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Bingel [31]
3 years ago
10

you borrowed $4 from your roomate to buy backup calculator batteries on the way to the exam. the next day, you repaid the $4 plu

s an addition 1 cent in interest to your roomate. Express this interest that you paid your roommate in EAR
Business
1 answer:
LiRa [457]3 years ago
3 0

Answer:

0.2840 or 28.40%

Explanation:

The formula for EAR= (1 + i/n)^n - 1

Where i= stated interest rate

n= number of compounding periods

In this case since the interest he paid is 1 cent, to convert it into percentage, we divide it by the dollar and multiply by 100

Note: 100 cent = 1 dollar

Therefore 4 dollars= 400 cents

To get the Interest rates= 1/400 x 100

= 0.25

n= 365 since we are computing daily

(1 + 0.25/365)^365 - 1

(1 + 0.000685)^365 - 1

(1.000685)^365 - 1

1.2840 - 1

0.2840 or 28.40%.

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Answer:

limiting the personal liability of its directors toward the company's creditors,

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3 years ago
Brent received a report from the production and purchasing departments with the following values for August: Actual materials qu
OLga [1]

Answer:

Material quantity variance

= (Standard quantity -  Actual quantity) x Standard price

After the adjustment for missing order

Material quantity variance

= (1.25 x 5,000 - 6,200) x $1.50

=  $ 75( F)

The correct answer is A

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. Standard quantity is standard quantity per unit multiplied by units made. Since the units made are now 5,000 units. Standard quantity will be 1.25 multiplied by 5,000 units.

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4 years ago
In 2007, Salesforce recognized an emerging market for platform as a service (PaaS) offerings and developed a new competency in d
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A company developing new core competencies to create and compete in future markets.

Explanation:

Salesforce provides services that allow companies to use cloud technology to connect with their customers, associates and partners, by automating business processes and providing powerful APIs.

5 0
4 years ago
16. Probett's Auto Body Repair Shop had revenues that averaged $90,000 per week in April and $80,000 per week in May. During bot
Advocard [28]

Answer:

productivity of labor increased by 16.24% in May respect to April

Which means the company was experimenting diminished return in their labor facot as reducing their quantity increase the marginal revenue generated

Explanation:

April productivity:

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labor used: 40 x 6 + 25 x 4 = 340

productivity of labor:

90,000 / 340 = 264,70 each hour of labor generate 264.70 dollar of revenue

May productivity:

revenue 80,000

labor used: 40 x 6  +  2 x 10 = 260

productivity:

80,000 / 260 = 307,6923 = 307.69

each hour of labor gneerated $307.69 dollar of revenue

<em><u /></em>

<em><u>percentage change</u></em>

307.69/264.70 - 1 = 0,16241

3 0
3 years ago
Elaine serves as a consultant about human resource matters to various areas of the business at her company. She works closely wi
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Answer:

The correct answer is letter "B": human resource manager.

Explanation:

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3 years ago
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