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
sergey [27]
3 years ago
11

Hugh curtin borrowed $35,000 on july 1, 2017. this amount plus accrued interest at 8% compounded annually is to be repaid on jul

y 1, 2022. how much will hugh have to repay on july 1, 2022?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer: $49,000

Explanation: In order to calculate how much he will need to repay we first need to calculate the amount of interest that he will pay. The formula for interest is Interest = Principal x rate x time.

Using the formula, Interest = $35,000 x .08 x 5, Interest = $14,000

On July 1, 2022 Hugh will need to repay the principal that he borrowed, which was $35,000 plus the interest of $14,000, which is a total of $49,000.

You might be interested in
Karen is a school principal. She has been collecting data all year regarding the benefits and costs of an after-school community
ipn [44]

Answer:

Cost Benefit Analysis

Explanation:

Cost benefit analysis research is "a systematic process for calculating and comparing benefits and costs of a project. A cost benefit analysis finds, quantifies, and adds all the positive factors (the benefits). Then it identifies, quantifies, and subtracts all the negatives (the costs). The difference between the two indicates whether the planned action is advisable."

If Karen is doing a cost benefit analysis well she must be sure she includes all the costs and all the benefits and properly quantify them in the community service program.

Reference: Worcester Polytechnic Institute. “Guides: Research Methodology: Cost Benefit Analysis.” Cost Benefit Analysis - Research Methodology - Guides at Worcester Polytechnic Institute, Oct. 2019,

7 0
3 years ago
A customer of Razor Sharpeners alleges that Razor's new razor sharpener had a defect that resulted in serious injury to the cust
Setler [38]

Answer:

Razor should accrue a liability in the amount of $0.

Explanation:

If the likelihood are likely and the quantity can be calculated with satisfactory precision, a contingent liability is to be accumulated. The amount cannot be calculated with reasonable precision in the given situation so no liability is to be acknowledged. Therefore Razor should accrue a liability in the amount of $0.

5 0
3 years ago
Look at the tables below, which show, respectively, the willingness to pay and willingness to accept of buyers and sellers of ba
jenyasd209 [6]

Answer and Explanation:

a. The equilibrium quantity for the given two tables is

As if the equilibrium price is $8 so the six consumers i.e bob, barly,bill,bart, brent, betty) are paying more than the equilibrium price and on the other hand six producers (carlos, courtney, chunk, cindy, craig, chad) are accepted the price as the equilibrium price is more than the accepted price

Hence, the equilibrium quantity is 6

b. Now if all the buyers are free to ride so the quantity supplied by private sellers is 0 as the minimum accepted price is more than the willingness price as producers is not able to produced

c. At imposing $2 per bag tax on sellers, the new equilibrium price is $9 as the price rise to $9

5 0
4 years ago
To prevent monetary policy from becoming highly politicized, many countries have A. made their central banks be politically inde
ladessa [460]

Answer:

The correct answer is letter A. They made their central banks politically independent.

Explanation:

Central banks have become independent in developed countries due to their macroeconomic stability. Thus, to maintain it, the independence of the Central Bank was adopted, and this measure would have greater control of the issuance of money by the government to finance its spending. In this sense, the independence of the Central Bank removes the influence of parliament from monetary policy decisions, and also removes the influence on managers, with parliament only overseeing, making management more technical.

3 0
3 years ago
In an economy in which the skills, preferences, and motivations of workers vary widely, equality of wage rates would
____ [38]

Considering the situation described above, the equality of wage rates would be <u>lower</u>.

This is because when there are high differences in the level of skills, preferences, and motivations of workers, some workers with high skills, and skills preference and increased motivation will earn higher wages.

On the other hand, the workers with low skills, less preferred by employers, and have less motivation to work, will undoubtedly earn lower wages.

This situation would lead to the equality of wage rates to be lower, as many people earn higher, while many others make lower.

Hence, in this case, it is concluded that massive disparity in skills, preference, and motivations cause lower equality in wage rates.

Learn more here: brainly.com/question/18691665

7 0
3 years ago
Other questions:
  • Keeping up with paying bills and salaries is the ability to keep a company...
    11·2 answers
  • Which is NOT an example of a cyclical company?
    7·2 answers
  • OpenReader is an Internet lending library in which people list and lend their own books and borrow books from other members. It
    13·1 answer
  • On December 31, 2017, Reagan Inc. signed a lease with Silver Leasing Co. for some equipment having a seven-year useful life. The
    9·1 answer
  • Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below.
    15·1 answer
  • In the event of a "stockout" one of the things that could happen is __________________________________. a. the vendor's plant sh
    5·1 answer
  • When latané and darley replicated their experiment on helping behaviors as a field experiment, they had two burly men steal a ca
    11·1 answer
  • Should Peterson Accounting have relied on the income statement and footnote information provided by Ms. Rivera’s accountant? Why
    5·1 answer
  • You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. Please answe
    9·1 answer
  • Influencing behavior through norms and expectations set by the organization’s culture is called __________ control.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!