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3 years ago

Von hayek's kayaks can borrow $12,500 for 60 days at a cost of $220 interest. what is the effective rate of interest?

1 answer:

6 0

The principal amount is $12,500. From the above statement the interest for two months is $220. And the annual interest is 1320. This is 10.56% of the principal amount. So the rate of interest in 10.56

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The George Company has a policy of maintaining an end-of-month cash balance of at least $40,000. In months where a shortfall is

Amiraneli [1.4K]

Answer:

A.$130

B. $13,130

Explanation:

Loan taken at the beginning of april in order to maintain cash balance of $40,000 = $40,000 - $27,200 = $12,800 = $13,000 (Increment of $1,000)

Interest payment estimated for april = $13,000*12%*1/12 = $130

Solution b:

Cash balance at the end of april = $27,200 + $13,000 - $130 = $40,070

Cash balance at the end of may before financing effect = Cash balance at the beginning + Excess of cash collected over cash payments

= $40,070 + $31,200 = $71,270

Total financin effect for may = Loan repayment + Interest repayment = $13,000 + $13,000*12%*1/12 = $13,130

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3 years ago

While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has

marysya [2.9K]

Answer:

(B). 50 cents

Explanation:

Marginal cost is the cost incurred by producing or purchasing one more unit of an item.

If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).

However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.

Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.

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3 years ago

Furniture Shine is introducing an improved version of its existing wax targeted to owners of antiques. The firm has decided to l

ra1l [238]

Answer:

modified product - multiple markets

Explanation:

This type of strategy consists of offering different products, which are modified versions of some exiting product, to new markets.

In this case, the improved version of the wood wax is a modified version of the old wood wax, and is going to be targeted to a new and specific market (antique owners), while the original version is still going to be targeted at the current market.

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4 years ago

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p

Jet001 [13]

Answer:

Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

Explanation:

The visual appearance is both non rival and non excludable I.e. Pure public good

Benefit is 17*490=8.330

Benefit is greater than cost so college administrators should undertake the beautification initiative

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3 years ago

Simply selling state-owned assets to private investors is not enough to guarantee economic growth.

Olenka [21]

The answer is true because consumers wouldn't have the same success in this economy and it needs growth and change in order for it to maintain stability

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3 years ago