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ryzh [129]
3 years ago
9

Pace Co. borrowed $10,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-

day year. How much interest would Pace have to pay in a 30-day month?
Business
1 answer:
mars1129 [50]2 years ago
8 0

Answer:

Explanation:

Amount of interest need to paid is 30 day month

= 10000×(1.075)×30/360 = 60.42

Simple interest formula is

Interest for year is = 10000×7.5% = 750

Per month is = 750×30/360 = 60.42

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Answer and Explanation:

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(Being Derr's investment is recorded)

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Activities performed by an applicant after an interview intended to express continued interest in employment with the
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Generally, revenue from sales should be recognized at a point when
qaws [65]

Answer:

D. none of these answer choices are correct.

Explanation:

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In this, it does not depend on cash transactions.  

Hence, the option D is correct

3 0
3 years ago
When a company expands by entering new business areas, it is called growth through __________?
garri49 [273]
When a company expands by entering a new business area, it is called growth through diversification. 

Diversity is the means of being different, new, exciting.. something not like another. When a business enters something new, it's called diversification because it's not like what they've done before. With this comes risk but huge growth potential.
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Davidson has the following transactions during​ January: Credit sales of​ $150,000, collections of credit sales of​ $83,000, and
Andrews [41]

Answer:

$20,000

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When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

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