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docker41 [41]
3 years ago
9

A local finance company quotes an interest rate of 18.7 percent on one-year loans. So, if you borrow $42,000, the interest for t

he year will be $7,854. Because you must repay a total of $49,854 in one year, the finance company requires you to pay $49,854/12, or $4,154.50 per month over the next 12 months. a. What rate would legally have to be quoted

Business
1 answer:
Ray Of Light [21]3 years ago
5 0

Answer:

32.88%

Explanation:

For computing the rate we need to apply the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $42,000

Future value or Face value = $0

PMT = $4,154.50

NPER = 12 months

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying this above formula, the rate is

= 2.74% × 12 months

= 32.88%

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price level to Suppose the central bank in the nation of Zook attempts to pay off its national debt by printing large amounts of
katen-ka-za [31]

Answer:

87.50%

Explanation:

The calculation of value of Zook's currency will decrease in percentage is shown below:-

For computing the Percentage decrease first we need to find out the value of money which is shown below:-

Value of money = 1 ÷ Price level

= 1 ÷ 8.00

= 0.125

Percentage decrease = (Value of money - 1) ÷ 1 × 100%

= (0.125 - 1) ÷ 1 × 100%

= -0.875 ÷ 1 × 100%

= 87.50%

5 0
2 years ago
Corporate strategy helps managers understand which strategy question?.
Harman [31]

The question that corporate strategy helps managers understand is where should firm compete?

<h3>What is corporate strategy?</h3>

It should be noted that corporate strategy simply means a unique plan that helps a firm gain competitive advantage over others.

In this case, the question that corporate strategy helps managers understand is where should firm compete? This is important for the growth of the firm.

Learn more about strategies on:

brainly.com/question/24553900

4 0
2 years ago
There are numerous disciplines in the area of applied science and technology. These areas contain endless opportunities for tech
Ivenika [448]

Explanation:

A technical leader is one who has the know-how of a special task, often linked to operational and science and technology areas.

This type of leader is one who has expertise in a given subject due to his experience in the field and knowledge generated throughout his career. His main duties are to coordinate the work of the teams, supervising the work and adding value to the work due to his experience, he must be the main motivator of his team, increasing productivity and increasing innovation. It is also essential that the leader has communication skills, provides feedback and is always ready to assist his team and make work more effective.

8 0
3 years ago
Lower-of-Cost-or-Market Inventory On the basis of the following data, determine the value of the inventory at the lower of cost
ANTONII [103]

In class 2 ., The Model D is the Top/ favorite one having highest market return (24%) with lowest inventory cost ($79)

Explanation:

To Determine the value of the inventory at the lower of cost or market applied to each item in the inventory. simply we should calculate the profit margin for each category

Profit margin =  (market value - cost price) = Profit ÷ cost price × 100

Class 1:

Model A

46 $116 $139  

Profit margin = (139 - 116) = 23  ÷ 116 × 100 = 19.32%

Model B

49 243 239

Profit margin =  (239 - 243)= -4 ÷ 243 × 100 = - 1.65% (loss)

Model C

43 233 252

Profit margin =   (252 - 233) = 19 ÷ 233 × 100 =  8.15%

Class 2:

Model D

37 79 98

Profit margin =  (98 - 79) = 19 ÷ 79 × 100 =  24%

Model E

6 151 130

Profit margin =  (130 - 151) = - 21 ÷ 79 × 100 = -13.91 % (loss)

Result

In class 1

Model A is preferable., It has the lowest inventory value and has highest market value (Returns) at 19.82%

In class 2

Model D is preferable., It has the lowest inventory value and has highest market value (Returns) at 24%

Overall the Model D is the Top/ favorite one having highest market return with lowest inventory cost

3 0
3 years ago
Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than la
Andrews [41]

Answer:

Despite the increase in price, quantity demanded rose due to some other factors changing.

Explanation:

Considering the rise in tuition, a consequential effect could have been a drop in the number of students being enrolled at the institution, since the change may not be affordable for all or the criteria for the increase may not be pleasing to majority of the intending students.

In this case however, the change had no negative effect on the number of students being enrolled and there was a consequential increase in the number of students being enrolled this year. This is indicative of a substantial change which must have occurred together with the increase in tuition such as an increase in standard due to provision of better teaching and learning facilities, student hostels which will make the students more comfortable and ensure they get their money's worth at the institution.

These factors, make being enrolled at the school valuable to the students despite the increase in fees.

7 0
3 years ago
Read 2 more answers
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