Joe borrows money for a fridge and pays $120.00 in interest for 24 months at a rate of
8%. How much money did he borrow?
Show work

Answers

Answer 1

Answer:

$750

Explanation:

Interest is calculated using the formula below.

I = p x r x t

where I= interest

P= principal amount

r= interest rate

t= time

In this case, interest is $120, P is not given, r = 8% t= time 2 years( 24 months)

It means $120= P x 8% x 2

$120= p x 0.08 x 2

$120= p0.16

P= $120/0.16

P=750

Joe borrowed $750


Related Questions

what is risk evaluation

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Risk evaluation is the process of comparing the results of the risk analysis with the risk evaluation criteria defined during the context establishment to determine whether the cyber-risks are acceptable.


What is an example of a flame

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If you mean like anY kind of example of flame, a lighter flame is a good example.
Anything that uses gas to emit a flame

Is ExxonMobile a product or service company

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i think a product and service since it has both im not sure sorry :(
Service company it proves a lot of resources that there give.

All of the following are service providing industries except

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Manufacturing industry

Answer:

Manufacturing industry hope it helps.

Explanation:

Why don't more people save for the future?
Which reasons can be fixed by having a money plan?

Answers

Answer:

Explanation:

Lots of people like to focus in today, which is fun but can mean bad things in the future. If you save for the future you can be prepared or not overwelled if a surprise bill or extra money is needed.

Please help 50 points!! Identify the gross domestic product of a) one free market economy and b) one planned economy of your choice (in $)
Reference index of economic freedom to both answers

Answers

Answer:

ansabi wala kang jowa jan

答:老实说我不知道​​,但我确实知道中国,而且我也可以讲有趣的笑话,但是我真的不能讲任何笑话。

Why is a dress code important for demonstrating professionalism?
A. Many in tech fields refuse to wear suits or professional clothing.
B. Many become defensive when they feel you're over-dressed.
C. Most will make snap judgments based on first impressions.
D. Many feel that those who dress poorly are too particular.

Answers

Answer:

C.

Explanation:

Most will make snap judgments based on first impressions.

(If you go to work in a crop top or in a speedo, then people will judge you).

Answer:

C. Most will make snap judgments based on first impressions.

Explanation:

What do you want to be when you a grow up? I want to be a model or a fitness model or a boxer or a professional tahitian dancer or belly dancer you?

Answers

I haven’t decided exactly what I wanna do yet, but here are my options:

-Interior designer
-Psychology counseling
-Fashion designer
-Small business owner (cafe?)
-Or something in the cosmetic indestry

Answer:

I love to read and write. So, I want to become an author. I want to entertain people with my stories. I also want to be a media specialist. I love being part of the library and the books.

Explanation:

which function relates to maintaining inventory?

Answers

Answer:

The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.

For individuals, the economic term specialization refers to:
A. becoming a self-sufficient business owner.
B. gaining experience in many different jobs.
C. traveling to different countries for work.
D. mastering a small number of job skills.

Answers

Answer:

D. mastering a small number of job skills.

Explanation:

Specialization is a production technique whereby an individual or company focuses on producing a limited variety of products. The objective is to acquire a high degree of mastery and efficiency in making the few chosen items.

An individual who opts to specialize will concentrate on a few skills. In time, they will become experts in those skills.

please help me ill give brainliest to anyone who does this right:3

Answers

You chose what career you want and you write information about it

A debtor owes $850 and is declared bankrupt. He is, however able to pay $0.40 on every dollar owed. How will his payment be recorded?
a. DR CASH $850 CR DEBTOR $850
b. DR CASH $340 CR DEBTOR 340
c. DR DEBTOR $850 CR CASH $850
d. DR DEBTOR $340 CR CASH $340​

Answers

Answer:

BIT B IS THE CORRECT ANSWER

Explanation:

AS IT IS GIVEN IN QUESTION THAT THE DEBTOR IS ABLE TO PAY $0.40 ON PER DOLLAR.

WHICH MEANS BUSINESS RECEIVED 850×0.40/100 =$340

THE DEBTOR PAID $340

THE JOURNAL ENTRY IS

CASH A/C DR $340

BADDEBTS A/C DR $340

TO DEBTOR A/C $680

THIS IS THE CORRECT ANSWER BUT IT'S NOT IN THE OPTION THAT'S WHY ANSWER IS BIT B) .

