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wolverine [178]
3 years ago
5

Your uncle lends you $2,000 less $100 (interest at 5 percent), and you receive $1,900. Use the APR formula to find the true annu

al percentage rate. Assume you repay the entire loan in one year
Business
1 answer:
vesna_86 [32]3 years ago
7 0

Answer:

APR =5.263%

Explanation:

Computation of the true annual percentage rate

Using the APR formula to find the true annual percentage rate

APR=(2 × n × I) / [P × (N + 1)]

Hence;

APR= (2 × 1 × $100) / [$1,900 × (1 + 1)]

APR=$200/($1,900×2)

APR=$200/$3,800

APR= 0.05263 ×100

APR =5.263%

Therefore the true annual percentage rate using the APR formula will be 5.263%

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Using the information provided, analyze the affects of Lawry Lawn Service's transactions on the accounting equation.
Arlecino [84]

Answer:

Common Stock $3,400 (credit)

Mower $1,600 (debit)

Revenue Service $1,000 (credit)

Cash $2,600 (debit)

Gas Expense    $100 (debit)

Dividends $0

Explanation:

See below the posting i have done to the ledger accounts.

Mower T - Account

Debit :

Accounts Payable       $1,600

Credit :

Balance c/d                 $1,600

Revenue Service T - Account

Debit :

Balance c/d                 $1,000

Credit :

Account Receivable   $1,000

Cash T - Account

Debit :

Common Stock         $3,400

Credit :

Gas Expense                 $100

Dividends                     $700

Balance c/d                $2,600

Gas Expense T - Account

Debit :

Cash                                $100

Credit :

Balance c/d                    $100

Dividends - T Account

Debit :

Shareholders for dividends    $700

Credit :

Cash                                         $700

7 0
4 years ago
A client is currently training in the Hypertrophy Phase of the OPT model. Which phase of the flexibility continuum would be the
joja [24]

Answer:

The correct answer is active.

Explanation:

Flexibility is the only physical capacity that does not evolve with age, but quite the opposite, since after two months of age the loss of this quality begins. Therefore, exercising it will be essential to avoid loss as much as possible.

Active flexibility: it is the maximum amplitude of a joint or movement that a person can reach without external help, which only happens through the voluntary contraction and distension of the muscles of the body.

8 0
3 years ago
Which document gives Congress the power to lay and collect taxes?
jarptica [38.1K]
The constitution is the correct answer
6 0
3 years ago
Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and re
sattari [20]

Answer:

B) Underwriting. 

Explanation:

6 0
3 years ago
In the case of existing customers, ________ gives the information on the date and type of contact,
TEA [102]

Answer:

performance data

Explanation:

It seems that the question is structured a little off, but based on the information that is provided the answer that would go in the blank area would be performance data. As mentioned in the question performance data provides all the information regarding a single transaction, including the date and type of contact that inquired about the product in question. Which is what is being described in the question as well as answers a) and b) which i believe is part of the initial question and not answer choices.

4 0
3 years ago
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