A $150,000 loan has monthly interest-only payments of $1,000. its annual interest rate is 8 percent. Option C
This is further explained below.
<h3>What is the annual interest rate?</h3>
Generally, The annual cost of borrowing money, including any associated fees, is referred to as the Annual Percentage Rate (APR). This rate is given as a percentage.
In conclusion, The equation for Rate is mathematically given as
R= payment / principal,
Where
$1,000 x 12 = $12,000
Therefore
$12,000 / $150,000 principal
Rate = 8%.
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complete question
A $150,000 loan has monthly interest-only payments of $1,000. Its annual interest rate is
3 percent.
6.5 percent.
8 percent.
12.5 percent.
Answer:
correct option is C. 7.00
Explanation:
given data
sales = 1600 units
cost = $50
Variable expenses = 30%
total fixed expenses = $48,000
solution
we get here Degree of operating leverage that is express as
Degree of operating leverage = Sales - variable cost ÷ (sales - variable cost - fixed cost) ......................1
here Sales is = 1600 × 50 = 80000
and
Variable cost = 80000 × 30% = 24000
put here value in equation 1 we get
Degree of operating leverage =
Degree of operating leverage = 7
so correct option is C. 7.00
Answer:
LPD's projected gross profit for April is $70.000 (B)
Explanation:
We can define Gross Profit as follows:
<u>Sales - Cost of goods sold</u>
In our case, we need to find the gross profit for April:
Projected Sales: $350.000
Cost of goods: <u> -$280.000 ($350.000 * 80%)</u>
Gross Profit: $ 70.000
The other information can help us to define cash management, because they are related with payments, for example: sales collected, cost payments or cash balance.
A tax that is considered fair by most people in a society is where the tax rate is progressive so that the more a person earns the higher rate of tax they pay and on the opposite end of the scale those with low income should pay very little if any. The other very important factor which is involved is is what are the taxes spent on? If they are mainly spent on meeting the needs of the most dispossessed people plus the basic needs of the general society for health care, education and housing then that is very important too.
Answer:$23598000
Explanation:
14.8% of 171,000,000= 25,308,000
Less 1% of 171,000,000= 1,710,000
= ......... .