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stellarik [79]
3 years ago
14

You borrow $2,500. you are to pay back the loan in 36 monthly payments of $79.50. what true annual interest are you paying to th

e nearest tenth of a percent?
Business
2 answers:
bija089 [108]3 years ago
5 0

Answer:

9.4%

Explanation:

use I = 2yc / m(n+1)

Pepsi [2]3 years ago
4 0

Answer:

4.8%

Explanation:

36months*$79.50=$2862

$2862-borrowed 2,500=362

362/3 years=$120 2/3

this means that the interest is 120 2/3 /2500, which is 0.048266, or 4.82, or in your case 4.8%

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Ricardo conducts a survey to learn where consumers get information for buying used cars. This is an example of _____.
maxonik [38]

Answer:

both market research and marketing research APEX

Explanation:

7 0
3 years ago
c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need
arlik [135]

Answer:

They would help the product that they are selling sell better and would provide examples that would help the product sell better. The better the product sells the better the sales person gets paid. they would likely need not much help sense a sales person is mostly just for the company to sell their product or service well.

Explanation:

I hope this helped

4 0
2 years ago
The S&H Mercantile in Luther is the only game in town for a number of items, and tries valiantly to use only the storage spa
Artemon [7]

Answer:

A. The required order cost per lot is $0.388

B. The required order cost per lot is $0.9216

Explanation:

A. According  to the given data Given area of shelf space = 5 Ft * 4 Ft = 20 Sq. Ft

Let us covert it to Sq. inch

1 Ft = 12 Inches

Therefore , Area of shelf space = 20 *12 * 12 = 2,880 Sq. in

1 can of water takes 20 Sq inch of shelf space

Therefore no. of cans that the shelf space can hold = 2880 / 20 = 144 Cans

Now SH wants to store exact amount of shelf space without needing to store cans somewhere elseand hence this 144 cans becomes EOQ (Economic order Qty.)

Now we know EOQ = √(2KD) / h ----Eq. 1

EOQ = 144

K = Fixed ordering cost = ?

D = Annual demand = 8000

h = Holding cost = ?

C = Cost per can = $ 3

i = 10 % (Carrying cost as percentage of Unit cost)

h = i * C

h = 10 % * $ 3

h = $ 0.3

Substituting above in Eq. 1 and solve for K

EOQ = √ (2KD) / h

144 = √(2 * K * 8000) / 0.3

Squaring both sides we get

20,736 = (16,000 * K ) / 0.3

20,736 * 0.3 = 16,000 * K

K = 6220.8 /16000

K = $ 0.388 = Ordering cost per order

The required order cost per lot is $0.388

B.  Here EOQ remains same = 144  But other parameters change

K = Fixed ordering cost = ?

D = Annual demand = 27,000

h = Holding cost = ?

C = Cost per can = $ 12

i = 20 % (Carrying cost as percentage of Unit cost)  

h = i * C

h = 20 % * $ 12

h = $ 2.4

Substituting above in Eq. 1 and solve for K

EOQ =√(2KD) / h

144 =  √(2 * K * 27,000) / 2.4

Squaring both sides we get

20,736 = ( 54,000 * K ) / 2.4

20,736 * 2.4 = 54,000 * K

K = 49,766.4 /54,000

K = $ 0.9216 = Ordering cost per order

The required order cost per lot is $0.9216

4 0
3 years ago
our individuals form a business and create a contract to divide the profits equally among the four. Gary invests $11,000, Neil i
Sedbober [7]

Answer:

$800

Explanation:

The computation is shown below:

First we have to determine the total amount invested that is shown below:

= $11,000 + $4,000 + $5,000 + $8,000

= $28,000

And, the profit is $5,600

So, the percentage is

= $5,600 ÷ $28,000

= 0.2

Now the Gary share is

= $11,000 × 0.2

= $2,200

And, each share in profit

= $5,600 ÷ 4

= $1,400

Now the final amount is

= $2,200 - $1,400

= $800

6 0
3 years ago
A factory building is an example of which factor of production?
Luba_88 [7]

Answer:

The making and delivery of the product.

Explanation:

Because in a factory it manufactures the product that they are making and send them to stores to sell the products for money.

5 0
3 years ago
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