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Svet_ta [14]
3 years ago
7

Question 4 (multiple choice)

Business
1 answer:
saw5 [17]3 years ago
3 0
Exact interest means that there are 365 days in a year
Now use the formula of simple interest
I=p×r×(t/365)
I interest earned 2000
P amount of the loan 7300
R interest rate 0.08
T time t days
Solve the formula for t to get
T=[I÷(pr)]×365
T=(2,000÷(7,300×0.08))×365
T=1,250 days

Hope it helps!
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A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is
wlad13 [49]

Answer: A. a downward-sloping labor demand curve.

Explanation:

If the marginal product of labor is diminishing then that means that for every extra worker hired, less products are made than the last worker. As a result of this, companies will not want to pay high wages to workers because they would be bringing in less revenue when hired.

This will cause a downward-sloping labor demand curve that shows that as more workers are hired, the company would like to pay less wages because each new worker is only producing less than the last worker.

8 0
3 years ago
Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social
WARRIOR [948]

Answer: Fair and Accurate Credit Transaction Act

Explanation:

From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.

Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.

7 0
3 years ago
On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1
UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation:                                      Second year depreciation:

= 1,250 * 8                                                                  = 2,755 * 8

= $10,000                                                                   = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date                    Account Title                                    Debit                 Credit

June 30, Year 1 Depreciation                                     $10,000

                          Accumulated Depreciation                                       $10,000

Date                       Account Title                                   Debit                 Credit

June 30, Year 2     Depreciation                                 $22,040

                              Accumulated Depreciation                                  $22,040

Date                       Account Title                                   Debit                 Credit

June 30, Year 3     Depreciation                                 $9,800

                              Accumulated Depreciation                                  $9,800

4 0
3 years ago
As part of your plan to lead the change effort to increase team productivity, you want to build momentum by generating short-ter
Murljashka [212]

Answer: Visible to senior leadership but not lower levels of the organization

Explanation:

Most short term wins are not visible to senior leadership, but are obvious to lower levels of the organization. The senior leadership wants results at the end of a business day and may not recognize the efforts that have been put in place by lower level of the organization for the progress that is noticeable so far.

3 0
3 years ago
What Supreme Court decision overturned Plessy v. Ferguson? A. Brown v. Board of Education B. Engel v. Vitale C. Marbury v. Madis
alina1380 [7]
<span>What Supreme Court decision overturned Plessy v. Ferguson?

</span><span>A. Brown v. Board of Education</span>
5 0
3 years ago
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