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ehidna [41]
3 years ago
5

Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b

ook is $85 and the discounted price is $55 , what is the percentage change in the book price? Round your answer to two places after the decimal.
Business
1 answer:
pishuonlain [190]3 years ago
5 0

Answer:

35.29%

Explanation:

Data provided in the question:

Market price of the used book = $85

Discounted price = $55

Now,

The percentage change in the book price will be calculated as:

=\frac{\textup{Market price - Discounted price}}{\textup{Market price}}\times100

on substituting the respective values, we get

=\frac{85-55}{85}\times100

= 35.29%

Hence,

the percentage change in the book price is 35.29%

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What should you do if you start having a hard time paying your mortgage? Select all that apply. Use your credit cards for everyt
Black_prince [1.1K]

Answer:

-Notify your mortgage servicer

-Contact a Homeownership Advisor

-Cut other expenses where you can

Explanation:

If you start having a hard time paying your mortgage, you should:

-Notify your mortgage servicer that is the company to which you make the payments of your loan and it can offer you an option that can help you with the payments like a deferral.

-Contact a Homeownership Advisor as this is a professional that provides financial advise before and after you purchase a house and can help you with options to fix the problem.

-Cut other expenses where you can because you may be having expenses that are not necessary and if you decrease them, you can be able to pay your mortgage.

The other options are not correct because using your credit cards is worst because you will be paying a loan with a different loan that will probably have a higher interest rate and wait a few months and see if things turn around can result in you missing payments which will affect your credit score and you may end up losing your home.

6 0
4 years ago
What is a wholesaler?
makkiz [27]

Answer:

C. An intermediary that makes goods convenient for businesses to

buy.

Explanation:

Wholesalers are businesses that buy finished products from manufacturers and sell them to retailers. They are members of the supply chain. Wholesalers buy goods in bulk, break the bulk, and sell them to retailers. In some instances, some wholesalers may sell directly to consumers.

Retailers are businesses that sell to end consumers. They are the primary customers to wholesalers. Therefore, wholesalers are intermediaries who sell to other businesses.

5 0
3 years ago
If a project has a positive net present value, its internal rate of return will exceed the firm's hurdle rate.True or false?
Anvisha [2.4K]

Answer:

True

Explanation:

When a project has a positive net present value(NPV), it means that its NPV is greater than 0 hence you accept it . The Internal rate of return (IRR) of that project would also be greater than the cost of capital (hurdle rate). If the cashflows are conventional, the net present value rule and IRR rule are usually in agreement when making a decision on potential projects.

8 0
3 years ago
When preparing financial statements in a job-order costing system, finished goods flow first to the.
Rom4ik [11]

Answer:

balance sheet

Explanation:

then to the income statement

quizlet

6 0
3 years ago
A managed portfolio has a standard deviation equal to 26% and a beta of .9 when the market portfolio's standard deviation is 22%
Neporo4naja [7]

Answer:

118%

Explanation:

Calculation for the M2 measure invested in the managed portfolio

Using this formula

M2 measure invested in the managed portfolio=Managed portfolio standard deviation standard deviation/Market portfolio's standard deviation

Let plug in the formula

M2 measure invested in the managed portfolio=26%/22%

M2 measure invested in the managed portfolio=118%

Therefore the adjusted portfolio P* needed to calculate the M2 measure will have 118% invested in the managed portfolio and the rest in T-bills

3 0
3 years ago
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