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Artemon [7]
3 years ago
14

Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all

back at once on December 31, 2017. What was the APR?
Business
1 answer:
Elena-2011 [213]3 years ago
3 0

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

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Name the accounts debited and credited for each of the following transactions.
kumpel [21]

Answer:

Explanation:

In this the golden rules of accounting applies, debit the receiver, and credit the giver, debit all expenses and credit all incomes and gains.

1. The journal entry is

Accounts Receivable A/c Dr

   To Revenue

(Being work performed is recorded)

2. The journal entry is

Cash A/c Dr

   To Accounts Receivable

(Being cash received from customer is recorded)

3.The journal entry is

Office supplies A/c Dr

   To accounts payable

(Being office supplies purchased on credit )

4.The journal entry is

Gasoline A/c Dr

   To Cash

(Being  purchase of gasoline is recorded)

6 0
3 years ago
which of the following is an example of a transnational organization? 1.a group that influence the government concerning a speci
never [62]
An example of a transnational organization would be 2.) a group that promotes mediation or conflict resolution between nations. Transnational organizations are organizations that work in multiple nations on any range of issues from business, to economic development, to peace building, and any number of other areas. 
3 0
3 years ago
Catherine is preparing to release a new line of toys that’s currently available for pre-order only on the landing page. Why is C
zepelin [54]

Answer:

B) The ‘availability’ attribute is set as ‘in stock’

Explanation:

                 A data feed in computer terms means a mechanism that provides the users an ongoing data streams from the server.

                  It is a method of sending the correct update information to the client from the source.

                 Web feed is the most popular form of data feed that gives real time information to the clients.

                  Catherine's data feed is getting disapproved the 'availability' attribute in her web data feed is currently set as 'in stock'. So it is getting disapproved by the server.

Thus, the answer is B) The ‘availability’ attribute is set as ‘in stock’

4 0
3 years ago
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
Butoxors [25]

Answer:

Service Quality Gaps

Explanation:

Service Quality Gaps is one of the value gaps that can undermine customer experiences and can damage relationships.

This is because, customer satisfaction can be measured based on the service quality the customer receives, and if the customer is adequately satisfied, he would continue to patronise the company, but if he is not satisfied, it could damage relationships.

8 0
3 years ago
Purchase furniture to srija rs 30000​
lorasvet [3.4K]

Answer:

rs 30000

Explanation:

rs 30000 = $407.47

Hope this helped!

4 0
3 years ago
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