Answer: 8%
Explanation:
The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,
APR = Finance Charge / Amount borrowed.
To calculate the Finance charge we add the interest and the service charge.
Finance charge = 25 + 15
= $40
Back to the APR formula we will have,
APR = Finance Charge / Amount borrowed
APR = 40/500
= 0.08
APR is 8%.
Answer:
37.9 days
Explanation:
Given that,
Net sales = $951,000
Beginning accounts receivables = $75,500
Ending accounts receivables = $122,000
Average accounts receivables:
= (Beginning accounts receivables + Ending accounts receivables) ÷ 2
= ($75,500 + $122,000) ÷ 2
= $98,750
Accounts Receivable Turnover:
= Net sales ÷ Average accounts receivables
= $951,000 ÷ $98,750
= 9.63
Average collection period:
= 365 days ÷ Accounts Receivable Turnover
= 365 days ÷ 9.63
= 37.9 days
When practicing entrepreneurship, starting with means at hand involves analyzing who you are.
<h3>What is entrepreneurship?</h3>
entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.
Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.
Learn more about entrepreneurship at;
brainly.com/question/22477690
#SPJ1
Answer:
11,513
Explanation:
Data provided in the question:
Initial bacteria = 200
Growth rate r(t) = 
Now,
Total growth after 3 hours = 
or
Total growth after 3 hours = 
or
Total growth after 3 hours =![450.268[\frac{e^{1.12567t}}{1.12567}]^3_0](https://tex.z-dn.net/?f=450.268%5B%5Cfrac%7Be%5E%7B1.12567t%7D%7D%7B1.12567%7D%5D%5E3_0)
[ ∵ 
]
Thus,
Total growth after 3 hours = 400 × ![[{e^{1.12567t}]^3_0](https://tex.z-dn.net/?f=%5B%7Be%5E%7B1.12567t%7D%5D%5E3_0)
or
Total growth after 3 hours = 400 × ![[{e^{1.12567(3)}-e^{1.12567(0)}]](https://tex.z-dn.net/?f=%5B%7Be%5E%7B1.12567%283%29%7D-e%5E%7B1.12567%280%29%7D%5D)
or
Total growth after 3 hours ≈ 11313
Hence,
Total bacteria after 3 hours = Initial bacteria + Total growth after 3 hours
= 200 + 11313
= 11,513
