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
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>

You might be interested in
It is always desirable to have a higher compounding frequency, regardless of the initial investment or the time horizon. True Fa
Katena32 [7]

Answer:

The answer is given below

Explanation:

Compounding frequency is the number of times the interest is paid in a year. A higher compounding frequency for a investment with the same initial investment and time horizon would produce more interest and profit as compared to that with a lower compounding frequency. But for a smaller initial investment or less time horizon of higher compounding frequency as compared to larger initial investment or more time horizon of lower compounding frequency, that of the lower compounding frequency is more desirable because it would produce more interest.

5 0
3 years ago
After jeremy has made his sales presentation and answered the prospect's objections, he says, "when would you like to take deliv
antoniya [11.8K]
After Jeremy has made his sales presentation and answered the prospect's objections, he says, "When would you like to take delivery of the copier?" This is called a trial closing. <span>A Trial Close is not a normal 'closing technique' but a test to determine whether the person is ready to close. It is use after a presentation or after a strong selling point had made or when to answer objections.</span>



6 0
3 years ago
One of the operations in the United States Postal Service is a mechanical mail sorting operation. In this operation, letter mail
sineoko [7]

Answer:

Detailed solution is given below:

8 0
3 years ago
Says that the quantity demanded of a good folls when the price of 1 point the good rises.
Vedmedyk [2.9K]

Answer:

B) The Law of Demand

Explanation:

The correlation between the volume demanded, and the price of a good is explained by demand law. As per this law, price and the quantity demanded have an indirect or inverse relationship. An increase or decrease in price results in quantity demanded moving in the opposite direction.

Should the prices of a product or service increase, its demand falls.

8 0
3 years ago
Rufus Inc. and Hardy Company are negotiating a nontaxable exchange of business properties. Rufus’s property has a $50,000 tax ba
Norma-Jean [14]

Answer:

Which party to the exchange must pay boot to make the exchange work?

  • Rufus must pay boot since the FMV of its property is less than the FMV of Hardy's property.

How much boot must be paid?

  • $90,000 - $77,500 = $12,500

Assuming the boot payment is made, how much gain or loss will Rufus realize and recognize on the exchange, and what tax basis will Rufus take in the property acquired?

  • Rufus doesn't have any gain, and the tax basis for the new asset will be $50,000 + $12,500 = $62,500

Assuming the boot payment is made, how much gain or loss will Hardy realize and recognize on the exchange and what tax basis will Hardy take in the property acquired?

  • Since Hardy's property basis is $60,000 and it would be receiving $50,000 (Rufus's property) + $12,500 = $62,500, then it must recognize a $2,500 gain. The basis of Hardy's new property will be $62,500.
8 0
3 years ago
Other questions:
  • Wang Company accumulates the following adjustment data at December 31. For each item, indicate the:
    11·1 answer
  • Park &amp; Company was recently formed with a $5,400 investment in the company by stockholders. The company then borrowed $2,400
    15·1 answer
  • If during the process of negotiating a transaction a real estate licensee discourages a buyer from seeking legal advice on the g
    12·1 answer
  • Ted owns a small florist shop. Since his business is booming, his realizes he will soon need one more delivery van. He decides h
    6·1 answer
  • A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b
    8·2 answers
  • Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?
    8·1 answer
  • In 1969, Malcolm bought a Pontiac Firebird for $2,500. If the price index was 36.7 in 1969 and the price index was 235 in 2013,
    14·1 answer
  • A person has a comparative advantage in activity X when that person's: O opportunity cost of performing that activity is very hi
    14·1 answer
  • Magna Carta was the result of the king's disastrous foreign policy and overzealous financial administration. John had suffered a
    13·2 answers
  • If an advertiser wants to enhance the sales of a specific good or service, institutional advertising should be used. Select one:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!