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
Volgvan
3 years ago
11

Jane would like to borrow $850 for exactly one year, so that she can buy a brand-new lawn mower for the lawn-mowing business she

is starting. jane's local bank agrees to lend her the money only if she is willing to pay back the full amount plus an extra $30, for a total repayment amount of $880. What is the annual interest rate on jane's loan from her bank?
Business
2 answers:
SVEN [57.7K]3 years ago
7 0
3.53% your answer is
patriot [66]3 years ago
6 0

Answer:

The answer is: 3.53%

Explanation:

Jane is being charged simple interest. To calculate the interest rate we just use the following formula:

Interest rate = [(future value / present value) - 1 ] x 100% =

Interest rate = [($880 / $850) - 1] x 100% = (1.0353 - 1) x 100% = 0.0353 x 100%

Interest rate = 3.53%

You might be interested in
Olongapo Sports Corporation is the distributor in the Philippines of two premium golf balls-the Flight Dynamic and the Sure Shot
Goshia [24]

                                     = Fixed Expenses/Weighted Average CM Ratio

Break-even point         = P183,750 / (210,000/400,000)    

                                     = P350,000      

The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business. This means that we have reached a production stage where production costs are comparable to product sales.

The break-even point is used in several areas of economics and finance. In accounting terms, it refers to the level of production at which the total revenue from production equals the total cost of production. In investing, the break-even point is the point at which the original cost equals the market price.

Learn more about the break-even point at

brainly.com/question/9212451

#SPJ4

3 0
2 years ago
Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to pro
Elza [17]

Answer:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

Explanation:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

The current copier should be replaced. The incremental analysis shows that net income for the five-year period will be $3,000 higher by replacing the current copier.

6 0
4 years ago
During the past recession, Taylor Tool Company created a __________ organization, when it restructured and eliminated several mi
Studentka2010 [4]

Answer:

Flat organization

Explanation:

Flat organization is the organization or business which is structured with the few or no levels of the management among the staff level employees and the management.

Under this kind of the organization, supervision of the employees is less when promoting the involvement of the employees  in the process of decision making.

Under this scenario, the company established a flat organization as eliminate the middle management.

6 0
3 years ago
Homelife, a national chain of high-end furniture stores, employs nearly 800 workers. In the past few years, the company's market
meriva

The option that's least relevant to develop the reward strategy is C. What were the results of the most recent Homelife customer review ratings?

A reward strategy simply means the designing and implementation of reward policies that are vital in supporting the objectives of an organization.

In this case, it's important to know the compensation programs that should be used to reinforce necessary employee behaviors and how well Homelife's current compensation program matches the company's strategic aims.

It should be noted that the results of the most recent Homelife customer review ratings don't matter in the reward strategy.

Learn more about reward strategy on:

brainly.com/question/25284035

3 0
3 years ago
Which of the following causes the unemployment rate to understate the true extent of joblessness?A) Many fulltime workers really
zhannawk [14.2K]

Answer:

E) Discouraged workers are counted as unemployed

8 0
3 years ago
Other questions:
  • The relationship between interest rates with differing times to maturity is known as the ________ ________ of interest rates.
    11·1 answer
  • A particular restaurant experiences a decrease in business, and this leads to a budget deficit. to balance the budget, the manag
    6·1 answer
  • Mindy's, a fashion brand, has a significant cost benefit that facilitates success in international markets in which price plays
    8·1 answer
  • Stephanie owns land (adjusted basis of $90,000; fair ma阳value of $125,000) 』- that she uses in her business. She exchanges it fo
    9·1 answer
  • Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.
    5·1 answer
  • Many economists believe the strict definition of perfect competition does not exist in real world. Yet, this model is the point
    6·1 answer
  • A wealthy uncle sent a letter to his nephew. In it the uncle promised $10,000 if his nephew would refrain from drinking, using t
    15·1 answer
  • Skysong Corporation reported the following for 2020: net sales $1,236,500, cost of goods sold $732,900, selling and administrati
    11·1 answer
  • discuss whether or not the demand or changes in supply have a larger influence on the market for tomatoes ​
    12·1 answer
  • A design firm wants to hire a senior manager to oversee its architecture division. four applicants and their qualifications are
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!