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Andre45 [30]
3 years ago
11

your local pawn shop loans money at an annual rate of 24 percent and compounds interest weekly. What is the actual rate being ch

arged on these loans?
Business
1 answer:
Alika [10]3 years ago
6 0

Answer:

27%

Explanation:

The actual rate being charge on these loans is the effective annual rate and the formula to calculate it is:

i=(1+(r/m))^m−1

i= effective annual rate

r= interest rate in decimal form=0.24

m=number of compounding periods per year= 52 (a year has 52 weeks).

i=(1+(0.24/52))^52-1

i=1.27-1

i=0.27

According to this, the answer is that the actual rate being charge on these loans is 27%.

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Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year ar
solmaris [256]
Hi there

The share of profit and loss based on their proportion of their capital
Total capital is
100000+60000=160000

Allison's share of profit is
80,000×(60,000÷160,000)=30,000

joshs share of profit is
80,000×(100,000÷160,000)=50,000

Good luck!
4 0
3 years ago
A law making labor more expensive will have what impact on the supply curve?
Mkey [24]
A. Shifting to the left
7 0
2 years ago
Read 2 more answers
Refer to the table below and calculate both the real and nominal rates of return on the TIPS bond in the second and third years.
SpyIntel [72]

Answer:

Second year :

Nominal rate = 8.15%

Real rate = 5%

Third year :

Nominal rate = 6.00%

Real rate = 4.95%

Explanation:

Nominal return =(Interest + price change) / initial price

Real rate of return = (1 + nominal rate) / (1 + inflation) - 1

Second year:

Nominal return = [53.05 + (1060.90 - 1030)]÷ 1030

(53.05 + 30.90) ÷ 1030 = 0.0815 = 8.15%

Real rate

[(1 + 0.0815) ÷ (1 + 0.03)] - 1

(1.0815 ÷ 1.03) - 1 = 0.05 = 5%

THIRD YEAR:

Nominal return = [53.58 + (1071.51 - 1060.90)]÷ 1060.90

(53.05 + 10.61) ÷ 1060.90 = 0.060 = 6.00%

Real rate

[(1 + 0.060) ÷ (1 + 0.01)] - 1

(1.060 ÷ 1.01) - 1 = 0.0495 = 4.95%

4 0
3 years ago
Warila Inc. has provided the following data for the month of September. There were no beginning inventories; consequently, the d
oee [108]

Answer:

$6,625

Explanation:

The computation of total Cost of WIP inventories is shown below:-

Manufacturing overhead under-applied = $1,200 × $2,135 ÷ $42,700

= $60

Total Cost of WIP inventories = Direct materials + Direct labor + Manufacturing overhead applied + Manufacturing overhead under-applied

= $2,620 + $1,810 + $2,135 + $60

= $6,625

Therefore for calculating the total Cost of WIP inventories we simply applied the above formula.

8 0
2 years ago
Burlan Paints, manufacturer of paints for both interiors and exteriors, prices its products differently in various international
belka [17]

Answer:  Market-differentiated

Explanation:

 The market differentiated pricing strategy is one of the type of business strategy in which the organization produces various types of products and the services in the market.

By using this type of strategy many companies produced the unique products so that the consumers are get attracted by the business services. The market differentiated strategy provide various types of benefits as it makes the product distinct and unique from the other products and the services in the market.

According to the question, Burlan paints is one of the paints manufacturer that implementing the market differentiated pricing strategy for the pricing products.

Therefore, Market-differentiated is the correct answer.

7 0
3 years ago
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