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r-ruslan [8.4K]
2 years ago
10

Khalil Hamid Ali borrowed $12,000 and paid $1,890 in exact interest when the loan came due 11 to 2 years later. What rate of int

erest did Khalil pay?
Business
1 answer:
MatroZZZ [7]2 years ago
8 0

The rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Data and Calculations:

Amount borrowed = $12,000

Interest paid = $1,890

Time period = 1.5 years

Rate of interest = 10.5% ($1,890/$12,000 x 1/1.5)

Thus, the rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>

Learn more about rate of interest here: brainly.com/question/25545513

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What is a "social cost" of production?
alexgriva [62]
Sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
6 0
3 years ago
Gould Enterprises sells computer disks for $1.50 per disk. Unit variable expenses total $0.90. The breakeven sales in units are
Lera25 [3.4K]

Answer:

1,300 units

$1,950

Explanation:

The computation of margin of safety in units is given below :-

Margin of safety in units = Budgeted sales in units - Break-even sales in units

= 4,300 units - 3,000 units

= 1,300 units

The computation in dollars of safety is given below :-

Margin of safety  in dollars = Margin of safety in units × Selling per unit

= 1,300 × $1.50

= $1,950

4 0
3 years ago
I am currently stuck on an application question on why I left my job. How would I awswer this question if I worked at an amuseme
finlep [7]

Answer:

Give the reasons that you wrote

Explanation:

If I were you I would put the reasons that you wrote above but just make it sound more professional. Ex: I left my job at (name of amusement park) in (month) of (year) due to health issues.

5 0
2 years ago
PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] During the current year, Rayon Corporation disposed
sasho [114]

Answer:

Machine A entries

Debit Other income/disposal account (p/l)  $60,000

Credit Asset account $60,000

Being entries to derecognize the cost of the Machine A

Debit Accumulated depreciation account  $28,000

Credit Other income/disposal account (p/l)  $28,000

Being entries to derecognize the accumulated depreciation on Machine A

Debit Cash account  $33,500

Credit Other income/disposal account (p/l)  $33,500

Being entries to record the amount received from the disposal of machine A

<u>Machine B entries</u>

Debit Other income/disposal account (p/l)  $14,200

Credit Asset account $14,200

Being entries to derecognize the cost of the Machine B

Debit Accumulated depreciation account  $7,365

Credit Other income/disposal account (p/l)  $7,365

Being entries to derecognize the accumulated depreciation on Machine B

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)

Credit Asset account

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

7 0
3 years ago
6) Una escuela tiene un total de 475 estudiantes. Se quiere extraer una muestra de 80. Explica en detalle cómo se obtiene dicha
kap26 [50]

Answer:

Check Explanation

Comprobar Explicación

Explanation:

English Translation

A school has a total of 475 students. We want to extract a sample of 80. Explain in detail how this sample is obtained by random sampling.

Solution

In random sampling, each member of the population has an equal chance of being surveyed or an equal chance of being a member of the sample.

For this Question, it will mean that each of the 475 students would have an equal chance of being part of the sample of 80 students. To use random sampling for this particular scenario, we would give all the students numbers from 1 to 475, we would then use a computer program to generate 80 random student numbers.

We could also put all the number in a bowl and randomly select 80 numbers from 475, that way, the sampling method would be as random as can be.

In Spanish/En español

En el muestreo aleatorio, cada miembro de la población tiene la misma probabilidad de ser encuestado o la misma probabilidad de ser miembro de la muestra.

Para esta pregunta, significará que cada uno de los 475 estudiantes tendría las mismas posibilidades de ser parte de la muestra de 80 estudiantes. Para usar el muestreo aleatorio para este escenario particular, le daríamos a todos los estudiantes números del 1 al 475, luego usaríamos un programa de computadora para generar 80 números de estudiantes al azar.

También podríamos poner todos los números en un tazón y seleccionar aleatoriamente 80 números de 475, de esa manera, el método de muestreo sería lo más aleatorio posible.

Hope this Helps!!!

¡¡¡Espero que esto ayude!!!

7 0
3 years ago
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