days. The standard deviation of the critical path is:

C. 9.

Explanation:

The implication is that the standard deviation of the critical path is the sum of the standard deviations of the four activities on the critical path.  This sums to 9 days (1 + 2 + 4 + 2), implying that the critical path varies from the mean days of critical path activities by 9 days plus or minus.

What is the maximum that should be invested in a project at time zero if the inflows are estimated at $50,000 annually for 3 years, and the cost of capital is 9%?

Answers

Answer:

the maximum amount is $126,564.73

Explanation:

The computation of the maximum amount that should be invested at time zero is shown below:

The Present value of the annuity is

= Annuity × [1 - (1 + interest rate)^-time period] ÷ rate

= $50,000 × [1 - (1.09)^-3] ÷ 0.09

= $50,000 × 2.531294666

= $126,564.73

hence, the maximum amount is $126,564.73

We simply applied the above formula so that the correct value could come

And, the same is to be considered

What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $40,000 for the first three years and $25,000 per year for years four and five, and $50,000 per year for years six through eight?

Answers

Answer:

It will take 5.2 years to cover the initial investment.

Explanation:

The payback period is the time required to cover the initial investment.

year 1= 40,000 - 180,000= -140,000

Year 2= 40,000 - 140,000= -100,000

Year 3= 40,000 - 100,000= -60,000

Year 4= 25,000 - 60,000= -35,000

Year 5= 25,000 - 35,000= -10,000

Year 6= 50,000 - 10,000= 40,000

To be more accurate:

(10,000/50,000)= 0.2

It will take 5.2 years to cover for the initial investment.

Which of the following does NOT distinguish a blog?

a. Updated frequently Include links, pictures, videos
b. Collection of thoughts on a variety of topics
c. Written in second person
d. Accessible online for free

Answers

Answer:

c. Written in second-person

Explanation:

Indeed, although blog contents are available online for free, may include links, pictures, videos, and a variety of thoughts, they are usually not written in second-person writing style.

Remember, the second-person writing style involves writing from another person's viewpoint. However, a blogger often writes from his or her views on a variety of topics which ultimately implies they'll use the first-person writing style. Hence, a blog is not distinguished by been written in the second person.

The manufacturing process used to make a wide variety of highly customized products typically in small quantities as small as one is a:_____

Answers

Answer:

"Job Shop" would be the appropriate solution.

Explanation:

A workshop seems to be a small enterprise or organization that makes unique items within one person at the same time. It is a production unit that deals in tailor-made including custom-built components in limited amounts. Under that same production or manufacturing economy, a large number of products are manufactured with smaller quantities requiring a remarkable setup as well as production measures.

The book value per share of stock is the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is

Answers

Answer:

False

Explanation:

The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.

The book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.

Hence, the book value per share of stock is not the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is completely false.

When each additional worker hired contributes less than the previous worker hired to total output, we can say there are (is):_______

a. falling average productivity
b. diminishing marginal utility
c. diminishing average returns
d. diminishing marginal returns

Answers

Answer:

d. diminishing marginal returns

Explanation:

The diminishing marginal returns refer to a reduction in the marginal output where the value of the single factor would be rises keeping all other production factors the same or constant

Since in the question it is mentioned that for each extra worker hired that contributes would be lesser than the earlier worker hired

So this represents the diminishing marginal returns

hence, the option d is correct

Frankini has a coffee shop business he opened in the small country of Timpopo. After paying for his business license he opened the shop. Business has be increasing, but he is continually squeezed by corrupt policemen wanting bribes for protection and greedy politicians continually making new rules to extract more money from his business. Frankini’s business environment is not really supportive. What would make business in Timpopo better?

a. More international trade unions.
b. Government programs to assist the poor and needy.
c. A set of effective laws and adequate protection under those laws.

Answers

Answer: c. A set of effective laws and adequate protection under those laws.

Explanation:

Out of the options given in the question, the option that'll make business in Timpopo better is a set of effective laws and adequate protection under those laws. The set of effective laws and adequate protection would be vital in order to curb corruption in the country.

