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qwelly [4]
3 years ago
9

A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent

Business
1 answer:
Helga [31]3 years ago
6 0
A. 400%

The average loan term is about two weeks. Loans typically cost 400%annual interest (APR) or more.
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Ramirez Company sells a product for $80 per unit. The variable cost is $60 per unit, and fixed costs are $4,850,000. Determine (
pogonyaev

Answer:

(a) 242,500 units

(b) 267,500 units

Explanation:

(a) Break-even point in sales units:

= Fixed costs ÷ (Selling price per unit - Variable cost per unit)

= $4,850,000 ÷ ($80 - $60)

= 242,500 units

(b) Break even point in sales units if the company desires a target profit of $500,000:

= (Fixed cost + Target profit) ÷ (Selling price per unit - Variable cost per unit)

= ($4,850,000 + $500,000) ÷ ($80 - $60)

= $5,350,000 ÷ $20

= 267,500 units

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4 years ago
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Answer:

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3 years ago
Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million
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Answer:

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3 years ago
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Answer:

A

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