David borrowed $30,000 to start a business. Four years later, he repaid the $30,000 along with an interest of $1,260. What was the annual interest rate?.
Answers
To determine the annual interest rate, we can use the formula for simple interest:
Interest = Principal × Rate × Time
In this case, the principal (P) is $30,000, the interest (I) is $1,260, and the time (T) is 4 years. We want to find the annual interest rate (R).
Substituting the given values into the formula, we have:
$1,260 = $30,000 × R × 4
Now we can solve for the annual interest rate (R). First, divide both sides of the equation by $30,000 × 4:
$1,260 / ($30,000 × 4) = R
Simplifying the right side of the equation gives:
$1,260 / $120,000 = R
Now, divide $1,260 by $120,000:
0.0105 = R
Therefore, the annual interest rate is 0.0105 or 1.05%.
The annual interest rate is 1.05%. This means that for every year the $30,000 loan is outstanding, David is charged 1.05% of the loan amount as interest. Over the course of four years, the interest accumulated to $1,260. It's important to note that this is a simple interest calculation, which assumes that the interest is not compounded over time. If compounding were involved, the calculation would be different.
To know more about Interest visit-
brainly.com/question/14295570
#SPJ11
Related Questions
BOVE
Part C
Research online and Identify at least five skills that an administrator working for an automobile dealership would need. You can refer to job
descriptions provided by recruitment agencies. How do you think these skills will help newly appointed administrators to perform their job?
Answers
Answer:
Here are five key skills that an administrator in an automobile dealership would need:
Communication/interpersonal skills: Administrators would have to work with clients that come in for test drives. Having good interpersonal skills would help them respond to customers’ queries more effectively. A friendly and outgoing personality would make them more approachable for the customers. An ability to speak and understand multiple languages would help an administrator deal with customers who are not fluent in English. An administrator must be able to communicate effectively, both verbally and through nonverbal cues.
Organizational skills: Administrators need to be well organized in their work involving customers. They would be required to schedule and organize test drives, arrange meetings, keep a record of customers’ documents, handle car insurance matters, and provide other assistance to customers.
Prioritize: Administrators would have to handle several tasks (described earlier), so they should be able to prioritize and schedule tasks effectively.
Manage: An administrator would have to manage the daily operations, such as ensuring that customers submit authentic documents, making appointments, and scheduling test drives. The administrator is also responsible for managing employee behavior, safety, and compliance with the company’s policies.
Reasoning and mathematical skills: An administrator would need to have above-average mathematical skills in order to maintain the company’s accounts dealing with sales and servicing. The person would need logical reasoning skills to facilitate decision making and process management.
Explanation:
PLATO
What advice have you heard or been given about buying cars?
Answers
Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answers
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
Can someone write a song for me please I want to make the name called by my side please write something
Answers
Answer:
I don't know much abt songs. but I hope u get it.
If Vito, Inc. has an inventory turnover ratio of 5 times, then its average days to sell inventory must be ______.
Answers
The average days for Vito, Inc to sell inventory must be 73 days.
What is inventory turnover ratio?Inventory turnover is the rate that inventory stock is sold, or used, and replaced. It shows many times a company has sold and replaced inventory during a given period.
Given the above information,
Average days to sell inventory = 365 days / Inventory turnover ratio
Average days to sell inventory = 365 / 5
Average days to sell inventory = 73 days
Hence, the average days for Vito, Inc to sell inventory must be 73 days.
Learn more about inventory turnover ratio here : https://brainly.com/question/25266694
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
If you were advising a local brewer/pub, about how to set itself apart from rivals, you would most likely recommend that the company:_____.
Answers
If you were advising a local brewer/pub, about how to set itself apart from rivals, you would most likely recommend that the company should mimic the successful strategies of rivals.
Why should the company emulate the successful strategies of rivals?The company emulate the successful strategies of rivals so as to be able to be successful as the rival, because every successful; business posses the strategy that is been used.
Therefore, If you were advising a local brewer/pub, about how to set itself apart from rivals, you would most likely recommend that the company should mimic the successful strategies of rivals.
