1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
1 year ago
13

margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?

Business
1 answer:
Gala2k [10]1 year ago
7 0

Answer:

23

Explanation:

800 * 5% * (7/12) = 23.333

dividing 7 by 12 coz there r 12 months in a year and she is paying for 7.

You might be interested in
Which of the following lists two things that both decrease the money supply?
zysi [14]

Answer: B. raise the discount rate, make open market sales are two things that both decrease the money supply.

Explanation: If the discount rate is high, less banks are likely to borrow money from the Federal Reserve because they will be paying a higher interest rate on the borrowed funds. Open market refers to banks buying and selling different government entities in an open market.

3 0
3 years ago
Identity errors, incorrect account details, and fraudulent accounts are the most common credit report errors. What should you do
Lostsunrise [7]

Answer:

The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.

Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

4 0
3 years ago
Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the av
Xelga [282]

Answer:

Invnetory TurnOver   10

Average inventory   36.5

Explanation:

\frac{COGS}{Inventory} = $TO Inventory\\

300,000 / 30,000 = 10

The company sales his inventory 10 times per year

In some cases, we are given with a beginning and ending inventory.

For those, we calculate the average inventory:

(beginning + ending)/2

\frac{365}{Inventory \: TO} =$average age

365/10 = 36.5

The average the inventory age is 36.5 days

365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.

we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.

7 0
3 years ago
Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net reali
NeTakaya

Answer:Hi

Explanation:Hi

8 0
3 years ago
2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many
melamori03 [73]
C would be the correct answer. Because you can divide 15 by 5 and then multiply 3 by 3.
6 0
3 years ago
Other questions:
  • You have determined you want to buy an advanced hybrid vehicle, and a visit to ford's website has revealed that the ford fusion
    10·1 answer
  • What is the best way to judge the success of your communication? How quickly the message is developed Use of jargon Through feed
    15·1 answer
  • The incident commander or unified commander establishes incident objectives that include:
    13·1 answer
  • The human resources department is happy to announce a career development workshop. the workshop will be led by joseph pelletier.
    8·1 answer
  • What is buisness studies​
    14·2 answers
  • Fixed cost $500<br> Marginal cost $10<br> Item sells for 30$ <br> What is the cost function
    5·1 answer
  • Who wants to trade on rocket league
    6·2 answers
  • Homeowners insurance covers loss of a home caused by which of the following two factors? fire inability of owner to pay mortgage
    12·2 answers
  • Creditors want to see that a company that owes them money has ______. Multiple choice question. liabilities that are greater tha
    12·1 answer
  • If you started your own company selling iphone applications, what organizational structure would you create? why?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!