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Aleksandr-060686 [28]
3 years ago
7

Grace got a loan of $500 from her bank, and she had to repay it with $550. Which term describes the extra money Grace had to pay

?
Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

The term that describes or states the extra amount of money is the Interest.

Explanation:

As Grace took a loan which amounts to $500 from the bank and bank provides the loan to the customer but they charge interest on the loan amount. So, in this case, the Grace took $500 from bank and in turn will pay the bank amount of $550. Therefore, the $50 amount is the interest which the bank charged from Grace for the period it has money with him.

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When most cars sold in the United States were produced by the Big Three auto companies, General Motors would announce its prices
photoshop1234 [79]

Answer: Price leadership    

Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.

In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.

5 0
3 years ago
Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345. 40. What is Andrew’s net federal inc
ASHA 777 [7]

Based on the information given Andrew’s net federal income tax rate is c. 11.8%.

Using this formula

Net federal income tax rate=Federal income taxes / Taxable income

Where:

Federal income taxes= $5,345.40

Taxable income=$45,300

Let plug in the formula

Net federal income tax rate=$5,345.40/$45,300

Net federal income tax rate=0.118×100

Net federal income tax rate=11.8%

Inconclusion Andrew’s net federal income tax rate is c. 11.8%.

Learn more here:brainly.com/question/11886585

8 0
3 years ago
The Rockies Division operates as a profit center. It reports the following for the year. Budgeted Actual Sales $1,969,700 $1,829
Eduardwww [97]

Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research.

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
A tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be v
Snowcat [4.5K]

Answer:

Option D is correct.

Third-degree price discrimination

Explanation:

tennis coach charges $15 per hour for tennis lesson for children and $30 per hour for tennis lessons for adults. This can be viewed as a practice of <u>Third-degree price discrimination.</u>

Third Degree Price Discrimination involves charging a different price to different groups of consumers for the same good. These groups of consumers can be identified by particular characteristics such as age, sex, location, time of use.

5 0
3 years ago
Read 2 more answers
Splash Co. identifies the following activities that pertain to manufacturing overhead for its production of water polo balls, fo
Sphinxa [80]

Answer and Explanation:

The cost driver refers to the change in the activity units level with respect to the change in activity cost

There are various activities held and according to that the cost driver is also there so that it could be allocated

Just like

Activities                      Cost driver

1) Materials handling - Number of Requisitions

2) Machine setups - Number of Setups

3) Factory machine maintenance - Machine Hours Used

4) Factory supervision - Number of Employees

5) Quality control - Number of Inspections

Material handling should be based on allocating in the number of requisitions

And the same is applied for other activities

8 0
3 years ago
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