Learn more on rivals at:
https://brainly.com/question/3752408
#SPJ1
Under what conditions should a sponsor approve a project change, and when is it okay for the project manager to authorize a change? a. Sponsor approval is needed if a change requires additional funding; a project manager is generally authorized to make most other decisions b. Sponsor approval is needed only if the project manager is not available c. Sponsor approval is always needed d. Sponsor approval is needed if a change requires a change to the project charter; a project manager is generally authorized to make most other decisions
Answers
Answer:
never
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
i need help with Question B5 (a) short essay. im completely lost please help me :(
Answers
Which of these is a disadvantage to only using cash to make purchases?
Answers
Cash advances require a lot of paperwork and are generally difficult to get is a disadvantage to only using cash to make purchases.
cash is felony gentle—forex or coins—that may be used to change items, debt, or offerings. every so often it also includes the fee of belongings that may be effortlessly converted into cash immediately, as reported with the aid of an employer.
Cash is the quantity of real cash an enterprise has at its disposal. it's miles are labeled on the balance sheet as a modern asset, which means it's miles in all likelihood for use within the subsequent 365 days, and is commonly held in bank money owed. money or its equal (consisting of a check) paid for goods or services at the time of purchase or delivery. coins. it's a shop of price. coins is extra than only a charge instrument. It permits humans to preserve money for saving functions without default chance. it is useful for a small man or woman-to-character presents and bills.Learn more about cash here: https://brainly.com/question/24179665
#SPJ1
Disclaimer: The question is incomplete. Please read below to find the missing content.
Which of the following is not a disadvantage to cash advances on a credit card?
a.
Cash advances are similar to loans in that they need to be paid back with interest.
b.
Cash advances require a lot of paperwork and are generally difficult to get.
c.
Cash advances are often the last thing to be paid when paying off your credit card.
d.
Cash advances often come with an interest rate much higher than your credit card.
The primary use of assessment centers is to identify whether employees have the personality characteristics, administrative skills, and interpersonal skills needed for managerial jobs.
Answers
Assessment centers are mainly used to identify whether employees have the personality characteristics, administrative skills, and interpersonal skills required for managerial jobs.
It is one of the most commonly used techniques for the selection of potential employees. The process of assessment centers is known for being highly structured and standardized. The process mainly includes job-related simulations, which are designed to assess candidates in areas such as teamwork, communication, problem-solving, leadership, and decision-making. Other activities that are carried out during the assessment center process may include in-basket exercises, role-playing, group discussion, case studies, and presentations.
It is essential to evaluate candidates objectively, so a standardized set of rating scales is used to assess their performance across various dimensions. Hence, the primary use of assessment centers is to identify whether employees have the personality characteristics, administrative skills, and interpersonal skills needed for managerial jobs.
More on Assessment centers: https://brainly.com/question/32631379
#SPJ11
say hi and i give u 94 ranking points
Answers
hi rtgijriomcfrcrecgtrcgetrgretrtrct
Answer:
hi
Explanation:
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
Answers
Answer:
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
answer is B
The selling approach that is recognized direct and lays emphasis primarily on persuading the buyers about the need of the item would be:
D). Personal selling.
'Personal selling' is described as the selling approach in which the seller hires salesmen to get their products sold directly to the customers. In this technique, the salesman personally interacts with the consumers and uses his/her communication or other skills to convince them about the quality and the worth of the product. They often practically show the effects of the product to the consumers so that they are persuaded to buy it and they can make a maximum sale.Thus, option D is the correct answer.
Learn more about 'selling' here:
brainly.com/question/20687505
How much interest will an account earn if you deposited \( \$ 615 \) at the end of every six months for 10 years and the account earned \( 3.00 \% \) compounded semi-annually? Round to the nearest cen
Answers
A. The interest earned on the account can be calculated using the formula for compound interest.
B. The formula for compound interest is given by:
\[ A = P \left(1 + \frac{r}{n}\right)^{nt} - P \]
where:
- \( A \) is the final amount or balance in the account
- \( P \) is the principal amount or the initial deposit
- \( r \) is the interest rate (in decimal form)
- \( n \) is the number of compounding periods per year
- \( t \) is the number of years
In this case, the principal amount \( P \) is \$615, the interest rate \( r \) is 3.00% (or 0.03 in decimal form), the compounding periods per year \( n \) is 2 (since it is compounded semi-annually), and the number of years \( t \) is 10.
