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Dmitry [639]
3 years ago
12

Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $

250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan

Business
1 answer:
I am Lyosha [343]3 years ago
4 0
The correct answer is 10.38%

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Answer:<u><em> Elle's coffee has lots of close substitutes while coffee has few substitutes, so the demand for Elle's coffee is more elastic than the market demand for coffee.</em></u>

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∴<em><u> The demand for Elle's coffee is more elastic than the market demand for coffee.</u></em>

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A company performs $10,000 of services and issues an invoice to the customer using the accrual method what’s the correct entry t
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Based on the accrual method, the correct entry for $10,000 worth of services would be a debit to accounts receivable for $10,000 and a credit to Sales revenue for $10,000.

<h3>Why is this the correct entry?</h3><h3 />

The company has performed a certain service for a customer and hasn't been paid for it. The customer therefore owes the company which makes them an account receivable.

The $10,000 will be considered revenue by the company so they will credit the revenue account. Accounts Receivables are assets so this account will be debited.

Find out more on accounts receivables at brainly.com/question/24871345.

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Which of the following should men avoid wearing in the workplace?
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La misión de osha es?
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