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3 years ago

13

Steve borrowed $750 for a new dresser. He made 9 monthly payments to repay the loan. He paid $45 interest. What is his simple in

terest rate?

1 answer:

GuDViN [60]3 years ago

8 0

Answer:

222

Explanation:

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The Government in Sunshine Act requires agency business meetings to be open to the public even if the agency is headed by a non-

artcher [175]

Answer:

False

Explanation:

Sunshine Act requires a collegial body to head a meet with a quorum present. The meeting must have been announced some time before it is held unless it is an urgent meeting.

4 0

3 years ago

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Think of a business that utilized one of the three methods of innovation to start their business, identify the business, the typ

garri49 [273]

Answer:

There are three types of innovation.

Product, Process and business Model.

The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.

Explanation:

Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.

5 0

3 years ago

Titanic Roofing Company has estimated the following amounts for its next fiscal year: Total fixed costs $ 840 comma 000 Sale pr

Nina [5.8K]

Answer:

Operating income increases by $40,000.

Explanation:

Given that,

Total fixed costs = $840,000

Sale price per unit = $60

Variable cost per unit = $30

Additional amount spend on advertising = $35,000

Sales volume would increase by 2,500 units.

Contribution margin:

= Sales - Variable costs

= $60 - $30

= $30 per unit

Increase in operating income:

= Increase in contribution margin - Increase in Fixed costs

= ($30 × 2,500 units) - $35,000

= $75,000 - $35,000

= $40,000

3 0

3 years ago

Thomas is the owner of a landscaping company that caters to a very wealthy clientele. His company has struggled to differentiate

ankoles [38]

Answer: The correct option is C.

Explanation: From the scenario given above, we can see that Thomas has not shown any intention to replace the expensive team members, the only option in this case would then be to properly utilize their expertise to the advantage of the company.

In order to do this therefore, a SWOT analysis would need to be carried out and utilized in gaining an edge over the competition.

In this case, Thomas would make sure that the expertise of all his team members are brought to bare, the company would analyze the competition to see where it is lacking in customer satisfaction, and then try to gain the upper hand by including features in their product that the competition does not have in theirs.

This strategy will help in achieving a competitive advantage.

5 0

3 years ago

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Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc

nadezda [96]

Answer:

WACC = 9.22%

Explanation:

after tax cost of debt = 7.8% x (1 - 34%) = 5.148%

Re = 12.4%

cost of preferred stock = 8%

total value:

105,000 common stocks x $22 = $2,310,000

25,000 preferred stocks x $45 = $1,125,00

$1,500,000 bonds x 0.98 = $1,470,000

total value = $4,905,000

capital structure:

common stocks = $2,310 / $4,905 = 47.09%

preferred stocks = $1,125,00 / $4,905 = 22.94%

debt = $1,470,00 / $4,905 = 29.97%

WACC = (47.09% x 0.124) + (22.94% x 0.08) + (29.97% x 0.05148) = 9.22%

8 0

3 years ago