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3 years ago

Al's obtained a discount loan of $78,500 today that requires a repayment of $98,000, 3 years from today. What is the APR

Business

2 answers:

Andrei [34K]3 years ago

8 0

Answer:

R = 8.2803%

Rounded: 8%

Explanation:

Solving our equation:

r = (1/3)(98000/78500) - 1) = 0.08280255

r = 0.08280255

Converting r (decimal) to R a percentage

R = 0.08280255 * 100

= 8.2803%

Hope this helped! :D

kondor19780726 [428]3 years ago

6 0

R= 1/3 open bracket ( 98000/98500) -1)
R=0.8280255
0.8280255 x 100

=8.82803%

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Prior to entering the Eastern European markets, Procter & Gamble assessed the strengths and weaknesses of possible competito

Neporo4naja [7]

Answer

B. Analyzing the external environment

Explanation:

The action of Procter and gamble can be classified as analyzing the external environment.

The external environment of a business are those factors outside the business organisation that is capable of influencing the decision and actions. The external environment factors includes economic factors, competitors, social - cultural factors etc.

The action of Procter and gamble of assessing the strength and weakness of his competitors prior to its entrance into the Eastern European market will assist the firm to identify the opportunities that it can leverage on in terms of the weakness of its competitors and and how well it can best improve its own services in other to match or surpass the strength displayed by its competitors

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3 years ago

The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months follows

yKpoI14uk [10]

Answer: 25,200 pounds

Explanation:

Your question is incomplete as it lacked the first part. I attached a completion that I found.

The company has a policy that the ending inventory of foam each month must be equal to 30% of the following month's expected production needs.

This means that in August, the Opening inventory will be 30% of what was is needed in August and the Closing Inventory will be 30% of what is needed in September.

Remember that each cushion requires 2 pounds of foam as stuffing.

Pounds required in August

= 12,000 cushions * 2

= 24,000 pounds

Opening Stock

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Closing stock

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2 years ago

Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in

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Answer:

Nov 05

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Cr Accounts payable 9,000

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Dr Accounts payable 350

Cr Merchandise inventory 350

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Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

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Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

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Cr Merchandise inventory 346

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3 years ago

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kobusy [5.1K]

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2 years ago