Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 5% and the term is for 5 years.
What is the amount of interest paid?

$15,000

$30,000

$1,500

$300

Answers

Answer 1

Answer:

The amount of interest paid is $ 1,500.

Explanation:

Given that Perry Mazza wants to borrow $ 30,000 from the bank, and the interest rate is 5% and the term is for 5 years, to determine what is the amount of interest paid, the following calculation must be performed:

(30,000 x 5) / 100 = X

150,000 / 100 = X

1,500 = X

Therefore, the amount of interest paid is $ 1,500.


Related Questions

Under the Uniform Securities Act, an investment adviser who has no place of business in a State is exempt from registration if the:

Answers

Answer:

✓The adviser had no more than five clients in that state within the last 12 months

✓ The adviser provided advice only to investment companies in that state.

✓The adviser provided advice only to insurance companies in that state

Explanation:

THIS IS THE COMPLETE QUESTION BELOW

Under the Uniform Securities Act, an investment adviser who has no place of business in a state is exempt from registration in that state if the adviser provides advice in which of the following situations?

ANSWER:

The Uniform Securities Act can be regarded as is a model law which was set up to serve as starting point as regards to state-level securities regulation. The purpose of this Act is to handle securities fraud at the state level and also to give assistance to the Securities and Exchange Commission (SEC) in aspect of enforcement as well as regulation.

As regards to the scenerio in the question, The investment adviser

✓would not have more than five clients in the whole particular state and within the period of duration of last 12 months.

✓ His advice will Only be towards

investment companies in that state.

✓His advice will Only be towards

insurance companies in that state

The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses.


True
False

Answers

True i hope it help you.

Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.

Answers

Answer:

This is an example of product mix because it represents all of the company's product lines put together :)

The process of creating, promoting, and presenting a product to meet wants and needs of consumers is called ___________. Group of answer choices marketing selling distributing retailing

Answers

Advertising is the correct answer

4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?

Answers

Answer:

Explanation:

35% of $64,000 is $22,400

Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920

At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

the equivalent units produced by the department is 8,900 units

Explanation:

The computation of the equivalent units produced by the department is shown below:

= Started & completed units + beginning units + 25% of ending units

= 7,000 units + 1,500 units + 1,600 units × 25

= 7,000 units + 1,500 units + 400 units

= 8,900 units

Hence, the equivalent units produced by the department is 8,900 units

Norbury Corporation's net income last year was $25,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Answers

Answer:

$37,700

Explanation:

Cashflow from Operating Activities

Net Income                                                                     $25,000

Adjustments to non - cash flow items :

Add back Depreciation charge                                     $24,000

Adjustments to changes in working capital items :

Increase in Accounts receivable                                  ($13,500)

Decrease in Inventory                                                     $3,600

Increase in Prepaid expenses                                       ($9,000)

Increase in Accounts payable                                       $13,000

Decrease in Accrued liabilities                                       ($8,100)

Increase in  Income taxes payable                                 $2,700

Net cash provided by operating activities                    $37,700

thus,

the net cash provided by operating activities under the indirect method on the statement of cash flows would be: $37,700

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance

Answers

Answer:

-4670 Favorable

Explanation:

actual- standard = variance

variance * actual lbs of material

5.2-6.2=-1*4670=-4670 Favorable

You are reviewing your client's bank feed. She has several expense transactions for the local gas station that are correctly categorized. Go to the For Review tab in the Banking Center Select the multiple gas transactions _____________________________ What step completes the process for adding all of these transactions to the bank feed at the same time

Answers

Uh- uh- WHATCHU KNOW ABOUT ROLLING DOWN IN THE DEEPP

_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.

Answers

Answer:

Switching cost

Explanation:

Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc

It can employ the high switching cost in order to protect the customers from shifting to the another brand

Therefore the switching cost should be considered

Which of the following is the definition of customer experience?
A. The product of an interaction between an organization and a customer.
B. The product of upselling a customer.
C. The product of an interaction between the organization's employees.
D. The product of customer referrals

Answers

Answer:

a

Explanation:

For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review

Answers

Answer is B. Hope I helped have a good day

Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount

Answers

Answer:

sry i don't have this questions answers

The firm pays above average wages to its employees. Each employee is given at least two weeks of vacation and any time family matters arise and time is needed, flexible arrangements are made to facilitate the employee. Each Thanksgiving, a turkey is provided to each employee, $15 gift certificates are given for the Christmas holiday, and during the summer, the firm pays for each employee and one other individual to attend an expense-paid day at the local amusement park. This firm seems to be a(n) _________ company.

