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Zanzabum
3 years ago
12

The lender charges you $9 per week for each $100 you borrow.

Business
1 answer:
mixer [17]3 years ago
8 0

Answer:

i believe 2,107.5711%

Explanation:

You might be interested in
An investment of ​$81 comma 000 was made by a business club. The investment was split into three parts and lasted for one year.
Anna11 [10]

Answer:

First Part = $54,000

Second Part = $12,000

Third Part = $15,000

Explanation:

Let the first part be "x"

2nd part be "y", and

3rd part be "z"

Total money is 81,000, thus we can write:

x + y + z = 81000

Now, total interest is 6390 from each part with respective percentages, so we can write:

0.08x + 0.06y + 0.09z = 6390

Also,

Interest from 1st is 6 times interest from 2nd, so we can write:

0.08x = 6* (0.06y)

0.08x = 0.36y

x = 4.5y

Now replacing this in 2nd equation, we get:

0.08x + 0.06y + 0.09z = 6390

0.08(4.5y) + 0.06y + 0.09z = 6390

0.36y + 0.06y + 0.09z = 6390

0.42y + 0.09z = 6390

replacing x = 4.5y into 1st equation, we get:

x + y + z = 81000

4.5y + y + z = 81000

5.5y + z = 81000

Multiplying this by -0.09, we have:

-0.09 * (5.5y + z = 81000)

= -0.495y - 0.09z = -7290

Adding this and previous equation:

0.42y + 0.09z = 6390

-0.495y - 0.09z = -7290

------------------------------------

-0.075y = -900

y = 12000

x = 4.5y

So,

x = 4.5(12,000) = 54000

x = 54000

z would be:

12000 + 54000 + z = 81000

z = 15000

8 0
3 years ago
In 2018, Glumland's planned investment was $100 billion and its actual investment was $140 billion. In 2018, Glumland's unplanne
nekit [7.7K]

Answer:

The correct answer is (A)

Explanation:

Glumland's planned investment was $100billion before they started the business. During the period, the investment increased from $100billion to $140 billion. So, the difference between planned and actual investment is;

$140 b - $ 100b = $40 b

The difference is $40 billion, which is also the unplanned inventory because unplanned inventory is the difference between planned and actual cost or investment.

4 0
3 years ago
What do you think are the main pros and cons of conservatism in financial accounting?
Artemon [7]

Answer:

Negative revenues fully reflect the entire profit during the time they occur. When working under the principle of conservatism in financial accounting, there is an asymmetric timeline of profits.

5 0
3 years ago
g Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of r
NemiM [27]

Answer:

I will pay $1,207.56 for this bond.

Explanation:

Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:

According to given data

Coupon payment = C = $37.5

Number of periods = n = 4 x 15 years = 60 periods

Current Yield = r = 12% / 4  = 3% semiannually

Price of the Bond = $37.5 x [ ( 1 - ( 1 + 3% )^-60 ) / 3% ] + [ $1,000 / ( 1 + 3% )^60 ]

Price of the Bond = $37.5 x [ ( 1 - ( 1.03 )^-60 ) / 0.03 ] + [ $1,000 / ( 1.03 )^60 ]

Price of the Bond = $1,037.83 + $169.73

Price of the Bond = $1,207.56

3 0
4 years ago
Web World began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming
creativ13 [48]

Answer:

768,000

Explanation:

Year 1: 600,000

Year 2: 828,000/1.10=752,727

(600,000+ x)=752,727

x=152,727

152,727*1.10=168,000+600,000=768,000

7 0
4 years ago
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