Refers to you having a job going hopefully this helped
Answer:
Friendly's would say you were paying <u>1042.86% APR</u>.
Explanation:
Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.
Annual Percentage Rate (APR) can be determined using the following formula:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00
Principal = Amount to borrow = $10.00
n = Number of days in the loan term = One week = 7 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2) / 10 / 7] * 365} * 100
APR = 1042.86%
Therefore, friendly's would say you were paying <u>1042.86% APR</u>.
Answer:
True
Explanation:
The dividends to be recognized are always for the amount they are given in cash, but in case of property dividends, the dividends are to be recognized at fair value of the property distributed.
This is in accordance with GAAP.
There is no recognition based on book value or carrying value of the property distributed as do not represent the net exchange value of the property.
Therefore, the statement is TRUE
Answer:
(C) 17.65%
Explanation:
For computing the maximum sales growth rate, first we have to determine the full capacity sales which are shown below:
= Sales value ÷ capacity percentage
= $850 million ÷ 85%
= $1,000 million
Now the maximum sales growth rate would be
= (Full capacity sales - actual sales) ÷ (actual sales)
= ($1,000 million - $850 million) ÷ ($850 million)
= $150 million ÷ $850 million
= 17.65%
Letter b is correct.
When a company increases its sales volume, the ideal to achieve economies of scale is to reduce the average cost of unit produced by decreasing fixed costs. The higher the production and sales volume, the lower the average cost of production and therefore the lower the fixed cost, as the utilization of existing facilities and resources such as machines, labor and facilities causes production capacity to increase and costs to increase. fixed do not change. Therefore adopting high cost structures is not advantageous to achieve economies of scale.
