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3 years ago

Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 5% and the term is for 5 years.

Business

1 answer:

Anna71 [15]3 years ago

8 0

Answer:

The amount of interest paid is $ 1,500.

Explanation:

Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:

(30,000 x 5) / 100 = X

150,000 / 100 = X

1,500 = X

Therefore, the amount of interest paid is $ 1,500.

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Vlad1618 [11]

Answer:

The statement is: True.

Explanation:

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lana [24]

Answer:

True

Explanation:

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3 years ago

A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o

PSYCHO15rus [73]

Answer:

The correct answer is stockkeeping unit.

Explanation:

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3 years ago

Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000

rodikova [14]

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

To calculate the allocated overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

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3 years ago

Suppose a firm’s managers receive bonuses that increase with the size of the firm’s ROE, which was 30% last year and is forecast

kherson [118]

Answer:

.b. The new project should be rejected because, if it is accepted, the firm's ROE will decline from 30% because the new ROE will be a weighted average of the old 30% and the 20% returns on the new investment

Explanation:

ROE means return on equity

ROE = Net income / shareholders equity

A project should be undertaken if the ROE of the project is greater than the cost of equity

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3 years ago