Which of the following follows the peak in the business cycle?

Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set

Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748

3 0

3 years ago

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Which of the following is unlikely to be a primary building block in a company's organizational structure?

pishuonlain [190]

Answer and Explanation:

The correct answer is option C

C. Empowered employee departments

7 0

3 years ago

The Muffin House produces and sells a variety of muffins. The selling price per dozen is $15, variable costs are $9 per dozen, a

Airida [17]

<h3>Hello there!</h3>

Your question asks how many muffins the Muffin House needs to sell in order to breakeven

<h3>Answer: 700 Muffins</h3>

In order to find the answer to your question, we first need to gather important information from the question.

Important Information:

Selling price/ per muffin = $15
Variable costs (cost to make)/ per muffin = $9
Total fixed cost = $4,200

With the information above, we can find the answer to the question.

The Muffin House spends $9 to make a muffin, but sells it for $15. So the Margin is $6 (profit).

We would only make profit from the Margin price, so we need to get the Margin price to $4,200.This means we would need to divide 4200 by 6 to get our answer. Since they want to breakeven with the fixed cost, they need to sell as much muffins for the Margin to add up to $4,200 at the end to breakeven.

$4200 \div 6=700$

When you're done solving, you should get 700.

This means that The Muffin House must sell 700 muffins in order to break even.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>

4 0

3 years ago

To what degree a country's legal system is based on the rule of law matters little in international business.

marissa [1.9K]

Rule of law is very important in case of country’s legal system

This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.

People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.

Learn more about rule of law at

brainly.com/question/820417

#SPJ4

3 0

2 years ago

Preparing journal entries-outputs Hartley Company has a production process that involves three processes. Units move through the

Blababa [14]

Answer:

(It is assume that completed unit have been transferred to next department)

The jounal entries for each transaction is given below.

Cost of units completed in the Cutting Department, $17,000

Debit WIP stamping Dept $ 17,000

Credit WIP cutting Dept $ 17,000

Cost of units completed in the Stamping Department, $30,000

Debit WIP polishing Dept $ 30,000

Credit WIP stamping Dept $ 30,000

Cost of units completed in the Polishing Department, $35,000

Debit Finished good $ 35,000

Credit WIP polishing Dept $ 35,000

Sales on account, $50,000

Debit GOGS $ 40,000

Credit Finished good $ 40,000

Debit Receivable Account $ 50,000

Credit Sales $ 50,000

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3 years ago

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