Johnny Rockefeller had a bad credit rating and went to a local cash center. He took out a $100.00 loan payable in two weeks for $109.50. What is the percent of interest paid on this loan?

Answers

Answer 1

15% of interest paid on this loan. We are given that Johnny Rockefeller had a bad credit rating and went to a local cash center.

Loan amount of Johnny Rockefeller = $100

He paid the amount  in the  two weeks = $115

Amount of interest paid = $115-$100=$15

Let x% is  rate of interest.

So, the x% times 100 = 15

x = 15

So, 15% of interest paid on this loan.

What is the amount of hobby paid on a loan?

The hobby rate is the quantity a lender expenses a borrower and is a share of the principal—the quantity loaned. The activity rate on a mortgage is generally stated on an annual basis recognized as the annual share rate (APR).

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Related Questions

In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly on training and technical support for your products. You and your team have a made a firm commitment to improve this situation immediately using digital media.


Which of the following digital media tactics should you implement to most effectively address this issue for your customers?


a. You should establish one email address that customers can use to send emails about their problems with your products.

b. You should set up a video-sharing site where customers can upload videos of themselves explaining their problems with your products.

c. Start a blog for marketers to explain how much time and money the firm spends on training and technical support.

d. You should create a series of product demonstration podcasts for your customers to access online at their convenience.

e. You should create a virtual site for your customers to interact in a three-dimensional world.

Answers

Answer:

A. You should establish one email address that customers can use to send emails about their problems with your products.

Find the interest rate, I, on a given security that costs $100 and that will return $150 after 10 years.

Answers

Answer:

Rate = 6.666%

Explanation:

First, the formula of the simple interest rate is:

R = I/PT x 100%

Put in the numbers:

R = $100/($150 x 10 years) x 100%

Then calculate:

R = $100/$1500 x 100%

R = 100/15%

R = 6.666%

On March 4 of the current year, Barefoot Bay, Inc. reacquired 5,000 shares of its common
stock at $89 per share. On August 7, Barefoot Bay sold 3,500 of the reacquired shares at $100
per share. The remaining 1,500 shares were sold at $88 per share on November 29.
Required (10 points)
(a) Journalize the transactions of March 4, August 7, and November 29.
(b) What is the balance in Paid-In Capital from Sale of Treasury Stock
on December 31 of the current year?

Answers

A. When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited.

B. The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.

(a) Journal entries for the given transactions: March 4, 2021: When the company reacquires its own stock from the market, Treasury Stock is debited, and Cash is credited. So, in this transaction, the Treasury Stock account is debited and the Cash account is credited by $445,000.

The journal entry to record this transaction is Treasury Stock $445,000 Cash $445,000 August 7, 2021: When the company sells the treasury stock, the Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.

On August 7, Barefoot Bay sells 3,500 shares at $100 each. Thus, in this transaction, the Cash account is debited by $350,000 ($100 × 3,500), the Treasury Stock account is credited by $311,500 ($89 × 3,500), and Paid-In Capital from the Treasury Stock account is credited by $38,500 [($100 - $89) × 3,500].

The journal entry to record this transaction is: Cash $350,000Treasury Stock $311,500Paid-In Capital from Treasury Stock $38,500 November 29, 2021:When the remaining treasury stock is sold, Cash account is debited, Treasury Stock is credited, and the difference between the two is credited to Paid-In Capital from Treasury Stock account.

On November 29, Barefoot Bay sells the remaining 1,500 shares at $88 each. Thus, in this transaction, the Cash account is debited by $132,000 ($88 × 1,500), the Treasury Stock account is credited by $133,500 ($89 × 1,500), and Paid-In Capital from the Treasury Stock account is credited by $1,500 [($88 - $89) × 1,500]. T

he journal entry to record this transaction is: Cash $132,000Treasury Stock $133,500Paid-In Capital from Treasury Stock $1,500

(b) The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000 ($38,500 + $1,500).

The Paid-In Capital from the Sale of the Treasury Stock account is credited with the difference between the sale price and the purchase price of the treasury stock sold. The difference is multiplied by the number of shares sold and then credited to Paid-In Capital from the Sale of the Treasury Stock account.

Finally, the balance of this account is transferred to the Retained Earnings account at the end of the year. Here, 3,500 shares were sold for $100 per share, and the remaining 1,500 shares were sold for $88 per share.

Therefore, the total amount credited to the Paid-In Capital from the Treasury Stock account will be $40,000 ($38,500 + $1,500). The balance in Paid-In Capital from the Sale of Treasury Stock on December 31 of the current year will be $40,000.

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what changes in experiment are found to have made a difference, this type of validity is established

Answers

The best forms of changes in experiments that contribute to strong validation is:

Internal Validity. Internal validity investigates whether the study design, methodology, and analysis provide unbiased answers to the research questions

What is an experiment?

