Answer: 28.20%
Explanation:
To compute the annual interest rate implicit in the sales discount for thus:
Firstly, we have to calculate the difference that exist between the payment date and the due date and then divide by 365 days which has been given in the question. This will be:
= 60 days - 20 days = 40 days
= 365days/40days
= 9.125%
Secondly, we will then subtract the percentage discount from 100% and then divide the result. Since discount percentage is 3%, this will be:
= 3%/(100% - 3%)
= 3%/97%
= 0.03/0.97
= 0.0309278351
= 3.09%
Lastly, we then multiply the result of the calculations above together in order to get the annualized interest rate. This will be:
= 9.125% × 3.09%
= 28.19625%
= 28.20%
Annualized interest rate. =28.20%
Answer:
$0
Explanation:
As we know that the life insurance proceeds would be recieved by the beneficary on the insured person death is tax free
Since the amount of $12,000 would be received by May Green on her insured father so this amount would be tax free
Therefore the amount that subjected to income tax is $0
Answer:
b. Product line
Explanation:
Product line -
It refers to the combination of various products that are all placed under same name of brand , is referred to as the product line .
Companies use this strategy in order to gain more profit and publicity on the goods and services .
The method is adapted to increases the range of products that a company offers .
Hence , from then given scenario of the question ,
The correct answer is product line .
D)
Market equilibrium occurs when supply = demand
The Transcontinental Railroad affected companies that made products because c<span>ompanies could ship goods cheaply over long distances.</span>
