1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%

You might be interested in
An web designer quits a project where she was paid $50,000 on completion of the project. She joins a new company with sales reve
shutvik [7]

Answer:

$150,000

Explanation:

Economic profit is accounting profit less implicit cost or opportunity cost.

Accounting profit = Total revenue - Total cost

Economic profit = Total revenue - Total cost - Opportunity cost

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. The opoortunty cost of the web designer is $50,000.

Revenue is $550,000

Total cost = $250,000 + $30,000 + $70,000 = $350,000

Economic profit = 550,000 - $350,000 - $50,000 = $150,000

I hope my answer helps you

4 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. A
g100num [7]

Answer:

0.67

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If the family buys one can of soup, the opportunity cost is the frozen food forgone.

Opportunity cost of one can of soup = 60 / 90 = 0.67

I hope my answer helps you

8 0
3 years ago
ULID
arlik [135]

Answer:

C. Land

Explanation:

Input is any commodity used in the manufacturing of other products. Factors of production are the inputs or resources used in the production of other goods and services. They include land, capital, labor, and entrepreneurship.

From the list provided, the only the factor of production is land.  In economics, land refers to the fertile fields used in agricultural production. It also refers to space where commercial buildings, factories, and businesses are set up. Land also includes natural occurring resources and minerals such as oil, natural gas, and precious stones.

3 0
2 years ago
Identify which group of accounts may require adjustments at the end of the accounting period.
FrozenT [24]

Answer:unearned revenue, Supplies, prepaid rent

Explanation:

7 0
2 years ago
What role does utility loading... play in the economic model of consumer​ behavior? when modeling consumer​ behavior, utility?
xenn [34]
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
4 0
3 years ago
Other questions:
  • A property is being appraised using the income capitalization approach. Annually, it has potential gross income of $40,000, vaca
    7·2 answers
  • What were the main factors in both the North and South for the abandonment of Reconstruction?
    11·1 answer
  • What is the rationale for the internal control principle, segregation of duties? select one:
    9·1 answer
  • Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a bri
    14·1 answer
  • Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
    5·1 answer
  • The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales
    6·1 answer
  • Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. Wha
    15·1 answer
  • Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de
    7·1 answer
  • The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lo
    11·1 answer
  • A business established a website and now has customers order products online without visiting their store, they are responding t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!