Answer: Friendly's would say that you were paying an APR of 1485.71%.
We arrive at the answer as follows
First we calculate the dollar interest on the $7 loan and the rate of interest.


This 28.5714% interest is for a loan that lasts for one week.
Since a year has 52 weeks, we can find the APR as
.
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Because no one would hire someone with a messed up résumé having a effectively disturbed résumé would leave a good first impression I believe.
Answer: (B) Excludability
Explanation: This implies that a customer can be excluded from the use of certain goods or services if they refuse to pay the seller, for example if at the cinema the consumer does not pay for the ticket, they will not receive ticket and cannot enter the cinema.
Answer: c) $3,460
Explanation:
The 190 units that were sold were part of 250 units inventory in stock as @May 1.
The cost price of the 250 units was $10 per units. Therefore, the total cost of 190 units sold = 190 x 10 = $1,900.
Secondly, the 140 units that were sold on May 24 comprises 60 units of the 250 units with cost price of $10 per unit and 80 units of the 270 units with cost price $12.
Therefore, total cost of 60 units = 60 x 10 = $600
And total cost of 80 units = 80 x 12 = $960
The total cost of goods sold = $1,900 + $600 + $960
= $3,460
<em>The cost assigned to cost of goods sold using FIFO is $3,460</em>
Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.