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Misha Larkins [42]
3 years ago
6

-Ricky Ripov’s Pawn Shop charges an interest rate of 15.25 percent per month on loans to its customers. Like all lenders, Ricky

must report an APR to consumers.
What rate should the shop report? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Annual percentage rate %

What is the effective annual rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate %
Business
1 answer:
yuradex [85]3 years ago
6 0

Answer:

183.00%

449.15%

Explanation:

The computation of annual percentage rate and the effective annual rate  shown below:

Annual percentage rate is

= Interest rate per month × Total Number of months  in a year

= 15.25% × 12  months

= 183.00%

The effective annual rate is

= (1 + nominal interest rate ÷ periods)^ number of period - 1

= (1 + 15.25% ÷ 12)^12 - 1

= 449.15%

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True or False The best sales organizations: Integrate sales with other business functions. Focus on key strategic issues. Create
PSYCHO15rus [73]

Answer:

The statement is: True.

Explanation:

Sales entities with <em>optimal employee practices</em> are not only in charge of <em>recruiting qualified personnel</em> that could help them reach their profit objectives. Those firms are characterized by<em> involving the sales representatives in activities at all levels of the marketing department.  </em>

From the first day the new hires for the sales department start operations, they are <em>informed about the corporate culture</em> of the company which is likely to be related to customer satisfaction. Also, best sales organizations worry about the <em>salesclerks' skills development</em> by providing them training. All those factors increase <em>workers' commitment </em>to the firm wanting them to keep their job position for long periods.

8 0
3 years ago
Briefly discuss at least five benefits of taking a research methods course early in the graduate program.
Nat2105 [25]

Five benefits of taking a research methods course early in the graduate program are:

The investigation is an integral part of understanding the world's creations. The goal is to make comparative judgments about how things really are. It may be difficult at first, but you cannot ignore the need for research in any profession, even as a graduate student. Research Methods courses help students explore their career paths. This means that students gain insight into the realm they are venturing into.

By comparison, taking a research methods course at the beginning of a graduate program helps them build transferable skills and improve their resume.

Learn more about the graduate program at

brainly.com/question/22290923

#SPJ4

6 0
1 year ago
When president obama was elected, the u.S. Economy had slid into a recession. Consumer spending was low and getting worse. In an
Lesechka [4]

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of <em>Keynesian Economic theory</em>.

8 0
3 years ago
​allison's auto art is a company that applies pinstripes to vehicles.​ allison's cost for a basic 1minus−color pinstriping job i
Lunna [17]
In economics, marginal cost is the additional expenditure or cost you incur when you buy another more quantity of the product. When Allison bought the <span>1minus−color application, she spent a total of $130.

$35 + $95 = $130

When she upgraded to 3minus-color application, her cost now increased to 

$175 + $40 = $215

Now, as mentioned, marginal cost is the additional cost incurred when buying one more quantity of the same product. Therefore, marginal cost = </span>Δcost/Δquantity. Thus,

Marginal Cost = ($215-$130)/(3-1)
Marginal Cost = $42.5

The marginal cost is $42.5 per color application.
6 0
3 years ago
Bonds Payable has a balance of $928,000 and Discount on Bonds Payable has a balance of $11,136. If the issuing corporation redee
Setler [38]

Answer:

c.$7,424 gain

Explanation:

Book value of bonds payable:    

Par value of bonds payable                      $928,000  

Less: Discount on bonds payable              $11,136  

Book value of bondds payable               $916864  

Redemption value of bonds ($928,000*98%)   $909440  

Gain on Redemption of bonds                 $7424

Therefore, The amount of gain or loss on redemption is $7424.

5 0
3 years ago
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