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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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The long-run aggregate supply curve
pantera1 [17]

Answer:

Option 1 - The long-run aggregate supply curve  is very sensitive to changes in the price level.

Explanation:

The long-run aggregate supply curve, LRAS, is a curve that reveals the relationship between the price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but the output cannot because output reflects the full-employment output.

Therefore, the long-run aggregate supply curve is very sensitive to changes in the price level.

8 0
3 years ago
What does contingent mean on a real estate listing
agasfer [191]

Answer:

Contingent means "depending on certain circumstances." If a house is listed as contingent in real estate it means that an offer has been made and accepted, but before the deal is complete some additional criteria must be met.

Explanation:

Hope this helps! (I just looked it up) Good luck!!

4 0
2 years ago
"ABC Company knew that its customers were interested in environmentally friendly business practices, so it began marking all of
kirill115 [55]

Answer:

b. Greenwashing

Explanation:

Greenwashing refers to misleading customers by portraying fake compliance with environmental laws by a company. In such cases the company at fault showcases it's products as environmental friendly, made using natural ingredients which actually is not the case.

Misleading refers to employing fraudulent practices intended to deceive the customers with an intention to increase the sales volume.

In the given case, the company in question labelled it's products as environmental friendly despite knowing such is not the case as the facts suggest otherwise.

Thus, this is a case of Greenwashing.

8 0
3 years ago
Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their en
jok3333 [9.3K]

Answer:

I have no clue

Explanation:

I need to answer something bc I'm new sorry

8 0
2 years ago
A landscaping company accepts MasterCard as payment for $1,000 worth of services. MasterCard charges a service fee of 2 percent.
Novosadov [1.4K]

Answer:

Dr   Cash     1020

               Cr         Service revenue   1000

               Cr          Service fee           20

Explanation:

 Service fee is expense of individual who is purchasing not store's expense.

- Total cash received by store is $ 1020 because 2% is service charges by master card,its is income of master card not store so store will treat as liability.

The only revenue of store is $1000.

3 0
3 years ago
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