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
Fudgin [204]
3 years ago
11

On September 1, 2021, Hiker Shoes issued a $108,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial B

ank where the stated discount rate is 10%. Hiker's effective interest rate on this loan (rounded) is: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
bearhunter [10]3 years ago
6 0

Answer:

effective interest rate = 4.75 %

Explanation:

given data

principal = $108,000

time = 8 months = \frac{8}{12} year

rate = 10%

solution

we get here first interest that is

interest = principal × rate × time .................1

put here value

interest = $108,000  × 10% × \frac{8}{12}

interest = $7200

so here effective interest rate will be here as

effective interest rate = \frac{interest}{principal- interest} × time  ...........2

put here value

effective interest rate = \frac{7200}{108000-7200}  ×  \frac{8}{12}

effective interest rate = 0.04761

effective interest rate = 4.75 %

You might be interested in
If an organization under a compliance law is not in compliance, how critical is it for your organization to mitigate this noncom
serg [7]

Answer:

It is a very critical factor for companies to comply with what the Occupational Risk Prevention law says. Companies are responsible for achieving a safe work environment, and all the sanctions will fall on them if they fail to comply with appropriate security measures, such as an economic, criminal or civil sanction, depending on each situation

Explanation:

The Law on Occupational Risk Prevention aims to guarantee safety and health in the workplace, by complying with certain labor measures. The worker can have a civil responsibility in case of not acting correctly, and will have to answer for it legally if it causes damage to third parties. However, it is finally the company that must respond even when workers cease to comply with their safety obligations.

A good prevention reduces the risk of endangering the integrity of workers. On the other hand, there are various sanctions against companies that do not comply with these measures, the most important is the economic damage, which should be avoided. In more serious cases, criminal or civil liability could also exist, but it would depend on the situation

4 0
3 years ago
“ She turned to her shoulder partner to make sure that she had all that was presented” This is a active sentence how do you turn
Tpy6a [65]

Answer:

A shoulder was turned towards her partner to make sure everything that was presented was taken by her.

Explanation:

In order to change the active sentences into passive sentences, the object in the active sentence is changed into the subject. For example in the above given example, the object is shoulder which is changed into the subject and then the sentence is formed accordingly.

So now it becomes "A shoulder was turned towards her partner to make sure everything that was presented was taken by her."

I hope the answer is helpful.

Thanks for asking.

7 0
4 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Ugo [173]

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷  30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

5 0
3 years ago
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off.
blondinia [14]
It is true because a country that imports a tariff on shoes buyers of shoes in that country don’t do well so the answer would be True
7 0
3 years ago
When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is buil
andreev551 [17]

Harley-Davidson is building brand personality by reinforcing the perception that his brand is masculine, rugged, and individualistic.

<h3>What is Brand personality?</h3>

Brand personality is a characteristics attributed to a brand name to which the consumer can relate.

It is an effective brand increases which empowers one's company to build connections with its target audience.

Hence, Harley-Davidson is building brand personality by reinforcing the perception that the brand is masculine, rugged, and individualistic.

Learn more about Brand personality here: brainly.com/question/14558525

#SPJ1  

3 0
2 years ago
Other questions:
  • If the goal is to cut the total amount of smoke in half in the neighborhood, what isthe cost-effective way to do this?
    15·1 answer
  • Ashley is an attorney who specializes in family law. She uses the cash method of accounting and is a calendar-year taxpayer. Las
    7·1 answer
  • Which of the following is a disadvantage of electronic communication
    15·1 answer
  • Pelican, Inc. had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the current year. Based on the giv
    13·1 answer
  • A moderately​ risk-averse investor has 50 percent of her portfolio invested in stocks and 50 percent in​ risk-free Treasury bill
    14·1 answer
  • What is one course of action available in every decision making process?
    8·1 answer
  • 1. A city government spends $180,000 a month on public services of that amount, 46 percent is used for fire and
    6·1 answer
  • Does the business able to make the most out of the fixed asset?
    6·1 answer
  • Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
    12·1 answer
  • Implementing the closure process includes several _______ activities, including getting delivery acceptance from the customer.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!