User Account

All Pages

What effective interest rate per year will he end up paying

Assignment Help Accounting Basics
Reference no: EM133099509

Question - If Salibo borrows $100 from a payday loan operator and has to pay $125 at the end of 1 week, what effective interest rate per year will he end up paying if he were to keep the money for a year on the same terms?

Reference no: EM133099509

Questions Cloud

What is the current share price : The company will pay a dividend of $17 per share 10 years from today. If the required return on this stock is 12.5 percent, what is the current share price
Important areas of risk and opportunity for society : What are important areas of risk and opportunity for society and companies such as the role of technology in business and society, cybersecurity,
Business and society : Do your findings change the way you will support the company in the future? You are encouraged to share resources that introduce or illuminate the event.
What is the maximum amount she can contribute to the plan : Assuming that none of the catch-up elections are of any benefit to her this year, what is the maximum amount she can contribute to the plan
What effective interest rate per year will he end up paying : If Salibo borrows $100 from a payday loan operator and has to pay $125 at the end of 1 week, what effective interest rate per year will he end up paying
Creating a business compliance system : You're responsible for planning and creating a business compliance system to ensure the establishment's compliance with legal and licensing requirements.
Cultural differences in leadership : Assume that your manager (real or imagined) has asked you to prepare a business report on Cultural Differences in Leadership which will be shared at the next ex
What is market segmentation : What is market segmentation and what is its importance in strategy implementation? Give three reasons why it is important and explain its role in healthcare?
Define entrepreneurship : Define entrepreneurship, and cite your definition. Discuss the 3 phases of the process.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the necessary adjusting at year end

On Friday of each week, Spoon company pays its factory personnel weekly wages amounting to 45,000. Prepare the necessary adjusting at year end

  How much of Fillon income is apportioned to State A

The plant located in A generated $200,000 of income, and the plant located in B generated a loss of $50,000. How much of Fillon income is apportioned to State A

  Discuss the components of the iconic fraud triangle

Discuss the components of the iconic Fraud Triangle. What are some risk factors for each of the three components

  Which of the is a written statement issued to a taxpayer

Which of the following is a written statement issued to a taxpayer that interprets and applies tax laws to the taxpayer's specific set of facts

  Prepare the journal entries to record the sale

Frigid Temperatures Inc. has sold 1,000 refrigerators during 2020 at a total price of $ 1,620,000, Prepare the journal entries to record the sale

  Accounting for donation

Gridiron University is a private university. A successful alumnus has recently donated 1,000,000 to Girdion for the purpose of funding a "center for the study of sports ethics."

  What would be trojans overall net cash flow with regard to

trojan corporation issued a bond on january 1 2003. interest on the bond was payable annually at december 31. the bond

  What amount must roger include in his gross income

Roger worked a part-time job and earned wages of $12,500 that he used to pay for room & board. What amount must Roger include in his gross income

  What is justin firm required to do to protect

Justin, a member, has been in public practice for 25 years. What is Justin's firm required to do to protect its client's confidential information in this type

  Prepare the journal entry to record tanner-unfs investment

Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate

  What is the probability that the spinner will stop

A spinner has equal regions numbered 1 through 21. What is the probability that the spinner will stop on an even number or a multiple of 3?

  What is the effect on Pink Corporation

On this date, the value of the land has decreased to $500,000. What is the effect of each of the following on Pink Corporation? Which option should be selected

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd