Compared to attending a technical school, completing a four-year college degree allows you to

Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan

yKpoI14uk [10]

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.

$r=\frac{FinalValue}{InitialValue} -1$

That is:

$r=\frac{90}{75} -1=0.20$

So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

$r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}$

That is 913% per year.

Best of luck.

6 0

3 years ago

Read 2 more answers

Gere Furniture forecasts a free cash flow of $40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rat

LenKa [72]

Answer:

Option (A) is correct

Explanation:

Given that,

Free cash flow in Year 3, FCF3 = $40 million

FCF to grow at a constant rate, g = 5%

Weighted average cost of capital, WACC = 10%

Cost of equity = 15%

Therefore,

Horizon Value at year, t = 3:

$=\frac{FCF4}{(WACC-g)}$

$=\frac{FCF3(1+g)}{(WACC-g)}$

$=\frac{40(1+0.05)}{(0.10-0.05)}$

$=\frac{42}{0.05}$

= $ 840

4 0

3 years ago

Activities A, B, and C are part of the same project. Activity A is worth $200, is 100% complete, and actually cost $200. Activit

kobusy [5.1K]

Answer:

Cost Variance (CV) for the project is negative $77.5

Explanation:

The total amount budget for all 3 activities = Activity A worth $200 + Activity B worth $75 + Activity C worth $200 = $475

The total value completed = activities cost x % complete = $200*100% + $75*90% + $200*75% = $417.5

The actual cost till now = $200 + $120 + $175 = $495

The cost variance = The total value completed - The actual cost till now = $417.5 - $495 = ($77.5)

6 0

3 years ago

The big issue in the Palsgraf case was:_________

liubo4ka [24]

Answer: d) whether LIRR is liable under negligence to Mrs. Palsgraf.

Explanation:

Palsgraf v. Long Island Railroad Co. was a very famous case in American tort law from 1928 which deals with the issue of being liable to an unforeseen Plaintiff.

In the case, Helen Palsgraf and her daughter were at the Long Island Railroad Co. (LIRR) station platform waiting to board a train to go to the beach when two men were being assisted to enter the train by Employees of LIRR. Whilst this was happening one of the men dropped a product that detonated. This hit her and she began to stammer. She sued the railroad and won in two courts until she got to the New York Court of Appeals where she lost the case as the Judge did not believe the Issue was right.

The Issue was whether LIRR owed her a duty of care even if they could not have known that she could be harmed from helping the men.

6 0

3 years ago

Westenhover City is a municipality that has governmental activities, business-type activities, a discrete component unit, and a

Ann [662]

Answer:

The answer is letter C.

Explanation:

Revenues of the blended component unit.

4 0

3 years ago