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oksian1 [2.3K]
3 years ago
10

4. If the monthly finance charge on a loan is 1%, then the A.P.R. on that loan would be

Business
1 answer:
zhannawk [14.2K]3 years ago
3 0

Answer:

B. 12%

Explanation:

Given -  If the monthly finance charge on a loan is 1%

To find - The A.P.R. on that loan would be

1 year = 12 months

Given that, monthly finance charge = 1%

So,

Cumulatively,

Annual Percentage rate (APR) = 12×1% = 12%

So,

The correct option is - B. 12%

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Job 243 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 55,870 Direct la
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Answer:

 $16.66

Explanation:

Data provided

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The preparation of job sheet is shown below:-

Direct Material                $55,870

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Cost per unit                      $16.66

($68,323 ÷ 4,100)

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3 years ago
Hardy lumber has a capital structure that includes bonds, preferred stock, and common stock. which one of the following rights i
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The correct answer is B) Right to share in company profits prior to other shareholders
7 0
3 years ago
According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500. A real estate
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Answer: A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500

Explanation:

From the question, we are informed that according to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500 and that a real estate broker believes that due to recent credit crunch, the mean price has increased since then and the result is that the null hypothesis is not rejected.

The conclusion based on the results of the test is that since the null hypothesis has been rejected, it simply means that there are sufficient evidence that there has been an increase in the mean price since two years ago.

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A local clinic (institution) in need of more Purell antibacterial soap might purchase from Target, which is a ______ of soap, wh
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Answer:

The target is a re-seller

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Purchasing Purell antibacterial soap from a target is re-seller, meaning the target is neither the producer nor the distributor of products but haven given name of such company like McGraw-Hill, one will know that McGraw-Hill is major publisher of books and their books are well local high school around the world. This makes the local high school that might bought from McGraw-Hill buying from a manufacturer

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