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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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Look at the following financial ledger which items listed on the ledger represent credits
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Answer:

The answer is B. Gift and online auction I hope this helps

Explanation:

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3 years ago
Bond investors will experience capital gains when Group of answer choices market interest rates are high and falling. market int
solong [7]

Answer:

A) market interest rates are high and falling

Explanation:

Bonds and interest rates have an indirect relationship.  When interest rates rise, bond prices tend to fall.

Bonds pay interests on a fixed rate. When market interest rates are rising, investors will prefer investing in other options due their high return as opposed to the fixed returns from bonds. Bonds become less attractive, leading to a decline in prices.

Buying Bonds when the interests are rising means buying at a cheaper rate. When interest rates start falling, bond prices will rise again due to their inverse relationship.

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3 0
3 years ago
A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or wil
Crazy boy [7]

Answer: Loan commitment or credit line

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In the given case, the construction firm wants to show that they can have necessary funding. Thus, they can use above tools to show that they have the back of banks in case of providing funding.

Thus, the correct option is C or D .

8 0
3 years ago
From the standpoint of economic efficiency, markets tend to provide a. less of a public good than would be efficient. b. more of
schepotkina [342]

Answer:

A) less of a public good than would be efficient.

Explanation:

The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods  is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.

6 0
3 years ago
Cash balance per bank, July 31, $8,238. 2. July bank service charge not recorded by the depositor $58. 3. Cash balance per books
IgorLugansk [536]

Answer:

the adjusted cash balance is $ 11,142

service charge expense 58 debit

cash                             2868 debit

    accounts receivables        2926 credit

--to record bank reconciliation--

Explanation:

CASH

Balance               8274

Service Charge  -58

collection  <u>     2926</u>

Adjusted Balance 11,142

BANK

Balance                       8238

Outstanding Check -706

Deposit in transit     <u>    3610</u>

Adjusted Balance      11,142

4 0
3 years ago
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