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Lisa [10]
3 years ago
10

The effective rate of a $25,000 non-interest-bearing simple discount 10%, 90-day note is

Business
1 answer:
Vlada [557]3 years ago
5 0
<span>For the answer to the question above, the $25,000 due in 90 days.
 I'll use 365 days per year. 10% simple discount:
25000*0.10(90/365) = 616.44
Cash in hand at the beginning of the 90 days:
25000 - 616.44 = 24,383.56

Solve for r: 616.44 = 24383.56*r*(90/365) 

r = 0.10252837 or the nearest answer is letter <span>C. 10.26%
It is not exact because maybe he rounded  off the </span></span>24383.56 
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When doing research, Economists _______ a. Follow the scientific method: observation, theory, and more observation b. Cannot use
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Answer:

d. All of the above

Explanation:

Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
The Securities and Exchange Commission (SEC) may discipline accountants. Under its disciplinary powers, the SEC may suspend an a
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Answer:

D. Conviction of a felony.

Explanation:

The basis for the suspension is the <u>Conviction of a felony</u>. As common, significantly more severe the violation, that has more severe the penalty. As an illustration but observed guilty of a misbehavior violation, thou may only have to give a penalty. If a court declares a felony conviction after that you may be inspecting various years in the penitentiary. Remaining convicted concerning a felony is a dangerous matter.

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Pierre, a cash basis, unmarried taxpayer, had $2,180 of state income tax withheld during
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A bond's ______ is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A bond issuer is said to
blondinia [14]

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Maturity value; Default; Sinking fund provision; Call provision.

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8 0
3 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours a
Andrej [43]

Answer and Explanation:

The preparation of the cost of goods sold budget is presented below:

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Direct labor ($16 × 1.9 × 20,000 chairs) $608,000

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Fixed overhead rate ($1.30 × 1.9 × 20,000 chairs) $49,400

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Cost of goods sold $901,721.3

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3 years ago
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