Substituting these values into the formula, we can calculate the final amount and then subtract the principal amount to find the interest earned.
To know more about principal amount , visit
https://brainly.com/question/27054498
#SPJ11
What detail most clearly develops the central idea in the first question you answered?
Group of answer choices
"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)
“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)
"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)
“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)
braiiest
Answers
The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).
What can be said of the Malaria pathogen?The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.
This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.
This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.
Find out more on the malaria pathogen at https://brainly.com/question/20113211
#SPJ1
The market rate of interest is higher than the stated rate of interest on bonds issued by Dax, Inc. At what amount will the bonds be issued?
a. At a premium
b. More information is needed to determine the answer.
c. At an amount lower than face value
d. At an amount higher than face value
Answers
The market rate of interest is higher than the stated rate of interest on bonds issued by Dax, Inc. c. At an amount lower than face value.
When the market rate of interest is higher than the stated rate of interest on bonds, the bonds will be issued at an amount lower than face value. This situation is commonly known as issuing bonds at a discount. The reason behind this is that investors are willing to pay less for the bonds since the stated rate of interest is lower than what they could earn from other investments at the prevailing market rate.
As a result, the bonds are issued at a price below their face value, with the discount representing the difference between the face value and the lower issue price. This discount compensates investors for the lower interest payments they will receive compared to other investment opportunities.
Learn more about face value here: brainly.com/question/32159746
#SPJ11
Suppose that Canada can produce 100,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek, while Germany can produce 90,000 hockey sticks or 10,000 gallons of maple syrup in a typical workweek. From these numbers, we can conclude:
A. Canada has a comparative advantage in the production of hockey sticks.
B. Germany has a comparative advantage in the production of hockey sticks.
C. Canada has an absolute advantage in the production of maple syrup.
D. Germany has an absolute advantage in the production of maple syrup.
Answers
Answer:
A. Canada has a comparative advantage in the production of hockey sticks.
Explanation:
The computation is shown below:
For Canada
The Opportunity cost of Hockey is
= 10000 ÷ 100000
= 0.1 gallons of maple syrup
For Germany
The Opportunity cost of Hockey is
= 10000 ÷ 90000
= 0.11 gallons of maple syrup
So based on this, the option A is correct
And, the same is to be considered
Therefore all the other options would be wrong
The CDC for hospitals and healthcare facilities to improve
Answers
The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.
What are the Centers for Disease Control and Prevention?The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.
Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.
Thus, CDC helps in improving the plans and functions efficiently to handle surges.
Learn more about CDC:
https://brainly.com/question/15887044
#SPJ1
Compose two paragraphs that predict the impact this tax cut and increased funding for unemployment insurance will have on the following: the economy as a whole individuals other government programs the government debt Be sure to justify your predictions, use proper grammar, and include topic sentences, an introduction, a conclusion, and information from the video.
Answers
Answer:
Extending the cut to payroll taxes will have a positive impact on the economy as a whole. With the continued decrease in the tax rate, people will have more money to spend more on goods and services. This will encourage businesses to hire more workers and will reduce unemployment. The economy will experience a boost, and recovery will take place. This tax cut will add an extra $40 to the average paycheck. People might use the extra income for rent, groceries, or gas.
Increased funding for unemployment insurance will ensure that eligible unemployed individuals will continue to get unemployment compensation. The extended unemployment compensation will lead to more production in the economy, which will help reduce government debt. An increase in production will lead to an increase in employment and output. When production increases, individuals’ incomes also increase, so the government will collect more income taxes to fund repayment of its debt.
