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
rodikova [14]
3 years ago
13

Austin borrowed $700 from a lender that charged simple interest at a rate of 9% for 6

Business
1 answer:
lukranit [14]3 years ago
8 0

Answer:

Initial capital $700

Interest rate     9%

Period       6 years

Interest paid by year: (700x0.09)    =63

Interest paid at the end of the loan: (63x6) = 378

You might be interested in
The planning/control cycle has two planning steps. They are Select one: a. (1) make the plan, then (2) carry out the plan. b. (1
morpeh [17]

Answer:

a. (1) make the plan, then (2) carry out the plan.

Explanation:

The cycle of the planning/ control comprises of following steps

1. Make the plan

2. After that carry out the plan

3. Now the control is there by comparing

4. And finally, the control could be taken by taking corrective actions

According to the given situation,  the correct option is a

And, the rest of the options are wrong

8 0
2 years ago
Why does a stock dividend require a formal journal entry in the financial accounting records when a stock split does not?
adelina 88 [10]
<span>A stock split will not change the general ledger account balances and ... equity remains the same, astock dividend requires a journal entry to transfer an amount ...</span><span>
</span>
4 0
3 years ago
A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods ma
monitta

Answer:

C. $31,100

Explanation:

The computation of the cost of goods sold is presented below:

= Beginning finished goods inventory + Cost of goods manufactured - ending finished goods inventory

= $14,600 + $35,200 - $18,700

= $31,100

We simply added the cost of goods manufactured and deduct the ending finished goods inventory to the beginning finished goods inventory so that the cost of goods sold could come

3 0
3 years ago
Competitive price-taker markets and purely competitive markets are:
vova2212 [387]

Answer:

While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.

Explanation:

3 0
3 years ago
How does comparative biochemistry provide evidence for evolution?
Tcecarenko [31]
So Biochemists go and compare the life and cells and dna of different creatures. doing this they developed the explination of ansestors or common ancestors. for humans for an example, we have the common ancestor that the apes have but we didnt evolve from apes. 
7 0
3 years ago
Other questions:
  • Bonita Industries had the following information at December 31: Finished goods inventory, January 1 $120000 Finished goods inven
    12·1 answer
  • Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
    6·1 answer
  • If you are holding a premium bond, you must expect a ________ each year until maturity. If you are holding a discount bond, you
    10·1 answer
  • In a business combination in which an acquiring company purchases 100% of the outstanding common stock of another company, if th
    8·1 answer
  • Skysong, Inc. took a physical inventory on December 31 and determined that goods costing $235,000 were on hand. Not included in
    13·1 answer
  • The following situations suggest a strength or a weakness in internal control. Identify each as a strength or weakness​, and giv
    11·1 answer
  • 4. Why do people sometimes use credit to pay for items instead of just using cash?
    11·1 answer
  • Which of the following statements about prices and inflation is not​ correct? A. Inflation represents a general rise in prices o
    11·2 answers
  • Given the following, calculate total manufacturing costs: Direct materials: $40,000; Direct labor: $100,000; Manufacturing overh
    11·1 answer
  • In completing form fda 1572, statement of investigator, the investigator agrees to:.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!