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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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Donovan and Keith both work as line employees at the Widget Corporation plant. They are both big fans of the San Francisco Forty
Bezzdna [24]

Answer:

Social companionship

Explanation:

Social companionship is a type of friendship or relationship between individuals who share similar likes and benefit from each other as they feel a sense of closeness doing things they like together. Donovan and Keith, who share some similarities and likes between each other, provide social companionship to each other as they hang out together as fans of a club.

6 0
4 years ago
In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are look
worty [1.4K]

Answer:

49 million

Explanation:

Data given in the question

Population = 100 million persons

Civilian jobs = 40 million

Not working but looking for a job =  9 million

So the number of persons in the civilian labor force is

= Civilian jobs + not working but looking for a job

= 40 million + 9 million

= 49 million

The civilian labor force includes both the employed as well as unemployed person

8 0
3 years ago
The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processin
Dimas [21]

Answer:

The correct answer is "$87,750".

Explanation:

In process inventory, the overall cost allocated to the final job would be:

⇒ Sum \ of \ material +labour \ material

⇒ 18000 \ units

The unit of ending were 100%

⇒ 2.75 = 45,500 ($)

Labor = 18000\times 50 \ percent \times 4.25

          = 38,250 ($)

In process inventory, the overall cost allocated to the final job would be:

⇒  Material+Labor

⇒  49,500+38,250

⇒  87,750 ($)

5 0
4 years ago
If you deposited money in a savings account that paid 1% interest, approximately how long would it take your money to double?
UkoKoshka [18]
Answer: A
Explanation: The rule of 72 dictates that in order to find the money invested to double you will need to do the following: You would get 72 and divide it by 1 (1 is the percentage in this formula) and the answer would be 72.
6 0
3 years ago
Jensen Company reports the following: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400
marshall27 [118]

Answer:

Jensen Company's product costs are c. $995,000

Explanation:

Product costs are costs that are incurred to create a product. Product costs include direct material, direct labor, and factory overhead.

In Jensen Company: Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000.

Jensen Company's product costs = direct material + direct labor + and factory overhead = $345,000 + $250,000 + $400,000 = $995,000

7 0
4 years ago
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