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faust18 [17]
3 years ago
8

East Coast Cleaners borrows $20,000 for 120 days and pays $400 interest. What is the effective rate of interest if the loan is d

iscounted
Business
1 answer:
Vika [28.1K]3 years ago
5 0
The answer is 4.0 because i you said get your money from
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Which of the following is an entrepreneur?a lawyer in a high-profile law firm that specializes in business law an artist who run
boyakko [2]
<h3><u>Answer;</u></h3>

An artist who runs a business that paints murals in office buildings and restaurants

<h3><u>Explanation;</u></h3>
  • <em><u>An entrepreneur is an individual who organizes or operates a business or a business venture by identifying an opportunity in the market. The entrepreneur starts a business by risking his/her own money for the business venture.</u></em>
  • We can say that an entrepreneur combines the factors of productions, that is land, labor, and capital to produce products. He or she has the capacity and willingness to develop, organize and manage a business venture along with any of its risks for the purpose of making profit.

6 0
4 years ago
Which of the following are reasons to write a business plan?
Elis [28]
The answer is 1) to identify problems in advance 2)to get funding 3) to attract employees and management 4) to keep the company focused on specific goals
6 0
3 years ago
Read 2 more answers
Kaila, the owner of a costume shop, has a three-year strategic goal to serve 15 percent more customers and increase margins by 5
Marizza181 [45]

Answer:

The answer is strategy execution

Explanation:

Strategy execution is the actual implementation of a strategic plan.

4 0
3 years ago
The following events occurred last year for the Bronze Company: Purchase of treasury stock $50,000 Issuance of common stock 90,0
Lana71 [14]

Answer:

Net Cash Flow from Financing Activities                    $150,000

Explanation:

Data provided in the question:

Purchase of treasury stock = $50,000

Issuance of common stock = 90,000

Payment of dividends to common stockholders = 10,000

Sale of equipment = 17,000

Now,

Net cash flow from financing activities will be

Issuance of common stock                                         $90,000

Purchase of treasury stock                                          $50,000

Payment of dividends to common stockholders       $10,000

==============================================================

Net Cash Flow from Financing Activities                    $150,000

Note: Sales of equipment is not included in financing activity

6 0
3 years ago
In 1895, the first putting green championship was held. the winner’s prize money was $190. in 2014, the winner’s check was $1,49
Ket [755]

Answer:

The interest rate is 7.83%

Explanation:

The winner price in the year 1895 = $190

The winner price in the year 2014 = $1490000

Time duration between, 2014 – 1895 = 119 years

Now we have to find the interest rate at which the winner price has been increased. Thus, use the below formula to find the interest rate.

Future value = present value (1+ r)^n

Future value = $1490000

Present value = $190

n = 119

Now insert the values in the formula.

1490000 = 190(1 + r)^119

1490000 / 190 = (1+r)^119

r = 0.07826 or 7.83%

4 0
3 years ago
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