An experiment is a technique that is carried out to support or deny a hypothesis, or to test the efficacy or probability of something that has never been done before.

Experiments shed light on cause-and-effect relationships by revealing what happens when a certain element is changed.

What re the various kinds of validity?

The following are various types of validity:

Validity on the surface.Validity of contentValidity of constructionInternal consistency.External credibility.Validity of statistical conclusionsValidity based on criteria.

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Which is an example of a high-risk investment?

Answers

Answer: house loans

Explanation:

The examples of high-risk investments include: Stock and mutual fund. The correct option is A and E.

High-risk investments refer to financial ventures or assets that have a higher potential for significant losses or volatility compared to more conservative investment options. These types of investments typically offer the possibility of higher returns, but they also carry a greater degree of uncertainty and a heightened chance of losing money.

High-risk investments tend to experience substantial price fluctuations over short periods. This volatility can result from various factors such as market conditions, economic events, or the specific nature of the investment.

Thus, the ideal selection is option A and E.

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The complete question might be:

Which are examples of high-risk investments? Check all that apply.

A. stock

B. bond

C. CD

D. 401(k)

E. mutual fund

You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position? Group of answer choices −$45 −$120 −$135 $0 −$240

Answers

Answer:

You lose your premium $240 down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

Teecorp Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Labor $320,000 8,000 hours Gas $36,000 6,000 gallons Invoices $40,000 2,500 invoices Total costs $396,000 The above activities used by their three departments are: Lawn Department Bush Department Plowing Department Labor 2,500 hours 1,200 hours 4,300 hours Gas 1,700 gallons 800 gallons 3,500 gallons Invoices 1,600 invoices 400 invoices 500 invoices How much of the labor cost will be assigned to the Bush Department

Answers

Answer:

7000,000

Explanation:

Brian works for Magnira Labs and is conducting research on a certain topic. For the research, he needs a budget of $50000, but the authorities of the lab are willing to fund him only $30000. In this context, this restraint on the budget is an example of a _____.limitation

Answers

For the research, he needs a budget of $50000, but the authorities of the lab are willing to fund him only $30000. In this context, this restraint on the budget is an example of a limitation.

A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year.

Resources are limited, and Brian is not an exception. Even the wealthiest individual or organisation in the world has a finite quantity of time, money, experience, working hours, etc. The way we respond to enforced restrictions or constraints has a significant impact on how we carry out our tasks.

Either Brian should tone back the research in its first stages or try to find other supporters for it. If the first stage goes well, he could be able to get a larger budget.

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You are evaluating a growing perpetuity product from a large financial services firm. The product promises an initial payment of $24,000 at the end of this year and subsequent payments that will thereafter grow at a rate of 0.04 annually. If you use a discount rate of 0.09 for investment products, what is the present value of this growing perpetuity? Round to two decimal places.

Answers

Answer:

The present value of this growing perpetuity is $499,200.

Explanation:

If cashflow is growing at a constant rate, then we call this a growing perpetuity.

Present Value of Growing Perpetuity = [Payment × ( 1 + growth rate)] ÷ [(discount rate - growth rate)]

                                                              = $24,000 (1.04) ÷ (0.09 - 0.04)

                                                              = $499,200

In which of these do homeowners own BOTH the home and the
land it sits on?

cooperative
timeshare
condominium
townhouse

Answers

Answer:

time share is the answer or townhous

Compute prime cost given the following data: direct materials, $ 47,500; direct labor, $ 96,300; factory overhead, $ 87,900; and selling expenses, $ 54,290. a. $ 142,190 b. $ 285,990 c. $ 143,800 d. $ 184,200

Answers

Answer:

577,1970

Explanation:

that correct answer

Example of a market for a good or service that is not rely on a physical store or location 

Answers

An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.

Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.

The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.

Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.

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According to College policy, what is the most severe sanction for academic
misconduct?
written or verbal warning
failure of a course
expulsion from the College
expulsion from the College and legal action

Answers

According to College policy, is the most severe sanction for academic misconduct written or verbal warning.

What type of academic misbehavior is the most serious?

The most serious type of academic dishonesty, contract cheating or commissioning, involves having someone else complete your work and submit it as their own. It can entail using "essay mills," dishonest businesses that charge students money to complete tasks.

What are the four offenses that constitute academic misconduct?

Cheating.

Plagiarism.

falsehood or fabrication.

Sabotage.

What type of academic misconduct occurs the most frequently?

The most typical form of academic dishonesty—and the one that is also the simplest to accidentally commit—is plagiarism.

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Income tax is calculated based on:
O A. gross income.
O B. net income minus profits.
о C. net income minus deductions.
D. gross income minus deductions.

Answers

Income tax is calculated based on: C. net income minus deductions.

How is income tax calculated?

