1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ElenaW [278]
3 years ago
10

David needed money for some unexpected expenses, so he borrowed $3,695.17 from a friend and agreed to repay the loan in five equ

al installments of $950 at the end of each year. The agreement is offering an implied interest rate of .A) 14.85%
B) 9.57%

C) 11.00%

D) 12.98%
Business
2 answers:
Salsk061 [2.6K]3 years ago
5 0

Answer:

5.71% annually and 28.55% for the five years

Explanation:

The total repayment is 950*5 =4750

This shows the total interest as 4750-3695.17=1054.83

the implies 28.55 % of the principal amount

Nataly_w [17]3 years ago
3 0

Answer:

11% is the implied interest.

Explanation:

You might be interested in
Consider the following comments about absorption- and variable-costing income statements:
GrogVix [38]

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

7 0
3 years ago
Money is to an economy what language is to communication. What does this statement mean?
Tasya [4]

Answer:

What does economy of language mean?

Explanation:

The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, and the costs and benefits of language planning options, preservation of minority languages, etc. Language can be an expression of symbolic power.

8 0
3 years ago
Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and proje
solniwko [45]

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

5 0
3 years ago
Which of the following statements is NOT CORRECT? a. An important step in applying the corporate valuation model is forecasting
KIM [24]

Answer:

E. The corporate valuation model discounts free cash flows by the required return on equity.

4 0
3 years ago
Judy works at the headquarters of an online shoe store. She is a member of the advertising team, which is a team within the mark
Alik [6]

Answer:

a.A staff department

Explanation:

  • As the delegation is an assignment of the authority to carry out the specific activities. It is one of the core management concepts however the person remains accountable for the decision making and assignment of duty and the task.
  • Its an important factor that defines the success of the delegation is depended on the Individuals must be prepared for the delegation. The delegation can save time, money and motivate people.
6 0
3 years ago
Other questions:
  • The fourth step of the marketing research approach is to __________.
    7·1 answer
  • For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
    9·1 answer
  • What does 3 dots inside a silver ring mean??
    10·1 answer
  • Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):
    11·2 answers
  • Rudy and his publisher require Katherine's expertise in writing a chapter of a book that will be published under Rudy's name. Th
    6·1 answer
  • Technical Performance Measures should be selected for those parameters that: [Use Technical Performance Measures to track progre
    8·1 answer
  • Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
    12·1 answer
  • Why might a company invest in another​ company? A. To ensure a steady supply of raw materials if the company being purchased is
    9·1 answer
  • How to eat a burger at bobs grill respectfully
    5·2 answers
  • You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!