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Maksim231197 [3]
3 years ago
11

Sally has a credit card balance of ​$500 . The credit card company charges a nominal interest rate of 16 percent a year on unpai

d balances. The inflation rate is 5 percent a year. Calculate the real interest rate that Sally pays the credit card company.
Business
1 answer:
Nata [24]3 years ago
5 0

Answer:

10.48%

Explanation:

Real interest rate = (1 + nominal interest rate) / (1 + inflation rate) - 1

1.16/1.05 - 1 = 10.48

Nominal interest rate is real interest rate plus inflation rate

Real interest rate is interest rate that has been adjusted for inflation

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A manufacturer of a variety of technological devices asked its marketing department to develop inexpensive methods of building a
SOVA2 [1]

Answer:

Accountancy There are 6 points on a coordinate plane. The points are (negative 5, 0), (negative 4, 1), (negative 3, 4), (1, negative 2), (2, 4), (5, negative 3).

A domain: {–5, –4, –3, –2, 0, 1, 2, 3, 4, 5}

B domain: {–3, –2, 0, 1, 4}

C domain: {–5, –4, –3, 1, 2, 5}

D domain: {(–5, 0), (–4, 1), (–3, 4), (1, –2), (2, 4), (5, –3)}

3 0
3 years ago
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company
OleMash [197]

Answer:1. Cost on warehouse of

$8600

Answer. Debit cost of land

2. Sales of salvage materials of $1700

Answer. Credit cost of land

3. Attorney fee of $1100

Answer Debit cost of land

4.Broker fee of $5000

Answer. Debit cost of land

5. Architect fee $7800

Answer. Debit cost of land

6. Driveway and parking lot

Answer. Debit cost of land.

Explanation:

The cost of property includes the price of purchase and other related tax e.g vat paid on the property, plants or equipment.

The cost of the asset further includes all cost spent to bring it to the desired state of use while subtracting all income earned in the process and this necessitate the treatment of the cost of raising warehouse and salvage materials.

Included in the cost of the asset acquired are the professional fees incurred like the Architecture, Attorney etc. Furthermore the cost included the driveway and parking lots for they are also necessary to make it usable.

5 0
4 years ago
an employee of a company is being paid to assist in the sale of stock options to the company's employees and will recieve a bonu
DENIUS [597]

Answer:

An employee of a company who is being paid to assist in the sale of stock options to the company's employees  and receives a bonus based on sales                  results is referred to as an Agent. This is in accordance with Uniform Securities Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

Explanation:

The Uniform Securities Act refers to an employee of a company who is paid to assist in the sale of stock option to the company's employees and receives a bonus based on sales results as an agent. Such an employee is required to register with the state.

3 0
3 years ago
The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Titl
postnew [5]

Answer:

Service Revenue           881,105

Wages Expense           (529,000)

Supplies Expense          (42,000)

Rent Expense                 (59,500)

Utilities Expense               (8,000)

Depreciation Expense  (150,000)

Interest Income            <u>     (5,500)   </u>

Net Income                        87,105

Explanation:

We list the revenue account and then, substract the expenses leaving the net income. As this is a single-step income statemnt we do not solve for operating and non-operating income.

7 0
4 years ago
Obeying the law is what kind of <br> Ethical Behavior
Lapatulllka [165]

Answer:

Basic level

Explanation:

Obeying the law is the basic demand of constitution of any country from its citizens. It is basically following the general rules of being the citizen of country.

Ethical behavior is about being morally right in your actions, it is no where defined properly what is ethical, sometimes even unethical behavior does not count in illegal behavior.

As for example if my colleague asks for a pen, and I do not help him, even though I have extra pen, is unethical behavior but it is not illegal.

But since it is unethical it is not correct morally, although all the legal actions are ethical.

4 0
3 years ago
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