Going out to buy things that she doesn't need in life<span />
Answer:
Ans. c) The annual percentage rate of the loan is approximately 913%
Explanation:
Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.
That is:
So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.
That is 913% per year.
Best of luck.
Answer:
a. less risky strategies first.
Explanation:
When find enter into foreign markets their knowledge and experience in the market space is limited. They will most likely implement less risky strategies of doing business bearlier on.
As they get to understand the market dynamics of the foreign country they are more confident in doing more risky transactions.
For example they can start with local production and exporting to the foreign country first. Then later open up operations in the foreign country.
Answer:
$27,500
Explanation:
The computation of the partnership loss borne by the Nelson is shown below:
= (Contributed amount by Nelson) ÷ (Firm contribution amount) × (loss incurred)
= ($50,000) ÷ ($200,000) × ($110,000)
= 0.25 × $110,000
= $27,500
The firm contribution amount would be calculated below:
= Wilson contributed amount + Pickett contributed amount + Nelson contributed amount
= $100,000 + $50,000 + $50,000
= $200,000
