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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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Marta_Voda [28]

a Niche is A Pattern D is ur answer

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3 years ago
Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. j
Snowcat [4.5K]
For the answer to the question above, I<u><em> believe the answer is </em></u><span><u><em>If Jason raises his price he would lose all his customers.</em></u></span>

Because a teenager could do that and he doesn't need an experience for lawn mowing and if you'll gonna increase your price. Be sure that you offer something additional or something special. A price hike in a competitive market is not good at all. Whether it's a big or a small business
8 0
4 years ago
Salvatore and Annette are sales managers for Acme USA. Both work full-time in the Acme offices under the same manager, and share
Bogdan [553]

Answer:

The correct answer is the option B: Acme willfully misclassified Annette as an independet contractor and is liable under Fair Labor Standards Act of 1938.

Explanation:

First of all, an <em>independet contractor</em> is the name that a person receives when provides goods or services under a written contract however they do not work regularly for an employer but work as required.

Secondly, the <em>Fair Labor Standards Act of 1938</em> is a United States Labor Law that creates certain standards that must be accomplished by the employers regarding topics like a minimum wage, ''time-and-a-half'' overtime pay and many others. The basic of this act is to establish standards and protect particular situations regarding the less benefited employees.

Finally, in the case of Acme, where Annette was hired as a independent contractor the company willfully misclassified her due to the fact that she has the same duties and hours of job as Salvatore therefore the company is liable under the Fair Labor Standards Act of 1938 to give her the same salary and health insurance.

5 0
4 years ago
Coleman Luggage has liabilities of $870,000 that the company must pay back by the end of the month. It currently has a cash bala
Troyanec [42]

Answer:

The answer is low

Explanation:

Liquidity or Solvency is the ability of a business to pay its debt(both in short term and long term).

In the question, Coleman Luggage has a liability of 879,000 and the total current assets(which can be used to offset the liability) are cash balance of $175,000 + inventories of $220,000 + Other short-term assets of $85,000 = $480,000.

To know its solvency (net working capital) = Asset - liability

$480,000-870,000

= -$390,000.

Coleman Luggage has a low solvency because his asset cannot cover all his liabilities. His asset is less than his liabilities

4 0
3 years ago
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snow_tiger [21]

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5 0
3 years ago
Read 2 more answers
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