Answers

Answer:

People-oriented

Explanation:

In the people-oriented, the company want to share something or the employees wants to share something and in this the employees are treated a a friends. Here all can be happy, smilling. Moreover, the work can be done in a fun way, everyone love their job and every employee treated by the organization is same

so as per the given situation, it is a people-oriented

Answer:

People-oriented

Explanation:

A people-oriented company is the one that cares most about its employees and their welfare. A people-oriented company is a business approach that takes good care of employees by treating them well and recognizing their role in the firm.

In the given case, the firm that pays more than average salary to its employees, two weeks of vacation, family emergency time, flexibility, gifts on festivals, etc., is a people-oriented company. The firm is taking care of the well-being of its employees in the given scenario.

Therefore, it is a people-oriented company.

A short run production function of a competitive firm is given by Y= 6L^(2/3) where Y represents the units of output while L is the labour required. If Price (P)= 3 and Wage (W)= 6, how many units of labour (L) will the firm hire?
I need help with this, thank you!!!!!!!!!​

Answers

Answer:

Economists often use a short-hand form for the production function: Q=f[L,K] Q = f [ L , K ] , where L represents all the variable inputs, and K represents all the fixed inputs.To determine the optimal capital-labor ratio set the marginal rate of technical substitution equal to the ratio of the wage rate to the rental rate of capital: K L = 30 120 , or L = 4K. Substitute for L in the production function and solve where K yields an output of 1,000 units: 1,000 = (100)(K)(4K), or K = 1.58.The production function is f(x1, x2) = x1/21x1/22. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? x1 = 2x2.There is no difference between fixed and variable factors of production. There are 3 stages namely, increased returns, constant returns, and decreasing returns, and no stage is considered best for the long run.Least Cost Rule: production at least cost requires the ratio of labor's marginal product to its price equals the ratio of capital's marginal product to its price. The amounts of labor and capital employed must be adjusted, all the while keeping output constant, until this condition is achieved.

Explanation:

Someone who is extremely dissatisfied with the direction of their current employer and has their own great ideas, an independent streak, and a great work ethic might decide to _______.

Answers

Group of answer choices.

a. Tough it out and try to adjust to their workplace

b. Quit their jobs and start their own business

c. sabotage their bosses in order to get new leadership d. Climb the corporate ladder in order to implement their ideas

Answer:

b. Quit their jobs and start their own business

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

Generally, an employee who is extremely dissatisfied with the direction of their current employer and has his or her own great ideas, aspirations, an independent streak (willingness to work for oneself rather than serve others), and a great work ethic might decide to quit their jobs and start their own business such as an entrepreneur.

An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.

The following are four characteristics of an entrepreneur;

1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.

2. Passionate: believing in a course and one's ability to achieve much more at a business.

3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.

4. Self-Confident: he or she is bold and believes in his or her abilities to excel.

Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant. The most useful way to research this information would be by

Answers

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

A sample of 51 observations will be taken from an infinite population. The population proportion equals 0.85. The probability that the sample proportion will be between 0.9115 and 0.946 is

a. 0.8633

b. 0.6900

c. 0.0819

d. 0.0345

Answers

Answer:

c. 0.0819

Explanation:

The mean = 0.85

standard error of the proportion is:     sp = sqrt(pq/n)

= sqrt ((.85)(0.15) / 51) = 0.05

P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )

= P(1.23 < z < 1.92)

= P(z < 1.92) - P(z < 1.23) = 0.0819

The Food and Drug Administration in the United States works to protect citizens from harmful products and companies must meet the regulations it sets. Which classification of nonquantitative nontariff barrier does this represent

Answers

Answer:

It prevents an imported good form being priced lower than the domestic good. ... decided to lower its export price in order to force the domestic producers in the importing nations out of business. Once these competitors are gone.

