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kiruha [24]
1 year ago
5

What is the prime rate? a. the prime rate is the best interest rate that banks offer their most creditworthy customers. b. the p

rime rate is the interest rate on a credit card, unadjusted for interval compounding. c. the prime rate is the number which indicates your credit history. d. the prime rate is the highest interest rate allowed by law. please select the best answer from the choices provided a b c d
Business
1 answer:
trapecia [35]1 year ago
3 0

Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.

A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.

It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.

To learn more about prime rate here,

brainly.com/question/28235888

#SPJ1

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1. What is the name of the man behind black history month?<br><br> I need a answers plz
Andreas93 [3]

Answer:

Carter G. Woodson

Explanation:

Woodson. Carter G. Woodson was a scholar whose dedication to celebrating the historic contributions of Black people led to the establishment of Black History Month, marked every February since 1976.

7 0
3 years ago
7. EB Company sells a large pack of "Cutie" diapers for $20. One pack of diapers requires two pounds of raw material and one hou
kondaur [170]

Answer:

c. 600

Explanation:

One pack of diapers requires two pounds of raw material and one hour of direct labor for manufacture. Since Raw material costs $3 per pound and direct production labor is paid $4 per hour.

Therefore the cost of producing one pack of diaper = 2 pounds($3 per pound) + 1 hr($4 per hour) = $6 + $4 = $10

Since Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month, the total expense for x diapers per month is given as:

Expense = $2000 + $4000 + $10x = $10x + $6000

The revenue generated by selling x diapers per month since one pack is sold at $20 is given as:

Revenue = $20x

At break even, Revenue = Expense

Therefore: $10x + $6000 = $20x

20x - 10x = 6000

10x = 6000

x = 6000/10 = 600

EB would need to sell 600 diapers to break even

8 0
3 years ago
The reasons for using the variable-cost approach include all of the following except this approach provides the most defensible
Ber [7]

Answer:

The reasons for using the variable-cost approach include all of the following except

this approach provides the most defensible bases for justifying prices to all interested parties.

Explanation:

This is not part of the reasons for using the variable-cost approach.  But options b, c, and d are certainly the reasons why the variable-cost approach is used.  The variable-cost approach provides a differential analysis for decision-making.  It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period.  Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.

3 0
3 years ago
Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out
Reika [66]

Answer:

(3) $3,750,000

Explanation:

The computation of the expect monthly sales to be as high is shown below:

Given that

Sales per month = $300,000

Royalty payments = 8% of sales

So, the expected monthly sales would be

= Sales per month ÷ Royalty payments percentage

= $300,000 ÷ 8%

= $3,750,000

We simply divided the sales per month by the royalty payment percentage i.e 8%

5 0
3 years ago
What are stocks? Loans people make to a government and expect to be repaid A pool of money from investors that is invested in ma
ozzi

Answer:

The correct answer to the following question is the last option - the shares of ownership in a company that may pay dividends .

Explanation:

Stocks which are also popularly know as shares or equity, can be defined as one of the types of securities which signifies the proportion of ownership in the issuing company . If a person ( who is know as the shareholder or stockholder ) holds a company's shares , then that person is entitled to the proportion of company's assets and earnings ( the proportion would depend upon the number of shares he or she is holding ) . If a company earns profit, then that shareholder would receive some portion of that earning in form of dividends .

4 0
4 years ago
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