When these are out in place, the atrocities commuter by both the policemen and the greedy politicians will be curbed and this will bring about a supportive business environment.

Dividends are best defined as:

a. cash or stock payments to shareholders.
b. cash or stock payments to either bondholders or shareholders.
c. distributions of stock to current shareholders.
d. cash payments to shareholders.
e. cash payments to either bondholders or shareholders.

Answers

Answer: a. cash or stock payments to shareholders

Explanation:

A dividend is a cash or stick payment that is given to the shareholders of a company. This reward given to the shareholders can be in the form of cash or other form.

The dividend given to the shareholders is gotten out of the profit that the company makes.

Therefore, the correct option is A.

Globalization forces small businesses to compete worldwide. The result of globalization is that operation manager (OM) or owner must do which of the following to stay competitive:

Answers

Answer:

- Making sure the cost of their asset management is as low as possible

- Maximize their product delivery

- Making sure that their price of operation is efficient

- making sure price of their product is competitive

Explanation:

Due to globalization, businesses are forced to compete on foreign markets that they might not be familiar with. In such situations, lowering cost of production while maintaining the quality of their products is the best thing that they can do to maintain a healthy profit margin. This can be done by lowering the cost that they need to make maintenance of their assets and minimizing the cost they need to acquire materials.

On top of lowering cost of production, they also need to provide better services and reasonable price range for the costumers. They need to put a good customer service call along with on time delivery to keep customers happy.

Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Answers

Answer:

Price of the Bond = $935.63

Explanation:

N = 15 x 2 = 30

I/Y = 7.0%/2 = 3.5%

PMT = 6.3% x 1000 / 2 =  31.5

FV = 1000

Using the Ms Excel Function

Price of the Bond = PV(N, I/Y), PMT, FV)

Price of the Bond = PV(30, 3.5%,  31.5, 1000)

Price of the Bond = $935.6278411

Price of the Bond = $935.63

A corporate bond has an annual coupon rate of 7.5% and pays interest annually. The face value is $1,000 and the current market price is $1,108.15. The bond matures in 14 years. What is the yield to maturity?

a. 6.31%
b. 7.82%
c. 8.00%
d. 8.04%
e. 8.12%

Answers

Answer:

the correct option is a. 6.31%

Explanation:

The computation of the yield to maturity is shown below:

Given that

Present Value = $1,108.15

NPER = 14

Future Value = $1,000

PMT = $1,000 × 7.5%

Now the formula is shown below:

= RATE(NPER;PMT;-PV;FV;TYPE)

= 6.31%

hence, the yield to maturity is 6.31%

Hence, the correct option is a. 6.31%

All other options are wrong

Google reportedly offered to buy Groupon for $5 billion to $6 billion in November 2010—an offer that Groupon turned down. Why do you think Google wanted to acquire Groupon, and why do you think Groupon turned Google down?

Answers

Answer:

Google acquisition of Groupon will potential enhance Google strategic value and the traffic of people logging to its site expecting tremendous increase over time. So this appears to be reason for Google to go in for buying Groupon.
Now, the reason for Groupon to turn down Google’s offer of acquisition was most probably that it thought that it can grow faster if it goes alone.

Gene, age 34, and Beth, age 32, have been married for nine years. Gene, who is a college student, works part-time and earns $1,500. Beth is a high school teacher and earns a salary of $34,000.

Required:
a. What is the maximum amount Gene can contribute to an IRA in 2016?
b. What is the maximum amount Beth can contribute to an IRA in 2016?

Answers

Answer:

a. $5,500

b. $5,500

Explanation:

During 2016, the maximum contribution per person was $5,500 ($6,500 if older than 50) or 100% of taxable income, whichever is lower. Since both spouses work, they can both contribute to their own IRA accounts. Assuming that they file their taxes jointly, then they can both contribute the maximum amount (it doesn't matter who earns more money) since their combined AGI is higher than $11,000.

