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krok68 [10]
3 years ago
8

On January 30, 2014, your parents lent you $400. On January 30, 2015, you repaid the loan by writing your parents a check for $4

32. What was the annual interest rate your parents charged you for that loan?
Business
1 answer:
grandymaker [24]3 years ago
4 0

Answer:

The annual interest rate charged would be 8%

Explanation:

The annual interest rate which is charged by the parents for the loan is computed as:

Interest rate = (Amount repaid for loan - Lent amount by parents) /Lent amount by parents × 100

where

Lent amount by parents is $400

Amount repaid for loan is $432

Putting the values above:

Interest rate = ($432 - $400) / $400 × 100

Interest rate = $32/ $400 × 100

Interest rate = 0.08 × 100

Interest rate = 8%

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Aluminum maker Alcoa has a beta of about 1.85​, whereas Hormel Foods has a beta of 0.39. If the expected excess return of the ma
Nady [450]

Answer and Explanation:

The computation is shown below:

As we know that

According to the Capital Asset Pricing Model (CAPM) formula

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

And, the market rate of return - Risk-free rate of return is also known as the market risk premium

As we can see that the Alcoa contains high beta as compared to Hormel Foods so the Alcoa has a higher equity cost of capital

And, the higher rate is

= (Excess return of the market) × (Alcoa beta - Hormel foods beta)

= (3%) × (1.85 - 0.39)

= 3% × 1.46

= 4.38%

8 0
3 years ago
As people have become more healthminusconscious and decided to eat food that is better for them_________
vitfil [10]
As people have become more health-conscious and decided to eat food that is better for them the demand curve for oranges and apples has shifted to the right.
4 0
3 years ago
Willow Trees Inc. makes seven different products, four of which are within their first year of existence. The demands for all pr
Papessa [141]

Answer:

Willow Trees Inc. should use bottom-up planning

Explanation:

Bottom-Up Planning is an effective method to increase productivity and efficiency of the production process. It includes planning, and defining the objectives that company needs to achieve through bottoms first.

Firstly, targets that will help achieve lower level hierarchy are set into place. From there they are slowly incorporated in higher level goals that will eventually reach the global goals of the company.

7 0
3 years ago
Adam is a part-time employee who earned $495.00 during the most recent pay period. He is married with two withholding allowances
Akimi4 [234]

Answer:

Amount of Social Security tax  = $30.69

Explanation:

given data

earned = $495.00

pay = $6,492.39

to find out

How much should be withheld from Adam's gross pay for Social Security tax

solution

we assume here no pre tax is deductions

and social security tax rate is  6.2%

so Amount of Social Security tax  will be

Amount of Social Security tax =  earned × social security tax

Amount of Social Security tax = $495 × 6.2%

Amount of Social Security tax = $495 × 0.062

Amount of Social Security tax  = $30.69

5 0
3 years ago
Which of the following integrates the functions of operations management, logistics management, supply management, and marketing
kolbaska11 [484]

Answer:

A. supply-chain management

Explanation: Supply chain management is the term used to describe the processes involved the handling of the flow of raw materials, finished goods, equipments and other supplies in order to ensure that materials are made available to the user at the right time right location and at the right quantity and Quality.

Supply chain management integrates both the operations, logistics, Marketing, supply management in order to efficiently manage or handle the flow of materials.

4 0
3 years ago
Read 2 more answers
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