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
JulsSmile [24]
3 years ago
11

. Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $225 in two w

eeks. What is the compound annual rate implied by this 12.5 percent rate charged for only two weeks
Business
1 answer:
Natasha_Volkova [10]3 years ago
4 0

Answer:

2239%

Explanation:

The compound annual can be determined by converting this 12.5% in two weeks to an effective annual rate  as below:

Effective annual rate=(1+12.5%/2)^52-1

By dividing by 2 we are reducing 12.5% to a weekly rate

By raising to the power of 52, we are expressing the weekly rate in annual terms.

Effective annual rate=(1+12.5%/2)^52-1=(1.0625 )^52-1

Effective annual rate=23.39401767 -1=2239%

You might be interested in
During 2019, $27,000 of cash dividends were declared and paid. A patent valued at $80,000 was obtained in exchange for land. Equ
nadezda [96]

Answer:

a. Change in Cash that occurred during 2019:

Cash outflow $27,000

Cash inflow = $13,000

Net outflow = $14,000

b. Statement of Cash Flows for the year ended December 31, 2019:

Investing activities:

Sale of Equipment         $13,000

Financing activities:

Payment of dividends ($27,000)

Net cash outflow =        $14,000

Explanation:

a) Data and Calculations:

Cash dividends paid during 2019 = $27,000

Patent purchased = $80,000

Land sold in exchange of patent = $80,000

Sale of equipment = $13,000

Sales of Bonds Payable = Cost of Building Improvements

7 0
3 years ago
Given the organization of the primary somatosensory cortex, why does a slap in the face hurt more than a slap on the back
Yuliya22 [10]
Delicate zones of the body consume up more room in the cortex: The more touchy a body part is, the more cortex space it has. The cortex has more space gave to the face than to the back: A great deal of room in the cortex is given to the face and none to the back.
7 0
3 years ago
Read 2 more answers
In counteracting a negative supply shock, the fed could achieve ______ by using ______ monetary policy.
julsineya [31]

In counteracting a negative supply shock, the fed could achieve price stability by using expansionary monetary policy. Price stability is the point at which prices are stable in the economy. Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. They are able to increase monetary supply, lower interest rates and increase the demand.

7 0
4 years ago
Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share.
Umnica [9.8K]

The Par value per share after the split will be 2,500 shares.

<h3><u>What is a Share?</u></h3>
  • Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
  • A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise.
  • Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares.
  • As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.

A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought.

Know more about Shares with the help of the given link:

brainly.com/question/13931207

#SPJ4

3 0
2 years ago
What is another activity Andy may perform within this function? D Making a decision to open an additional restaurant with a wood
Cloud [144]
  • Owner, Andy Pforzheimer, talks about technical skills to his employees. In the meeting, they are looking at the chef's food costs. Andy is performing the controlling function of management.
  • The Correct Option is - To check monthly sales figures and compare them to the restaurant's goals.
  • The Correct Option is - Contingency perspective. According to the contingency approach, which is a school of management thought, the most effective method of leadership changes from scenario to situation, and dogmatic adherence to any one method is counterproductive.

This is further explained below.

<h3>What is Communication?</h3>

Generally, "Apparent response to the unpleasant barriers between self and other, private and public, inner thinking and the outward world is communication," writes the author.

In conclusion, Andy Pforzheimer, the owner, addresses his staff on the need for technical proficiency. The meeting participants are analyzing the chef's food budget. As a manager, Andy is exercising control.

The best answer is to examine sales data monthly and evaluate it against targets set by the restaurant.

Correct Response: an emphasis on potential outcomes. The most successful leadership style, according to the contingency approach (a school of management philosophy), varies from context to scenario, and blind adherence to any one style is detrimental.

Read more about Communication

brainly.com/question/18100115

#SPJ1

The Complete Question is attached below

6 0
2 years ago
Other questions:
  • Walt has a $300,000 listing at 8% commission. An agent from another firm sold the listing. Walt has a 70% commission split with
    15·1 answer
  • A family resources are unlimited? <br> True or false
    14·2 answers
  • The implementation of strategies in an organization should happen largely through tactical planning. This means that _____ in ea
    7·1 answer
  • Bill is a financial manager at Carlyle Bank and Trust who always strives to treat each subordinate with respect and fairness. Bi
    15·1 answer
  • The price (P) of designer jeans is affected by the supply (S) and the demand (D).
    11·1 answer
  • If a monopolist produces 100 units of output at a market price of $5 per unit with marginal revenue per unit equaling $4, we wou
    12·1 answer
  • NEED HELP ASAP, WILL GIVE BRAINLIEST
    12·2 answers
  • In the current year, Azure Company has $350,000 of net operating income before deducting any compensation or other payment to it
    9·1 answer
  • Graham has accepted an offer to do graduate work in the chemistry department at State University. The chemistry department offer
    15·1 answer
  • You have three electricians. Electrician #1 works 20 hours and installs 30 lights. Electrician #2 works 30 hours and installs 35
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!