THANK YOU

Why are natural monopolies allowed to exist?​

Answers

Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... Since it's economically sensible to have utilities operate as natural monopolies, governments allow them to exist.

1. How does Badger's approach to social responsibility help attract and retain employees?​

Answers

Answer:

W.S. Badger became a certified benefit corporation. This is a rigorous test for companies to meet standards of transparency, accountability, and social and environmental performance. The highest-paid employee is capped five times that of the lowest paid. Company profits flow to employees via profit sharing. All employees participate in a bonus plan. Also, new parents can bring their babies to work. Finally, Badger donates pre-tax profits to non-profit organizations.

Explanation:

This company is a model of how businesses should look out for their employees that are the backbone.

Credit sales 172,000 collections on accounts receivable during the year 170,000 cash sales 818,000 unadjusted debit balance in allowance for doubtful accounts 40 sales returns and allowances for credit sales 2,000 accounts receivable, beginning 14,000.If expected bad debts are estimated to be 1 1/2% of ending accounts receivable, the adjusting entry to recognize bad debts will include a debit to bad debt expense for a) $170 b)$190 c) $250 d) $210

Answers

Answer:

$250  ( C )

Explanation:

using the given data below is the entry

The adjusting entry to recognize bad debts will include a debit to bad debt expense for

 particulars                                                                   amount

Beginning accounts receivable                                                     14000

+ Credit sales made during the year                                             172000

(-) collections from debtors                                                            (170000)

(-) expected salary return & allowances for credit sales               (2000)

Ending accounts receivable                                                          14000

Percentage of bad debt                                                                 1.5%

Total bad debts balance required ( 14000*1.5%)                          210

+ Already debit balance in allowance for doubtful account         40

Total debit to be made in bad debts                                              250

Total debts = total bad debts balance required + already debit balance in all

                  =  210 + 40 = $250

Incentives influence people's economic decisions by:
A. reducing the marginal benefits for a particular choice.
B. making certain choices more beneficial than others.
C. removing the opportunity costs of making a decision.
D. making it easier to perform a cost-benefit analysis of a decision.

Answers

Answer:

B. making certain choices more beneficial than others.

Answer:

B

Explanation:

Just took the quiz

The first step in conducting a background investigation is to_________

A) Provide certification to the reporting agency

B) Obtain permission from the employee

C) Provide copies of the background reports to the employee

D) Give notice to the employee if a problem is found during the investigation

Answers

Answer:

B) Obtain permission from the employee.

Explanation:

When business organizations or companies require the employment of new employees (staffs or workers), they usually use series of recruitment procedures and processes. This is to ensure that, the employee to be employed by the company is fit, eligible and qualified for the position.

In conducting a recruitment, employers seek to acquire sets of information about the employee based on factors such as mental health, criminal history, financial debt, education, medical health, employment history, temperament, references, emotional psych, license etc

However, the first step in conducting a background investigation is to obtain permission from the employee by ensuring or requesting that he or she fill out an employment application form for the job position (vacancy) advertised. Also, when conducting a background investigation on an applicant or employee, it is important that the informations gathered are kept confidential and in accordance with state laws.

Answer:

You must obtain permission of the employee first

Explanation:

Tom was recently turned down for a loan. He would like to re-apply next year for the same loan. Which of the following is not a change he could make to increase his chances of being approved for the loan?

a.

Pay off some of his credit cards to decrease his debt-to-income ratio.
b.

Take out some more credit cards to increase his monthly debt.
c.

Find another job that pays more, increasing his gross monthly income.
d.

Improve his credit score by making all credit card and loan payments on time

Answers

Look at all the options and see which one would NOT be a positive change. In order to get a loan, you want as little debt as possible, which rules out option A because getting rid of debt is good. You also want a high paying job, which rules out option C. Finally, your credit score is very important in getting a loan. You want the best credit score possible, which rules out option D. This leaves option B. This would be the answer because, as I said before, you want as little debt as possible, so increasing your monthly debt would not be helpful at all in getting a loan.

