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3 years ago

When did England begin using interest as we know it today?

Business

1 answer:

balu736 [363]3 years ago

7 0

Answer: Britain has been offering interest rates since the 18th century.

Explanation:

Over the decades, interest rates offered by British banks have fluctuated. During the eighteenth century, that interest rate varied between 4 and 5%. During the 19th century, the interest rate ranged between 4 and 10%. This policy experienced many fluctuations during the 20th century and during that period formed the form as we know it today. In the late 1970s, the interest rate in Britain was the highest at 17%. The government justified this move as the only mechanism in the fight against inflation. This was followed by years of varying interest rate turbulence in Britain. According to the information available in 2007. by 2017, the interest rate in Britain has fallen significantly and stands at 5.75%, which is the lowest rate in recent centuries. Interest history is almost as old as civilization. The first vestiges of interest can be traced back to the Babylonian culture when interest was calculated based on wheat and other goods.

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Matt's Machine Company has borrowed $10 million for four months at 5.5% APR, using inventory stored in a field warehouse as coll

Mnenie [13.5K]

Answer:

The Matt's EAR is 7.24%

Explanation:

The money borrowed by the company (L) = $10 million

Time period for the loan (T) = 4 months

Rate given (APR) = 5.5%

Per Month rate R=5.5%/12=0.46%

The fee of warehouse that is paid at the starting of the loan = 0.5%

Now we have to calculate the Matt’s EAR.

Warehouse fees =0.5%

So Fees F= 0.5% × L = 0.5% × $10 = $0.05 millions

Therefore, the Net amount we get N = L – F = 10 - 0.5 = $9.95 millions

Assume r be the per month EAR

N*(1+r)^4 = L*(1+R)^4

9.95*(1+r)^4 = 10*(1+0.46%)^4

r=0.58%

EAR =(1+r)^12-1= (1+0.58%)^12-1 = 7.24%

8 0

3 years ago

Allen Lumber Company had earnings after taxes of $750,000 in the year 2015 with 300,000 shares outstanding on December 31, 2015.

GarryVolchara [31]

Answer:

Earning per share for the year 2016 is $2.68

Explanation:

For computing the earning per share, we have to use the formula of earning per share which is shown below:

= Net income ÷ total number of outstanding shares

where,

Net income is $937,500

And, the total number of outstanding shares equals to

= 2015 shares + 2016 shares

= 300,000 + 50,000

= 350,000

Now put these values to the above formula

So, the earning per share would be equals to

= $937,500 ÷ 350,000 shares

= $2.68

The earning after tax is not considered. Thus, it is ignored.

Hence, earning per share for the year 2016 is $2.68

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3 years ago

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Evgen [1.6K]

Answer:

Justin's company should prepare to demonstrate that it is ISO 14001 compliant.

This means that it is following the environmental management standards for environmental footprint and waste reduction, while promoting environmental sustainability in its operations.

Explanation:

ISO 14001 is one of the environmental management standards, prescribed by the International Organization for Standardization (ISO), "to help reduce environmental impacts, reduce waste, and make the environment more sustainable," according to the ISO website. ISO 14001 specifies requirements for an effective environmental management system (EMS) by providing a follow-able framework.

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3 years ago

Which of the following is an example of a market segment?

Hatshy [7]

Answer: The answer is "b. A group of individuals with different product requirements".

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3 years ago

A severe freeze has once again damaged the Florida orange crop. Explain the impact of the weather condition on the market for or

Elanso [62]

Answer:

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3 years ago