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kramer
2 years ago
14

To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Fi

nd the APR.
Business
1 answer:
ser-zykov [4K]2 years ago
8 0

The annual percentage rate is 11.19%.

Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.

.

  • The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,

<u>Given data</u>

Net Proceed = $63,159.72

Maturity Value = $68,000

Period of Note = 250 days

APR = ($68,000 / $63,159.72 - 1) * (365 / 250)

APR = 0.076636 * 1.46

APR = 0.1119

APR = 11.19%

Therefore, the annual percentage rate is 11.19%.

See similar solution here

<em>brainly.com/question/19636374</em>

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Click and drag the term to correspond with its correct definition. Not all terms will be used. Corporate action in which one com
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Explanation:

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6 0
2 years ago
What is the effect of declaring a stock dividend on the liabilities and stockholders' equity section of the balance sheet? a.A d
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An increase in total liabilities and a decrease  in stockholders' equity

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8 0
3 years ago
A front desk clerk at a ReView Hotel receives a call from a ReView Gold Rewards Member guest complaining that the wireless Inter
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The desk clerk should offer the guest the use of the lobby wireless, which the clerk knows to be problem-free, along with a discount.

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4 0
3 years ago
Read 2 more answers
A company sold land, investments, and issued their own common stock for $11 million, $15 million, and $21 million, respectively.
Alborosie

Answer:

Net cash flow from investing activities: $20 million

Net cash flow from financing activities: $19 million

Explanation:

a. Calculation for flow from investing activities

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Purchase of equipment (2)

Purchase of patent (4)

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