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
andrew11 [14]
3 years ago
12

Billy Thornton borrowed $140,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses

a 360-day year. How much interest would Billy have to pay in a 30-day month
Business
1 answer:
kolbaska11 [484]3 years ago
3 0

Answer:

$845.83

Explanation:

The computation of the interest is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $140,000 × 7.25% × (30 days ÷ 360 days)

= $845.83

Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount

You might be interested in
Colorado Traffic laws are revised each year by
algol13
Colorado General Assembly. 
3 0
3 years ago
Brian vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:
Verizon [17]
The answer is he is not part of the labor force. Since the labor force is comprises of the employed and the unemployed. The remainder— persons who are neither employed nor unemployed are not in the labor force. This group comprises retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Since the mid-1990s, naturally fewer than 1 in 10 people not in the labor force stated that they want a job.
3 0
3 years ago
Sasha works for a large corporation, and sometimes, she finds it difficult to see how she fits into the corporate picture. Howev
FinnZ [79.3K]

Answer:

C. It can boost employee productivity.  

Explanation:

Sasha's company decision to establish an employee stock ownership plan has the potential benefit of boosting employee productivity because staff members and people in general are motivated by rewards.

Employee stock ownership plan is a staff reward scheme where a company's employees are awarded shares of the company they work for, hence they become both staff and shareholders of that company.

Sometimes these plans are futuristic, they are awarded at a certain date in future if the company achieves certain goals. Hence the productivity of employees are boosted in the bid to boost the company's performance and achieve their share rewards

8 0
3 years ago
Community Manufacturing Inc. developed the following standard costs for direct material and direct labor for one of their major
hammer [34]

Answer:

Particulars               Standard                           Actual

                      Qty     Rate   Amount       Qty      Rate   Amount

Materials     2,000     26     52,000      2,200     24       52,800

Labor          1,000       14     14,000       1,050     14.75    15,487.50

Actual output                                   10,000.00    

Materials required (10000*0.20) = 2,000.00

Labor hrs required (10000*0.1) =    1,000.00

1. May's direct material price variance

= (SP-AP)*AQ

= (26 - 24*)2200  

= 4,400 F      

2. May's direct material quantity variance

= (SQ-AQ)*SP  

= (2,000 - 2,200)*26

= 5,200 U

3. May's direct labor cost variance

= Standard Cost - Actual Cost

= 14,000 - 15,487.50

= 1,487.50 U

4. May's direct labor rate variance

= (SR-AR)*AH  

= (14 - 14.75)*1,050

= 787.50 U

5. May's direct labor efficiency variance

= (SH-AH)*SR

= (1,000 - 1,050)*14

= 700 U

6 0
2 years ago
E-85 __________A) was an international summit of 85 nations that met to restrict greenhouse gas emissions B) was an internationa
Aliun [14]

Answer:

C. Is an ethanol-gasoline mixture

Explanation:

E-85 is a designation used to represent a combination of ethanol and gasoline. It indicates an ethanol content of 85% and a gasoline content of 15%. Most countries with cold temperatures practice this mixture of ethanol with gasoline, because, ethanol makes it hard for the engines of vehicles to crank.

A major agricultural produce used in the production of ethanol is corn which undergoes fermentation. Some countries who use E-85 as a source of fuel include; the United States, as well as Sweden.

4 0
3 years ago
Other questions:
  • jonathan is a photographer. he has been hired by a company to shoot an advertisement for their product. which role does Jonathan
    7·2 answers
  • FutureForm, a U.S. company, imports microprocessors from Japan. The company must pay in yen to the Japanese supplier within 30 d
    5·1 answer
  • What else besides raw materials would be included in input costs?
    11·1 answer
  • Ray presents information about the office supplies his company sells to a
    7·2 answers
  • is a structured approach used by decision makers to develop a sourcing strategy for a product or service, based on the value pot
    6·1 answer
  • The short run is:________
    12·1 answer
  • Omega Enterprises budgeted the following sales in units: January 40,000 February 30,000 March 50,000 Omega's policy is to have 3
    5·1 answer
  • In a fairly large portfolio, the ...................... risk associated with one stock typically has no impact on the portfolio
    9·1 answer
  • Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is decreasing, _____ must
    10·1 answer
  • Consulte cinco ejemplos de género dramático​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!