<u>Answer:</u> The rate of interest per year is 18.49 %.
<u>Explanation:</u>
To calculate the rate of interest, we use the equation:

where,
Interest paid = $ 53.95
Amount borrowed = $ 700
Rate of interest = ?
Time = 5 months =
(Conversion factor: 1 yr = 12 months)
Putting values in above equation, we get:

Hence, the rate of interest per year is 18.49 %.
Answer:
General Mills, Inc.
Income Statement for the year ended May 27, 2018
Revenue $22,036.6
Cost of goods sold (COGS) 14,438.1
Gross profit $7,598.5
Total expenses, other than COGS 4,490.1
Income before tax $3,108.4
Income tax expense 80.2
Net income $3,028.2
Explanation:
a) Relevant Data:
Revenue $22,036.6
Cost of goods sold (COGS) $14,438.1
Total expenses, other than COGS $4,490.1
Income tax expense $80.2
Answer: The answer is that, AD has shifted to exactly $0.35 trillion.
Explanation:
It should be noticed that, AD has been shifted to exactly $0.35 trillion (Rounded in two decimal places.) when the the long-run aggregate supply curve shifted to the right from one year to the next.
Answer: C. The loss of profit from delayed opening.
Explanation: Tile and Grout failed to execute the job they were contracted and caused water world to delay opening. In business Tile and Grout company will be held liable for failure to execute contract.
Water world can recover the loss of profit from delayed opening due to the failure in the part of Tile and Grout company.
A shortage exists when the quantity demanded is greater than the quantity supplied.
<h3>What is
shortage ?</h3>
- Shortage means that the Seller does not have sufficient quantities of the Products at the Delivery Location due to lost or failed quantity shipments, exhausted inventory, or for any reason unable to ship the Products to the Delivery Location. .
- Examples of shortage are food, water, energy and labor.
- Changes in demand or supply can occur for a variety of reasons.
- Not all are related to price changes.
- Rarity and rarity are two different things, and certain economic rarity characteristics set them apart.
- From an economic point of view, a bottleneck occurs when demand exceeds supply.
- Supply and demand must match in order for the market to remain in equilibrium.
- Otherwise, there will be excess and deficiency.
To learn more about shortage from the given link :
brainly.com/question/28457260
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