Answer:
6.25%
Explanation:
The formula for calculating interest rate is as follows
I= P x R x T
Where
I= interest, P= principal amount, T is time
in this case: I= $60.94, P=$975, T=1 year
Therefore:
$60.94 = $975 x( r/100) x 1
$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.
6094=975r
r = 6094/ 975
r = 6.2502
interest rate = 6.25%
His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.
<h3>What is a team name?</h3>
- The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.
- Team or group must be at the end of team names.
- Terms in team names that suggest the club is providing brokerage services independently of the broker are prohibited.
- Brokerage, corporation, and associates are a some of the forbidden words.
- As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.
<h3>What is TREC?</h3>
- The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
- The organization's main office is located in Austin at 1700 North Congress.
- TREC is made up of nine people who the governor appoints with the support of the Texas Senate.
Learn more about TREC here:
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Answer:
A. Enters a national market after several other foreign firms have already done so.
Answer:
165,000 pounds
Explanation:
A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.
Materials Purchase Budget for Second Quarter (Pounds)
Budgeted Production Materials (80,000 x 2) 160,000
Add Budgeted Closing Materials (90,000 x 2 x 25%) 45,000
Total Materials 205,000
Less Budgeted Opening Materials (80,000 x 2 x 25%) (40,000)
Budgeted Material Purchase (pounds) 165,000
Therefore,
Budgeted purchases of material for the second quarter would be 165,000 pounds
To determine the increase in the amount of money in the economy brought about the $600 taken out of the piggy bank, we multiply $600 by the decimal equivalent of the percentage given. That is,
($600) x (0.02) = $12
Hence, your $600 will increase the amount of money in the economy by $12.
