To purchase new furniture, the owner of a restaurant borrowed $5,000 for 2 years and paid $350,000 simple interest on the loan. what rate of interest did she pay?

2.0 percent

10.0 percent

5.0 percent

3.5 percent

Ochre holds one ton of perishable fruit in storage for Produce Corporation. If Produce does not pay for the storage, under the doctrine of mitigation of damages, Ochre is held to a duty toA. continue to store the fruit until Produce pays. B.

Which of the following is an essential characteristic of enduringly great companies? They undergo continuous change. They are solely driven by incremental improvements. They focus on beating the competition. They oppose experimentation.

Operating income and tax rates for Blossom Company's first three years of operations were as follows: Income Enacted tax rate 2020 $270000 25% 2021 ($870000) 20% 2022 $1550000 30% Assuming that Blossom Company opts only to carryforward its 2021 NOL,

During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,000.

LK Corporation uses the absorption costing approach to cost-plus pricing. For a particular product, the company invested $274,000 and expects a return on investment of 12%. Based on budgeted sales of 60,000 units next year, the unit cost is $42.20.

When the consumer price index rises, the typical family a. has to spend more dollars to maintain the same standard of living. b. can spend fewer dollars to maintain the same standard of living. c. finds that its standard of living is not affected. d.

A magazine subscription costs $45 per year at the beginning of each year, or $115 now for a three-year subscription. If the subscriber elects to pay the $115 now, the rate of return on the investment will be nearest to:

The second step in rational decision making is to: choose the solution that maximizes value. identify the criteria that are important in making the decision. evaluate the alternatives. implement the alternative.

What impact will a spike in wages cause to the labor demand curve?

A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%.