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3 years ago

The way the bank determines the balance on which to calculate your interest is known as _____.

Business

2 answers:

Readme [11.4K]3 years ago

6 0

The answer is B. Method of computing balance ;)

neonofarm [45]3 years ago

4 0

The way a bank determines the balance on which you calculate your interest is known as an annual percentage rate. In reality, the banks take the annual percentage rate and charge a person on their daily interest rate. You can find out the daily rate by taking the APR, annual percentage rate, and divide it by the number of days in a year. The correct answer is D.

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Marcella has a $65,000 basis in her 50% partnership interest in the JM Partnership before receiving any distributions. This year

PSYCHO15rus [73]

Answer:

C) $40,000 inventory basis, $15,000 JM basis.

Explanation:

JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).

Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:

$65,000 - $40,000 - $10,000 = $15,000

3 0

3 years ago

The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'

adelina 88 [10]

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

5 0

3 years ago

Spontaneous financing refers

nadezda [96]

Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.

6 0

2 years ago

In which case did the U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce cl

sukhopar [10]

The U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970- Gonzalez v. Raich Case

Explanation:

<u>Gonzales v. Raich</u> was a case in which Raich was permitted to grow and use Marijuana for medical purposes but the federal agents seized the marijuana plantation and destroyed it.

<u>Raich then seeked action under the federal Comprehensive Drug Abuse Prevention and Control Act (CFA). In the decision taken by the U.S Supreme court under the commerce clause of the US Constitution,that the congress has the power to criminalize the use and production of home-grown marijuana even if state law allows its use for medicinal purposes.</u>

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3 years ago

The advertised claim for batteries for cell phones is set at 48 operating hours, with proper charging procedures. a study of 500

gregori [183]

Answer:

The answer is NO. The experimental results did not support the claim that less than 0.2 percent of the company's batteries would fail during the advertised time period.

Explanation:

From the illustration, for 15 batteries to fail out of 5000 batteries that means a 0.3 percent failure. Hypothetically, since there has been a claim that about 0.2 per cent will fail and we now have a confirmed failure rate of 15 in 5000 or 0.3 per cent rate, then we can infer that the hypothesis of 0.2 percent may be incorrect after all since it is still less than the confirmed rate of 0.3 per cent failure. Thus, since 0.3 rate is higher than 0.2 rate, then the hypothesis is wrong by a margin of 0.1 percent.

5 0

3 years ago