Answer:

B

Explanation:

Take out some more credit cards to increase his monthly debt.

What is the key to personal fulfillment in your job ?

Answers

to have a high salary
to engage in lifelong learning
to interview people in the field
to reevaluate your career choice annually.

Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.

Answers

Answer:

Operating profit = $147,500

Explanation:

Missing question is "What is the total operating profit?

Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses

Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000

Operating profit = 5,000*$37.5 - $40,000

Operating profit = $187,500 - $40,000

Operating profit = $147,500

What is the term for convincing a customer to buy a larger quantity of an item or a more expensive item?

Answers

Answer:

Upselling

Explanation:

This way it benefits the seller in terms of money and may also benefit the costumer

Upselling is the process of persuading a customer to purchase a more expensive or larger quantity of a product. This has financial advantages for both the vendor and, possibly, the customer.

What is upselling?

In order to increase sales, a vendor may invite a consumer to buy more expensive goods, upgrades, or other add-ons. This practice is known as upselling. Even while it typically entails promoting more lucrative services or goods, it can also just involve introducing the customer to alternate possibilities they may not have previously considered.

Cross-selling is a separate strategy when a seller tries to market a different product. Large organizations typically combine upselling and cross-selling to increase revenue in the real world.

Upselling is the process through which a company tries to persuade clients to buy a more expensive product, an upgrade, or an extra item in order to generate a more lucrative transaction.

Learn more about upselling, from:

brainly.com/question/28869850

#SPJ5

Which of the following is an example of a society valuing equity?

1. Only allowing landowners to vote in elections
2. Government programs that financially assist impoverished families
3. Private property rights

Answers

Answer:t

Explanation:

Society valuing equity means giving equal rights and opportunities to all the individuals and group of people. Thus, the correct example of society valuing equity is 2). Government programs that financially assist impoverished families.

What does social equity mean?

Social equity refers to the concept of impartiality, fairness, justice, equality and opportunities for all people in social policy. It states that all the individuals and the group of people should be given with the same rights, resources and opportunities.

Social equity brings the equality among the people. It provides the different opportunities for the impoverished people to grow and developed.

Basically, social equity ensures that everyone in a community has equal access to the same opportunities and outcomes.

Learn more about social equity here:-

https://brainly.com/question/11098001

#SPJ2

When drawing a portrait, you want to make sure that the face you are drawing is _____________ (the right size).

Answers

Answer:

The right size

Explanation:


Which resource is focused on preparing students for careers and technical work as well as for community leadership?
O BLS
O O*NET
O CTSO
O SBA

Answers

Answer:

The Answer would in-fact be C. O CTSO

Explanation:

O O*NET and O BLS are both companies whom have websites for finding you career of choice.  They don't help you along with these careers after the fact though.  The O SBA is a website to themselves with career improvements being not as big of a prioritized helper.

Hope this helps...

Answer:

The Answer would in-fact be C. O CTSO

Explanation:

Does the mass of an object dictate the acceleration of
a falling object

Answers

Answer:

no mass does not affect the acceleration of the falling object.

________ is the amount an employee earns before payroll withholding is performed.
A. Net pay
B. Gross pay
C. Taxable interest
D. An estate
Please select the best answer from the choices provided

Answers

Answer:

I think the answer is net pay

I think the answer is B) Gross pay

​letter of editor of a newspaper expressing The View against the Intensive use of loud speaker please help ASAP before 10:45

Answers

LETTER OF EDITOR ON GGLE

If you want a brainly and a free virtual hug give me the correct answer

Answers

I don’t know it but i’m guessing A because it sounds right tbh

An example of form utility is when a customer gives cash in exchange for a pair of
sunglasses.
O TRUE
O FALSE

Answers

The answer to your question is true

Why is a city planner an important career

Answers

Answer:

Being a city planner is a very important career since there work affects the city that they are working on. City planners create programs, plan out ways to develop land, plans to place buildings and features. Put in facilities, etc.

In your city, most of the buildings and places where are there neighborhoods. Are most likely the work of a team of city planners. It says it in its name. A city planner is a planner who uses there skills to plan out a city or plan out things in the city. The placements of certain museums or buildings are the result of a city planner.

Hope this helps you! :)

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