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NARA [144]
3 years ago
14

A person borrows $370 from a payday loan company, paying $26 interest for two weeks. This would result in an annual interest rat

e of approximately ___ percent. Ignore interest rate compounding.
Business
1 answer:
xeze [42]3 years ago
8 0

Answer:

Rate= 168.65%

Explanation:

When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.

The following formula is used to calculate interest rate

Interest = principal* rate* time

We are asked to calculate annual percentage

Rate = interest/(principal * time)

Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.

Total interest per year= 24* 26= $624

Using the formula

Rate= 624/(370*1)

Rate = 1.6865

Rate= 168.65%

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Suppose two economists are debating tax reform bill. Both economists agree that the bill would increase the after-tax income of
Margarita [4]

Answer:

The correct answer is letter "C": Different choices about the right simplifications to use in economic analysis.

Explanation:

Economic Analysis refers to the study of economic situations within a region using different tools for that purpose that will let determine what the possible solutions and consequences of taking decisions of those situations could be. That is why in the case the two economists after analyzing the effects of the tax reform bill decided not to implement it.

5 0
3 years ago
LO 3.3When sales price decreases and all other variables are held constant, the break-even point will ________.
miss Akunina [59]

Answer:

increase

Explanation:

Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even  formula is below;

Break-even = Fixed cost / (Sale price - Variable cost)

If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.

3 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
3 years ago
Starbucks is owns and operates most of its retail outlets; mcdonalds franchises most of its retail outlets. an advantage of fran
Sergeeva-Olga [200]
Go to hw is hard .com
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3 years ago
Common stock​ value: Constant growth The common stock of Barr Labs​ Inc., trades for ​$120 per share. Investors expect the compa
BlackZzzverrR [31]

Answer:

Dividend growth rate anticipated = 14.66%

Explanation:

Using dividend growth model we have

P{_0} = \frac{D{_1}}{K{_e} - g}

Where P{_0} = Current market price = $120

D{_1} = Dividend to be paid at year end or next year = $1.37

K{_e} = Expected return on equity = 15.8%

g = Expected growth rate

Now putting values we have

$120 = \frac{1.37}{0.158 - g}

0.158 - g = \frac{1.37}{120} = 0.0114

0.158 - 0.0114 = g

0.1466 = g = 14.66%

5 0
3 years ago
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