1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nina [5.8K]
3 years ago
10

Student Emergency Financial Services, Inc., which makes small loans to college students, offers to lend $550. The borrower is re

quired to pay $42 at the end of each week for 16 weeks. Find the interest rate per week. What is the nominal interest rate per year
Business
1 answer:
Step2247 [10]3 years ago
7 0

Answer:

Interest per week=17.4%

Explanation:

Using equation

F=P(1+i)^n

where n is the time period,P is the present value and F is the future value

Given F=550,P=42 and n=16 solving equation we will get

i=17.4%

You might be interested in
McCarthy Industries has two sales territories-East and West. Financial information for the two territories is presented below: E
kirill [66]

Answer:

Decrease in income by $227,000

Explanation:

The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;

= -Sales + Direct cost + fixed cost - salary per year

= -$980,000 + $343,000 + ($450,000 - $40,000)

= -$980,000 + $343,000 + $410,000

= -$227,000

Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000

Decrease in income by $227,000

3 0
3 years ago
Which of the following would not be an ethical problem created by employee relationships
Volgvan

Answer:

The correct answer is letter "B": Investors expecting a return on their investment regardless of the cost.

Explanation:

<em>Ethical employee relationships</em> arise when one worker does not show his or her personal values affecting another employee. It is the result of the interaction between them that could lead to the violation of the Code of Ethics of the company.

Thus, <em>if investors expect returns on their investments, there is no employee conflict in that situation, ethical or not.</em>

6 0
4 years ago
The beginning balance in Cash was $3,500. Additional cash of $2,000 was received. Checks were written totaling $2,500. The cash
Svetach [21]
Your bank account has 3,500 in it. You add 2,000 to your account because someone gave it to you. That will leave you with 5,500 But, its time for you to make out your monthly bills. So take your 5,500 in your account and subtract 2,500. it will leave you with a cash balance of 3,000.
6 0
3 years ago
Read 2 more answers
Which government agency oversees the Bureau of Consumer Protection?
Anna [14]

Answer:

Federal Trade Commission

Explanation:

The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.

FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.

4 0
3 years ago
Sandy's sandwich sitdownsandy's sandwich sitdown priced its lunch treatslunch treats at ​$2.002.00​, they sold 250250 per week.
Murrr4er [49]
<span>To calculate the absolute price elasticity in this case, the expression is the quantity demanded change divided by the change in the price, both expressed as percentages. For the sandwiches, the demand dropped by (50/250), or 20% (0.20), while the price increased by (1.00/2.00), or 50% (0.50). The expression, then, would be (0.20/0.50), or a price elasticity of demand of 0.40.</span>
7 0
3 years ago
Other questions:
  • Linda and Richard are married and file a joint return for 2019. During the year, Linda, who works as an accountant for a nationa
    12·1 answer
  • Blythe, an accountant for Credits &amp; Debits, acquires a negotiable instru­ment from Eton by promis­ing to pay its face value
    13·1 answer
  • Which of the following had the greatest influence on opening the Internet to the general public? A. The introduction of the grap
    10·2 answers
  • joe is a single man whose salary is $40,000 per year. Based on the tax table below, how much does he need to contribute to his e
    15·1 answer
  • In an effort to get him to clean his bedroom, zack's mother gave him a gold star every time he cleaned it. each time he earned f
    13·1 answer
  • You just got back from a convention where you saw some new software that you think the information technology director could use
    9·1 answer
  • Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow f
    12·1 answer
  • The ledger of Marigold Corp. on July 31, 2017, includes the selected accounts below before adjusting entries have been prepared.
    11·1 answer
  • Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capa
    5·1 answer
  • Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!