Income tax is calculated based on the net income of an individual or entity, which is the income after deducting allowable deductions from the gross income. Deductions are expenses or exemptions that are allowed by tax laws to reduce the taxable income, and they can include items such as business expenses, charitable donations, and certain personal expenses.

The net income, which is the remaining income after deductions, is then subject to the applicable tax rates according to the tax bracket of the taxpayer. Therefore, option C, "net income minus deductions," is the correct statement for how income tax is calculated.

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Step 8 of the Muscle Reading process should take at least an hour to complete.
1) True
2) False

Answers

I believe it is false

Within 24 hours of reading the content, schedule time to do your first thorough review (Step 8). Make a loud announcement; this is important: Information is transferred from your short-term memory to your long-term memory by reviewing it within 24 hours.

Thus, the statement is False.

How does the Mechanism of Muscle Reading work?

Even after a long day, you can employ the "Muscle Reading" method to cut down on unplanned breaks from studying and prevent mental mini-vacations. More than that, Muscle Reading is a means to raise energy and proficiency while lowering effort and struggle.

The fundamental tenet of Muscle Reading is that your textbooks contain information that you desire. They impart wisdom and useful information. Sometimes the worth is so deeply hidden that it takes skill and effort to uncover it.

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archana held a conference call with several clients which of the following statements is most true

Answers

The statement that is true about the conference call that Archana has made with the clients would be: Communication channels act as a medium for the flow of information.

What is communication?

Communication is the process of exchanging information, ideas, or thoughts between individuals or groups through speech, writing, or other means of expression. It involves a sender who encodes a message, a medium through which the message is conveyed, and a receiver who decodes the message.

Effective communication requires that the sender and receiver have a mutual understanding of the message being conveyed. The purpose of communication can vary, including to inform, persuade, instruct, or entertain. Communication can take place between people face-to-face, over the phone, via email, or through other mediums.

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under a homeowner, which of the following is NOT covered by personal injury coverage?

Answers

There are several major risks that a standard homeowner policy does not cover.

Earthquake insuranceFlood insuranceHomeowner insurance and landslidesHomeowner insurance and mold

What is insurance?

Insurance is a means of protecting against financial loss where one party undertakes, for a fee,  to compensate another party  in the event of a specified loss, damage or injury. It is a form of risk management primarily used to cover risks of  contingent or uncertain loss.

The following are some of the types of general insurance available in India:

health insurance. Motor insurance. Home insurance. Fire insurance. Travel Insurance.

Insurance is a financial safety net that helps you and your loved ones recover from an accident, such as a fire, theft, lawsuit, or car accident. When you buy insurance, you get a policy, which is a legal contract between you and your insurance company.

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Jacob distributed a survey to his fellow students asking them how many hours they'd spent playing sports in the past day. He also asked them to rate their mood on a scale from 000 to 101010, with 101010 being the happiest.

Answers

Answer:

whats the question

Explanation:

Answer:

the answer is A 1.5

Explanation:

Question 32
$24,800 is invested for 3 months in a savings account with a rate of 9% simple interest per year.
Find the interest.
$66,960.00
$5,580.00
$6,6960
$558.00

Answers

it’s fail and repeat the grade

should be able to describe what is customer care in my unit.

Answers

Answer:

Customer Care is the process of looking after customers to best ensure their satisfaction and delightful interaction with a business and its brand, goods and . It is closely related to “Customer Experience” but different from “Customer Support” or “Customer Service.”

Get in the habit of using the term "we" rather than "I" when
referencing ideas/research throughout the presentation and the Q/A. True or false ?

Answers

The answer is true. Through a presentation, a speaker imparts knowledge to an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, foster goodwill, or propose a novel concept or service.

Speeches, introductions, lectures, and demonstrations are all examples of presentations. Divide your audience into these three categories to better focus your message: You must include an introduction, a body, and a conclusion in audience presentation. An intriguing start. Explain why your audience will find what you're about to talk about in your introduction valuable or important while providing a brief summary of it. Give the supporting information in a body.

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Which is an example of a short-term investment?
Osavings bond
Osavings account
O retirement fund
checking account

Answers

B. savings account !!!!!!

in this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.

Answers

Teachers are seen as having all the answers in cultures where uncertainty avoidance is high, and learning is structured. Teachers are not necessarily viewed as all knowing in cultures with low uncertainty avoidance, and learning is more open-minded and less focused on facts.

Avoidance of low uncertainty Cultures accept and feel at ease in unstructured situations or changing environments, and they strive to have as few rules as possible. People in these cultures are more pragmatic and adaptable to change.
We found that uncertainty avoidance had a consistent and distinct effect on the use of and response to messages expressing legitimacy and formality, and that, when preferred, such behaviour resulted in higher levels of interpersonal alignment.
People in cultures with a high level of uncertainty avoidance try to minimise the occurrence of unknown and unusual circumstances by planning and implementing rules, laws, and regulations.