Cerezo Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:

Activity Cost Pools Activity Rate
Assembling products $2.86 per assembly hour
Processing customer orders $48 .23 per customer order
Setting up batches $76.23 per batch

Data for one of the company's products follow:

Product Q79P
Number of assembly hours 252
Number Of customer orders 42
Number OE batches 68

How much overhead cost would be assigned to Product Q79P using the activity-based costing system?

Answers

Answer:

the overhead cost assigned is $7,930.02

Explanation:

The computation of the overhead cost assigned to Product Q79P is shown below:

= (Number of assembly hours × Activity rate per assembly hour) + (Number of customer orders × Activity rate per customer order) + (Number of batches × Activity rate per batch)

= (252 × $2.86) + (42 × $48.23) + (68 × $76.23)

= $720.72 + $2,025.66 + $5,183.64

= $7,930.02

hence, the overhead cost assigned is $7,930.02

All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It is setting limits and restrictions on your money and does not do anything else. C. It helps keep track of your money so you know where it is going. D. It helps you save for both short-term and long-term financial goals.

Answers

Answer:

Ithink B

Explanation:

but I'm not sure

Answer:

b

Explanation:

compare and contrasts the different measures of economic development​

Answers

Economic development indicators

To assess the economic development of a country, geographers use economic indicators including:

Gross Domestic Product (GDP) is the total value of goods and services produced by a country in a year.
Gross National Product (GNP) measures the total economic output of a country, including earnings from foreign investments.
GNP per capita is a country's GNP divided by its population. (Per capita means per person.)
Economic growth measures the annual increase in GDP, GNP, GDP per capita, or GNP per capita.
Inequality of wealth is the gap in income between a country's richest and poorest people. It can be measured in many ways, (eg the proportion of a country's wealth owned by the richest 10 per cent of the population, compared with the proportion owned by the remaining 90 per cent).
Inflation measures how much the prices of goods, services and wages increase each year. High inflation (above a few percent) can be a bad thing, and suggests a government lacks control over the economy.
Unemployment is the number of people who cannot find work.
Economic structure shows the division of a country's economy between primary, secondary and tertiary industries.
Demographics study population growth and structure. It compares birth rates to death rates, life expectancy and urban and rural ratios. Many LEDCs have a younger, faster-growing population than MEDCs, with more people living in the countryside than in towns. The birth rate in the UK is 11 per 1,000, whereas in Kenya it is 40.

A company has beginning inventory of 42 units at a cost of $13.00 each on October 1. On October 5, it purchases 27 units at $14.00 per unit. On October 12 it purchases 37 units at $15.00 per unit. On October 15, it sells 81 units.

Required:
Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?

Answers

Answer:

$375

Explanation:

October 1: 42 units at $13 = $546

October 5: 27 units at $14 = $378

October 12: 37 units at $15 = $555

total = $1,479

October 15: 81 units sold

Cost of goods sold under FIFO:

42 units at $14 = $546

27 units at $14 = $378

12 units at $15 = $180

total = $1,104

inventory on October 15 after sale = $1,479 - $1,104 = $375

Investment is an example of which of the following risks?
O Political risk
O Uncontrollable risk
O Pure risk
O Speculative risk

Answers

Answer:

Political risk

Explanation:

Investment is an example of Political risk of the following risks?

Answer:speculative risk

Explanation:

correct answer

Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:
Product Cost Sales Price
A $40 $60
B 80 100
C 40 80
D 100 130
E 20 30

A) Selling costs include a sales commission equal to 20% of selling price and shipping costs equal 10% of cost. What per unit value should Royal Decking use for each of its products when applying LCNRV?
B) If Royal has 1,000 units of each product, what should total inventory be on the balance sheet if the company applies LCNRV at the product level?

