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Ad libitum [116K]
3 years ago
5

22. Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of

Business
1 answer:
Delvig [45]3 years ago
4 0

Answer:

6.25%

Explanation:

Interest is calculate using the formula

I= P x R x T

in this case

I= interest,  p= $975, r=?? ,t = 1

Therefore:

60.94 = 975 x r x 1

60.94 =975 r/100... we multiply both side by 100 to get rid of the fraction.

6094=975r

r=6094/ 975

r=6.2502

interest rate = 6.25%

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False Light

Explanation:

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5 0
3 years ago
Rangle contracts with Siena to buy a certain horse for her. Rangle makes a deal with Timberline Stables, the owner of the horse,
Ann [662]

Answer: indemnification

   

Explanation: The indemnification clause is essentially the other party's obligation to compensate your damages if they do something that hurts you or allows you to be sued by a third party.

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Hence from the above we can conclude that Rangle has right of indemnification.

6 0
3 years ago
An integrity-based approach _____. a. helps very little concerning where questionable practices are occurring and where possible
Roman55 [17]

Answer:

The correct answer is letter "C": usually have chief officers, human resource managers, and board member committees involved with the ethics and compliance program.

Explanation:

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8 0
3 years ago
Since ______________________and the firm's sales has been forecasted to increase by 10 percent for next year, its pro forma inco
Veseljchak [2.6K]

Answer:

correct answer is American Tire is currently operating at its full capacity

Explanation:

given data

firm's sales increase by =  10 percent

growth in sales and fixed assets = 10 percent

solution

correct answer is American Tire is currently operating at its full capacity  because here it is a currently operating at full capacity that is increase in the sales that is require similar increase in the fixed asset

and when it is a operating at the excess capacity then lower increase in the fixed asset is require

and when it retains all income then lower increases in the fix asset is require.

so correct answer is is American Tire is currently operating at its full capacity

7 0
3 years ago
A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and A. bears
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Answer:

B. is so near its maturity that it presents insignificant risk of changes in interest rates

Explanation:

please see attachment

7 0
3 years ago
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