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antoniya [11.8K]
3 years ago
12

Your little sister Tiffany is beginning to cause you some concern. She wants to borrow $480 from you today and promises to pay y

ou $500 in one year. You earn 3% on your deposits. Disregarding what your 9 year-old sister would need $480 for, would this be a good loan for you to make?
Business
1 answer:
Ulleksa [173]3 years ago
3 0
Answer:

No, I don’t think this would be a good loan to make. Even if your sister means the world to you and you believe giving her that amount of money must be for a good cause… you should find out what the loan is for. After all, your sister is a 9 year-old.

Hope it helped! Have a good day.
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Global Enterprises has spent $134,000 on research developing a new type of shoe. For this shoe to now be manufactured, the firm
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Answer:

Which one of these correctly identifies the sunk costs?

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Explanation:

Sunk costs are costs that have already been spent and cannot be recovered by the company. In this case, only the research and development costs can be considered a sunk cost. The land has a market value and if the company decides to sell it, they would get paid for it. Additional investments or costs have not been incurred yet, so they are only planned or estimated costs.  

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What increases your total loan balance Interest Accrual Interest capitalism Both interest accrual interest capitalism None of th
Phantasy [73]

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Both interest accrual and interest capitalism

Explanation:

The total loan balance increases due to "Both interest accrual and interest capitalism"

This is because INTEREST ACCRUAL on a loan is capitalized, which implies that it will be added to the principal balance, therefore increasing the total loan balance.

Similarly, the INTEREST CAPITALISM occurred when a loan repayment period is missed, therefore, the amount missed is capitalized which in turn increases the total loan balance.

5 0
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BlackZzzverrR [31]

Answer: total wage per week = $7.56 (assuming he worked for 52 weeks and produced those units in a year)

Explanation:

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