Answers

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product   Cost   Sales Price   NRV                          LCNRV

A              $40      $60           $44 ($60 - 12 - 4)      $40

B                80       100           $72 ($100 - 20 - 8)    $72

C                40        80           $60 ($80 - 16 - 4)       $40

D               100      130           $84 ($130 - 26 - 10)   $84

E                 20       30           $22 ($30 - 6 - 2)       $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product   Cost   Sales Price   NRV                          LCNRV  Inventory value

A              $40      $60           $44 ($60 - 12 - 4)      $40          $40,000

B                80       100           $72 ($100 - 20 - 8)    $72          $72,000  

C                40        80           $60 ($80 - 16 - 4)       $40          $40,000

D               100      130           $84 ($130 - 26 - 10)   $84           $84,000

E                 20       30           $22 ($30 - 6 - 2)       $20          $20,000

Total inventory value                                           $256       $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

Answer:

Explanation:

To get the NRV we should proceed with this formula.

Selling price ($60)x(20%) = 12.

60-12 = 48

Cost ($40)x(10%) = 4.

40-4 = 36

Then we do this.

48 + 36 = 84

Then we subtract this number from the original cost number.

84 - 40 = 44

So the NRV of A is 44.

I am not a professor but this is the way I can teach and using this method I got my question correctly. Do the rest yourself following this example.

A free enterprise system relies on entrepreneurs to:

A.
decide on fair pricing for consumer goods.

B.
settle disputes between competing businesses.

C.
take risks when starting new businesses.

D.
regulate companies in important industries.

Answers

A free enterprise system relies on entrepreneurs to regulate companies in important industries. That is, in a free enterprise system, entrepreneurs have the right to establish private properties with less state control.

Free enterprise encourages economic growth through the possibility of profitability through private property, with companies themselves being responsible for establishing rules and guidelines, following current legislation, but with less intervention.

Business risks are also assumed by entrepreneurs, prices are determined by the law of supply and demand and competition is free.

Therefore, in a free enterprise system, entrepreneurs have the ability to regulate companies in important sectors, contributing to a country's economic growth, investment and industrialization.

The correct answer is letter D.

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Answer:

C. take risks when starting new businesses

Explanation: the other person is wrong

Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a

Answers

Answer: Wholesaler

Explanation:

Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.

A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers

Here, Television Haven is a whilesaler while the department store is a retailer.

Society refers to a(n):

a. environment that does not mention acceptable standard of good and bad behavior.
b. closed, confined unit in which people have to follow a distinct religion.
c. group of individuals who share similar psychological order and community resources.
d. structured community of people bound together by similar traditions and customs.

Answers

Answer:

d. structured community of people bound together by similar traditions and customs.

Explanation:

Remember, the term society often refers to a structured community sharing traditions or customs together not just any group of individuals without cultural connections.

For example, we often hear of Western societies, Asian societies, African societies, etc because they all consist of people young and old who may have different religions but are yet bound together as they have similar traditions and customs, which makes them a Society.

Ryan received land and a building from Thom as a gift. Thom's adjusted basis and the fair market value at the date of the gift are as follows:

Asset Adjusted Basis FMV

Land $40,000 $35,000
Building 110,000 90,000

Thom paid 8,000 gift tax was paid on the transfer.

Required:
a. Determine Gerald’s adjusted basis for the land and building.
b. Assume instead that the fair market value of the land was $87,000 and that of the building was $120,000. Determine Gerald’s adjusted basis for the land and building.

Answers

Answer:

a. Determine Gerald’s adjusted basis for the land and building.

Gerald's adjusted basis for gains:

Land = $40,000Building = $110,000

Gerald's adjusted basis for loss:

Land = $35,000Building = $90,000

The higher the basis, capital gains will be lower. But a lower adjusted basis for loss also decreases the amount of capital losses that can be reported if the asset is sold at a lower price.

b. Assume instead that the fair market value of the land was $87,000 and that of the building was $120,000. Determine Gerald’s adjusted basis for the land and building.

Since the fair market value of the gift is higher than the adjusted basis, then Gerald's adjusted basis will be equal to the FMV (for gains or losses):

Land = $87,000Building = $120,000
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