Explanation:
PLATO
Answer:
The tax cut and the increased funding of unemployment insurance will benefit the economy as a whole. As unemployment rise, fewer people are going to have money to buy goods therefore, businesses will have less money to hire workers. This will not be fixed if there weren't any unemployment insurance. With unemployment money, people are going to buy more and the economy will boost. This not only benefits individuals but the economy as a whole. However, this may increase government debt and may have decrease funding to other government programs.
Explanation:
This is not from plato or edmentum. I typed it myself
required: compute apple’s profit margin for fiscal years ended (a) september 29, 2018, and (b) september 30, 2017. is apple’s profit margin on a favorable or unfavorable trend? in 2018, did apple’s profit margin outperform or underperform the industry (assumed) average of 12%?
Answers
Apple's profit margin has outperformed. Apple's profit margin is on the rise.
Profit margin= net income/ total sales
September 29, 2018= 22.4%
September 30, 2017= 21.1%
(b) Given that it had a net profit margin ratio of 21.17 percent in 2017 and increased by 1.2% by 2018, Apple's profit margin is on the rise.
What is a fiscal year?
A financial year is a time period that is described in governmental accounting. It is sometimes referred to as a fiscal year or a budget year. It is frequently employed to lay out a nation's budget. Typically, a nation's fiscal year won't coincide with the conventional calendar year. Because of this, the nations that use this system typically have tax laws that demand that accounting records be kept and maintained and that taxes be computed and assessed in accordance with the fiscal year that has been established by the government.
To know more about fiscal year visit:
https://brainly.com/question/15875620
#SPJ4
the grange was an organization that a. pushed for railroads to acquire more land in the west. b. established cooperatives for storing and marketing farm output. c. sought to raise railroad rates. d. focused its efforts on child labor laws. e. opposed government regulation of shipping charges.
Answers
b. established cooperatives for storing and marketing farm output.
The Grange is built on the value of farms and rural communities. The Grange supports individuals, particularly farmers, by establishing cooperatives for farm storage and marketing.
What was the primary driver behind the Grange's decision to apply pressure to state governments over agricultural issues?As farmers continued to accumulate debt, their lot in life did not get any better.Railroads benefited farmers by transporting their produce to new markets, but they also damaged them by imposing exorbitant shipping costs.The Grange, also known as the Patrons of Husbandry, was established in 1867 to enhance agricultural techniques and to support the social and economic needs of American farmers.This last effort, which was very expensive and ineffective, caused the Grange movement to fail (circa 1879). Despite the fact that the organization failed.To learn more about Grange organization refer to:
https://brainly.com/question/10368390
#SPJ4
Why are banks susceptible to potential bank runs? a. Banks have short business hours and customers have difficulty accessing their funds after hours.b. Banks keep only fractional funds available much higher customer demand to withdraw funds in a short period of time may generate customer panic. c. Banks make many conservative loans at high interest rates, but pay low interest rates to depositors. d. Banks that are not competitive compared to others.
Answers
Banks susceptible to potential bank runs B.Banks keep only fractional funds available, a much higher customer demand to withdraw funds in a short period may generate customer panic.
All banks are powerless against bank runs since banks just hold a little level of stores, so on the off chance that there is a monetary emergency, there is generally the chance of banks running out of capital when individuals are pulling out their stores.
A bank run set off by dread that drives a bank into genuine indebtedness addresses an exemplary illustration of an unavoidable outcome. The bank takes a chance with default, as people continue to pull out reserves. So what starts as a frenzy can ultimately transform into a genuine default circumstance.
Hence option (B) is correct.
Learn more about potential bank:
https://brainly.com/question/14359310
#SPJ4
You are creating a budget for your new business. What should you include?
A. All income and expenses.
B. Fixed expenses but not income.
C. Income but not variable expenses.
D. Fixed and variable expenses but not taxes.
Answers
Answer:
A
Explanation:
You should include all income and expenses because you need to know the value of the business and the amount of money you'll have to spend after you have deducted all the expenses and added all the incomes of the business.
the amount of a unit’s sales price that helps to cover fixed expenses is its ________. group of answer choices stepped cost variable cost contribution margin profit
Answers
The amount of a unit's sales price that helps to cover fixed expenses is its contribution margin.
