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3 years ago

The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate

Business

1 answer:

Mumz [18]3 years ago

5 0

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

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If a 25 percent decrease in the price of sapphires causes a 15 percent decrease in the quantity of diamonds demanded, then the c

natta225 [31]

To solve for the cross-price elasticity of demand:
Take the quantity of the diamonds demanded and divide it by the decrease in the price of sapphires.
Cross-price elasticity of demand = 15/25
Cross-price elasticity of demand = 0.6

When you are solving for the cross-price elasticity of demand, you are seeing the response to the demand of a item when price changes for another good.

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4 years ago

When mik has an absolute advantage in the production of two goods over tommy, mik?

Vesna [10]

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
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3 years ago

An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room

m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

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3 years ago

Simone is plagued by junk email that offers her products she does not want, promotes business opportunities that are irrelevant

Hunter-Best [27]

The answer is Anti-Spam Program. The anti-spam denotes to services and explanations that focus on hindering and justifying the effects of illegal electronic mail or spam on electronic mail users. To attain this objective, diverse kinds of anti-spam systems have been combined with the email schemes of many electronic mail and internet service providers. In addition, current anti-spam technology shelters a broad range of filters, scanners and other kinds of applications. To sort electronic mail in sophisticated techniques, anti-spam service sources may screen email signatures, IP addresses or other data which lessens spam.

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4 years ago

Diaz Company owns a milling machine that cost $126,600 and has accumulated depreciation of $92,600. Prepare the entry to record

Vlada [557]

Answer:

The Journal entries are as follows:

(i)

Accumulated Depreciation - Machine Equipment A/c Dr. $92,600

Loss on Disposal A/c Dr. $34,000

To Machine Equipment $126,600

(To record the disposal)

(ii)

Cash A/c Dr. $17,500

Accumulated Depreciation - Machine Equipment A/c Dr. $92,600

Loss on sale/disposal A/c Dr. $16,500

To Machine Equipment $126,600

(To record the sale)

(iii)

Cash A/c Dr. $34,000

Accumulated Depreciation - Machine Equipment A/c Dr. $92,600

To Machine Equipment $126,600

(To record the sale)

(iv)

Cash A/c Dr. $40,900

Accumulated Depreciation - Machine Equipment A/c Dr. $92,600

To Gain on sale/disposal A/c $6,900

To Machine Equipment $126,600

(To record the sale)

4 0

4 years ago