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
Strike441 [17]
3 years ago
7

Irving purchase a car for $5,000 his interest rate is 10% for the year how much will he pay in one year's time​

Business
1 answer:
Anna35 [415]3 years ago
3 0

Answer:

$500

Explanation:

The cost of the car is $5000

the interest is 10% per year

the interest paid in one year time will be

I= p x r x t

p = $5000; r =10% or 0.1 ;and t = 1

I = $5000 x 0.1 x 1

I= $500 x 1

Interest payable in one year is $500

You might be interested in
Glinda goes to the supermarket for her monthly grocery shopping. As she waits in the line at the cash register, she sees her fav
ycow [4]

Answer:

<em><u>Convenience products.</u></em>

Explanation:

Convenience products are those goods or services that are purchased by the consumer with high frequency without comparison criteria or high purchasing efforts. These products are widely distributed so that the consumer has the availability of purchase at any time. Examples include magazines, fast food, detergents and beverages.

Some of its features are:

  • Low price,
  • Classified as non-durable goods,
  • High frequency of replacement at points of sale,
  • Easy replacement products
7 0
3 years ago
Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i
Marina86 [1]

Answer: $272,570

Explanation:

4 0
3 years ago
What is break even point?
maks197457 [2]

Answer:

The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

Explanation:

6 0
3 years ago
A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,
Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0
3 years ago
You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see that t
Anton [14]

Answer:

d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.

Explanation:

Equillibrumnprice is defined as the price at which a buyer is willing to buy and a seller is willing to sell a product.

The buyer is willing to buy the ticket at $457 and the reseller also wants to sell at that price, so this is the equillibrum price.

The face value is $259 so it is less than the equillibrum price.

The rate in the secondary market is determining equillibrum price in this case.

5 0
3 years ago
Other questions:
  • After working for Stafford Automotive Group as an automotive technician for the last 4 years, Stan was promoted to the position
    11·1 answer
  • 2. One of the most fundamental determinants of the exchange rate is ______________ whereby the exchange rate between the currenc
    13·1 answer
  • Amber is in charge of preparing an annual budget for her company. As part ofthe budgeting process, she must estimate cost of goo
    12·1 answer
  • Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi
    13·1 answer
  • As little as _______ percent of privately owned 4es ever move from the start-up stage to the success stage.
    11·1 answer
  • The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
    11·1 answer
  • When a company has a diverse workforce, which of the following is likely to
    11·2 answers
  • You lend a friend ​$​, which your friend will repay in equal annual​ end-of-year payments of ​$​, with the first payment to be r
    11·1 answer
  • Write a summary of the 3 principles of economic activity
    8·2 answers
  • One of the things that makes a triceratops unique when comparing it to other ceratopsidae is that it's frill?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!