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3 years ago

Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38

1 answer:

8 0

To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38.

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Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic,

PilotLPTM [1.2K]

Answer:

not rescind the contract

Explanation:

According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.

Therefore, the right answer is she cannot rescind the contract.

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3 years ago

Dan, a computer programmer, holds a garage sale to sell a lawnmower, some clothes, some CDs and some old clothes. Will, a lawyer

olga2289 [7]

Answer:

The correct answer is letter "D": Judy, an expert horse trainer, sells Bob a horse.

Explanation:

According to the Uniform Commercial Code (UCC) a merchant is a person who deals with a product or service of a business in which that person is regularly engaged. The merchant has knowledge and expertise related to the practices involved in the business transaction.

In that sense, only Judy, who is a horse trainer, would be labeled as a merchant by the UCC for selling a horse.

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3 years ago

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

Mariulka [41]

Answer:

GOMEZ CORPORATION

Comparative Income Statements

For Years Ended December 31

Current Year Prior Year

$ % $ %

Sales $785,000 100 $640,000 100

Cost of goods sold 568,100 72.4 288,800 45.1

Gross profit 216,900 27.6 351,200 54.9

Operating expenses 130,400 16.6 221,600 34.6

Net income $86,500 11.0 $129,600 20.3

The figure used to calculate the percentages is that of sale revenue. Each figure is expressed as a percentage of sales to determine the percent of expenses , profits etc.

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3 years ago

Bleu Berri Farms had equity of $58,900 at the beginning of the year. During the year, the company earned net income of $8,200 an

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Answer:

Owner's equity at year end would be $61,100

Explanation:

$58,900(Beginning equity) + $8,200 (Net income increases owner's equity) - $2,500 (This is paid out of retained earnings/owner's equity) - $3,500 ( A repurchase of stocks reduced owner's equity as cash would have been given to the shareholder for their equity) = $61,100

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3 years ago

Bad White [126]

Answer:

Explanation:

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3 years ago

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