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REY [17]
2 years ago
12

What annual rate of return is implied on a $2,500 loan taken next year when $5,375 must be repaid in year 6? (Do not round inter

mediate calculations. Round your answer to 2 decimal places.)

Business
1 answer:
Zarrin [17]2 years ago
4 0

Answer:

16.54%

Explanation:

We have to applied the rate formula that is shown in the attachment.

The NPER shows the time period.  

Given that,  

Present value = $2,500

Future value or Face value = $5,375

PMT = $0

NPER = 6 years - 1 years = 5 years

The formula is shown below:  

= Rate(NPER,PMT,-PV,FV,type)  

The present value come in negative  

So, after solving this,  the annual rate of return is implied is 16.54%

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Answer:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Explanation:

Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Calculated as :

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=$8,370

Note that from 1st April to 31st December will give us 9 months.

7 0
3 years ago
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e
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Answer:

C) Bottom-up approach

Explanation:

The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.

In this case Hill, organizes an internal contest in order to get new business ideas.

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3 years ago
Unemployment and Labor Force Participation: Work It Out 1 of 3 Suppose the island nation of Freelandia is composed entirely of t
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Answer:

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Explanation:

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In Freelandia, labor force participation will be composed of the employed and the unemployed people.  As per the definition of the labor force, children will not be included as they are not adults. Students and retired people are not seeking employment; hence should not be in the labor force. Therefore, the labor force will be 190 plus  10, which is 200.

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Betty Brown is currently developing a mission statement for her boutique. In what stage of growth is Betty's business?
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Answer:

Rise

Explanation:

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When forms make technological advancements, they are able to make processes cheaper. So there is more money saved that can be used to increase production.

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