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geniusboy [140]
3 years ago
12

A man needed money to buy lawn equipment. He borrowed ​$700.00 for five months and paid ​$53.95 in interest. What was the rate o

f​ interest?
Business
1 answer:
Westkost [7]3 years ago
8 0

<u>Answer:</u> The rate of interest per year is 18.49 %.

<u>Explanation:</u>

To calculate the rate of interest, we use the equation:

\text{Interest paid}=\text{Amount borrowed}\times \text{Rate of interest}\times \text{Time}

where,

Interest paid = $ 53.95

Amount borrowed = $ 700

Rate of interest = ?

Time = 5 months = \frac{5}{12}    (Conversion factor: 1 yr = 12 months)

Putting values in above equation, we get:

\$53.95=\$700\times \text{Rate of interest}\times \frac{5}{12}\\\\\text{Rate of interest}=0.1849\times 100=18.49\%

Hence, the rate of interest per year is 18.49 %.

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masha68 [24]

Answer:

The correct answer is letter "A": Unexpected increases in the number of suppliers.

Explanation:

Frauds or money cleansing usually requires the help of a network of different business interconnected to clear the illegal funds with the excuse of having made commercial activities that never took place. In most cases, accounting documents are faked so that the proceeds of the questionable funds may seem as legal as possible.

In that case, if a company counts with more suppliers and fraud is taking place in the organization, <em>they will have the excuse of making more payments so more funds can go out of the company</em>.

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3 years ago
Help me and I will give you 30 Brainliest if your answer is correct.
kotegsom [21]

Answer:

She could work as a trash person, taking garbage out and destroying it. She could work as a chef, cooking food for hungry people. She could be a homeless shelter worker, and help people find homes.

Explanation:

Huma services cluser is things that you would do for humans outside. Things like trash people take out other's trash a dispose of it all. Making them a human services person!

Hope this helps! Plz mark as brailiest!

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3 years ago
Choose a topic related to a career that interests you and think about how you would research that topic on the Internet. Set a t
I am Lyosha [343]

Answer:

Explanation:

Topic chosen is - HR manager, this position interest me because it would help to improve my managerial skills, it will as well help me to know other people and how to handle and understand them.

For this position, i went online for 15 min. collected information on job site like linkedin , monster, indeed, glassdoor etc. to gather as much information as possible.

From Linkedin i get to know the avg salary of HR manager is about $100,600 per annum.

From Indeed i was able get recent information of a job position vacancy for HR evecutive position in Tech company.

I wsa able to gather that HR manager position is for experienced person at least 3 years of experience and required many skills like planning, analytical, communication, technical skills. etc.

Within 15 mins of my research i had clear mind about my interest in HR and i gather information as where to start my my career

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3 years ago
Companies that use job-order costing ______. Multiple choice question. make unique products use a series of standardized process
tamaranim1 [39]

Companies that use job-order costing make unique products.

<h3>What is job-order costing?</h3>

Job order costing can be defined as a costing method that is used to calculate the cost of each unique item  produce or the cost of producing each unique product that is different from the ones in the market.

Example companies can make use of job-order costing when they produce a unique bag or shoe for their customer.

Since this product they produce for this customer is unique, the manufacturer can tend to use job order costing to determine the price or selling price they will to charge the customer.

A company can use a job order cost method if it produce products with unique characteristics.

Inconclusion companies that use job-order costing make unique products.

Learn more about  job-order costing here: brainly.com/question/24516871

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3 years ago
According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their ______________, wh
Gekata [30.6K]

According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their <u>need structures</u>, which were influenced by the childhood environments that they experienced.

<u>Explanation</u>:

Anne Roe’s personality theory of career choice was well explained in her book <u>“Psychology of Occupations”</u>. There are certain factors that influence in deciding the career of a person. The factors are psychology, biology and sociology of a person.

Individuals decide their field of work based on their demands and needs. The childhood experience may also influence the occupation field of the person. Need structure provides the requirement of the person according to their lifestyle and requirements.

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3 years ago
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