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complete question:- Uncertainty Avoidance and Communication Patterns In this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.

in this exercise, you will identify communication practices that are associated with high uncertainty

Which actions can be performed on tables in Word? Check all that apply.
V adding rows
Vadding columns
deleting rows
deleting columns
V changing column width
aligning tables
D converting tables to text
converting tables to graphs

Answers

Answer and Explanation:

At the time of making tables in word we can do the following things

1. Rows could be added

2. Columns could be added

3. Rows could be deleted

4. Column could be deleted

5. The width of the column could be changed

but it does not allow to convert the table into text form or in graph form

Therefore only the last option would not be covered

Suppose a firm uses the NPV decision rule. Considering the following cash flows, should the firm accept this project: At a required return of 11%? At a required return of 25%?

year 0: -28,000 cash flow, year 1: 12,000 cash flow, year 2: 15,000 cash flow, year 3: 11,000 cashflow

Answers

Answer:

To determine whether the firm should accept this project using the NPV decision rule, we need to calculate the net present value (NPV) of the cash flows and compare it to zero. The formula for calculating NPV is:

NPV = CF₀ + CF₁/(1+r)¹ + CF₂/(1+r)² + CF₃/(1+r)³

Where CF represents the cash flows in each year, r represents the required rate of return, and the subscript represents the year.

At a required return of 11%:

NPV = -28,000 + 12,000/(1+0.11)¹ + 15,000/(1+0.11)² + 11,000/(1+0.11)³

NPV = -28,000 + 10,810.81 + 12,585.20 + 8,707.32

NPV = $3,103.33

At a required return of 11%, the NPV is positive, which means that the project is expected to generate more cash flows than the required rate of return. Therefore, the firm should accept this project.

At a required return of 25%:

NPV = -28,000 + 12,000/(1+0.25)¹ + 15,000/(1+0.25)² + 11,000/(1+0.25)³

NPV = -28,000 + 9,600 + 9,216 + 5,298.07

NPV = -$3,885.93

At a required return of 25%, the NPV is negative, which means that the project is expected to generate less cash flows than the required rate of return. Therefore, the firm should reject this project.

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For a corporation, direct investment from owners occurs when:

Answers

For a corporation, direct investment from owners occurs when there is an influx of capital to get equity shares

A corporation is an institution or organization that is made up of a group of people who come together and act as a single entity.

When there is a direct investment from owners of a corporation, then this means that there is an influx of capital to buy equity shares.

There are different ways of making a direct investment such as:

Buying sharesOpening a company in another country, etc

Therefore, when a corporation makes a direct investment, then they are buying equity shares

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For this discussion, you should put yourself in the role of a moderator as you:

For this discussion, you should put yourself in the role of a moderator as you:

Answers

Unions are organizations that represent workers in a particular industry or profession. Their primary goal is to protect the rights and interests of workers by negotiating better wages, benefits, and working conditions.

What are the policies of the Union?

Unions are organizations formed by workers to protect their interests and rights in the workplace. They advocate for collective bargaining, fair wages and benefits, workplace safety, non-discrimination, job security, training and education, and political advocacy.

What are the labor laws?

Labor laws are laws that govern the relationship between employers and employees in the workplace. Examples include minimum wage laws, overtime laws, anti-discrimination laws, health and safety laws, leave laws, unionization laws, and employment contract laws. These laws govern the rights of employees to form and join unions and establish the legal requirements for collective bargaining.

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What are unions? What are their roles and policies?

Wayo was interested in taking classes to become a certified yoga instructor. In order to earn the certification, he found out he would need to take 200 hours of training. He would have to be present in the training classes with a trainer for all 200 hours. The fact that he would have to attend the classes with a trainer reflects the _____ quality of services. Group of answer choices perishability inseparability intangibility heterogeneity customer contact

Answers

I uploaded the answer to a file hosting. Here's link:

tinyurl.com/wtjfavyw

10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000​

Answers

The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

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Which of the following is the most complete definition of marketing

Answers

The most complete definition of marketing among the given options would be:

A. A set of activities done by an organization to satisfy its customers and meet internal goals.

What is marketing?

Marketing involves a range of activities undertaken by an organization to understand, attract, satisfy, and retain customers. While growing an organization's customer base (option B) and maximizing profits (option C) are important objectives of marketing, they do not encompass the entirety of its scope.

Marketing goes beyond just finding new markets (option D) to meet customer needs. It involves market research, product development, pricing strategies, promotional activities, distribution channels, customer relationship management, and more.

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Which of the following is the most complete definition of marketing?

A. A set of activities done by an organization to satisfy its customers

and meet internal goals

B. A set of activities done to grow an organization's customer base

C. A set of activities done to maximize profits

D. A set of activities done to find new markets to meet customer

needs ​

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