Explain the negative impact of ethical misconduct on businesses

-Ricky Ripov’s Pawn Shop charges an interest rate of 15.25 percent per month on loans to its customers. Like all lenders, Ricky

yuradex [85]

Answer:

183.00%

449.15%

Explanation:

The computation of annual percentage rate and the effective annual rate shown below:

Annual percentage rate is

= Interest rate per month × Total Number of months in a year

= 15.25% × 12 months

= 183.00%

The effective annual rate is

= (1 + nominal interest rate ÷ periods)^ number of period - 1

= (1 + 15.25% ÷ 12)^12 - 1

= 449.15%

6 0

4 years ago

Which of the following is an example of part-time business? a. Tabatha, who works from home for a fashion website for a minimum

Brut [27]

Answer: The answer is C. Dorothy, who works in her small bakery for less than 30 hours a week.

Explanation: A part-time business can't exceed <u>35 hours a week.</u>

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3 0

3 years ago

Read 2 more answers

Overview of financial planning

VMariaS [17]

Answer:

1. Operating plan.

2. Operating plan.

3. Financial plan.

4. Dividend policy.

5. B and C.

Explanation:

1. Operating plan: provides detailed implementation guidance for a firm's operations, as well as a forecast of the company's expected future free cash flows.

2. Operating plan: provides the inputs necessary for a risk management evaluation using sensitivity analysis, scenario analysis, or simulations.

3. Financial plan: Is based on knowledge of the amount of funds necessary to compensate the firm's shareholders, and the mix of debt and equity capital used to finance the firm.

4. Dividend policy: sets forth specific targets for cash or share distributions to the firm's shareholders.

Capital structure: describes specific targets for the mix of debt and equity used to finance a firm.

Financial planning can be defined as the process of estimating the amount of capital required for the smooth operations of the business and determine how to achieve the firm's set goals and objectives.

Hence, the following statements are true about financial planning;

I. Once a firm's forecasted financial statements are prepared, the firm must determine how much capital it will need to support these plans.

II. Management must monitor operations after implementing a financial plan to detect deviations from the plan and adjust accordingly.

6 0

3 years ago

Dora earns 50,000 a year at her johs. when she was given a raise of 5,000 her spending increased from 50,000 to 54,000 calvulate

weqwewe [10]

Given:
ΔY = $5,000, the change in income
ΔS = 50,000 - 54,000 = - 4,000, the change in savings.

By definition,
MPS (Marginal Propensity to Spend) is
MPS = ΔS/ΔY = -4000/5000 = -0.8

The relation between MPS and MPC (Marginal Propensity to Consume) is
MPS + MPC = 1.
Therefore
MPC - 0.8 = 1
MPC = 1.8

Answer:
MPS = 0.8
MPC = 1.8

5 0

3 years ago

Read 2 more answers

Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginni

Fofino [41]

Answer:

Selling price for Job C $93,300

Selling price for Job M $78,204

Explanation:

The computation of the selling prices for Job C and for Job M is given below:

But before that following calculations need to be done

Departmental overhead rates:

Molding 6.50 (2.5 + (36000 ÷ 9000))

Customizing 6.70 (3 + (13320 ÷ 3600)

Particulars Job C Job M

Direct materials $16,700 $9,900

Direct labor cost $23,400 $10,300

Overhead applied:

Molding $17,550 $40,950

(2700 × 6.50) (6300 × 6.50)

Customizing $20,100 $4,020

(3000 × 6.70) (600 × 6.70)

Total manufacturing cost $77,750 $65,170

Add: Markup at 20% $15,550 $13,034

Selling price $93,300 $78,204

7 0

3 years ago

Explain the negative impact of ethical misconduct on businesses​

Explain the negative impact of ethical misconduct on businesses