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Pani-rosa [81]
3 years ago
12

A payday loan company charges 6.00 percent interest for a two-week period. What is the annual interest rate? (Do not round inter

mediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Business
1 answer:
Mashcka [7]3 years ago
8 0

Answer:

The annual interest rate is 156  percent

Explanation:

If   6.00 percent interest for a two-week period then annual interest rate =

rate for a two-week period * (52 weeks/ 2 weeks)  = 0,06 * 26 = 1,56

1,56 * 100 =  156  percent for a year period

<u>Note</u>: One year have 52 weeks

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Marian Company reported the following items for the month of​ July: Sales revenue $ 473 comma 300 Cost of goods sold $ 300 comma
NARA [144]

Answer:

4.33.

Explanation:

Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].

⇒ 300,000 / [(64,400 + 74,200) / 2] = 300,000 / 69,300 = 4.33.

It means that Marian Company sold its inventory 4.33 times during the Year.

3 0
3 years ago
lisette’s laptop needs a unique battery, and a local computer parts company is the only place that sells it. given the demand fu
Allushta [10]

Answer:

-5000

Explanation:

3 0
2 years ago
at the end of 2018, river plate builders had two jobs still in process with a total balance of $132,200. what overhead rate is r
Ksju [112]

Answer: d. 80% of direct material cost

Explanation:

Overhead cost = Total costs - Direct material - Direct labor

= 132,200 - 25,000 - 32,000 - 12,500 - 17,100

= $45,600

Direct materials cost = 32,000 + 25,000

= $57,000

Percentage of Direct materials = Overhead/ Direct materials

= 45,600/57,000

= 80%

8 0
2 years ago
Critical analysis Q4 Suppose a group of British Investors finances the construction of a plant to manufacture bay boats in Houst
babunello [35]

Answer:

The correct answer is option (D) Profits earned in the domestic economy are counted as part of GDP under the resource cost-income approach.

Explanation:

Solution

Gross domestic product (GDP) refers to sum of all value of goods and services manufactured within the geographical border of the country.

Now the investment for plant in carried within the geographical borders of The United States so it will include in GDP as gross domestic capital formation.

Thus the construction of the plant will cause a  rise in U.S GDP.

Now this plant produce profit of $250000. profit produced within the economy so it will include in GDP.

These profit will increase US GDP since profits gained in the domestic economy are counted as a part of GDP under the resource cost or operating in income approach.

3 0
3 years ago
<img src="https://tex.z-dn.net/?f=%283%20%5Csqrt%7B2%20-%209%7D%20%29%283%20%5Csqrt%7B2%20%2B%209%7D%20%29" id="TexFormula1" tit
lara31 [8.8K]

(3 \sqrt{2  - 9} )(3 \sqrt{2 + 9} ) \\ 3 \sqrt{2 - 9}   \:  \: \times  \:  \: 3 \sqrt{2 + 9}  \\ 3( \sqrt{2 - 9}  \times  \sqrt{2 + 9} ) \\ 3( \sqrt{(2 - 9)(2 + 9)}  \:  \: )  \\ by \: using \: identity \:  \:  {x}^{2}  -  {y}^{2}  = (x + y)(x - y) \\ 3( \sqrt{ {2}^{2} -  {9}^{2}  } ) \\ 3( \sqrt{4 - 81} ) \\ 3 \sqrt{77}

HOPE THIS WILL HELP YOU

7 0
3 years ago
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