Answer:

Standards

Hope this answer helps you :)

Have a great day

Mark brainliest

Which of the following is the most appropriate topic to address in a college application essay?
Question 11 options:

A. your family's trip last summer to Yosemite National Park


B. why you decided to volunteer your Saturday afternoons at the local senior center

C. why you think the Yankees aren't likely to win the next World Series

D. your experiences learning to drive a car
No bit links. 15 points.

Answers

Answer:

B. why you decided to volunteer your Saturday afternoons at the local senior center

Agribusiness developed as a result of a desire for more environmentally friendly agricultural practices. a desire for more environmentally friendly agricultural practices. increased demand for specialty food products. increased demand for specialty food products. a growing shortage of arable land. a growing shortage of arable land. declining numbers of farmers.

Answers

Answer:

declining numbers of farmers

Explanation:

Agribusiness is defined as an industry that is concerned with economic activities related to farming from the farming practices to the final product that gets to the consumer.

Activities like chemical production, breeding, crop production, farm machinery, marketing, and distribution of inputs.

In the agricultural space as a decline in the number of farmers occurred it became necessary for businesses to commercialise various stages of the agricultural value chain.

This resulted in more availablity of required products and services that farmers need to operate. With this support the number of farmers is now growing.

For example in contract farming companies provide the farmer with needed inputs as a loan.

At harvest produce from the farm is used to repay the loan.

This empowers the farmer to keep producing.

The government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy be to the government

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

If the government offers a subsidy of $5 per unit that increases the profit-maximizing quantity to 200 units. What will the total cost of the subsidy to the government will be $40 per unit.

What is subsidy?

A subsidy is a direct or indirect government payment to people or businesses, typically in the form of cash or a targeted tax break. According to economic theory, subsidies can be used to reduce externalities and market imperfections to boost economic efficiency.

Subsidies are a strategy used by governments to promote production and consumption in particular industries. An industry can enable its manufacturers to generate more goods and services when the government introduces supplier subsidies.

Therefore if $ 5 subsidy will get 200 units increase in profit maximizing then cost of subsidy would be $40 per unit of consumption.

To know more about subsidy refer:

https://brainly.com/question/17136613

#SPJ5

What is the Importance of sales promotion

Answers

is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

A short-term savings strategy is usually designed to:
A. maximize the growth of money used for investments.
B. make sure a person has money available in an emergency.
C. increase the income a person earns by having a job.
D. allow a person to spend nearly all of the money he or she makes.
SUBMIT

Answers

Answer: B. Make sure a person has money available in an emergency. (Thanks 22ogarthwaite)

Explanation: A P E X

A short-term savings strategy is usually designed to make sure a person has money available in an emergency.

What is short term savings?

An amount kept aside by an individual for the purpose of utilization in a very short span of time with a contingent purpose, is known as short term savings.

Hence, option B is true regarding short term savings.

Learn more about short term savings here:

https://brainly.com/question/10206346

#SPJ2

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.

Answers

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

what do you pore first the cereal or the milk? True or false.

Answers

Well this is a HUGE ARGUMENT in my family... I personally add the cereal THEN the milk (even tho I don’t rlly like milk ok) but my parents say you need to add milk first. But I wonder how will you eat dry cereal when milk is st the bottom? WTH

The Statute of Frauds a. applies only to executed contracts b. requires certain contracts to be in writing c. states that written contracts cannot be changed by oral evidence d. none of these

Answers

Answer:

b. requires certain contracts to be in writing

Explanation:

Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.

For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.

However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.

A company budgeted $148,000 sales on account for June, $120,000 for July, $211,000 for August, $198,000 for September, and $164,000 for October. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 36% will be collected the second month, and 4% will be uncollectible. Which month should have the largest amount of cash receipts from accounts receivable budgeted

Answers

Answer:

October

Explanation:

The computation of the month in which the largest amount of cash receipts is there

So, for that the calculation is to be needed

= $211,000 × 36% + $198,000 × 60%

= $75,960 + $118,800

= $194,760

For this month, the cash receipts from the account receivable is high

So the same should be considered

An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is:

Answers

added to the sales price of the comparable.

A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the a.income statement b.statement of cash flows c.statement of stockholders' equity d.balance sheet

Answers

Answer:

Income statement

Explanation:

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