Contribution margin is the portion of the sales price that remains after subtracting variable costs. It represents the amount that contributes towards covering fixed expenses and generating profit. The contribution margin can be calculated using the following formula:
Contribution Margin = Sales Price - Variable Costs
Conclusion: The contribution margin plays a crucial role in determining a unit's ability to cover fixed expenses. By subtracting the variable costs from the sales price, we can identify the amount that remains to contribute towards covering fixed expenses and generating profit. Therefore, the contribution margin is the correct answer to the given question.
To know more about Contribution margin visit:
brainly.com/question/29569355
#SPJ11
Which one of the following announcements is most apt to cause the price of a firm'sstock to increase?11)A)An unpopular CEO unexpectedly announced he is resigning effective immediately.B)The firm met its quarterly earnings forecast.C)Analysts are expected to lower the firm's credit rating on its debt.D)A firm officially confirmed the rumors that it is merging with a competitor.E)The firm just lowered its projected earnings per share for next year.
Answers
The risk that is unique to a particular business or industry is known as unsystematic risk. Nonsystematic risk, specific risk, diversifiable risk, and residual risk are all other names for it. Diversification can cut down on unsystematic risk in an investment portfolio, whereas systematic risk is the risk that comes with the market.
The unpredictability of an investment in a company or industry is an example of unsystematic risk. A new competitor in the market with the potential to take a significant share of the market from the company that was invested in, a regulatory change that could reduce sales, a management change, or a product recall are all examples of unsystematic risk.
While financial backers might have the option to expect a few wellsprings of unsystematic gamble, it is almost difficult to know about all dangers. An investor in healthcare stocks, for instance, might be aware that a significant shift in health policy is imminent, but they might not fully comprehend the specifics of the new laws or how consumers and businesses will react.
To know more about unsystematic risk visit https://brainly.com/question/29303950?referrer=searchResults
#SPJ4
A career as a counselor would be a good fit for someone who enjoys working with data.
True
False
Answers
Answer:
True
Explanation:
True Counselors use data to help guide you.
investment equals inventory investment added to group of answer choices business purchases of new capital goods. purchases of new residential housing. government investment. business purchases of new capital goods and purchases of new residential housing. previousnext
Answers
Investment equals inventory investment added to government investment.
Stock is the products or materials a commercial enterprise intends to sell to customers for earnings. Stock management, a vital detail of the delivery chain, is the tracking of inventory from manufacturers to warehouses and from those facilities to a point of sale.
The principle characteristic of inventory is to provide operations with ongoing delivery of materials. To acquire this function efficiently, your commercial enterprise should try to discover a candy spot among an excessive amount of and too little, without ever jogging out of inventory.
Powerful stock management and manage protect from wrong or broken items being shipped to customers. This helps improve purchaser enjoyment, protect from issues including refunds, and acquire extra repeat shoppers.
Learn more about inventory here https://brainly.com/question/25014592
#SPJ4
At what 2 levels does the auditor assess the risk of material misstatement?
Answers
Why do you think it’s important to find a career that matches your personality? Come up with an example (real or made-up) of a person who has a career/personality conflict and explain what might be some negative consequences of having a career that doesn’t match your personality traits.
Answers
true or false? share capital is the amount of money a company pays to its shareholders in the form of dividends and increased share value.
Answers
A company's share capital is the money it gets from selling common or preferred stock. With additional public offerings, a company's share capital or equity financing can fluctuate over time.
Depending on the context, the term "share capital" can mean slightly different things. The definition used by accountants applies to public company balance sheets and is much more narrow. It refers to the company's total revenue from share sales.
Share capital is what kind of capital is it?
Equity share capital and preference share capital are the two types of share capital. Equity share capital is obtained through investor funding, whereas preference share capital is obtained through preference share issuance.
To learn more about share capital here
https://brainly.com/question/3671242
#SPJ4